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Apparel
50
2019The annual report on the world's most valuable and strongest apparel brands
February 2019
2  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  3
Contents.
About Brand Finance 2
Get in Touch 2
Request Your Brand Value Report 4
Brand Valuation Methodology 5
Foreword 6
Executive Summary 8
Brand Finance Apparel 50 (USD m) 12
Definitions 14
Consulting Services 16
Brand Evaluation Services 17
Communications Services 18
Brand Finance Network 20
Brand Finance is the world’s leading independent
brand valuation and strategy consultancy.
Brand Finance was set up in 1996 with the aim of ‘bridging
the gap between marketing and finance’. For more than
20 years, we have helped companies and organisations of
all types to connect their brands to the bottom line.
We pride ourselves on four key strengths:
++ Independence
++ Technical Credibility
++ Transparency
++ Expertise
We put thousands of the world’s biggest brands to the
test every year, evaluating which are the strongest and
most valuable.
Brand Finance helped craft the internationally
recognised standard on Brand Valuation – ISO 10668,
and the recently approved standard on Brand Evaluation
– ISO 20671.
For business enquiries, please contact:
Richard Haigh
Managing Director
rd.haigh@brandfinance.com
For media enquiries, please contact:
Konrad Jagodzinski
Communications Director
k.jagodzinski@brandfinance.com
For all other enquiries, please contact:
enquiries@brandfinance.com
+44 (0)207 389 9400
For more information, please visit our website:
www.brandfinance.com
	 linkedin.com/company/brand-finance
	 twitter.com/brandfinance
	 facebook.com/brandfinance
About Brand Finance.
Get in Touch.
Global Forum 2019
www.brandfinance.com/events
Understanding the Value of
Geographic Branding
2 April 2019
Join us at the Brand Finance Global Forum,
an action-packed day-long event at the Royal
Automobile Club in London, as we explore how
geographic branding can impact brand value, attract
customers, and influence key stakeholders.
4  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  5
What is a Brand Value Report?
Brand Valuation Summary
+	Internal understanding of brand
+	Brand value tracking
+	Competitor benchmarking
+	Historical brand value
Brand Strength Index
+	Brand strength tracking
+	Brand strength analysis
+	Management KPIs
+	Competitor benchmarking
Royalty Rates
+	Transfer pricing
+	Licensing/franchising negotiation
+	International licensing
+	Competitor benchmarking
Cost of Capital
+	Independent view of cost of capital for internal
valuations and project appraisal exercises
Customer Research
+	Utilities
+	Insurance
+	Banks
+	Telecoms
+	Airlines
+	Tech
+	Auto
+	Hotels
+	Beers
+	Oil  Gas
For more information regarding our
Brand Value Reports, please contact:
enquiries@brandfinance.com
What are the benefits of a Brand
Value Report?
A Brand Value Report provides a complete
breakdown of the assumptions, data sources, and
calculations used to arrive at your brand’s value.
Each report includes expert recommendations for growing
brand value to drive business performance and offers a
cost-effective way to gaining a better understanding of
your position against competitors.
Request Your
Brand Value Report.
Insight
Strategy
Benchmarking
Education
Communication
Understanding
Brand Valuation Methodology.
Brand Finance calculates the values of the
brands in its league tables using the Royalty
Relief approach – a brand valuation method
compliant with the industry standards set in
ISO 10668.
This involves estimating the likely future revenues that
are attributable to a brand by calculating a royalty rate
that would be charged for its use, to arrive at a ‘brand
value’ understood as a net economic benefit that a
licensor would achieve by licensing the brand in the
open market.
The steps in this process are as follows:
1	Calculate brand strength using a balanced scorecard
of metrics assessing Marketing Investment,
Stakeholder Equity, and Business Performance. Brand
strength is expressed as a Brand Strength Index (BSI)
score on a scale of 0 to 100.
2	Determine royalty range for each industry, reflecting
the importance of brand to purchasing decisions. In
luxury, the maximum percentage is high, in extractive
industry, where goods are often commoditised, it is
lower. This is done by reviewing comparable licensing
agreements sourced from Brand Finance’s extensive
database.
