Press release issued by Time Out Group plc with respect to Franchise Agreement
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Quint Digital has signed a binding franchise agreement with London AIM-listed Time Out Group plc to develop and operate Time Out Market Delhi. This is the first franchise deal for Time Out Market globally, following an exclusive option granted to Quint in May 2025. Quint will fully fund and operate the project, while Time Out earns franchise fees and ongoing payments without contributing capital. The market will be located at 5 Worldmark, Aerocity, Delhi, spanning approximately 24,500 sq ft with 11 food and drink concepts plus cultural programming. It is expected to open in the second half of 2026.
This marks a meaningful diversification for Quint Digital beyond its core media-tech business into hospitality and curated food markets, leveraging a globally recognized brand. Quint bears the development and operating costs, so near-term capex and execution risk are notable, but the capital-light franchise model means no equity dilution from Time Out. Shareholders should watch for updates on opening timelines and operating performance once the market launches in H2 2026.