Moscow – Qahwa World
The Russian division of the international coffee chain Cofix is reportedly being prepared for sale, with its valuation estimated between 1.25 and 1.4 billion rubles. According to market sources, a leading candidate to acquire the business is the investment firm Бумеранг Капитал, established in 2024 by Ваган Гаспарян, a former executive of Sberbank Capital. Both parties have declined to comment publicly.
Cofix currently operates around 290 outlets across Russia, many under franchise agreements. The chain maintains a presence in Kazan with two locations — one on Bauman Street and another in the MEGA shopping center. In terms of scale, Cofix ranks among the top five coffee chains in the country, following competitors such as Coffee Like, One Price Coffee, and Surf Coffee. Despite this, the sector remains highly fragmented: the largest operators collectively control no more than 20% of a market estimated at 13,000–15,000 coffee outlets.
Industry analysts suggest that acquiring Cofix could strengthen Бумеранг Капитал’s position in the foodservice sector by improving supply chains and consolidating operations. The fund has already been active in this space, including the recent purchase of the specialty coffee brand Даблби.
The potential deal comes at a challenging time for the coffee market in Russia. In the first months of 2026, sales of ready-made coffee declined by 4% compared to the previous year, while takeaway coffee dropped by 2%. Market participants attribute this trend to rising raw material costs and weakening consumer demand. Estimates indicate that coffee bean costs have risen by 25–30% over the past year, while customer traffic in coffee shops has decreased by around 20%.
Founded in Israel in 2013 by entrepreneurs Ави Кац and Бенни Паркаш, Cofix originally built its brand around a fixed low-price model. In recent years, however, the company has gradually shifted away from this concept, partly due to increasing competition from retail chains, where consumers are opting for more affordable in-store coffee options.
The Russian operating entity, Urban Cofix Russia LLC, reported revenue of 3.01 billion rubles in 2025, with a net profit of 68.1 million rubles, reflecting relatively modest margins.
The broader foodservice industry is also undergoing contraction. In 2025, approximately 35,400 foodservice businesses closed across Russia, including restaurants, cafés, and bars. Regional markets such as Tatarstan are expected to see further closures, particularly in the mid-range segment, driven by rising costs and shifting consumer behavior.
While experts believe the chain coffee segment will continue to expand overall, they also anticipate a slowdown in the pace of new outlet openings as market conditions remain tight.
