Selfridges reports profit gain; CEO sees benefits of renovation

Selfridges PLC posted an improvement in its pretax profits for the first-half of 1999. The company, benefiting from a seven-year refurbishment of its London flagship store, posted 8.3 million pound sterling (12.8 million euros) in pretax profits for the six-month period ending on July 31, 1999. During the same period in 1998, Selfridges posted 1.9 million pound sterling in pretax profits.