Fielmann Group AG Acquires Shopko Optical

Fielmann Group AG has signed an agreement to acquire 100% equity ownership in Shoptikal Topco, Inc. (Shopko Optical). The seller is Shoptikal Parent Holdings, L.P., whose major shareholders are funds advised by Monarch Alternative Capital. The deal is valued at approximately $290 million. The transaction is set to close in the third quarter of 2024, subject to regulatory approvals.

Shopko Optical operates over 140 stores across 13 US states. Once finalized, Fielmann USA Inc. plans to integrate Shopko Optical into its omnichannel platform, enhancing its reach to over 220 retail practices across 19 states. This acquisition aligns with Fielmann's Vision 2025 strategy to grow internationally, particularly within the US market.

Shopko Optical generated $168 million in sales in 2023. Fielmann Group, a German eyewear provider, previously entered the US market by acquiring Befitting and SVS Vision in 2023. Fielmann CEO Marc Fielmann emphasized the company's commitment to redefining US eyecare and eyewear standards.