time out group ( time out group plc ) is a digital and print publisher of web sites , apps , magazines and guidebooks covering events , entertainment and culture in cities around the world .

julio bruno is the group ceo of time out group .

based in cities such as london , new york and paris , time out group provides entertainment , food , and drink recommendations to an international audience through print and digital platforms .

time out was established in 1968 , by founder tony elliott and has developed into a trusted global platform that inspires and enables people to experience the best of the city .

operating in 108 cities , across 39 countries , it has an monthly global audience reach of 156 million across all platforms .

time out provides original editorial content for users to find things to do in the city as well as curated lists of the best films , food , attractions , art , culture , shopping and nightlife activities .

time out recently curated sci-fi films , a global sex survey , and provides unique content for its social fans .

time out market , launched in 2014 in lisbon , enables people to discover , book , live and share their experiences on one platform .

time out group

time out group <EOT> glassdoor has 122 time out group reviews submitted anonymously by time out group employees . read employee reviews and ratings on glassdoor to decide if time out group is right for you .

time out group ltd . - company profile , information , business description , history , background information on time out group ltd .

for more information on each time out market , please visit : time out market lisbon , time out market new york , time out market miami , time out market boston , time out market chicago and time out market montréal .

© 2018 time out england limited and affiliated companies owned by time out group plc . all rights reserved . time out is a registered trademark of time out digital limited .

© 2018 time out america llc and affiliated companies owned by time out group plc . all rights reserved . time out is a registered trademark of time out america llc .

© 2018 time out group ltd . all rights reserved . all material on this site is © time out .

both time out group and time out north america are majority owned by london - based private equity fund oakley capital .

just eat cooks up £3 . 5m investment for time out associate tech group flypay

the investment valued time out group at more than £20m and resulted in the group rolling out online - only advertiser - funded magazines around the world .

time out group ( “time out” , the “company” or the “group” ) is the leading global media and entertainment business that inspires and enables people to make the most of the city .

glassdoor gives you an inside look at what it ' s like to work at time out group , including salaries , reviews , office photos , and more . this is the time out group company profile . all content is posted anonymously by employees working at time out group .

time out group has announced the acquisition of london - based events and ticket booking company yplan .

i applied online . i interviewed at time out group ( london , england ) in january 2012 .

time out will no longer produce any time out guide books in 2016 , the company has confirmed .

the concept that time out portugal has developed at lisbon ' s mercado da ribeira market hall is to be replicated by the time out group around the world .

work finally starts in the area marked out for the time out market concession .

time out helps you get out more and enjoy the great outdoors . . .

our senior group had a wonderful time this spring going to meet all . . .

time out group has acquired likecube , a software company that creates tailored recommendations for users , for an undisclosed sum .

david king , time out group ' s ceo , said : " likecube will ensure time out can deliver the best , most relevant recommendations to its customers , making sure they get the most out of their time and money " .

hugecity will be rebranded as time out world later this month and will be integrated into time out’s existing digital offering .

time out group is to announce plans to raise £80m from a flotation on the london stock exchange , sky news understands .

copyright © 2018 time out market limited . all rights reserved . time out market limited is a company registered in england and wales , with company number 09550826 and whose registered office is at 77 wicklow street , london , wc1x 9jy . time out market limited is a subsidiary of time out group plc .

with its two divisions time out digital and time out market , the group aims to connect consumers and businesses in the leisure , travel and local entertainment sector through b2c and b2b offerings .

time out group is a leading global media and entertainment business that inspires and enables people to make the most of the city .

cities , across 25 countries through franchises . together , time out group has an estimated combined average monthly audience reach of over 137

in a statement to the stock market on friday , oakley , which controls 76 % of time out , said it has “commenced a process of review of the investment in time out group which may or may not lead to the partial sale of the group” .

at noon the doors of the time out market opened to the public for the first time .

the time out group appointed noel penzer , managing director of aol uk , as managing director of its european operation in february 2015 .

time out market is a food and cultural market bringing the best of the city together under one roof : its best restaurants , bars and cultural experiences , based on time out’s editorial curation . time out market is currently present in lisbon and the group is rolling this successful format out to new cities .

since june 2016 , time out group is listed on london ' s aim stock exchange , trading under the ticker symbol ' tmo ' .

julio bruno is the group ceo of time out group , having been known for taking the company public in mid - june 2016 . bruno has also worked internationally for the likes of tripadvisor , diageo and regus .

a spokesperson told the bookseller : “time out group continues to transform from a traditional media company to a global multi - media business in the light of a radically changed economy and media landscape . as part of the continued evolution of the business , time out group has taken the decision not to produce any new time out guide books in 2016 . ”

since june 2016 , time out group plc is listed on london ' s aim stock exchange , trading under the ticker symbol ' tmo ' .

in november 2010 oakley capital investments limited acquired 50 per cent of time out london . in may 2011 oakley capital made a further investment in time out new york with the aim of creating a global digital media group .

new time out markets brand concept has potential to become ‘must - visit’ destinations because customers trust time out to curate the best of a city .

computer research group ( crg ) , unix system group ( usg ) and a third group merge to become unix system development lab . at & t ; announces unix system v , the first supported release . installed base 45 , 000 .

the open group is not responsible for the content of the following external articles .

" developing e - commerce and monetising our audience is an important element of our ambitious growth strategy , " julio bruno , chief executive of time out group .

principal competitors : mindscape ; reed elsevier n . v . ; michelin north america inc . ; virgin group ltd . ; r . r . donnelley and sons co . ; vnu n . v . ; guardian group plc ; yell group plc .

time out spokeswoman alexandra rieck declined to confirm plans for a fulton market location .

a time out group spokeswoman said : " the magazine has seen a lot of success over the years but with time out ' s recent successful digital - only launches in paris and los angeles , the company is confident in this tested model .

media strategist £45 - £55k doe – fast growth marketing , media and tech group .

time out launched a printed edition for manchester in 2006 , spying an opportunity following the closure of the guardian media group - owned city life , but its first expansion beyond the capital did not work out .

since its opening in may 2014 , time out market lisbon has quickly turned into a huge success and is now arguably the most popular attraction in the city , which is no small feat in a place with hundreds of years of history . following the success of its flagship market in lisbon , time out group plc is now rolling the format out to other cities as part of its growth strategy . time out market new york is set to open at 55 water street within empire stores in brooklyn’s dumbo neighbourhood in q4 2018 , time out market miami in miami south beach at 1601 drexel avenue in q4 2018 and time out market boston , time out market chicago and time out market montréal in 2019 .

the museum’s popularity among people around the world has created a high demand for group passes for schools , churches , families and more . for that reason , group reservations are suspended to complete development and testing of a new group request process . we appreciate your support .

time out’s platform also incorporates time out market which brings together time out’s curation of a city’s best restaurants , food shops and culture under one roof . the first time out market opened in 2014 and occupies an old fruit market hall in lisbon , portugal of approximately 70 , 000 square foot . in the first six months of 2016 ,

as part of the deal , flypay’s technology will be integrated with time out’s platform .

time out acquires events discovery and booking platform yplan for as little as £1 . 6m

time out kids uae is the intelligent guide to parenting for families across the uae .

time out market in lisbon has an average weekly footfall of 40 , 000 people .

" working for time out is like being married to a man who cheats . "

time out was founded in london in 1968 , but has since grown into a global media group spanning 50 cities . it now has a monthly audience of 28 million people .

being prepared and passionate about the company already , bruno had his own strategy pitch prepared , detailing to the owners about what he would do if he worked for time out group .

the opening of the time out market in miami south beach is anticipated during the first half of 2018 . with plans for new markets progressing well in further locations globally , the group is making significant progress in rolling out the highly successful time out market format which is part of the group’s growth strategy outlined at the time of its ipo . the company believes that the uniquely designed time out market format will further expand its international presence and raise the profile of the brand , which currently has a monthly global digital audience reach of 137 million .

in november , time out london sold a 50 % stake to private equity firm oakley capital for around £10m , and said it would focus on expanding the group ' s digital offerings .

time out , the magazine publisher which has transformed itself into an international digital media group , is plotting a listing on the london stock exchange that will value it at more than £200m .

time out north america , the group ' s us affiliate , acquired the magazine for a reported $ 4m from owner joe mansueto , the chief executive of us investment research company morningstar .

for julio bruno , the chief executive of global media and entertainment business time out group , he got his first taste when he took on a summer job at the age of twelve .

2004 : the company announces the launch of a chicago edition of time out in 2005 .

time out has developed its digital platforms significantly over recent years . delivering time out ' s content online has been a key part of how the brand has resonated with its audience .

malkin said : " we’re delighted to be working with time out – they’re an iconic global brand . we can’t wait to create time out labs , to continue to innovate and develop new solutions that we know will help time out users make the most of their cities . "

the group now plans to close the chicago print edition and move to a digital - only format .

in october 2015 , julio bruno was hired by time out group as its executive chairman and has since gone on to take the company public and lead as its ceo . typically companies select their leading business figures , however , for bruno ; he likes to say that he chose time out .

destination guide publisher time out has acquired events marketplace startup hallstreet – and promptly shut it down .

