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N+1 Singer note out this morning: Our site visit with investors to Manchester HQ and Burnley DC highlighted very clearly management’s growth ambitions for the Boohoo brand and the expansion plans being implemented. The next major phase of warehouse expansion will increase sales capacity to £0.8bn (4x FY16 sales) and this will likely provide the headroom until FY24. Expansion will likely include the acquisition of PLT too though. This will shorten the time horizon for reaching capacity on the expansion timetable but EPS accretion could be 10-15% including sav..." taken from Research Tree
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