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Alex Behring

๐Ÿ‘ค Speaker
419 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

It's also surprising the distance because Skechers sells 9 billion a year in sneakers and Adidas sells 14.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Yeah, I would not have gotten that right.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

In most people's minds, I mean, back to the McDonald's Burger King analogy, most people would be surprised by those figures.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

This growth has basically been anchored by great product development.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

The product is really good and is developed in such a way that it's accessible.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

It provides great value for the consumer.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And then the second thing is you basically have a great distribution on this business where you don't rely on big boxes or retailers to get your product out there.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

The bulk of the sales are done through your own 5,000 plus stores and your sites.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

That's a big difference.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Otherwise, how would you start from scratch and be reaching out, closing in on 10 billion dollars?

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

They stayed involved, both personally.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

They'll keep...

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Running the business and they will have significant equity in the business because they elected this mixed consideration election that allows them to stay invested.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

I mean, I think to keep this thing growing is the first and second and third quarter of business for us, because that's what got the company to where it is.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And that's where you get the company to where it needs to go.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And of course, there are efficiency opportunities.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Yes, there are.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And we try our best to address as much of that as possible.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Yes.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Never at the expense of