2002 : a partnership is formed with urltoken to add dating services to time out web site .

shares in time out were up by 2 . 13 per cent in mid - morning trading .

time out acquires events discovery and booking platform yplan for as little as £1 . 6m – techcrunch

while time out market is the world’s first editorialised gourmet food court , [ . . . ]

sources say time out market is close to finalizing a lease to move into this two - story 30 , 000 - square - foot building at fulton market and sangamon street in chicago’s fulton market district . the site , photographed june 2 , 2017 , would be used for a gourmet food hall run by time out , part of the media group that publishes time out entertainment magazines and websites .

sam joined oakley in 2015 and focuses primarily on evaluating new investment opportunities and executing transactions . during his time at oakley , sam has worked on the investment in time out markets as well as bolt - on acquisitions for educas and time out .

in 2003 , time out formed a 50 - 50 joint venture partnership with morningstar inc . founder joe mansueto to launch a chicago edition of time out magazine . each side contributed $ 4 million to the project , slated to be launched in early 2005 . time out also began developing plans to roll out time out editions in other north american markets , including los angeles , san francisco , and toronto . given the company ' s success in the new york market , time out appeared set to become an international listings leader in the new century .

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 .

' prostitutes , orgies , group sex - all of it ' : ex - wife of . . .

the chicago deal is part of an effort by time out group to expand the food hall concept beyond lisbon . time out lisbon attracted 1 . 9 million visitors in 2015 , its first full year , and 3 . 1 million in 2016 , according to filings by the publicly traded company based in london .

time out group is the leading global media and entertainment business with a content distribution network comprising digital , mobile , apps , social media and print and a physical presence via live events and time out market . using these platforms and its well - established global brand , time out seeks to inspire and enable people to make the most of a city , through curated content around food , drink , music , theatre , art , style , travel and entertainment . time out , listed on aim and headquartered in the

time out is planning to launch a paris edition ipad app , with other countries planned to follow .

1997 : time out pub & bar guide is added to the company ' s roster of publications .

time out reported its online monthly global unique users are now up year on year at seven million .

fix for the problem with retrieving things i love from time out accounts , plus other minor enhancements .

" i had left tripadvisor in boston a few months before , and i was thinking i wanted to go back to europe , for personal reasons and i was talking to a lot of different companies , " julio bruno , group ceo of time out group , explains to cnbc ' s " life hacks live " .

time out group share price rises 2 . 13 per cent as it unveils plans to buy london events company yplan , the startup backed by stephen fry , pharell williams and ashton kutcher | city a . m .

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 is to embark on a major uk expansion launching localised websites in cities including manchester and edinburgh .

one of the few places that’s been in every time out lisboa restaurant guide . [ . . . ]

time out is a trusted global brand that inspires and enables people to experience the best of the city .

time out group has bought the brand ' s chicago title for an estimated $ 4m ( £2 . 6m ) and plans to close the eight - year - old print edition and switch to a digital - only format .

its founders , hugh malkin and adam wilson , will join time out to create an innovation arm called time out labs which , the company said , will enable it to develop new products and ideas for its readers .

“the technology will further enable the company to manage transactions between consumers and businesses in - house , improving the user experience . the acquisition also brings a talented product development and technology team , with the specific know - how to drive bookings and optimise the conversion rate of time out’s audience , ” says time out group in a statement .

time out claims the london app ' s intelligent personalisation functionality learns user preferences over time to generate personalised recommendations based on their previous choices and those of similar users .

our senior group enjoyed a trip on the train to henley - in - arden , once we arrived . . .

lord rose , the former chairman of marks & spencer and chairman of britain stronger in europe , is expected to be on the board of time out group , having previously been appointed as a director of its food markets unit .

in august 2015 , time out bought likecube , a user recommendation software provider , also for an undisclosed fee .

1968 : tony elliott leads launch of time out magazine , which features listings for london cultural and entertainment events .

it has been almost a decade now since time out branded the steaks at this place [ . . . ]

a collection of the fine minds from time out towers . read more from them on twitter at @ timeoutlondon .

time out market brings together under one roof the vibe of a city : its best restaurants , bars , shops and cultural experiences , based on time out’s editorial curation . the miami south beach location is expected to have a footprint of 17 , 200 sq ft , accommodating 320 seats indoors and 120 seats outdoors . the curated mix will showcase 20 food and beverage offerings as well as a cultural space . time out group will provide tenants with the facilities , equipment and support services in exchange for a share of revenues , while bars will be directly managed by the group .

tourists and locals in lisbon , portugal , crowd time out lisbon in 2016 . the time out food hall in lisbon began in 2014 , when the company took over the 75 , 000 - square - foot mercado da ribeira and brought in several well - known chefs . time out is planning a food hall in chicago’s fulton market district .

latest revision of the unix api set formally standardized at iso / iec , ieee and the open group . adds further apis

countries including core cities such as london , new york , and paris . the group has a presence in a further 43

peter dubens is an entrepreneur , best known for founding the oakley capital group , a privately owned asset management and advisory group comprising private equity , venture capital , corporate finance and capital introduction operations , managing over us $ 1 . 1 billion .

time out appeared as a single , fold - out sheet with a print run of 5 , 000 and a price of just one shilling . the paper quickly sold out , and a second number of time out appeared just three weeks later . by the end of the year , elliott abandoned his plans to go to france and dropped out of keele university in order to devote himself to his newspaper .

grove , valerie , " media boy makes time to branch out , " sunday times , october 2 , 1998 .

the free listings magazine will start the rollout from its london base with the launch of time out manchester this week .

the network will focus on time out’s staple topics including food , drink , music , art , style and entertainment .

the appointment formed part of a strategy to focus on time out’s “three pillars” of content , programmatic advertising and video .

there are a few suckling - pig sandwiches around , but in the words of time out [ . . . ]

in may 2016 , bruno was appointed as the group ceo of time out and not long after that he successfully managed to take the business public on the london stock exchange ' s aim in june 2016 , prior to the brexit vote . before he was at time out , bruno has held a number of senior positions including working for tripadvisor , diageo and regus .

time out says it has invested in the technology and team in order to expand its own business as a “platform for discovery and enablement” , with a vision to allow visitors to time out’s portfolio of city websites to be able to book experiences .

time out’s print magazine went free in london , new york and chicago in 2012 . photograph : linda nylind for the guardian

when time out london went to a free print model in 2012 , ad revenue increased 45 percent in the first year .

the news comes as time out london was rated the most read free weekly magazine in london in an independent yougov survey .

on this , the licor beirão brand ' s second visit to the time out market , the [ . . . ]

time out further expanded in the 1990s when it began introducing a series of annual guides , such as time out film guide , launched in 1991 . other annual time out guides covered such themes as sex , drugs , and fashion . these were followed by a number of new magazines , including europe by air and pubs & bars guide , both introduced in 1997 . the company also launched a new series of time out city guides , first introduced in the early 1990s and published by penguin . meanwhile , time out magazine itself grew strongly , reaching a peak circulation of more than 104 , 000 during the decade .

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 .

kotylar also pointed out that brands must work harder to stand out because of the many tweaks and changes to social algorithms in the past year . for example , time out group—which operates entertainment and news sites for 75 cities—took the no . 2 spot on the boom list this year , in part because of facebook ' s shift to reward publishers that routinely post content to their pages .

time out group ( north west ) has been working in the wilmslow and macclesfield areas of cheshire for over 15 years . it has from the beginning been a members’ led organisation and has therefore developed in line with the interests and needs of its membership – adults with learning disabilities . each year more adults with learning disabilities contribute to improving lives with the support of time out group . together we work for greater independence , so that our members have a bigger say in what happens in their lives and increased opportunities .

time out group plc is a leading global media and entertainment business that inspires and enables people to make the most of the city . operating in 108 cities in 39 countries , it has an average global monthly audience reach of over 217 million across all platforms .

time out group is the leading global media and entertainment business that inspires and enables people to make the most of the city . operating in 108 cities , across 39 countries , it has a global monthly audience reach of over 217 million across all . . .

the time out kids brand was born in spring 2006 , an essential monthly pick - up for families either living in , having just arrived , or simply visiting the emirate , time out kids uae is parents’ one - stop source of all the information they need – from going out to eating , education to entertainment .

no one knows the city like time out because we’ve been discovering the brilliant and searching out the secret and extraordinary since 1968 . if you want to know about food , attractions , art , culture , shopping and nightlife , then time out is your social companion . with a world - class digital platform and top - quality curated content , time out connects brands and local businesses to the city . now time out market is taking that to the next stage , bringing the best of the city together under one roof enabling people to discover , book and share their experiences .

time out is said to have selected thoughtworks as the application developer because of the company’s vigorous use of agile software development methodologies .

local content will be augmented by national content from the main time out london site , such as major film and music reviews .

time out , the lifestyle and listing magazine turned international digital media business , is planning a stock market flotation later this year .

julio bruno , the former senior tripadvisor executive hired to run time out last october , would take the role of chief executive .

tying physical and digital customer footprints in 2014 , time out made its first permanent food venture in lisbon , portugal . time out market was the publisher’s first - ever food court , 75 , 000 square feet smack in the middle of mercado de riberia , the portuguese capital’s biggest fresh fish market . it attracts an average 40 , 000 people every week , according to time out .

time out’s content verticals well suited to the growing prevalence of smart phones and the opportunity to increasingly “close the loop” via ecommerce .

