TIDMTMO
Time Out Group plc
04 November 2020
Time Out Market Launches Dubai Opening Q1 2021
With four locations in the pipeline, Time Out Market plans to
expand its global footprint enabling more independent businesses to
thrive in city centres
LONDON, November 4, 2020 - Time Out Market , the world's first
food and cultural Market rooted in editorial curation continues to
expand with the opening of its seventh location in Q1 2021, Time
Out Market Dubai, as part of a management agreement with Emaar
Malls. Time Out Market portfolio spans iconic destinations,
including its flagship in Lisbon (2014) followed by Miami, New
York, Boston, Montréal and Chicago (2019).
After temporary closures in March 2020 due to the pandemic,
several Time Out Market locations have reopened with enhanced
health and safety protocols for visitors to experience favorite
local cuisines, cocktails and culture. Now, Time Out Market is
looking to the future with safety at the heart of its new openings.
Dubai will be the first built in the post-Covid world in Q1 2021,
followed by Porto (Q4 2021), London (2022) and Prague (2023) - with
further expansion plans in the works.
Time Out Media captures and showcases the diversity that
represents each city. Time Out Market brings it to life through
curated chefs and restaurateurs and unique cultural experiences
such as demo cooking classes with top chefs and art installations
from local artists to live musical performances and comedy show
nights - celebrating the soul of the city. Time Out Market Dubai
will be the first in the Middle East, located in Souk Al Bahar, an
Arabic-style retail, entertainment and dining destination right in
the heart of Downtown Dubai. The Market has a unique waterfront
position on Burj Lake, next to The Dubai Mall and the iconic Burj
Khalifa - the area attracts millions of visitors each year. Time
Out Market Dubai will be 30,000 sq ft, featuring 17 of Dubai's top
chefs and celebrated restaurateurs, three bars and dedicated spaces
for cultural experiences.
Across Time Out Market locations, enhanced health and safety
precautions have been implemented for an enjoyable dining
experience. This includes the latest innovation in advanced air
circulation technology and state of the art fresh-air filtration
systems. To ensure continuous cleanliness, there are health and
safety communication vestibules at the entrance with sanitizing
stations, a dedicated cleaning crew and plexiglass shields at all
eatery counters and bars. To promote proper social distancing,
artfully designed dividers have been inscribed with quotes from
local thought leaders at all dining tables. In addition, customers
can now order contactlessly via the Time Out Market app or via a
delivery service.
Didier Souillat, CEO of Time Out Market commented: "At Time Out
Market we take great pride in helping real estate owners drive
quality footfall to their sites and engage with locals and visitors
alike. The Time Out Market concept reimagines the combination of
retail, restaurants and cultural experience, while also
safeguarding independent businesses and talent in iconic, central
locations of cities around the world.
We couldn't be more excited to partner with Emaar Malls on the
new opening of Time Out Market Dubai in the beautiful Souk Al
Bahar. The Time Out brand has a strong presence in Dubai with ITP
Media Group whose editors were instrumental in selecting and
tasting the very best curated mix from the city's top culinary
talent. Stay tuned, as we announce the selected chefs and
restaurateurs in the coming weeks. Time Out captures the soul of
the city and Time Out Market brings it to life - with the highest
safety standards available for locals and visitors alike to enjoy
the city experience."
Future Time Out Market Openings overview
The existing six Time Out Markets together span nearly 190,000
sq ft, and since opening, have housed more than 120 award-winning
chefs and beloved restaurateurs. The further four new openings
(Dubai, Porto, London and Prague) will add an additional 110,000+
sq ft and over 60 new chefs and restaurateurs bringing exceptional,
local cuisine that captures the diversity and passions of the
cities.
Time Out Market Porto: (Q4 2021) Time Out Market Porto will be
located in Porto's historic and busy São Bento train station, the
new 22,000 sq ft Time Out Market will offer 15 restaurants, four
bars, four shops, one café and one art gallery.
Time Out Market London: (2022) Time Out Market London is planned
to open right in the heart of the city's popular South Bank within
Waterloo station. Visitors will enjoy 17 of the city's most
acclaimed chefs and restaurateurs, three bars and a space for
cultural experiences across 32,500 square feet over two floors.
Time Out Market Prague: (2023) Time Out Market Prague will be
located in the heart of the historic city center, in the Savarin
Palace, near the famous Wenceslas Square. The new 24,757 sq ft
space will house 14 bistros, two bars, a bar lounge, space for
cultural events and a shop.
