A sign outside Shopko Optical's headquarters in Ashwaubenon is seen June 20, 2022. PC: Fox 11 Online
(WTAQ-WLUK) — A German family business is acquiring Green Bay-based Shopko Optical.
The Fielmann Group, a global eyewear provider, announced that it has entered into a definitive agreement in which its US subsidiary, Fielmann USA, will acquire 100% equity ownership in Shopko Optical from Monarch Alternative Capital LP.
The transaction is expected to close in the third quarter of this year, subject to customary closing conditions and regulatory approvals.
The transaction marks another milestone for the Fielmann Group’s growth strategy in the US. In 2023, it entered the market by acquiring online eyewear retailer Befitting as well as SVS Vision, an optical retailer that operates 80 stores across 9 US states with a market-leading position in Michigan.
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