3	Calculate royalty rate. The BSI score is applied to the
royalty range to arrive at a royalty rate. For example, if
the royalty range in a sector is 0-5% and a brand has
a BSI score of 80 out of 100, then an appropriate
royalty rate for the use of this brand in the given sector
will be 4%.
4	Determine brand-specific revenues by estimating a
proportion of parent company revenues attributable
to a brand.
5	Determine forecast revenues using a function of
historic revenues, equity analyst forecasts, and
economic growth rates.
6	Apply the royalty rate to the forecast revenues to
derive brand revenues.
7	Brand revenues are discounted post-tax to a net
present value which equals the brand value.
Brand Strength
Index (BSI)
Brand strength
expressed as a BSI
score out of 100.
Brand
Royalty Rate
BSI score applied to an
appropriate sector
royalty range.
Brand Revenues
Royalty rate applied to
forecast revenues to
derive brand value.
Brand Value
Post-tax brand
revenues discounted to
a net present value (NPV)
which equals the brand
value.
Disclaimer
Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions produced in this study are based only on publicly available information
and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available
information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the report are not to be construed as providing investment or business advice.
Brand Finance does not intend the report to be relied upon for any reason and excludes all liability to any body, government or organisation.
David Haigh
CEO, Brand Finance
6  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019 7
Foreword.
What is the purpose of a strong brand: to attract customers, to build loyalty, to
motivate staff? All true, but for a commercial brand at least, the first answer must
always be ‘to make money’.
Huge investments are made in the design, launch, and ongoing promotion of
brands. Given their potential financial value, this makes sense. Unfortunately, most
organisations fail to go beyond that, missing huge opportunities to effectively make
use of what are often their most important assets. Monitoring of brand performance
should be the next step, but is often sporadic. Where it does take place, it
frequently lacks financial rigour and is heavily reliant on qualitative measures, poorly
understood by non-marketers.
As a result, marketing teams struggle to communicate the value of their work and
boards then underestimate the significance of their brands to the business. Sceptical
finance teams, unconvinced by what they perceive as marketing mumbo jumbo,
may fail to agree necessary investments. What marketing spend there is, can end up
poorly directed as marketers are left to operate with insufficient financial guidance
or accountability. The end result can be a slow but steady downward spiral of poor
communication, wasted resources, and a negative impact on the bottom line.
Brand Finance bridges the gap between marketing and finance. Our teams have
experience across a wide range of disciplines from market research and visual
identity to tax and accounting. We understand the importance of design, advertising,
and marketing, but we also believe that the ultimate and overriding purpose of
brands is to make money. That is why we connect brands to the bottom line.
By valuing brands, we provide a mutually intelligible language for marketing and
finance teams. Marketers then have the ability to communicate the significance of
what they do, and boards can use the information to chart a course that maximises
profits. Without knowing the precise, financial value of an asset, how can you know
if you are maximising your returns? If you are intending to license a brand, how can
you know you are getting a fair price? If you are intending to sell, how do you know
what the right time is? How do you decide which brands to discontinue, whether to
rebrand and how to arrange your brand architecture? Brand Finance has conducted
thousands of brand and branded business valuations to help answer these
questions.
Brand Finance’s research revealed the compelling link between strong brands and
stock market performance. It was found that investing in highly-branded companies
would lead to a return almost double that of the average for the SP 500 as a whole.
Acknowledging and managing a company’s intangible assets taps into the hidden
value that lies within it. The following report is a first step to understanding more
about brands, how to value them and how to use that information to benefit the
business.
The team and I look forward to continuing the conversation with you.
Nike Just
Did It Again
as World’s
Most Valuable
Apparel
Brand.
++ Nike continues to dominate as the world’s most valuable
apparel brand, with a brand value of US$32.4billion
++ Zara and Adidas move up the ranks as HM’s brand value
decrease pushes it down to 4th place
++ Uniqlo is the fastest-growing apparel brand in the top 10,
up a whopping 48% year on year
++ Rolex is the strongest brand in the sector, posting an elite
AAA+ brand strength rating
++ Luxury brands account for 7 out of the top 10 strongest
apparel brands, showing importance of brand strength in
the segment
8  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  9
Executive Summary.