" my first , first job i was like 12 years old and it was in the summer . it was a summer job and i was working with the bricklayer in the village of my mother when she was born - very small village , and this was the bricklayer for the village , " julio bruno , group ceo of time out group , told cnbc ' s " life hacks live " .

as he prepared to relaunch time out , elliott faced another threat in the form of former schoolmate and virgin records tycoon richard branson . with time out ' s publication suspended , branson launched his own listings magazine , event . that magazine , however , failed to capture a readership and folded within a year . branson then offered to buy out time out with an offer to elliott of some £750 , 000 . elliott refused . before long , city lights also fell by the wayside , and time out saw its readership climb once again past its pre - strike peak of 85 , 000 .

“rolling out time out market globally is a key element of our growth strategy and i’m delighted that we have found an absolute top location with high footfall in miami south beach for our first - time market entry into the us . time out market in lisbon is incredibly successful ; it’s profitable and popular with both locals and visitors . adding porto , london and miami to this portfolio is a major milestone and proof of our ambition . the time out brand , its audience and reach are rapidly growing in the us as we expand our digital , social , mobile and print presence ; it’s the perfect moment to open time out market in miami south beach . ”

cohen , nicole , " the windy city gets a time out , " mediaweek , june 21 , 2004 , p . 10 .

rowan , david , " time out takes on the world , " evening standard , july 14 , 2004 , p . 53 .

in june 2016 , time out group was listed on london ' s aim stock exchange , raising investment to position the company for the next stage of its growth and development . it’s an exciting time as we’re transforming this iconic brand into a digital , transactional business and continue to shape the future of the city experience for both locals and visitors .

time out group plc ( aim : tmo ) , the global media and e - commerce business with food & cultural markets , is pleased to announce that it has signed a conditional lease agreement for a new time out market in miami south beach at 1601 drexel avenue , just off lincoln road . lincoln road is miami beach’s premier shopping destination . the agreement is subject to planning permission being received on the site .

oakes , chris , " time out bids adieu to paris , " international herald tribune , july 26 , 2004 , p . 9 .

" time for out with the old , and in with the new , " independent , december 22 , 1998 , p . 12 .

travel guide and magazine publisher time out has launched a new multi - city app after teaming up with london - based software developer thoughtworks .

oakley instituted a similar strategy with time out london . similar titles in chicago , los angeles and five other us locales are digital only .

time out is the leading global media and entertainment business that inspires and enables people to make the most of a city . it all started in 1968 in london , today time out is present in 108 cities across 39 countries , reaching a global monthly audience of 217 million .

yplan , the events discover and booking platform , has been acquired by publicly listed media company time out group for an initial price of £1 . 6 million — significantly less than the approximately £31 million that the london startup had raised . the acquisition is an all - stock deal too .

time out is a multi - platform media and e - commerce business with a global content distribution network comprising magazines , web , mobile apps , live events and physical markets . the time out platform serves as a guide for local food , drink , music , art , style and entertainment that seeks to inspire and enable people to experience the best of the city . the time out brand owns and operates platforms in 65

" we look forward to welcoming the highly skilled yplan employees to the time out team . together we will be stronger than ever to bring our customers the capabilities to make the most of the city and to make time out an even better place to discover , book and share . "

" i look forward to the next stage of time out chicago ' s growth as it becomes more fully integrated into its global parent . "

the team that founded time out lisboa magazine won the concession to take over part of the market ' s ground floor and its first floor .

time out dubai excels in a world of paid - for blogs and hosted reviews . we do it differently . time out dubai reviews anonymously and pays for all of its meals . nobody does it like us . and that’s why more than one million readers come to us each month .

the " time out " guide to dublin will , as usual , emphasize eating - out and nightlife as much as local history and tourist attractions . there is also advice on days out of the capital to places such as the wicklow mountains and galway . this revised edition has been completely updated .

time out magazine asked 150 experts , including nobel prize winners , authors , directors , screenwriters and actors to rank their top 10 science fiction movies .

sabbagh , dan , " time out owner will not loosen grip on the reins , " times , october 15 , 2004 , p . 59 .

steiner , rupert , " student ' s time out to print a listings guide , sunday times , june 4 , 2000 , p . 19 .

each of the dedicated city websites will have its own editor who will curate content from local experts through the launch of a time out blogger network .

in 2014 , time out lisbon editors turned a historic market hall in the city into time out market , thus creating the world’s first food and cultural market , and the first market experience rooted wholly in editorial curation . a place that previously housed the city’s top vendors now brings together the best of the city under one roof : its best restaurants , bars and cultural experiences , based on the editorial curation time out has always been known for .

fred joined oakley in 2011 and focuses primarily on deal execution and portfolio management . during his time at oakley , fred has worked on oakley’s investments in techinsights , plesk , north sails , daisy data centres and time out .

tim arthur , global chief executive of time out group , said : " this acquisition will help us to continue to expand our digital offering to a much wider audience right across the globe . we already speak to a combined worldwide audience of over 28 million people , but that ' s just the start .

at the time of its ipo in june , time out stated it would continue to invest in technology and product to grow e - commerce and expand its team of engineers . the group said today that the yplan acquisition " is in line with this strategy as it will provide the company with an advanced e - commerce platform which will accelerate and scale its existing e - commerce business " .

time out london has launched its first ipad app , which will be free " for the foreseeable future " and has an initial sponsorship deal with mastercard .

time out is the leading global media and entertainment business that inspires and enables people to make the most of a city . operating in 108 cities , across 39 countries , it has a global monthly audience reach of 242 million across all platforms . no one knows the city like time out because we’ve been discovering the brilliant and searching out the secret and extraordinary since 1968 . if you want to know about food , attractions , art , culture , shopping and nightlife , then time out is your social companion . with a world - class digital platforms and top - quality curated content , time out connects brands and local businesses to the city . we are global , and no one knows local better than we do .

lisbon ' s new food court , mercado da ribiera , is a collection of 35 shops and restaurants selling regional specialities . photograph : arlindo camacho / time out

in december , time out moved to cut about 10 % of its global workforce , 40 of 400 , as part of a strategic refocus on digital operations .

the time out portfolio of magazines , websites and guidebooks cover 37 cities , including the london print magazine and digital - only editions in los angeles and paris .

“consequently , the transaction is expected to be mildly dilutive to time out’s earnings in the current financial year and broadly neutral in 2017 , ” adds the company .

the group ' s uk print magazine has a monthly circulation of 55 , 316 according to the audit bureau of circulations , down 9 . 9 % year on year .

fast - forward to today . elliott is sitting in time out new york ’s conference room , looking every bit the aging hippie in his customary liberty shirt and black jeans . this is no longer his conference room , no longer his offices . elliott has been forced to sell much of his empire to oakley capital , a london private equity firm . he’d already given up 50 percent of time out london to oakley in the fall of 2010 , and had ceded ownership of time out chicago , his only other u . s . edition , to another investor . in may of this year , oakley bought 66 percent of time out new york .

