The Chișinău-based operator expects to open a further nine stores before the end of 2024 as it scales its presence across Eastern Europe and the Middle East
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The Tucano Coffee store at the Tuzla Port shopping centre | Photo credit: Tucano Coffee
Moldova’s Tucano Coffee has launched in Turkey with an outlet at Istanbul’s Tuzla Port shopping centre.
The franchised coffee chain said Turkey will be a key market for its aspirations to scale across Europe and the Middle East, where it also operates stores in Moldova, Romania, Germany, the UAE and Saudi Arabia.
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Founded in Moldovan capital, Chișinău, in 2011, Tucano Coffee reached 50 stores globally in 2023 after opening new sites in Iasi, Frankfurt and Dubai. The business also operates outlets in Kazakhstan and Kyrgyzstan.
The alternative-lifestyle themed operator, which serves a range of single origin and small batch coffees, has opened nine new stores this year and expects to open a further nine before the end of 2024.
Turkey is the fifth largest branded coffee shop market across Europe with more than 3,100 outlets. Led by Starbucks, which operates more than 690 stores, the market grew 7.3% last year and is forecast to exceed 3,770 outlets within the next five years.
Tucano Coffee posted sales of €17m ($18.4m) in 2023.