Fielmann Aktiengesellschaft (XTRA:FIE) has entered into a definitive agreement to acquire Single Vision Solution, Inc. from Robert G. Farrell, Jr. and Kenneth J. Stann. for approximately ?110 million on June 7, 2023. In a related transaction Fielmann Aktiengesellschaft has entered into a definitive agreement to acquire equity ownership of Eyevious Style, Inc. SVS Vision generated more than $100 million in sales in 2022.. In connection with the transactions, the Fielmann announced that it has appointed Lukas Ruecker as Chief executive officer of Fielmann USA, Inc. The transaction is subject to customary closing conditions, including receipt of any necessary regulatory approvals. The transaction is expected to close by 31 August 2023. O'Melveny & Myers LLP acted as legal advisor to Fielmann Group AG (XTRA:FIE).

Fielmann Aktiengesellschaft (XTRA:FIE) completed the acquisition of Single Vision Solution, Inc. on August 31, 2023. SVS Vision will become part of the Fielmann Group from September 1, 2023.