“we have also given the time out team the tools to continue developing , meaning they will always be responding to user feedback and improving the app’s experience . it has been great working with time out , especially on an app that will be used all over the world . this was an exciting project to work on . ”

other non - executives will include christine petersen , a former chief marketing officer of the online travel business tripadvisor , and tony elliott , time out ' s founder .

time out is aiming to float the company with a valuation of more than £200m , according to sky news , which first broke news of the plans on friday .

in september 2012 time out london became a free weekly publication with the magazine being distributed to london ' s busy commuting population at london ' s underground and national rail stations . becoming a free weekly publication has allowed time out to reach more londoners than ever before , as it continues to build upon its immensely strong brand heritage .

christine brings a wealth of international experience in media , e - commerce and travel and has led global growth strategies for digital travel brands such as tripadvisor where she was president of tripadvisor for business and chief marketing officer . her expertise will be invaluable in helping time out group to leverage the growth opportunity within time out digital , as it continues to execute upon its strategy to transact with its global monthly audience of 156 million both via e - commerce and advertising solutions across the brand ' s multiple platforms .

alive ! four thai boys who made it out of cave in daring . . .

petersen refers to time out as being “the city in the pocket” of consumers , herself having been a fan of the listings site since it launched in new york . time out already has an e - commerce proposition . site visitors have been able to purchase things like tickets , offers and hotel reservations for years , but peterson thinks there is a lot of room for growth , though the company wouldn’t break out specific figures .

the app includes listings , time out critics choice picks and editorial features and is updated daily to ensure that users get the inside track on what’s happening in the capital .

at the turn of the 21st century , time out found a new means of developing its international presence . the company began licensing the time out format to local groups in a number of markets . by 2004 , the time out name was featured as weekly and monthly local language versions in such markets as istanbul , dubai , tel aviv , beijing , cyprus , athens , mumbai , and saint petersburg . elliott was highly enthusiastic about the company ' s " franchised " versions , declaring to the evening standard : " what ' s so exciting is that these guys go off and you think , ' f * * * , it ' s just like time out ! ' "

eleanor ford , likecube ' s co - founder , said : " we are delighted to see personalisation and a renewed focus on innovation at the heart of time out .

time out’s flagship london edition was relaunched as a free title in 2012 , following private equity firm oakley capital taking a 50 % stake from founder tony elliott in 2010 .

retailers contacted by the bookseller said they had not received any communication from time out about the decision to end publication of the guides , nor had the guides ' distributors .

everyone knows who you are , you get perks such as tickets to theatre events , some press nights . time out have a bar with events once a month too .

time out continued to seek new markets as it approached mid - decade . the internet became an obvious source for the group ' s development , with the launch of its first web sites dating to the mid - 1990s . the company joined with matchmaking site operator urltoken to create a dating service supplement for time out ' s urltoken site in 2002 . the company ' s internet expansion was seen as playing a crucial role in the company ' s u . k . strategy , as a new wave of competitors succeeded in nibbling away at the company ' s readership . by the end of 2004 , time out london ' s total circulation had dropped down to just over 85 , 000 .

time out group has tapped former global travel site tripadvisor business chief christine petersen to be its new non - executive board director . during her 10 years at tripadvisor she helped grow the company from a few dozen people to 2 , 500 people . the site’s traffic increased from around 8 million monthly unique users to well over 350 million , she said .

we’ve been keeping this one under our hats for a while , but the secret is finally out : time out is setting up shop in the east end . london’s very own time out market will open at 106 commercial street in the second half of 2017 . the plans include 17 restaurants , a cooking academy , four bars , a shop and an art gallery , with everything picked out , tested and tasted by people who spend all day tracking down the best and newest that london has to offer : us .

time out digital is the group ' s multi - platform media , entertainment and e - commerce business comprising online , mobile , social channels , magazines , international licensing agreements and live events . in 2016 , it delivered digital revenue growth of 39 % year - on - year , including e - commerce up 45 % and digital advertising up 36 % .

many years of enthusiasm for the business and dedication to detail have made time out an internationally renowned brand , synonymous with entertainment and events , and giving its readers the most authoritative guide to what ' s happening in their city . tony remains as passionate about time out today as he did when he brought the magazine to the world in 1968 .

time out attempted to expand as a business during the 1980s , launching a second publication , sell out , which focused on shopping . that effort met with little success and was quickly shut down . time out also came into conflict with authorities when it attempted to begin publishing advance television listings , which remained controlled by the country ' s television stations . originally thwarted by a court order in 1983 , elliott later found support from a number of other media groups , including news international , emap , ipc , the daily telegraph and the independent . as a result , time out added television listings in 1988 .

in the process , he left sore feelings in the banking community . “he’d been approached by every single bank about investing in time out , buying time out , ” the investment banker says . “he’d get very close , then he’d back away . he didn’t want to give up control or share control . he pissed off a lot of people . he wasted a lot of people’s time ; he got a lot of free advice . ”

from intimate dinners and cocktail receptions to award ceremonies , conferences , fashion - shows and large - scale events , we create consumer and industry experiences and events for itp media group brands .

tony elliott , founder and chairman of the time out empire , is not a man used to begging . but in 2008 , his company , which had already been battered by the digital revolution , was in dire straits thanks to the recession . so elliott went to his lender , lloyds banking group , hat in hand . the meeting was tense , unpleasant .

oakley initially invested in time out in 2011 when it acquired the london magazine , then united the underlying intellectual property behind the brand by subsequently acquiring its global and us interests .

oakley capital , which acquired a controlling stake in tony elliott’s 48 - year - old time out in 2010 , intends to float the company on london’s aim market in june .

so why did yplan sell for so little ? time out notes that the beleaguered startup generated a pre - tax loss of £6 . 2m in the last financial year filed .

" our first market in lisbon has been a major success story for us and , most importantly , for the city itself , " she said in an emailed statement . " so rolling out time out market in select international locations is a priority for us . "

version 3 of the single unix specification unites ieee posix , the open group and the industry efforts . linux 2 . 4 kernel released . it stocks face a hard time at the markets . the value of procurements for the unix brand exceeds $ 25 billion . aix 5l ships .

thoughtworks claimed that its use of agile makes it easier and faster for time out to deliver new cities in the future , adding that app quality and consistency will also be higher .

sky news has learnt that oakley capital , time out ' s controlling shareholder since 2011 , is drawing up plans for a flotation on london ' s junior aim market in june .

city investors are nevertheless said to have expressed significant interest in acquiring shares in a listed time out business , with the brand ' s global monthly reach now standing at 111m people .

time out lisbon began in 2014 , when the company took over the 75 , 000 - square - foot mercado da ribiera farmers market and brought in several well - known chefs .

“i love marrying something you can see , touch and feel to digital . you can walk into time out market , and the wi - fi can be sponsored by time out ; there could be all sorts of ways to signpost downloading our apps to get 10 percent off food or drinks while passing through , ” she said . “there is huge potential . ”

have you ever heard of curated burgers ? curated nigiri ? curated pizzas , sandwiches or even curated cod ? probably not . after all , time out market is the first market in the world where everything has been chosen , tasted and tested ( with four or five stars , and not one star less ) by an independent panel of city experts : time out’s own journalists and critics . more than 40 spaces with the leading representatives in all the food categories that help make lisbon what it is - and tastes - all together under one roof . find out everything you need to taste - and what time out had to say about it .

it should come as no surprise that bruno was invited back for a second and third meeting , which is when he disclosed his intentions for wanting to work for time out and once the owners found out , " of course , they loved it , " bruno told cnbc .

‘sci - fi continues to be one of the most visually creative , intellectually - challenging and boundary - pushing genres in film’ , said dave calhoun , global film editor of time out .

time out market ' s arrival would continue two trends in chicago : the rapid redevelopment of the fulton market area west of the kennedy expressway , and the rise of gourmet food halls .


mark stephen hotchin ( born 25 december 1958 ) is a new zealand property developer and financier .

he was a director of the hanover group which owned a number of finance companies including hanover finance , united finance , nationwide finance and fai finance .

the hanover group also had interests in property and was responsible for developing matarangi beach estates and golf course , and acquired completed lots at the jacks point property sub-division in queenstown .

the group also had property and finance interests in australia .

with eric watson he bought 30 per cent of elders finance in 1999 and in december that year bought it outright .

elders finance became the core of what would become hanover finance .

two years on , their other finance and investment assets ( nationwide finance , leasing solutions , elders home loans and hanover securities ) were rolled in to create hanover group with reported assets of $ 650m .

the flow on effects of the financial crisis of 2007 – 08 and nervous reaction of investors lowered overall confidence in the market and saw over 50 finance companies in new zealand fail by 2010 .

hanover applied to the trustee for a repayment freeze or moratorium rather than a receivership .

after the repayment freeze hanover prepared a debt repayment plan , offering to repay investors over a 5-year period .

as part of the plan , hotchin and watson pledged $ 96 million of assets .

these assets fell in value as property prices declined .

hotchin arranged for allied farmers to take over the failing business , but the losses overwhelmed the new owner and the business was put into liquidation in 2010 .

in december 2011 the financial markets authority ( fma ) announced that it proposed to file civil proceedings against hotchin and the other directors and promoters of hanover .

mark hotchin

mark hotchin <EOT> but for former hanover group director mark hotchin it seems a case of trading down .

mark hotchin , says " no director of hanover ever did anything knowingly wrong " .

however , mark hotchin yesterday told the herald his brother had died but would not elaborate .

mark hotchin - come and live in the world you helped create for many new zealanders .

mark hotchin ' s tv explanations had little to do with financial reality . photo / paul estcourt

the fire department burned a waiheke home that used to belong to mark hotchin to the ground .

