Boohoo has said it is seeing “early rewards” after snapping up Debenhams and three Arcadia brands in rescue deals as it unveiled strong trading for the past year.
The online fashion giant reported a 41% surge in revenues as it benefited from the online shopping boom during lockdown.
The retailer said revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion the previous year.
It told shareholders on Wednesday morning that pre-tax profits lifted by 35% to £124.7 million as it was boosted by the sales increase.
The group said it was helped by the “successful integration” of the Oasis and Warehouse brands it bought out of administration last year.