The operator of the markers, FTSE Russell, stated that at the conclusion of business on Tuesday, it will make a final decision based on their individual share prices.
According to its preliminary results, the distribution center investor Tritax Big Box and insurer Hiscox would also move up from the lower FTSE 250 to the top flight.
Burberry is the well-known—and quite startling—brand that may be demoted. For fifteen years, it has been a mainstay of the FTSE 100.
However, since April 2023, its market value has decreased by more than 70%, and as of Tuesday’s closing, it was barely worth £2.6 billion.
Its own actions are not the cause of all of its issues.
Burberry, however, is especially vulnerable to the unstable Chinese market, which, despite a sales boom in 2022, has taken longer than anticipated to recover significantly from the conclusion of the COVID interruption.
Burberry’s approach has drawn criticism from observers, particularly the move to move the business farther upmarket and raise costs during a period when its core clientele appears to be frugal.