hanover directors bruce gordon , mark hotchin , gregory muir and tipene o ' regan remained unrepentant .

a source who socialised with mark hotchin in that early period of his life said hotchin never touched cannabis " when the rest of us were right stoners .

freezing orders over mark hotchin ' s assets , which have been in limbo since 2010 , will be lifted .

they are manufacturing outrage over the burning down of a house on waiheke because it used to belong to mark hotchin .

the other defendants were mark hotchin , greg muir , bruce gordon , sir tipene o ' regan and dennis broit .

herald columnist brian gaynor was forced to apologise to mark hotchin for defaming him . the herald buried their apology to hotchin on page b12 and never put it online .

mark hotchin met eric watson at an event at the regent hotel and they struck up a friendship . photo / kenny rodger

if mark hotchin is the ace of heart ( les ) s , then fay & richwhite are the aces of spades .

the basic problem with hotchin is that he promised too much and failed to deliver . mark hotchin ' s media blitz cannot be allowed to pass without some comment and analysis .

hanover finance co - founder mark hotchin is selling two waiheke island properties to get on with other things he has to do .

judith collins addresses media after being cleared of any wrongdoing . photo / mark mitchell

turn up the heat : a hell pizza mobile billboard depicting mark hotchin and their greed pizza outside hotchin ' s multi - million dollar house under construction in auckland ' s paratai drive .

mark hotchin has pointed out that relevant disclosures were to be found in prospectus no36 on pages 55 - 61 . we regret the oversight .

former hanover finance boss mark hotchin wants a $ 7000 - a - week allowance to maintain his lifestyle on australia ' s gold coast .

news fha hanover finance deloitte failed finance companies property mark hotchin gregory muir tipene o ' regan bruce gordon eric watson dennis broit . rob everett

justice minister judith collins ' resignation was sparked by a fairfax investigation into a smear campaign by bloggers apparently backed by controversial financier mark hotchin .

a former owner of the failed hanover finance company , mark hotchin , says " no director of hanover ever did anything knowingly wrong " .

the company , which operates 150 owner - driver cars , was bought from mark hotchin at the beginning of the month for an undisclosed price .

allison said mark hotchin did not live at the property , however , which was bought as a holiday home for his former wife , lynette .

confidential settlement talks between former hanover finance boss mark hotchin and the financial markets authority ( fma ) are underway in the high court at auckland .

mr muir said the group , which is owned by multimillionaires mark hotchin and eric watson , would now focus on its property and finance activities .

mark hotchin and three other hanover directors have released a statement saying the fma wouldn ' t have won at trial . photo : brett phibbs .

there wasn ' t a history of tertiary education in the hotchin family and mark left school to work in his father ' s joinery factory . hotchin senior ' s interest in speculative property investment rubbed off .

troubled finance group hanover is accusing hell pizza of positioning a mobile billboard mocking mark hotchin outside his six - year - old daughter ' s school .

mark hotchin faces public odium for living large after the destruction of investors ' wealth that occurred in his and eric watson ' s finance company , hanover . as a director , mark is being investigated by the securities commission and the serious fraud office .

one of mark hotchin ' s current friends told the herald that while hotchin " certainly has an ego " , his financial success wasn ' t handed to him on a plate . " these guys [ mark and john ] grew up pretty tough . they didn ' t have a silver spoon in their mouth . "

mark hotchin said of his father in a 2003 interview , " dad drove things pretty hard . he instilled a strong work ethic . it plagues me sometimes . "

a multi - million dollar mansion on waiheke island that was previously owned by former hanover finance director mark hotchin will be burnt to the ground and demolished by firefighters .

but graham told the herald on sunday this week he was simply trying to turn the tide of overwhelmingly negative coverage against his client mark hotchin , former hanover boss .

bruce tichbon says it ' s wrong to see ponzi scheme victims as fools . lawyers and even finance bigwigs like hanover finance ' s mark hotchin have been caught .

this is why the public is angry and why the new zealand herald ' s front page treatment of hanover finance shareholder and director mark hotchin has proved so popular .

mark hotchin has won the right to re - argue his case to make trustees jointly liable for damages over the collapse of his finance companies , hanover and united .

the email released yesterday set out plans to discredit feeley and was sent to a " mark " .

in a 2008 post slater described hotchin as a " crook " , the same word used by sheppard that hotchin alleged was defamatory .

mark stephen hotchin was , according to a company filing , a christmas day baby . he was born in 1958 , the second of three sons to lloyd and beverley .

mark hotchin’s former holiday home has gone up in a ball of flames but the deliberate demolition was little consolation to investors who were themselves burned when his hanover empire collapsed .

jointly owned by multi - millionaires mark hotchin and eric watson , hanover is new zealand ' s largest privately owned financial services group with assets of over $ 1 billion .

the financial markets authority wouldn ' t have won at trial , said mark hotchin and three other hanover directors who have reached an $ 18 million settlement with the regulator .

investors in hanover finance have moved quickly to help the company’s former head , mark hotchin , after a herald on sunday story revealed that he was struggling in poverty in australia . a facebook page entitled “friends of mark hotchin” has already gained over 800 “likes” , and a bank account is to be opened this week for the beleaguered former financier .

members of the friends of mark hotchin group say they have a number of fundraising plans . they have approached tv3 and are in discussions with the broadcaster about a telethon .

hanover finance co - founder mark hotchin has purchased a $ 1 . 5m holiday home on waiheke island sparking fresh suggestions he is eyeing up permanent return home to new zealand .

former hanover director mark hotchin has fought to have guardian trust included in the fma ' s civil case against him and five others associated with the finance group . photo / brett phibbs

hanover finance co - owner eric watson is still in the frame of a securities commission investigation that this week invoked unprecedented powers to freeze the assets of his business partner mark hotchin .

this being the first day of june , 2012 , i am simply publishing a piece i first penned december , 2011 , to mark the then first twelve months of ex - finance company director mark hotchin ' s asset freeze , not only without trial , but without a charge having been laid . nothing has changed from when i wrote this ; hotchin now enters his

mark hotchin may be about to return to live in auckland . interests linked to the former hanover co - director and co - owner paid $ 8 million for a landmark remuera mansion .

the real reason behind judith collins’ demise justice minister judith collins’ resignation was sparked by a sunday star - times investigation into a smear campaign by bloggers apparently backed by controversial financier mark hotchin .

iris smythe is one of the people behind the campaign to help hotchin . she said the way hotchin had been forced to suffer was a outrage .

he will find that respected judge lester chisholm completely exonerated mark hotchin from paying anyone to attack the sfo . parker’s dreaming when he makes baseless allegations from imaginary friends he may have at the sfo .

it is notworthy that john’s brother mark hotchin was recently granted high profile exposure on public television in a primetime tv3 interview to share with the public how much he is suffering in terms of material deprivation etc . following the collapse of hanover finance , that also left $ 13 , 000 investors out of pocket . mark hotchin was director at the time of its collapse and eric watson its owner .

it ' s no longer jack ' s point , it ' s eric & mark ' s point now . . lol

former hanover finance principal mark hotchin can try to force the failed lender ' s former trustee guardian trust to contribute to an $ 18 million settlement after winning his appeal in a split supreme court decision .

auckland ' s most expensive house , the seven - bedroom mansion on exclusive paritai drive partly financed by former hanover finance director mark hotchin , has been sold to businessman deyi shi for $ 39 million .

we have now seen labour’s dirty politics tactics in actions with the brazen coward david parker standing in the general debate yesterday and outrageously smearing and defaming mark hotchin , carrick graham , cathy odgers and myself .

hotchin is fair game however reference to his wife or children is morally reprehensible .

well written comment bernard , hotchin was corrupt and headed a giant ponzi scheme .

i don’t see any advantage to collins to side with hotchin to undermine feeley .

