Time Out cuts ribbon on Barcelona market
Time Out Group
54.67p
11:00 08/07/24
Publisher and hospitality company Time Out Group announced the opening of Time Out Market Barcelona on Friday.
FTSE AIM All-Share
775.40
11:10 08/07/24
Media
12,693.08
11:09 08/07/24
The AIM-traded firm said the opening marked its ninth food and cultural market, and its first in Spain, with seven more markets set to open between 2024 and 2027.
It said the new market is located in the Maremagnum shopping and leisure centre in the Port Vell area, near landmarks such as the Gothic Quarter and Barceloneta, and is connected to La Rambla via a pedestrian bridge.
Spanning 56,500 square feet, it said Time Out Market Barcelona includes a curated selection of the city's culinary offerings, including 14 award-winning chefs, emerging restaurateurs, and local eateries.
The market also boasts a full-service restaurant, four bars, an event space, and a podcast station.
Time Out said it had maintained a strong brand presence in Barcelona since 2008, with the new market expected to enhance synergies between its media and markets divisions.
At 0849 BST, shares in Time Out Group were down 1.82% at 54p.
Reporting by Josh White for Sharecast.com.