REG - Time Out Group plc - Time Out Market New York, Union Square Opens

Time OutAnnouncement

26/09/2025 07:00

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RNS Number : 8860A  Time Out Group plc  26 September 2025

26 September 2025

Time Out Group plc

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

 

Time Out Market New York, Union Square Opens

 

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

 

This is the Company's 13th food and cultural market following last week's
opening of Time Out Market Budapest. There are a further four Management
Agreements signed which are set to open in 2026 and beyond, with more Markets
in advanced negotiations.

 

Time Out Market is a food and cultural market that brings the best of the city
together under one roof: a curated mix of the city's best chefs,
restaurateurs, drinks and cultural experiences. The 10,000-square-foot Union
Square site features seven kitchens, a full-service bar and around 240 seats,
including on the outdoor terrace.

 

This is the second Time Out Market in New York where in 2019 a flagship opened
in Brooklyn's Dumbo neighbourhood across 24,000 sq ft with 21 kitchens, three
bars, a stage, and rooftop views of the Manhattan skyline. By contrast, Time
Out Market Union Square is the Company's first neighbourhood Market - a
smaller but equally vibrant format which is one of Time Out's focus areas as
it is expanding its portfolio.

 

Time Out's digital expertise also comes to life on screens throughout the
Market, featuring curated recommendations from Time Out New York local experts
to inspire and engage guests. This also creates revenue synergies between Time
Out Media and Market as advertisers can reach a valuable audience through both
DOOH ('digital out of home') and in-person events - all under the trusted Time
Out brand. Showcasing these unique opportunities, Time Out and Disney's The
Lion King on Broadway announced a multi-month partnership with the hit stage
production as the exclusive opening sponsor of the new Market. The Time Out
team has developed a campaign with a unique blend of digital and in-Market
activations, connecting The Lion King with Time Out's audience of food and
culture lovers.

 

The lease agreement for the new site - an Owned & Operated Market, with
Time Out receiving 100% of site profits - was signed in February 2025 with
Zero Irving, a 'ground up' fully-leased 21-story Class A office building,
designed as an innovation and technology hub as part of a joint venture of
affiliates of RAL Companies and JRE Partners. The space previously housed a
food hall which ensured the Market opened in just a few months and
construction capex was lower compared to other sites.

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                     Management Agreements  Management Agreements
 ●     Lisbon                         ●    Montreal          ●    Vancouver

 ●     New York, Brooklyn             ●    Dubai             ●    Abu Dhabi

 ●    Boston                          ●    Cape Town         ●    Prague

 ●    Chicago                         ●    Bahrain           ●    Riyadh

 ●    Porto                           ●    Osaka

 ●     Barcelona                      ●    Budapest

 ●     New York, Union Square

 

 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 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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