Department store chain Selfridges has rung up its highest profits in its 105-year history as a result of its conned push into the luxury market.
The retailer, which is owned by Canada’s Weston family, reported operating profits of £150m for the year to December 2013, up 12.3%. Sales increased by 10.4% to £1.2bn.
The chain is accelerating it investment in its online business and continuing with the £300m redevelopment of its flagship Oxford Street store.
Daily Telegraph Business, 3
