Fielmann AG : New acquisition in the US now effective, no big revolution on our forecasts
>Acquisition of Shopko in the US finalised, the group has raised its guidance for consolidated sales from € 2.2bn to € 2.3bn, message on profitability unchanged - Several weeks ago the group had announced a second major acquisition in the US, Shopko Optical, based in Green Bay Wisconsin, which significantly increases its physical presence in the Mid West (last year the group already acquired a network of 80 stores covering 9 states, Shopko brings in 140 stores in 13 ...Fielmann is an eyewear manufacturing group based in Germany. Co. is predominately active in the optical industry and operates across every level: as manufacturer, agent and optician. Co. is involved in the operation of and investment in opticians' shops, hearing aid companies and the manufacture of and trade in visual aids and other optical products, in particular spectacles, spectacle frames and lenses, sunglasses, contact lenses, related articles and accessories, freely traded merchandise not subject to licensing of all kinds as well as hearing aids and related accessories. Co. markets its products in Germany, Switzerland, Austria, Belarus, Ukraine, Poland, Netherlands, and Luxembourg.
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