RNS Number : 2764O
Time Out Group plc
02 December 2024
 

2 December 2024


Time Out Group plc

("Time Out", the "Company" or the "Group")

 

Time Out Market Bahrain Opens

 

Time Out Group plc (AIM: TMO), the global media and hospitality business, is pleased to announce that Time Out Market Bahrain opens to the public today.

 

This is the Company's tenth food and cultural market and fourth Management Agreement. There are a further six Management Agreements signed and due to open between 2025 and 2027, and more Markets are in advanced negotiations.

 

Dedicated to bringing the best of the city together under one roof, Time Out Market Bahrain offers across 3,000 sqm eleven kitchens, dessert counters, a coffee hub, a stage for entertainment and an al fresco rooftop. The Market is opening in partnership with Majid Al Futtaim Properties Bahrain and is located in the heart of Manama in City Centre Bahrain, the island's leading shopping, leisure and entertainment destination.

 

Time Out has had a brand presence in Bahrain since 2009 and the Market opening will further increase synergies between Media and Markets capabilities in the region and beyond.

 

The existing Market portfolio and expected opening schedule based on calendar year is as follows:

 

Open Markets

Markets under development

Owned & Operated

Management Agreements

Management Agreements

●     Lisbon

●      New York

●      Boston

●      Chicago

●      Porto

●     Barcelona

●     Montreal

●     Dubai

●     Cape Town

●     Bahrain

2025

●     Osaka

●     Budapest

●     Vancouver

●     Abu Dhabi

2027

●     Prague

●     Riyadh

 

 

For further information, please contact:

 

 

 

Time Out Group plc

Tel: +44 (0)207 813 3000

Chris Ohlund, CEO


Matt Pritchard, CFO


Steven Tredget, Investor Relations Director


 

 

Panmure Liberum (Nominated Adviser and Broker)

Tel: +44 (0)203 100 2222

Andrew Godber / Edward Thomas / Joshua Borlant


 

 

FTI Consulting LLP

Tel: +44 (0)203 727 1000

Edward Bridges


 

Notes to editors

 

About Time Out Group

Time Out Group is a global brand that inspires and enables people to experience the best of the city. Time Out launched in London in 1968 to help people discover the best of the city - today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across 333 cities in 59 countries and across a unique multi-platform model spanning both digital and physical channels. Time Out Market is the world's first editorially curated food and cultural market, bringing a city's best chefs, restaurateurs and unique cultural experiences together under one roof. The portfolio includes open Markets in ten cities such as Lisbon, New York and Dubai, several new locations with expected opening dates in 2025 and beyond, in addition to a pipeline of further locations in advanced discussions. Time Out Group PLC, listed on AIM, is headquartered in London (UK).

 

 

 

 

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