LONDON » Sept. 29, 2020
, /PRNewswire/ —
Ocado » Deliveroo » Just Eat » WPP » Kantar
Online retail and take-away brands , and are the UK’s fastest growing brands according to the 2020 BrandZ™ Top 75 Most Valuable UK Brands report, launched today by and .
Ocado’s » $3.3bn
Already gathering pace pre-COVID-19, online capabilities and perceptions of strong differentiation from other grocery retailers made it take the coveted title of this year’s fastest growing UK brand, increasing +63% in brand value to (£2.7bn) and reaching no.18 in the Top 75 ranking.
Just Eat » Deliveroo » $1.9bn » $2.8bn » Scottish Power » $1.4bn » Innocent » $1.5bn
Home delivery services threw the UK’s restaurant and takeaway industry a lifeline as it was locked out by COVID-19. Intense competition between (no.20) and (no.29) increased due to takeover deals and accelerated consumer demand for home-delivered restaurant and take-away food over the last year. This allowed Deliveroo to grow by +40% in brand value to (£1.6bn), and Just Eat +19% to (£2.2bn), making them the second and third fastest growing brands respectively. (+13%; no.44; ; £1.2bn) and (+12%; no.42; ; £1.2bn) made up the remaining top five fastest risers.
Urgent call to action for UK brands
$32 billion » 1
While some individual UK brands have performed well, growth in the BrandZ Top 75 UK brands as a collective has fallen by more than 15%, or (£26bn) since 2017. There is further cause for concern due to a 13% decrease in value in the last 12 months which has fallen behind both the Global Top 100 Most Valuable Brands ranking published in June, and projections for the global economy by a large margin. Yet, despite very challenging macro-economic circumstances, the BrandZ UK Top 75 brands have still eclipsed the performance of the FTSE 100. Despite the impact of COVID-19, the BrandZ Top 75 UK portfolio showed strong recovery, outperforming the FTSE 100 by almost +5%.
Vodafone » $23.1bn » HSBC » $18.7bn » Shell » $16.1bn
The top five most valuable UK brands remained unchanged. (-13%, ; £18.9bn), which recently announced its intention to float its mobile towers business in a deal that could be worth £18bn, maintained its no.1 spot for the third year running. (-19%; ; £15.3bn) and (-22% ; £13.1bn) make up the top three respectively.
Dyson » $3.5bn
(no.15; ; £2.9bn) is by far the fastest rising brand since the UK ranking’s inception in 2017, fuelled by differentiation, innovation and product excellence. Increasing +51% in brand value over the last three years, it scores high on ‘difference’ (200) and ‘innovation’ (125), where 100 is the average index score.
, Chief Growth Officer, Kantar UK
said: “Despite massive headwinds in COVID-19 and Brexit, a small number of UK brands have performed well over the last 12 months, but they are the exception. Many of our UK Top 75 continue to trade on size and stature, which is a precarious position in a highly competitive global landscape. A lack of innovation and differentiation leaves them exposed as household budgets fall and consumers re-evaluate brand choices, often permanently switching to new brands they have found during the pandemic. This is a ‘do’ moment for brands and positive action is needed to ensure survival. No brand is too big or too well known to fail in the current climate. Understanding the drivers of brand growth and acting on them quickly is business critical.”
Pampering during the pandemic
Cadbury’s » $4.1bn » KitKat’s » $1.8bn
Some brands have met the pandemic trends in self-reliance and resourcefulness that have seen consumers amusing themselves and seeking more indulgent moments, particularly during lockdown. (no.13; ; £3.3bn) creative communications campaign in support of Age UK and (no.34; ; £1.5bn) product innovation and expansion into gifting and seasonal confectionery helped both brands increase their brand value by +8% and attract younger, affluent shoppers.
Gordon’s » $651m » Grand Theft Auto » $1.1bn
Entering the BrandZ UK Top 75 for the first time, at no.70, gin brand (; £531m) commitment to innovation has revitalised the brand’s equity in the UK. Fuelled by flavoured gins and liquors, the category has exploded in recent years, more than doubling its shopper base from 14% in 2015 to 34% in 2020, while helping establish gin as the nation’s favourite tipple. Seeking escapism and excitement, UK consumers also helped to drive growth in the games console entertainment brand (no.53; ; £0.9bn) as it crashed into the Top 75 for the first time as this year’s highest newcomer.
The BrandZ Top 15 Most Valuable UK Brands 2020
, Managing Director of Brand, Kantar UK
said: “What BrandZ has demonstrated time and again is that there are no shortcuts to sustainable growth. BrandZ helps business leaders balance the pressure for short-term results with long-term sustainable and profitable growth. Brands that are bold enough to invest in making consumers’ lives better in creative and innovative ways, even during times of recession, have the potential to reap the rewards.”
Other key trends highlighted in this year’s BrandZ UK Top 75 study include:
here » http://www.brandz.com/mobile
The BrandZ Top 75 Most Valuable UK Brands report and ranking and extensive analysis are online and via BrandZ.com. The reports, rankings, charts, articles and more can also be accessed through the BrandZ app, which is free to download for Apple IOS and all Android devices from or by searching for BrandZ in the iTunes or Google Play app stores.
NOTES TO EDITORS:
1
The >15% decline in brand value is represented by analysing the 49 common brands between 2017 and 2020 in the BrandZ Top UK brands rankings.
About the BrandZ™ Top 75 Most Valuable UK Brands Ranking
th
The valuation behind the BrandZ™ Top 75 Most Valuable UK Brands was conducted by Kantar, which specialises in brand equity research and brand valuation. The methodology mirrors that used to calculate the annual BrandZ™ Top 100 Most Valuable Global Brands ranking, which is now in its 15 year. Commissioned by WPP and Kantar, the ranking combines rigorously analysed financial data from Bloomberg with the opinions of over 140,000 UK consumers.
The BrandZ Top 75 is the most definitive and robust ranking of the UK’s brands available, and the brands ranked all meet these eligibility criteria:
This approach has produced a carefully conceived ranking of brands in 25 consumer-facing categories, including cars, utilities, apparel, travel services, banks and entertainment.
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The suite of BrandZ brand valuation rankings and reports includes , , , , , , , , , (, , , , , ), , , , UK, US. Access a suite of customised reports and data packages from BrandZ via
About Kantar
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Kantar is the world’s leading evidence-based insights and consulting company. We have a complete, unique and rounded understanding of how people think, feel and act; globally and locally in over 90 markets. By combining the deep expertise of our people, our data resources and benchmarks, our innovative analytics and technology, we help our clients and . For more information, visit
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