LUXURY store group Selfridges is on the brink of scrapping its plan to build a new high-end shop in Glasgow, almost 11 years after announcing plans to arrive north of the Border.
The group looks set to lose more than £10 million on the sale of its planned store site on the fringes of the Merchant City in Glasgow.
Selfridges, second only to Harrods in the pecking order of London shopping aristocracy, is close to reaching a deal with property fund manager Frogmore to sell the mainly derelict site where it had planned to set up shop.
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