A year after losing its spot in Britain’s blue-chip benchmark, Burberry Group Plc is returning to the UK’s stock-market elite.
The luxury-goods maker, best known for its tartan-plaid trench coats, will rejoin the FTSE 100 Index later this month, index compiler FTSE Russell said Wednesday.
The promotion marks another chapter in a revival being led by Chief Executive Officer Joshua Schulman, who took the helm in mid-2024 when the London-based firm was struggling to return to its former glories.
Burberry lost its place in the FTSE 100 shortly after Schulman joined, but a rally of more than 70 percent under his stewardship has boosted the firm’s market value to about £4.6 billion ($6.2 billion), taking it back into the blue-chip gauge. The CEO is successfully refocusing the label on its British roots and better promoting its flagship outerwear products, helping it resist a wider downturn in demand for luxury goods.
“The return to…