" mark started doing two or three a year and made a bit of a margin and thought ' why don ' t i do 20 or 30 a year , or as many as i can find ' , " says mark ' s friend .

shareholder support package the documents also disclose that hanover ' s shareholders , mark hotchin and eric watson , $ 96 million support package agreed to in the moratorium proposal has actually ended up with a lower value .

at the end of last night ' s interview , journalist mark sainsbury read out feedback from some readers who suggested the appearance was a public relations stunt and mr hotchin ' s remorse wasn ' t genuine .

ms collins resigned from cabinet in august after an email was revealed in which her name was linked to a smear campaign against mr feeley run by mr slater and other parties linked to former hanover director mark hotchin .

pascoe recalls the young mark hotchin as energetic , hospitable and industrious . in his early 20s he would buy and do up old houses for resale . " i remember visiting him when he and john were living in one such house in campbell rd , one tree hill , about the time mark ' s girlfriend gave birth to his daughter . "

hotchin blames allied farmers for hanover ' s problems and refuses to accept responsibility himself .

the pair are negotiating to buy wellington corporate cabs , also owned by mr hotchin .

qv lists hotchin as owner of 50 ohinerau st in remuera , with lynne pamela hotchin and jillian allison . it has a current council valuation of $ 1 . 4m .

see the full statement from hotchin , gordon , muir and o ' regan below .

mark hotchin ' s friend says he is a good bloke to socialise with . " on a personal level he ' s very good with people , loyal to his mates and not pretentious in any shape or form .

two weeks ago the press council busted the nz herald and david ‘tainted’ fisher for making stuff up . the herald and brian gaynor also had to apologise to mark hotchin for defamatory comments made in their articles about him ,

principal mark hotchin ' s assets have been frozen since december 2010 by the fma ' s predecessor , the securities commission , including the proceeds from his multi - million dollar mansion on auckland ' s exclusive paritai drive .

an inquiry into judith collins ' downfall is poised to investigate links between former hanover boss mark hotchin and right - wing bloggers who waged a smear campaign against ex - serious fraud office ( sfo ) chief executive adam feeley .

stupidity is relative . like you voting to approve the sale go forward rather than to tip hanover into receivership - gifting mark hotchin and eric watson a houdini like exit strategy . take some responsibility snowflake . actions have consequences .

all the financier’s men threatened by litigation , his business in tatters , former hanover finance boss mark hotchin appeared to back a public relations campaign aiming to discredit criminal investigations into his company and attack personal enemies , documents suggest .

the dissenting judges , justices terence arnold and mark o ' regan , agreed hotchin would have to accept liability in pursuing a claim against guardian trust , but disagreed damages caused by the trustee was equal to that of the directors .

kiwi in europe just to help you understand it in the most simplest way . . mark & eric are wearing different hats ( entities ) . . mark + eric = axis properties & hanover . . . right ? ? hope this helps you out coz u sound very confused .

mark hotchin had sought to make trustees guardian trust and perpetual trust jointly responsible for paying any compensation , alleging they would have breached their duties to investors if the directors were found at fault - but later abandoned his claim against perpetual .

today ' s report also reveals key figures in the inquiry into ms collins tried to suspend the probe , given the possibility of a criminal investigation into the aggressive public relations strategy employed on behalf of former hanover finance boss mark hotchin .

jacks point may be a very nice piece of land , but sadly same old names keep popping up when ever an investor has lost out , and those names are mark hotchin , eric watson and handover ( also axis properties ) . whenever you hear those names , look for your wallet and make certain it is shut . they have a way of parting investors from their money and turning the investors equity into their ( mark and erics ) equity . and for the investors trouble mark and eric give you their debts .

mark had been pretty successful to be able to have the equity to [ set up ] hanover , to buy the assets from elders . "

you better watch out ! you better not cry ! you better hold on 2 ya cash coz mark n eric r coming 2 town . .

what a disappointment that she’s apparently so two - faced , as her mercenary involvement in carrick graham’s protracted ‘hit jobs’ on behalf of mark hotchin appear to indicate . but more to the point : does it look like she was deceiving us ?

hanover finance director mark hotchin attended a meeting of the company’s investors yesterday , and spoke about how the company’s plight had affected him personally . emotional and struggling to hold back tears , hotchin told the gathered investors about the pain he felt . “the recession has left me financially devastated , ” he explained . “i feel your pain . i…

the hotchin property in paritai drive reportedly cost $ 43 million to build . photo / brett phibbs

nbr understands both mr watson and mr hotchin are on the serious fraud office border alert list .

group co - founder denis sheridan said he hoped they could help hotchin and others like him .

and former hanover boss mark hotchin , despite his offer to talk from overseas via video link , was also not interviewed . at the time of the email the sfo was investigating hanover , and the investigation was eventually dropped with no charges laid .

mark hotchin credits as having given him " a leg - up " on the wealth ladder a st heliers property called regency court . he bought it 1991 in a distressed sale for $ 6 million , completed it and sold it for $ 10 million .

watson and hotchin companies took $ 117 . 8 million out of hanover finance in related party loans .

gapes , a former close friend of hotchin , was also among the victims of the smear campaign .

i read your article re hotchin et al with great interest and very much agree with your sentiments .

lloyd hotchin ' s death notice , published in the herald in november 2005 , said in part , " lloyd , darling husband and best friend for 50 years , of beverley , and beloved father and mentor to mark , john and lost son paul . "

rod pascoe , a friend of john hotchin in their younger days , recalls that mark was rescued by his father when his first business , a sports goods store , got into financial trouble . " lloyd helped mark out financially , " says pascoe . " our group of mates were very impressed that lloyd would help his boy in this way rather than let him get a bad credit rating with a business failure . "

justice glazebrook said she would have let costs where they lie " given the formidable obstacles to mr hotchin ultimately succeeding " , but chief justice elias and justice young awarded them to hotchin because of his success .

it was also sent to a " carrick " - carrick graham who was representing hotchin at the time .

since the demise of hanover in 2008 , hotchin , 57 , has lived mostly in australia and hawaii .

no wonder people welcome the inconvenience and embarassment being visited on mr hotchin by a reporter and a photographer .

" freezing orders over hotchin ' s assets will also be lifted as a result of the settlement . "

the home is owned by a family trust , which mr hotchin said he was unable to talk about .

soon after the release of dirty politics , odgers ' employer confirmed she was no longer working for them " by mutual consent " . mark hotchin allegedly paid odgers to run a smear campaign against the head of the serious fraud office and the financial markets authority , while hotchin was being investigated by said authorities . this led to the minister of justice judith collins losing her job .

quite right , mark hotchin ' s not the only one - so let ' s leave him be . just like osama bin laden isn ' t the only terrorist in the world and jeff dahmer isn ' t the first guy to eat his victims after killing them .

mark hotchin puts a lot of effort into fitness but is also a smoker . the herald understands he gave instructions that a house ( not yet built ) for his property on boatshed bay , waiheke island , be designed to give him sheltered outdoor smoking spots whatever the wind direction .

paul lloyd hotchin would now be 53 . his family has not heard a word from him in at least 30 years . lloyd hotchin died without discovering what became of his eldest son , a friend of the father says .

it is also illusory for hotchin to claim that for every $ 1 that went out $ 2 went in .

the fma’s asset preservation orders over the assets of mr hotchin have been lifted as a result of the settlement .

carrick graham issued a statement this afternoon , saying mr chisholm ' s report had exonerated his client mr hotchin .

funny , ron mark said this was a bad choice now he is minister rubber stamps the buy . in the end it is the public service that runs the . . .

when you engineer a scheme with highly questionable ethics and self serving outcomes you never plan to get caught . mark i believe you - ' this was never the plan ' .

people close to hotchin say while his new zealand assets are frozen , he still has access to money in australia .

in november , hotchin family trust ka no 3 bought 74 korora rd , oneroa , for $ 3 . 4m .

hotchin and watson et al are the poster children for a morally empty society that venerates material wealth over other values .

hotchin ' s assets and a related trust are in limbo , with freezing orders issued in 2010 remaining in force .

however a majority verdict of the supreme court in wellington has warned there are " formidable obstacles " to hotchin succeeding .

the korora rd property that the hotchin family trust has purchased for $ 3 . 4 million . photo / dean purcell

david parker is running his mouth in places he shouldn’t with an outrageous name check and then smear in the house against cactus kate , carrick graham , mark hotchin and myself . this has to be a joke from a man who has integrity so low he ran off with his sick mates missus .

mr hotchin said in a statement through his lawyers that : “as the matter is before the court , and the investigation is said to be incomplete , hanover and mr hotchin do not propose to make any further comment at this time . ”

made first fortune in office supplies . branched into retail mid - 1990s when he bought large new zealand bookseller whitcoulls . with mark hotchin ( see ) , co - owns privately held hanover group financial services firm . lives in london . also owns a stake in new zealand warriors , a professional rugby team .

news that hanover finance’s mark hotchin is struggling to find the money to pay contractors to finish his $ 50 million palace has galvanised the orakei community into action . last week a team of volunteers went onto the property to help with the landscaping and building work . and on saturday morning jim mora and the crew…

you deliberately miss my point again , pragma . which is that hotchin was not , repeat , not , my point .

as hotchin accepted , however , he would need to prove at trial that he is liable in tort to the investors .

the emails indicate the campaign was orchestrated by hotchin ' s then spokesman carrick graham , a pr consultant and tobacco lobbyist .

more substantive previous tweets by @ whaledump have led to new questions about the actions of various players in nicky hager ' s dirty politics , including mr slater , ex - justice minister judith collins , mark hotchin , former pm staffer jason ede , food & grocery council ceo katherine rich and pr operator carrick graham .

so after the serious fraud office can find no case to make mark hotchin answer , yet another government department , the draconian financial markets authority ( fma ) can in a yet to be held civil case , keep this individual’s assets frozen for five years without trial . justice this slow is not justice at all .

so get stuffed mark and grow up son . own up to your responsibilities and repay every cent that have available to repay investors - then and only then will people have respect for you .

her friend myra zhang , 63 , lost her savings when hanover finance collapsed . she once owned a house in a good auckland suburb , but now lives with her son in a small two - bedroom unit . her health is poor and she cannot work , and she spends most of her time thinking about mark hotchin .

after the collapse new zealand properties owned by john hotchin and his brother mark hotchin , both co - founders of nathans finance and vtl group , “appear to have been sold in early 2008 . one , a substantial remuera residence , was sold to former auckland mayor john banks for $ 3 . 4m . a beachfront house at pauanui sold for $ 2 . 7m – a healthy gain on the $ 1 . 9m the hotchins paid in 2004 . ”

the hotchin boys grew up in mangere across the road from the kirwans , whose son john found fame with the all blacks .

hotchin appears to have also attended st paul ' s college which lists him among its alumni as having done well in business .

