PRESSR: North acquires majority stake in premium coffee brand The Espresso Lab

  • This luxury brand will become part of Shamal’s diverse investment portfolio, a clear embodiment of the company’s unwavering commitment to nurturing and supporting the growth of distinguished local brands.
  • Shamal’s investment will help The Espresso Lab brand expand and increase its production capacity across the country.

Dubai, UAE, Shamal, a leading Dubai-based investment company managing a global portfolio of diverse investments, assets and experiences, has announced the acquisition of a majority stake in The Espresso Lab, an award-winning brand known for its excellence in selecting and roasting the finest coffee beans from the best sources, to deliver high-quality coffee and an exceptional experience to its lovers.

Founded in 2015 by Emirati entrepreneur Ibrahim Al Malouhi, The Espresso Lab has become renowned for its distinctive flavours, offering a unique selection of the finest coffee beans carefully selected from the best farmers and producers in the world.

This specialty, premium coffee is sold directly to customers through its own stores, its website, and wholesale operations. The Espresso Lab also has a number of retail outlets, including iconic cafés in Al Quoz, Dubai Design District, and Qasr Al Hosn in Abu Dhabi. The Espresso Lab is highly regarded by coffee connoisseurs for its rich flavors, high quality, and meticulous attention to detail in coffee making and preparation.

Shamal’s investment will help expand and spread The Espresso Lab’s luxury brand, with ambitious plans to strengthen its retail presence and increase its production capacity.

In this context, Abdullah Bin Habtoor, CEO of Shamal, said: “We are keen to invest in exceptional brands that reflect the creative energy, ambitious and innovative spirit that characterises Dubai, and this is what The Espresso Lab embodies in terms of values. We are confident that this partnership will contribute to the growth and expansion of the brand and enhance its position in the market.”

Emirati entrepreneur Ibrahim Al Malouhi will continue to lead The Espresso Lab’s growth and guide its business through its next phase of development. “Our strategic partnership with Shamal reflects the success of our brand and its reputation. We are excited to continue our journey to deliver the finest coffee experiences in the world to lovers of unique and luxurious flavours,” said Al Malouhi.

Information about North

Established in Dubai, Shamal is an investment company that manages a diversified portfolio of investments, assets and diverse experiences. The company chooses its investments in line with the strategic directions and aspirations of the Emirate of Dubai.

Its real estate portfolio spans a wide range of major residential communities, vital projects and entertainment destinations, residential and commercial neighborhoods, as it strives to develop unique projects and destinations such as “Dubai Harbour” and “Nad Al Sheba Gardens”. Shamal invests in a select group of exceptional properties, franchises and brands in the hospitality sector, ranging from luxury to mid-range and economy experiences, including global and local brands such as “Jumeirah Zabeel Saray”, “The Hart Hotel Shoreditch London, Curio Collection by Hilton”, “Baccarat Hotel & Residences Dubai”, “Sushi Samba” and “Five Guys” restaurants. As the owner of some of the most prominent entertainment and leisure venues and destinations in Dubai, Shamal seeks to create exceptional experiences every day by collaborating with the best to manage its diverse global investment portfolio.

For more information, you can visit
www.shamalholding.com

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