REG - Time Out Group plc - Time Out Market Delhi Franchise Agreement Signed

Time OutAnnouncement

Mon 10:30

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RNS Number : 4075H  Time Out Group plc  08 June 2026

8 June 2026

Time Out Group plc

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

Time Out Market Delhi Franchise Agreement Signed

 

Time Out Group plc (AIM: TMO), the global media and hospitality business, is
pleased to announce that it has entered into a binding franchise agreement
with Quint Digital Limited ("Quint"), India's leading media-tech company, for
the development and operation of Time Out Market Delhi.

The agreement marks the first franchise agreement for a Time Out Market
globally and follows the three-year exclusive option granted to The Quint in
May 2025 to explore Time Out Market opportunities in India.

Under the franchise agreement, The Quint will develop, fund and operate Time
Out Market Delhi in accordance with Time Out's globally recognised Market
concept and operating standards. The Group will generate revenue through
contractual franchise fees and ongoing payments, while not contributing
capital towards the development of the Market.

Time Out Market Delhi will be located at 5 Worldmark, Aerocity, the new phase
of the Worldmark development and is currently anticipated to open in the
second half of 2026. The Market is expected to comprise approximately 24,500
sq ft, featuring 11 food and drink concepts alongside cultural programming and
events that showcase the best of Delhi.

Time Out Market is the world's first editorially curated food and cultural
market, bringing the best of the city together under one roof: a curated mix
of the city's best chefs, restaurateurs, drinks concepts and cultural
experiences. Time Out's expert editors will work alongside the local team to
help ensure the Market reflects the very best of Delhi's food, culture and
talent.

The Delhi agreement represents a further step in the Group's strategy to
expand the Time Out Market portfolio through capital-light partnership models.
The existing Market portfolio includes 13 open Markets globally, with
additional locations under development.

Chris Ohlund, CEO of Time Out Group plc, said: "This is a landmark moment for
Time Out Market as we sign our first franchise agreement globally. The
agreement demonstrates the strength and flexibility of the Time Out Market
model and creates an additional pathway for international expansion through a
highly capital-efficient structure. We are delighted to be taking this next
step with The Quint, a trusted partner that shares our vision for bringing the
very best of Delhi's food, culture and talent together under one roof."

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

 

 Open Markets                                                                                        Markets under development

                                                                                                     - opening in 2026 and beyond
 Owned & Operated                       Partnerships: Management Agreements (MA) & Licensed (L)      Partnerships: Management Agreements (MA)

                                                                                                     & Franchise (F)
 ●     Lisbon                           ●     Montreal (MA)                                          ●     Delhi (F) - expected to open in 2026

 ●     New York, Brooklyn               ●     Dubai (MA)                                             ●     Abu Dhabi (MA) - expected to open in 2026

 ●     Porto                            ●     Cape Town (MA)                                         ●     Prague (MA)

 ●     Barcelona                        ●     Bahrain (MA)                                           ●     Riyadh (MA)

 ●     New York, Union Square           ●     Osaka (MA)

                                        ●     Budapest (MA)

                                        ●     Boston (L)

                                        ●     Vancouver (MA)

 

 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
 FTI Consulting LLP                              Tel: +44 (0)203 727 1000

 Edward Bridges / Ben Fletcher

 

 

 

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 over 350 cities in over 50 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 13 cities such as Lisbon, New York and Budapest, several new
locations with expected opening dates in 2026 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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