Burberry to return to FTSE 100 after a general absence amid a comprehensive reform

British luxury fashion house barbaric The FTSE 100 in the UK is scheduled to join the UK later this month, one year after it fell from the blue chip standard.

The upgrade is held, part of a quarterly group of the Stock Exchange Group in London (LSEG), where the brand of heritage recovered traction under comprehensive reform by CEO Joshua Shuelman.

Burberry shares fell about 0.8 % by 11:33 am London time (6:33 am EST).

The luxury group It fell from FTSE 100 In September 2024, his 15 -year -old career was closed in a large index in the United Kingdom.

You will return to the best 100 indicators besides Metlen Energy & MetalsAs part of the changes that will be implemented at the end of work on September 19 and pays from the beginning of trading on September 22.

Building Taylor Wimbi And students ’residence work Tawheed GroupAt the same time, get out of the FTSE 100 index and move to FTSE 250.

The price of Burberry has decreased sharply over recent years, as it decreased by approximately 80 % from April 2023 to September 2024, as sales of fading and a wide range of administrative changes have worsened to a wider luxurious contraction.

However, the shift plans during the era of Shulemann, which took matters in July 2024, showed early signs of fruit.

The 169 -year -old retail company, known with trenches and the permissible examination, has reported a better decrease than 1 % on an annual basis in sales in the first quarter in July, led by an increase in American and European sales.

Shawlman sought to embrace the timeless pieces of Burberry with the implementation of a series of one time Cost reduction measuresThe company said was on the right path to provide annual savings of 80 million pounds by the end of the fiscal year 2026.