India, Sept. 24 -- UAE-based MAIR Group has entered into a Share Purchase Agreement (SPA) to acquire a 70 per cent stake in Eslab, the owner of Turkish-origin specialty coffee brand Espressolab. The transaction marks MAIR Group's first cross-border acquisition since its listing on the Abu Dhabi Securities Exchange and supports its strategy to diversify its investment portfolio.

Founded in 2014, Espressolab operates a predominantly franchise-led specialty coffee network. As of August 2026, the brand had more than 400 coffee shops across 21 countries, according to MAIR Group.

Eslab's business model extends beyond coffee-shop operations and includes brand management, franchising, coffee sourcing and roasting, product supply, retail and dig...