Beauty giant THG is set to return to the FTSE 250 after crashing out earlier this year.
Global index provider FTSE Russell issued a statement last week relaying the changes, with THG reportedly set to take the place of maritime services supplier Ocean Wilsons.
It follows a bumper second quarter of trading in Q2 2025, with the Lookfantastic-owner’s business returning to growth despite a 2.6% downturn in group revenue.
The FTSE 250 represents a list of the top 150 companies listed on the London Stock Exchange (LSE) after the FTSE 100, which are all ranked on market capitalisation.
THG originally joined the FTSE 250 in March 2025 and was put forward as part of FTSE Russell’s quarterly reviews at the time.
THG founder and CEO Matthew Moulding said at the time that the promotion to the FTSE 250 marked an “important moment in THG's evolution” following the demerger of THG Ingenuity.
A promotion to the FTSE 250 can provide a boost to companies as investment funds which track the index automatically buy the stock, while relegation leads to a sale.
The Manchester-based company’s digital logistics branch is now a standalone entity, the separation of which was backed by Moulding through a £10m investment.
However, its drop out of the FTSE 250 followed a rocky period of trading, with shares in the company declining by more than 45% over the past year.
The owner of Cult Beauty reported a downturn in full-year 2024, as total revenues fell to £1.94bn, down from £2.04bn in 2023, impacted by the demerger of Ingenuity.
The company’s digital logistics branch is now a standalone entity, the separation of which was backed by Moulding through a £10m investment.