Mair acquires Espressolab owner

Mair Group buys majority stake in Turkey’s Espressolab: Abu Dhabi-based Mair Group signed a share purchase agreement to acquire 70% of Eslab, owner of Turkish specialty coffee chain Espressolab, according to a company statement (pdf) and a disclosure (pdf) to the ADX. Financial terms were not disclosed. Eslab’s founders and existing shareholders will keep the remaining 30% and stay on to support the business. The acquisition is still pending regulatory approvals in the relevant jurisdictions.

About Espressolab: Founded in 2014, the chain Espressolab has more than 400 coffee shops across 21 countries as of August, including more than 310 in over 50 Turkish cities. Most of the network is franchised. Beyond running coffee shops, Eslab handles brand management, franchising, coffee sourcing and roasting, product supply, and retail and digital sales.

Who is Mair? The group was formed when the Abu Dhabi Cooperative Society converted into a public joint stock company, and it was direct-listed on the ADX in December 2024. It runs two main businesses: grocery retail, via its Adcoop stores network and Spar supermarket chain in Abu Dhabi, and commercial real estate via Makani, which operates more than 70 malls and community hubs, including Mall of Al Ain.

This is Mair’s first international acquisition since listing and its first step beyond grocery and property into a consumer brand. Mair says combining Espressolab’s international reach with its own investment capabilities will create “strategic synergies,” but it hasn’t disclosed further details.