A Burberry store at Fashion Valley, an upscale shopping mall, on Dec. 13, 2024, in San Diego, California.
Kevin Carter | Getty Images News | Getty Images
British luxury fashion house Burberry is set to re-join the U.K.’s FTSE 100 later this month, one year after being relegated from the blue-chip benchmark, index provider FTSE Russell said Wednesday.
The upgrade, part of a quarterly reshuffling at the London Stock Exchange Group (LSEG), takes place as the heritage brand has been regaining traction under a sweeping overhaul by CEO Joshua Schulman.
Burberry shares were down around 1.1% by 8:40 a.m. London time (3:40 a.m. ET).
The luxury group fell out of the FTSE 100 in September 2024, bringing its 15-year run in the U.K. large-cap index to a close.
It will return to the top 100 index alongside Metlen Energy & Metals, as part of changes set to be implemented at the close of business on Sept. 19 and take effect from the start of trading on Sept. 22.
Homebuilder Taylor Wimpey and student accommodation business Unite Group, will meanwhile exit the FTSE 100 index and move to FTSE 250.
This breaking news story is being updated.
