Manchester-based etailer Boohoo is expected to grow by 50% this year, putting it on track to hit a turnover of £1bn by 2020.
Sales in the year to February at the business were £295m and profits were £31m.
Boohoo’s new acquisitions, Pretty Little Thing and US brand Nasty Gal, will help drive growth, according to John Stevenson of stockbroker Peel Hunt.