Miss Selfridge losses balloon as sales slump

Miss Selfridge London

Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.

The retailer, which is part of Sir Philip Green’s Arcadia group, said pre-tax losses more than quadrupled to £17.5m in the year to September 1, 2018, compared to £4.3m the previous year.

Miss Selfridge’s total sales tumbled 15% to £102m.

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