Learn more

The Fielmann Group said it has completed its acquisition of Shopko Optical in a deal that is to add six months worth of sales to the current fiscal year. Shopko Optical’s fiscal 2024 profit contribution is expected to be limited, Fielmann noted. Russ Steinhorst, former chief executive of Shopko Optical, has been appointed executive vice president and chief financial officer of Fielmann USA. The Fielmann Group raised its sales outlook for 2024 proportionally to about €2.3 billion ($2.5 billion), revised from prior guidance of around €2.2 billion ($2.4 billion). Earnings before interest, tax, de…

cuu