REG - Time Out Group plc - Time Out Market Bahrain Opens

Time OutAnnouncement

02/12/2024 07:00

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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             ●     Montreal          2025                    2027

 ●      New York          ●     Dubai             ●     Osaka             ●     Prague

 ●      Boston            ●     Cape Town         ●     Budapest          ●     Riyadh

 ●      Chicago           ●     Bahrain           ●     Vancouver

 ●      Porto                                     ●     Abu Dhabi

 ●     Barcelona

 

 

 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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