Time Out Market has appointed Jay Coldren as co-CEO (development) to lead the global expansion of the food hall brand.
The company currently operates seven locations, with a further six sites due to open between 2023-25, and it is in advanced negotiations for several more locations.
Coldren joined Time Out Market in September 2021 as chief operating officer of the Americas and has overseen the brand’s five food hall locations in the US and Canada. He replaces Didier Souillat who has left the business after more than six years.
In his new role Coldren will work alongside Time Out Market co-CEO (operations) Sandy Hayek and report into Time Out Group CEO Chris Ohlund.
Ohlund said: “Jay’s experience in successfully developing and expanding some of the world’s leading hospitality brands and his success as Time Out Market COO Americas makes him a perfect fit for the role of Time Out Market co-CEO (development). We are delighted to promote Jay into this role as we continue our global expansion with several new sites in the pipeline and ongoing interest from leading landlords and real estate developers who want to open a Time Out Market with us.
“The board, the whole team and I would like to thank Didier Souillat for his significant contribution to Time Out Market during his over six years with us. He was a driving force behind the expansion of our markets globally and instrumental in developing a strong pipeline of new sites which includes our first market in Asia with Time Out Market Osaka and our first location in Africa in Cape Town. We wish him every success with his new endeavours.”
Coldren added: “I am looking forward to leading the global expansion of Time Out Market and bringing our unique food and cultural market to more exciting cities around the world. In just a few years, we have become a leading global food hall brand — this is now a proven and successful concept known for its ability to transform spaces and attract footfall which makes us a perfect choice for real estate partners around the world.”
