Time Out Group announced that it has signed a lease agreement for a new Time Out Market in Boston, Massachusetts, with the benefit of planning for the site already secured.
The market will be located in a warehouse built in 1929 and today home to a variety of retail stores, a movie theatre and office space.
Following the success of the Company’s flagship market in Lisbon, which opened in 2014, this marks the second confirmed Time Out Market in the US, with a market set to open in Miami in 2018. In 2016, the Lisbon market reported strong year-on-year revenue growth of 115 per cent and a record 3.1 million visitors.
Expected to open during the first half of 2019, the market will showcase 16 food offerings, two bars as well as one cooking academy and one retail shop. Time Out Market will provide tenants with the facilities, equipment and support services in exchange for a share of revenue, while bars will be directly managed by the Time Out Market team.
Julio Bruno, CEO of Time Out Group, said “Opening new Time Out Markets is a core part of our growth strategy and adding Boston to our portfolio is another great milestone. We have found a unique location that has been at the heart of the city since 1929; this is a vibrant neighbourhood and a very dynamic community that some of the most innovative companies call home. Time Out Market Boston will be our second location in the U.S. where we continue to grow our brand.
“Our first Time Out Market in Lisbon is going from strength to strength since it opened in 2014, as the world’s first food and cultural market based wholly on editorial curation. It is a profitable business with an excellent performance and we are proud that it is loved by millions. We can’t wait for people in Boston and visitors to the city to get to enjoy their very own Time Out Market.”
Didier Souillat, CEO of Time Out Market, added “We are pleased to have found such a wonderful site in Boston for Time Out Market with a landlord that shares our values. The art deco building is woven into the fabric of Fenway; a workspace, cultural hub and playground for professionals, students and tourists alike – it is a fantastic back drop for Time Out Market within a high footfall area.
“This is an exciting time to open Time Out Market in Boston where the food scene has been steadily evolving. The restaurant sector is enormously supportive of young local chefs – as are we – which ensures that the pool of talent in the city is continuously growing. We all look forward to showcasing our curated mix of the city’s best restaurateurs in Boston alongside the most talented mixologists and artists.”
Time Out Group is a member of FIPP.
More like this
Business Insider will launch an offer in February 2018 in South Africa in cooperation with Media24. The South African edition will be the 15th international edition and the second in Africa.7th Dec 2017 Launches
Time Inc. announced the sale of Sunset to Regent, a Los Angeles–based private equity firm led by investor Michael Reinstein.1st Dec 2017 Launches
The Chinese Media Group of Singapore Press Holdings will undergo a major restructuring exercise to merge its editorial resources from Lianhe Zaobao, Lianhe Wanbao and CMG Digital to form NewsHub.29th Nov 2017 Launches
Ringier China, the Chinese subsidiary of the Swiss digital media company Ringier, has sold its Chinese publishing portfolio to Ocean Strategies Advertising. The sales and purchase agreement has been signed on November 23rd, 2017. In the future, Ringier will focus on Myanmar and Vietnam where it is planned to further expand and invest into its portfolio.29th Nov 2017 Launches
“I think you’re seeing a move-back to print; a move-back to the appreciation that print is restorative; it’s actually information that you take in. We know that there was a connection between the tactile, taking in of information… so, the touching of print and the absorption of information. And I feel very confident that print will continue to evolve and remain relevant.” - Joanna Coles8th Dec 2017 Features
Guest editorship in the magazine industry is used to create a buzz - it's often a way to garner attention. In the past, guest editorship has been often reserved for A-list celebrities. In 1997, Gwyneth Paltrow edited Hearst's Marie Claire, and in 1998, Susan Sarandon edited it. Bono guest-edited an edition of Conde Nast's Vanity Fair in 2007. In 2015, Michelle Obama guest edited Meredith's More magazine.11th Dec 2017 Features
While many potentially disruptive trends are not dominant or even easy to recognise, publishers must be ready to identify and experiment with them, warns Josh Macht, executive vice president and group publisher at the Harvard Business Review in the US.7th Dec 2017 Features
Country Living is continuing their trend integrated multi-platform branded content campaigns for 2017—building off of their steering wheel cover with Go RVing in June—the Hearst brand teamed up with L.L. Bean for a three month partnership which kicked off in October issue and included distinct print covers in November and December.14th Dec 2017 Features
Television reigned supreme over the advertising market. It has been a long time coming, but finally, this year, digital has dethroned TV.11th Dec 2017 Insight News
Visit our Youtube channelFIND OUT MORE
FIPP newsletters allow you to keep up with industry trends, research, training and events across the worldFIND OUT MORE
Get global coverage of your launches, company news and innovationsFIND OUT MORE
What’s happening now, what’s coming next