Fads saviour Strategic Retail set to make its AIM debut next week

Corporate turnaround vehicle Strategic Retail, which recently rescued home furnishings chain Fads from administration, expects to make its debut on AIM next Friday.

The new company, which boasts former Fads administrator David Mond as a non-executive director, will be a shell for further acquisitions and investments.

Strategic Retail executive director Roy Gabbe said the listing would put Fads 'in good stead' for the future.

'Our goals now are to trade and grow Fads and find new targets for the same treatment - even those being discouraged from seeking admission to AIM because of difficulties in raising finance in the present climate.'