Burberry’s Exit from the FTSE 100: A Sign of Changing Times

Burberry has been removed from the FTSE 100 index due to a substantial decline in its market value, attributed to a significant drop in sales amid challenging economic conditions for luxury brands. The British fashion house, which joined the FTSE 100 in 2006 after being listed in 2002, has seen its share price fall by nearly 70% over the last year. This change reflects broader trends in the luxury market, where consumer demand has weakened. Burberry’s strategic response includes a leadership change, with Joshua Schulman taking over as CEO to revitalize the brand and focus on luxury outerwear and accessories.

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