Fielmann Group AG (XTRA:FIE) entered into a definitive agreement to acquire Shoptikal, LLC from Monarch Alternative Capital LP on June 10, 2024. Shoptikal operates more than 140 stores across 13 US states and generated $168 million in sales in 2023. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions and regulatory approvals.

Jefferies LLC is acting as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Shopko Optical.