Frasers returns to FTSE 100 Index
What: Frasers Group has announced its intention to return to the Financial Times Stock Exchange 100 Index after six years, leaving the FTSE 250 Index.
Why it is important: After dropping out in 2016 due to a period of poor financial performance, the retailer has made a series of acquisitions and takeovers that have pushed the company back into the 100 Index.
The group is currently working on rebranding the company through a transformation strategy to elevate its brand under the new CEO Michael Murray.
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