Fielmann AG in Hamburg is the largest German optician with sales of 1.8 billion euros (2019). Fielmann is a manufacturer as well as a wholesaler and retailer of ophthalmic optics. The entire optical value chain is covered. The company has long since opened up other European markets, but the German domestic market is still of paramount importance. Of the approximately 870 Fielmann branches, a good 600 are located in Germany. Every 20th optician shop in this country belongs to Fielmann. The market shares are even more impressive. In terms of unit sales, the company has a market share of 53 per cent and 22 per cent in terms of sales. The optics chain has more than 20,000 employees. Growth is now mainly taking place in non-German markets. A further 40 Fielmann branches were opened in 2019 alone. This article is based on the unique List of the 400 largest German trading companies.
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Family owned optics wholesale and retail
The first Fielmann store started in 1972 in Cuxhaven. Founder Günter Fielmann consistently expanded his business from there by offering consumers attractive alternatives to the standard spectacles. To this day, reasonably priced spectacles remain the Fielmann success model. The company went public in 1994. Despite the stock exchange listing, Fielmann has remained a family company. Less than 30 per cent of the shares are in free float, the majority of shares are held by Korva SE, which acts as a kind of family office. Smaller shares are held directly by Günter Fielmann and other family members.
Source: Listenchampion
Picture source: Unsplash
