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Selfridges sees 19% rise in pre-tax profits

Department store chain Selfridges has reported a 19% rise in pre-tax profits to £65.7m over the year to January 30.

The four-strong chain, famous for its iconic London store on Oxford Street, saw sales rise by 6% to £424m compared to the previous year, according to The Daily Telegraph. In accounts filed to Companies House, the retailer said it paid an interim dividend of £25m but no final dividend.

The filing also showed that Selfridges donated £30,000 to the Conservative Party and £10,000 to the Labour Party over the year, and paid out €3m (£2.6m) in redundancy costs for Brown Thomas, the Dublin department store owned by Galen Weston, the Canadian billionaire that also owns Selfridges.

Selfridges also has a store in Birmingham and a further two in Manchester.

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