Sales at online fashion retailer Net-a-Porter soared 23% to £533.7m in the year to March 29, but the company is still losing £10m a year.
The introduction of beauty products on the site, and a push into Asia and Australia, helped the retailer win new customers, but accounts filed to Companies House show it suffered a pre-tax loss of £9.7m, a slight improvement on the loss of £10.3m it recorded the previous year.
The etailer has been investing heavily, and spent £11m updating its three websites, which include menswear retailer Mr Porter and its discount site The Outnet.
The business also launched a high-end fashion magazine called Porter in February.
Net-a-Porter chief executive Mark Sebba retired in July after 11 years and the group is expected to announce a successor soon. The business continues to be chaired by its founder Natalie Massenet.