Lifestyle Republic Holdings (LSR) and Ethiopian-based food supplier Ground Euphora announced that they have acquired the assets of SAVOUX Brands, based in Chicago, IL and the owner of SAVOUX Coffee (www.savouxbrands.com). The acquisition is expected to close in early July 2025.
The acquisition was made under Article 9 of the Uniform Commercial Code and consists of SAVOUX’s inventory, equipment, accounts receivable, customer list and all intellectual property for $13,800. Lifestyle Republic Holdings (LSR) will control 70% of SAVOUX Brands, while the remaining 30% will be held by Ground Euphora.
“We are excited to welcome SAVOUX Brands and its customers to the LSR family,” said Thenjiwe Lyons, Managing Partner & General Counsel for Lifestyle Republic Holdings. “This acquisition demonstrates the increasing importance of coffee in our service offering and aligns with our goal of providing commercial customers with the broadest array of premium point-of-use offerings.”
“Ground Euphora identifies growth opportunities in the rising presence of specialty coffee in conventional coffee markets like the U.S. and South Africa,” said Beamlak Shewengezaw, Co-Founder of Ethiopian-based Ground Euphora. “Ground Euphora and Lifestyle Republic share a vision of creating equitable growth opportunities across the coffee industry.”
Renee Rodrigues (the cousin of Ground Euphora Co-Founders Beamlak and Sitiyana Shewengezaw) and JaTavia Daniels founded Savoux Brands in 2024. The acquisition is expected to be cash accretive.
Savoux Coffee Website – www.savouxbrands.com