Boohoo.com gears up for 500 million pounds float

British online fashion retailer Boohoo.com is expected to go public in a 500 million

pounds float in March. The Manchester-based business has reported a 3.2 million pounds profit on 67 million pounds turnover for the year ending February 2013.

The founders of Boohoo.com are expected to announce plans to list shares on the stock exchange in the next fortnight, so the company would float by the end of March, as reported by the 'Sunday Times'.

It is believed that the company is majority owned by four siblings of founder Mahmud Kamani, who launched Boohoo.com in 2006 with business partner Carol Kane, reminded the 'Telegraph'.

The company - which stocks over 8,000 products - said that it has a unique supply chain which means that new fashions can go from design to delivery "in a matter of weeks".