UAE-Based Mair Buys Majority Stake in Turkish Coffee Chain Espressolab
23 Articles
23 Articles
An agreement has been reached to sell 70 percent of Espressolab's shares to the United Arab Emirates-based Mair Group. In order for the sale to be completed, approval is required from regulatory bodies in Turkey and the UAE.
EspressoLab, the coffee chain that was at the top of the boycott list announced by then-CHP leader Özgür Özel following the Istanbul Metropolitan Municipality operations on March 19, 2025, has been sold to the UAE-based Mair Group. While the sale price was not disclosed, regulatory approvals are required to finalize the deal.
UAE-based strategic investment company Mir Group has reached an agreement to acquire a 70% stake in Eslab, the parent company of EspressoLab. Majority stake in EspressoLab sold to UAE-based company. (Medyascope)
UAE group to buy 70 percent of Espressolab after opposition boycott - Turkish Minute
Abu Dhabi-based Mair Group has agreed to buy 70 percent of the company behind Turkish coffee chain Espressolab, a target of an opposition boycott following the jailing of İstanbul Mayor Ekrem İmamoğlu last year. Mair announced on Wednesday that it had signed an agreement to acquire 70 percent of Eslab, which owns the chain. The […]
EspressoLab, one of Türkiye's leading coffee chains, has reached an agreement with the United Arab Emirates-based Mir Group to sell 70% of its shares. The sale of the company, which has more than 400 branches in 21 countries, is awaiting approval from regulatory authorities. Here are the details...
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