Restaurants

Electra confirms plans to demerge Fridays

The firm revealed a 16-week trading update that saw the Hostmore brands report like-for-like growth of 11.8% above 2019 levels

Electra Private Equity has confirmed plans to demerge its Fridays and 63rd+1st brands under a new parent company, Hostmore.

The firm had previously announced plans to demerge the brands earlier this year.

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