Selfridges set for profits boost

AOL Money Staff
Selfridges
Selfridges

Department store Selfridges is set to report a surge in profits this week after its strategy of mixing luxury brands with the cheapest on the high street paid off.

The company, owned by billionaire Galen Weston, will report a 19% lift in profits to £127 million as sales at its stores in London, Manchester and Birmingham rose 11% to £950 million for the 12 months to January.