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Shopko Optical to Open 35 Locations in 2020

Monarch acquired Shopko Optical in May 2019.

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GREEN BAY, WI – Shopko Optical announced the opening of 80 freestanding optical centers in 180 days and said it plans to open an additional 35 optical centers in 2020.

Russ Steinhorst, Shopko Optical CEO, said, “I’m incredibly proud of our team, their focus on opening our new centers and their efficiency in making it a reality, especially the commitment and tireless efforts of our store development, operations, and IT teams.

“This was a very smooth transition as we were able to retain our loyal patients, optometrists and optical staff through the process.”

He said the company’s partnership with Monarch Alternative Capital has been crucial to its achievements.

“Without the guidance and support of Monarch and the Shopko Optical board, in particular Arthur Rubinfeld of Airvision and Jim Eisen, these openings would not have been a reality,” Steinhorst said.

Monarch acquired Shopko Optical in May 2019.

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Ian Glastein, Monarch principal and chairman of the Shopko Optical board, said, “When we partnered with Shopko Optical in May, we knew this endeavor was an important part of the growth strategy. To see our vision play out in these 80 center openings is an incredible accomplishment for Shopko Optical.”

Shopko Optical centers have been opened in Idaho, Illinois, Iowa, Michigan, Minnesota, Montana, Nebraska, South Dakota, Utah, Washington and Wisconsin.

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