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 0.8% by 11:33 a.m. London time (6:33 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

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