Current Time Out Market Destinations
Time Out Market Lisbon: (2014) The first ever Time Out Market,
opened in 2014 in the Mercado da Ribeira, a once neglected building
and neighbourhood in Lisbon. Now the Market is one of Lisbon's top
attractions with 4.1M visitors in 2019. The 32,000 sq ft Market has
24 restaurants, 7 bars, 6 smaller food stalls, one kiosk, three
shops, co-working space, Chef's Academy cooking workshop and Time
Out Studio's event space.
Time Out Market Miami : (May 2019) Just off Miami South Beach's
famed Lincoln Road - at 1601 Drexel Avenue-Time Out Market Miami
has 18 eateries, three bars, a demonstration kitchen and an art
space across 18,000 sq ft.
Time Out Market New York : (June 2019) Located in DUMBO,
Brooklyn at 55 Water Street, Time Out Market New York occupies two
floors of the historic Empire Stores right by the East River. It
not only offers some of the city's best food, drinks and cultural
experiences but also a rooftop with impressive views of the
Brooklyn Bridge, Manhattan bridge and lower Manhattan skyline.
Across 21,000 sq ft, there are 21 eateries, three bars and a
performance stage.
Time Out Market Boston : (July 2019) The historic 401 Park
building-a 1920s Art Deco masterpiece-at the heart of the vibrant
Fenway neighbourhood is home to Time Out Market Boston. Across
25,500 sq ft, the Market showcases 15 kitchens, two bars, a
demonstration kitchen, a retail shop and spaces for cultural
experiences.
Time Out Market Montréal : (November 2019) Located in the Centre
Eaton de Montréal, on Sainte-Catherine Street in the heart of
downtown, Time Out Market Montréal features 16 of the city's top
chefs and restaurateurs across 40,000 sq ft, with two bars, a
demonstration kitchen, cooking academy, retail shop and cultural
stage.
Time Out Market Chicago : (November 2019) Located in the heart
of the historic Fulton Market District, Time Out Market Chicago
sits within the 916 W Fulton Market and is spread across 50,000 sq
ft. The Market is home to 18 kitchens, three bars, a demonstration
kitchen, a retail area, an event kitchen, a viewing and
entertainment platform with bleacher seating, a hidden speakeasy
and a rooftop featuring an intimate bar.
- Ends -
For more information please contact: PR@timeoutmarket.com and www.timeoutmarket.com
Notes to editors
About Time Out Market
Time Out Market brings the best of the city under one roof: its
best chefs, drinks and cultural experiences. The world's first food
and cultural market based wholly on editorial curation, Time Out
Market captures decades of local knowledge, independent reviews and
expert opinions. Everything that is being offered in Time Out
Market must have been tested and tasted and finally selected by
independent Time Out journalists.
The first Time Out Market opened in 2014 in a historic market
hall in Lisbon and quickly turned into a huge success with 4.1
million visitors in 2019. This unique format, which is all about
making high-quality fine food affordable and accessible, is now
coming to other great cities around the world as the company is
rolling out Time Out Market globally. Time Out Market Miami opened
in May 2019, followed in the same month by Time Out Market New
York, in June 2019 by Time Out Market Boston and in November 2019
by Time Out Market Montréal and Time Out Market Chicago. Also in
the pipeline are Dubai, London, Porto and Prague (the sites in
Montréal, Dubai and Prague are the Group's first management
agreements) - all featuring the cities' best and most celebrated
chefs, restaurateurs, drinks and cultural experiences.
Time Out Market is part of Time Out Group plc , a global media
and leisure business that inspires and enables people to explore
and enjoy the best of the city. Time Out launched in London in 1968
with a magazine to help people discover the exciting new urban
cultures that had started up all over the city. Today, the Group's
digital and physical presence comprises websites, magazines, Live
Events and Time Out Markets. Across these platforms Time Out
distributes its curated content - written by professional
journalists - around the best food, drink, music, theatre, art,
travel and entertainment across 328 cities and in 58 countries.
Time Out, listed on AIM, is headquartered in the United
Kingdom.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
NRAFIFVTLLLSIII
(END) Dow Jones Newswires
November 04, 2020 04:00 ET (09:00 GMT)
Time Out (LSE:TMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Time Out (LSE:TMO)
Historical Stock Chart
From Apr 2023 to Apr 2024