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Westons net £38.5m as Selfridges sales rise

Selfridges-owner Galen Weston and his family were paid a £38.5m dividend after annual sales at the department store chain reached record highs.

Operating profit at Selfridges jumped 18% year on year to £180m in the year to 28 January, while sales grew by 16% to £1.6bn.

The retailer paid the dividend – which was almost triple the amount of the previous year, The Mail on Sunday reported – following growth across all categories and increased traffic online and in stores.

The Westons bought Selfridges in 2003. 

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