From Magazines to Menus, Time Out Plans to Open Gourmet Food Hall in Fulton Market

From Magazines to Menus, Time Out Plans to Open Gourmet Food Hall in Fulton Market

Ryan Ori | Chicago Tribune

The media group that publishes Time Out entertainment magazines and websites plans to open a gourmet food hall in Chicago’s Fulton Market district, after the concept drew more than 3 million visitors in Portugal last year.

Time Out Market is close to finalizing a lease to move into all of a two-story 30,000-square-foot building at Fulton Market and Sangamon Street, according to sources.

The media company has used Time Out Market as a profit generator and a method to build awareness of its magazines, websites, apps, guides and events. Time Out Chicago eliminated its weekly magazine in April 2013; it now comes out quarterly.

In its market concept, Time Out signs a long-term lease on a large retail space and then offers stalls within the market to bars, restaurants and shops of its choosing. Time Out keeps a percentage of each vendor’s sales.

Time Out also has announced plans for markets in Miami Beach, Fla.; London; and Porto, Portugal, and is “exploring other cities like New York, Chicago, Boston and more,” according to CEO Julio Bruno’s LinkedIn profile.

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