Pedder in hunt to buy another retail business

Former Robert Dyas chairman Roger Pedder hopes to snap up another retail company.

Pedder, also chairman of Clark's, has reunited the team that turned around Dyas's fortunes prior to its sale in March this year. He, along with former finance director Malcolm Smart, sales and marketing director Stewart Rand and chief executive Brent Wilkinson, want to repeat their success at another company.

'We are working together, looking for projects that people are interested in selling,' said Pedder. 'We haven't established a timescale; it really depends on what is available and when something comes up.'

He said that because the team had experience in several retail sectors, all types of businesses would be considered.