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Stock impact report

Monarch Alternative Capital Announces the Sale of Shopko Optical [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
management, today announced that it entered into a definitive agreement to sell Shopko Optical to the Fielmann Group, a leading global eyewear provider. Shopko Optical, an optical retailer operating more than 140 stores across 13 U.S. states, has been a leader in providing trusted eyecare to communities for over 40 years. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions and regulatory approvals. Shopko Optical was formed as a standalone company in 2019 through Monarch's purchase of 80 store-in-store optical units from Shopko Stores, Inc., formerly a retail chain of discount department stores based in Wisconsin that filed for bankruptcy in January 2019. Through involvement in the restructuring process, Monarch identified the opportunity to purchase Shopko Stores' optical business in the bankruptcy sale auction process. Monarch believed Shopko's optical business was a highly attractive asset within the broader Shopko retai Show less Read more
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