Selfridges losses double despite sales hike

Selfridges losses more than doubled in its latest annual results, despite witnessing a sales hike.
Filings for Cambridge Retail Group Holding, which is owned by Central Group and Saudi Arabia’s Public Investment Fund, showed pre-tax loss hit £340m for the year to 3 February, compared to £126m losses the year prior.
However, sales soared 95% to £1.6bn for the company, partly due to a rise in its finance bill including interest paid on borrowings.
The parent company said it