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Time Out Group announces new Time Out Market in London

Time Out Group announces new Time Out Market in London

by on October 12, 2016

Time Out Group PLC (AIM: TMO), the global multi-platform media and e-commerce business with food & cultural markets, is pleased to announce that it has signed a conditional lease agreement for a new Time Out Market at 106 Commercial Street in London’s vibrant Shoreditch district. The agreement is subject to planning permission being received on the site.

This will be the first Time Out Market in London, following the success of its flagship market in Lisbon which opened in May 2014, and its newly signed lease in Porto. In the first six months of 2016, the Lisbon market reported strong YoY proforma revenue growth of 106%, record levels of visitors (1.3 million) and has been EBITDA positive in each month of the current financial year. [more…]