Compulsory notice from 10 June 2024

according to Article 17 MAR of the Regulation (EU) No 596/2014

Fielmann Group acquires Shopko Optical
Fielmann continues US expansion with further acquisition 

Fielmann USA Inc., New York, USA, a wholly-owned subsidiary of Fielmann Group AG, Hamburg, Germany, has todayentered into an agreement to acquire 100% equity ownership in Shoptikal Topco, Inc. (Shopko Optical), Green Bay, Wisconsin, USA. The seller is Shoptikal Parent Holdings, L.P., Green Bay, Wisconsin, USA, whose majority shareholders are funds advised by Monarch Alternative Capital, New York, USA. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions, including receipt of any necessary regulatory approvals. The acquisition of the shares is based on a valuation of the equivalent of approximately US$ 290 million. 

Shopko Optical is an optical retailer operating more than 140 stores across 13 US states. Upon closing, Fielmann USA Inc. intends to integrate Shopko Optical into its omnichannel platform that, following the completion of the transaction, would serve customers via digital sales channels and more than 220 retail practices across 19 US states. 

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