TURKEY; UNITED ARAB EMIRATES —Abu Dhabi-listed investment entity MAIR Group PJSC has formally executed a share purchase agreement to acquire a 70% majority stake in Eslab Kahve Gida Sanayi ve Ticaret A.S., the parent company behind the specialty coffee brand Espressolab. Under the agreement terms, Eslab's founding shareholders will retain the remaining 30% equity stake and participate in operational leadership. Transaction closure remains subject to customary regulatory approvals across relevant operating jurisdictions.
MAIR Group is an Abu Dhabi-based strategic investment enterprise managing assets across retail, commercial real estate, and community infrastructure in the United Arab Emirates, including supermarket banners ADCOOP and SPAR, as well as commercial property brand Makani. Founded in 2014, Eslab operates Espressolab as a franchise-centric platform, controlling an international network of over 400 specialty coffee outlets across 21 countries alongside integrated roasting, product supply, and digital sales infrastructure.
This transaction marks MAIR Group's initial cross-border asset acquisition following its public listing on the Abu Dhabi Securities Exchange in late 2024. The strategic movement addresses geographic concentration risks by transitioning the company from a domestic UAE retail landlord and grocery operator into an international brand platform owner. For the Middle Eastern investment sector, the acquisition reflects a growing movement of regional capital deployment toward scalable consumer assets that feature proven franchise operations and vertically integrated supply chains.
The integration provides operational synergies across the food service, retail, and commercial property sectors, offering potential footfall enhancement and lease deployment across retail real estate networks. Beyond diversifying revenue streams away from core domestic properties, the deal positions the investment group to capitalize on fast-growing specialty coffee consumption across Europe, the Middle East, and Asia.