" it was obvious i was someone hotchin was worried about when he was being investigated by the sfo , " said gapes .

the house , at 46a matapana road in boatshed bay , was previously owned by hotchin through a trust known as ka 3 .

mr hotchin last night claimed that allied farmers , which took on hanover ' s debt , had wrecked it and wasted it .

mark hotchin , the former hanover finance boss who told the high court in february he could not live on $ 1000 a week , has hired top defamation lawyer julian miles qc to sue the new zealand herald and business columnist brian gaynor for a series of stories published over the past two - and - a - half years .

“building a vast mansion even as the company you operate is collapsing all around you… well , that could happen to anyone . ” investors in hanover finance have moved quickly to help the company’s former head , mark hotchin , after a herald on sunday story revealed that he was struggling in poverty in australia . a facebook page entitled “friends…

the settlement comes after the fma filed civil proceedings against directors and promoters of hanover including former owners mark hotchin and eric watson in april 2012 . the proceedings covered a period when investments and reinvestments in hanover totalled $ 35 million . the former directors have not admitted any liability . watson is not contributing any money toward the settlement .

thus watson , hotchin and their associated companies took out $ 163 . 3 million and put in $ 68 . 5 million during this period , a far cry from hotchin ' s claim that they put in $ 2 for every $ 1 they took out .

at the same time , a hawaiian mansion owned by a trust associated with hotchin has reportedly been on the market for $ 16m .

hotchin and other hanover directors in 2015 paid $ 18 million to settle a civil claim brought against them by the financial markets authority .

mr hotchin and mr watson are also co - owners of ohl , formerly hanover overseas , owns several tracts of forestry in northland .

i wonder if we should be heaping all this opprobrium and vitriol upon mr hotchin without giving some thought as to the possible consequences .

" if say mark hotchin was to approach me for work i would charge absolutely heaps because a ) he has heaps of coin , b ) he has a reputation worse than a tobacco company and c ) because he can , " slater wrote . he has previously denied accusations of cash - for - comment by saying all his published articles are honestly - held beliefs . but a review of whaleoil posts mentioning hotchin finds a marked change in opinion about the hanover boss .

the directors of the hanover finance companies ( hfl , hcl and ufl ) are mark hotchin , gregory muir , tipene o ' regan , and bruce gordon . the directors of hanover group ltd ( hgl ) , which the fma alleges was a promoter of offers made by the three hanover finance companies , were eric watson and dennis broit .

nothing attracted vitriol to my old blog life behind the iron drape more than the pieces i wrote on mark hotchin and allan hubbard ( no relation ) . i may soon put them up again here , over december . for the coming one year anniversary i ' m writing of is the freeze that was put on mark hotchin ' s assets over december , 2010 . i have no idea whether hotchin will be found wanting in respect of the laws of new zealand , but he has now had his life frozen by the state for a year and not only has never been given the chance to defend himself in court , he ' s still not had a single charge laid against him . to me , this denotes a state with far more power than i ' m comfortable with , and no justice for the individual of mark hotchin , no matter what you think of him . the champagne thieving bureaucrats at the sfo need to charge hotchin , or not , and give him his day in court ( and unlike mr hubbard , don ' t make him have to sue to use his own money to defend himself ) . this isn ' t putin ' s russia , is it ? it ' s new zealand . perhaps the difference is far less than we would all like to think .

hotchin and watson stand accused of taking millions of dollars out in dividends and borrowing from hanover for their own property developments and joint ventures .

the herald on sunday has learned that interests associated with hotchin recently bought the luxury ash hurst mansion on the suburb ' s northern slopes .

ms brown confirmed the order was sought over concerns assets might be appropriated abroad were civil or criminal action to be brought against mr hotchin .

" i always had a lot of time for mark . even when he got hugely wealthy , he didn ' t shun mates and acquaintances from the past or pretend he didn ' t see them at events . "

in other words hotchin has come out of hiding to tell us that allied farmers created the mess while accepting no responsibility for the debacle himself .

the broad strategy adopted by the trio was outlined by graham in an email to hotchin and former hanover chief executive kerry finnigan in december 2011 .

accountant bruce sheppard , a hanover critic , said hotchin had been spotted on waiheke island and in auckland ' s eastern suburbs in recent months .

hotchin and five others associated with hanover companies are being sued by the financial markets authority for allegedly misleading or untrue statements in finance company prospectuses .

but fairfax did have a large tranche of emails that inform an in - depth investigation revealing hotchin ' s apparent backing for the smear campaign .

he said mr hotchin had been the subject of numerous defamatory or misleading media reports , and his organisation facilitate communications had worked to address this .

smythe said she planned to donate what little she had left . she said she hoped the cash would help hotchin enjoy a better life abroad .

ironically , watson probably didn ' t know what was going on ( doesn ' t mean he ' s less reponsible ) and didn ' t get to share in all mark ' s little side deals if these were happening .

he considered hotchin to be more conservative than watson . " eric just wants leverage . he ' s always talking about how he can raise capital .

the emails were sent at the same time as the former shareholders ' association president was involved in defamation against hotchin and fellow hanover boss eric watson .

hell put the face of mr hotchin , hanover ' s co - founder , on a billboard next to the word greed , the name of one of its pizzas . this week it drove the billboard around auckland and parked it outside the $ 30 million home that mr hotchin is having built .

two exclusive waiheke island properties owned by the ka no . 4 trustee , a family trust associated with hotchin , have also come on the market .

" we don ' t have to justify where we get our money or what it ' s spent on , to anyone . " - amanda hotchin

but the fma did not have any such orders over any trusts associated with hotchin , and therefore could not intervene in any purchases by the trusts .

an order , granted to the securities commission in december , froze mr hotchin ' s assets and gave him $ 1000 a week to live on .

r . mcleod - the real issue is whether hotchin committed fraud or not . the premium hanover offered was hardly sufficient to take that particular risk .

serioulsy , is mark hotchin the real bad guy ? is he the only one guilty of bad investment decisions ? if he is smart enough to protect his assets via a trust , good on him ! he was in a risky industry , and poeple invested in the upside . the issue is not hochin or hannover but why so many invested in such risky assets . . . .

hotchin and five others , including watson , will face a high court trial next year after they pleaded not guilty to civil charges brought by the fma .

in march , the five supreme court judges were told hotchin had abandoned his claim against perpetual trust after reaching a settlement , leaving only guardian trust remaining .

hotchin ' s lawyer , nathan gedye , qc , said he had yet to read the judgment or speak to his client to discuss the next steps .

" we do not believe the fma would have succeeded at trial , " a statement issued by hotchin , muir , gordon and o ' regan said .

it was hotchin ' s flagship development and a plaque to his late father , lloyd , was installed next to the first green , overlooking the water .

i remember reading the endless posts on cactus kate about how hard hotchin was being done by , and at the time thinking how tiresome it was getting .

what fran o’sullivan and matt nippert do not realise is that cactus kate has already answered this in the inquiry even though it is beyond the terms of reference of the inquiry . they would like to think that mark hotchin ( completely exonerated in the chisholm report ) paid to “stitch up” not only adam feeley but a serious charge of influencing a witness . he did no such thing . read more »

watson said this week he was not aware hotchin had any plans to return to new zealand , but added it was not something he would expect to know .

it ' s not surprising that hotchin tries to hide behind his family . he did it with the hell pizza ads , he ' s doing it now .

some of you will have heard of madoff ( cleans out $ us50b in ponzi scam ) , fuld ( lehman bros ceo , watches over one of the largest corporate failures ) , well on a population basis mark and eric are right up there .

hotchin ' s wife is just as culpable as hotchin for lavishly spending all that money they conned . his kids are spoilt brats - and , like most spoilt rich kids , they ' ll join " a band " and " go travelling " as their career - financed by the inheritance taken from a more needy family .

as former managing director of hanover finance , hotchin was at the time under investigation from the sfo and fma for his role in the failure of hanover in 2008 .

hanover and its sister , united finance , owned by hotchin and business partner eric watson , collapsed in july 2008 owing $ 553 million to 17 , 630 investors .

action could go global the hanover pair have in recent years lived mostly abroad – mr watson in the uk , and mr hotchin in hawaii , italy and australia .

the herald has well and truly lowered itself to the gutter . i thought it was a shameless piece of journalism . this in no way is to defend hotchin .

the court of appeal had previously ruled against hotchin , saying the trustees had different responsibilities from hanover ' s principals and could not be held liable for their fault .

all posts copyright mark hubbard and life behind the iron drape . contents may be reproduced without permission provided credit is given to the author , it is not altered in any way , the context is made clear and a link is provided to the original .

working within tightly prescribed terms of reference , justice chisholm inquired into the sleazy , dishonest ‘destabilisation’ scheme which saw dirty pr operator carrick graham apparently engage slater and fellow attack blogger cathy odgers / cactus kate to publish smears against financial regulators and investigators on behalf of hanover finance director mark hotchin . they were ‘working for’ graham , chisholm finds . apparently some journalists were ( witting or unwitting ) pawns in that dirty campaign . shame .

image 13 of 20 : justice minister judith collins during her stand - up press conference where she revealed she had dinner with the head of oravida while in china last year . photographed at parliament , wellington . 12 march 2014 new zealand herald photograph by mark mitchell

hotchin appealed against the freezing orders ; three months later chief high court judge helen winkelmann has yet to rule on the matter . nor have the regulators completed their investigations .

hotchin purchased the two - bedroom , 190sqm home with " magnificent sea views " overlooking sandy bay with his former wife lynette and jillian allison , according to property records .

on top of this around 10 , 000 hours of fma staff time was spent on the case and on the asset freeze proceedings against hotchin and entities associated with him .

we all know that if hotchin returned every penny , that had been invested , people woudl still want their dividends . . . the perfect storm of greed and stupidity !

articles entitled " hanover house of cards doomed to fail " dated 6 march 2010 and " mark hotchin : the man behind the money " dated 19 february 2011 asserted that hanover declared dividends out of non - cash profits , and an article entitled " brian gaynor : message to hotchin - own up or shut up " asserted that those dividend payments should not have been made . the first two of these articles also asserted that hanover was , in effect , operated like a ponzi scheme . the herald acknowledges that hanover was not a ponzi scheme , and that mr hotchin did not act illegally in receiving dividends from hanover , and apologises if any readers took those messages from these articles . the main purpose of all of these articles was to call for greater regulation of the finance industry .

the main item in the $ 76 million was the transfer of property companies from hotchin and watson to hanover for $ 40 million as part of the december 2008 moratorium proposal .

hotchin : " because they went back in , it was liquidity , every dollar that went out two dollars was going back in , so it was actually creating liquidity . "

hotchin : " yes although in part it ' s about liquidity as well , so if we hadn ' t paid that money , those debts would have stayed higher . "

the settlement was reached with no admission of liability , and in a statement hotchin and three other directors said the fma would never have won had the case gone to trial .

these trusts , a series of numbered companies beginning with ka no . 1 trustee , own property connected with mr hotchin including his half - built $ 30m paratai drive mansion .

belinda moffat , from the financial markets authority , said hotchin ' s personal assets remained frozen as it continued to have asset preservation orders granted by the high court over these .

" mark came to realise that if he owned the finance company , he could control all angles , " says the friend . " at a time when the price of assets [ property ] was going up because anyone could get credit , it was easy money . "

the picture of a sneering , snarling hotchin telling them to leave him alone will , i hope , been seen as the photo of the year . it captures the man perfectly .

i have no sympathy for hotchin but the reality is that he has been charged with no crime and the action against him in freezing his assets is no more than a sc / govt publicity stunt aimed to show their detractors that it was not sitting idly by in not taking any action aginst these people while putting an old man into statutory management . at least the actions against hotchin appear to be legal but one has to question the fairness of that law . as mentioned previously it is very effective and limits both hotchin and hubbard ' s right to natural justice i . e . inablility to pay for legal representation although i do note that this does not seem to be a issue for mr hotchin at this time .

i am not a fan of some of the contributors to the nz herald but the fervour with which they have hunted and hounded hotchin must surely give the investors some small satisfaction .

“hotchin and his business partner eric watson should be booed by the crowd at mt smart stadium if he ever dares to return home to watch the warriors play on home turf . ”

in one email , odgers said : " remind him [ hotchin ] he pays cam n i to f - - - w fma so he can focus on important things . "

this column - run without disclosure that odgers was allegedly being paid at the time by hotchin and described by her in emails as a " hit " - is now heavy with irony .

last year , hotchin ' s former holiday home went up in a ball of flames but the deliberate demolition was little consolation to investors who were themselves burned when his hanover empire collapsed .

in 2013 auckland ' s most expensive house , a seven - bedroom mansion on exclusive paritai dr , which was partly financed by hotchin , sold to businessman deyi shi for $ 39m .

hotchin was among a group of six directors who in 2015 reached an $ 18m settlement with the financial markets authority which had filed civil proceedings alleging untrue statements in certain hanover offer documents .

the judge also noted hotchin ' s " very strong public statements " rejecting any liability when reaching a deal with the fma , which he said wouldn ' t affect the contribution claim .

undeterred by this business - like ‘rebuff’ , businessday has accessed hotchin’s us property records to dig deeper . it notes justice lang’s comments in court at sentencing that hotchin owned no assets , other than a house in america , which secured loans exceeding its value . he added : “it is virtually inevitable … . that at 51 years of age you will be declared bankrupt . ”

hotchin and five other directors and promoters of the failed finance company are being sued by the fma , which alleges they were responsible for false statements that led to major losses for investors .

in a parallel legal battle that has gone all the way to the supreme court , hotchin is also attempting to make trustees jointly liable for any damages that result from the civil lawsuit .

fran , is there any chance you could interview mr hotchin i am sure you would ask a better quality question . also it would be interesting to get him and his brother together .

“when jim died i had to borrow money off my daughters just to pay the funeral bill . but hotchin can’t even afford the money for a personal trainer . the poor man . ”

i am not saying that means every individual action with regards to the sharing of information was wise or appropriate . some clearly was not . but it was not a conspiracy or a concerted effort . one could have published a breathless book on how the nz herald conspired with agents of mark hotchin to attack the head of the sfo , and demand a commission of inquiry into the nz herald – if you were to take the least benign interpretation of the e - mails .

ok . . so , i ' m not a mark hotchin fan given the deplorable and frankly immoral , ' sharp - practice ' that hanover interests appear to have indulged in over the last few years . however , i am christian so i do hope that your readers have banded together at this festive time and recognized a family in need of a food parcel or two ! ! ( tongue in cheek ) . i do hope that a parcel gets deposited onto his expensive australian doorstep ( and photographed there ) given that he is likely to remain at his ( luxurious ) premises for a while . sad to think that his trusty ( mercedes and porsche ) steads are unlikely to follow him over there ! merry christmas mark - we all follow your story with interest !

actually , come to think of it , all this emotion about hotchin applies equally to hubbard . in fact hubbard is probably worse , with all his timaru ( yes - men ) cronies . at least hotchin brought in an independent board . the reality is look at the litany of failed finance companies . the property boom went bust , the finance companies followed . that simple .

the basic problem with hotchin is that he promised too much and failed to deliver . but he blames everyone else for hanover ' s problems and continues to paint himself as a white knight .

this was purported to be an injection of $ 40 million because hanover did not have to pay watson and hotchin the $ 40 million until all of principal repayments to secured depositors were repaid .

last year , hotchin won the right to pursue new zealand guardian trust for a contribution to the settlement , so long as he accepted he would need to prove he was liable to investors .

meanwhile the wheels of justice turn , albeit slowly . the unprecedented decision by the securities commission to freeze hotchin ' s assets is welcome . as is the serioud fraud investigation into his affairs .

it ' s karma of a sort . i ' m sure hotchin and his mates would set a lot more than a herald cameraman onto people who owed his company a few thousand dollars .

i just hope that we don ' t let up on hotchin , but i also hope that the focus on him doesn ' t allow the behaviour of others to slide under the radar .

george craddock , of waihi , said news of the waiheke island purchase left a sour taste . the herald on sunday could not contact hotchin for comment . his accountants said he was overseas .

the four directors - hotchin , bruce gordon , gregory muir and tipene o ' regan - also said the failed finance company had " excellent reporting systems and high quality management and governance " .

graham emailed slater and odgers in may 2011 , including snippets of material from hotchin ' s defamation claim against sheppard and complaints sheppard had made about hanover to regulators obtained under the official information act .