Nike just did it again
Sportswear giant Nike has maintained and
strengthened its position as the world’s most valuable
apparel brand. Nike’s brand value has increased by
16% since last year to US$32.4 billion on the back of
healthy sales growth in China, Europe, the Middle East
and Africa during the course of the year. Rival Adidas,
meanwhile has bitten into some of Nike’s North
American market, with brand value rising by 17% to
US$16.7 billion. Nevertheless, the gap between the two
remains colossal as Nike’s brand value is nearly double
that of Adidas.
Nike’s iconic status is confirmed every time the
brand’s marketing campaigns make front-page
news. Last year’s “Dream Crazy” ad featuring Colin
Kaepernick sparked a social media backlash in the
US with some customers going as far as to burn their
Nike products. Despite controversy, Nike’s sales
were reported to go up in the weekend following
the ad’s release. More recently, the Oscars’ night
saw the premiere of a powerful follow-up, “Dream
Crazier”, which celebrates inspirational female
athletes.
Zara wins online as HM struggles
Spanish fast-fashion retailer Zara, (brand value
up 6% to US$18.4 billion) has moved into second
position supplanting HM which falls down to fourth
place (brand value down 16% to US$15.9 billion).
Nike’s bold marketing
makes it stand out in a
busy marketplace of
sportswear apparel
brands. In a time when
customers look for
experiences and emotional
connection, Nike’s offering
comes with unambiguous
messages and values that
people can rally behind.
Richard Haigh
Managing Director, Brand Finance
Top 10 Most Valuable Brands
0
10
20
30
40
2019201820172016201520142013
Brand Value over Time
1
2019:
2018:
1
$32,421m
$28,030m
+16%
0
2
2019:
2018:
3
$18,424m
$17,453m
+6%
2
3
2019:
2018:
4
$16,669m
$14,295m
+17%
2
4
2019:
2018:
2
$15,876m
$18,959m
-16%
1
5
2019:
2018:
7
$13,642m
$9,805m
+39%
2
6
2019:
2018:
6
$13,576m
$10,487m
+29%
0
7
2019:
2018:
9
$11,991m
$8,099m
+48%
2
8
2019:
2018:
5
$10,920m
$11,333m
-4%
1
9
2019:
2018:
8
$10,192m
$8,594m
+19%
1
10
2019:
2018:
10
$8,047m
$6,360m
+27%
0
Executive Summary.
USDbn
● Nike  ● Zara  ● Adidas
● HM  ● Cartier
Whilst Zara’s acclaimed integrated store and online
business has seen it gain access to a further 106
countries, HM has struggled with a mounting
stack of unsold inventory. It is also changing its UK
womenswear sizes after repeated complaints from
customers that the clothes are smaller than expected.
The effects of Zara’s controversial rebranding on
customer loyalty remain to be seen in next year’s
valuation.
Surge in brand value for Uniqlo
Japanese Uniqlo’s international expansion and
recent collaboration with tennis ace Roger Federer
pay off. Brand value has risen by a massive 48% to
US$12.0 billion. A robust supply chain and high-
quality, innovative, affordable clothes that transcend
gender, age and ethnicity are also supporting sales
growth.
Uniqlo aims to be the world’s largest clothing retailer by
2020 by increasing sales in the US, China and online; it
has already managed this in Asia.
10  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  11
Brand Value by Country
Country
Brand Value
(USD bn) % of total
● United States 93.2 33.5%
● France 49.6 17.8%
● Italy 26.8 9.6%
● Germany 22.4 8.1%
● Spain 22.2 8.0%
● Switzerland 16.2 5.8%
● Others 48.1 17.3%
Total 278.6 100.0%
The apparel sector continues
to thrive. Brand value growth
has been particularly strong
among brands aware that
consumers who shop both
in-store and online spend
significantly more than those
who buy in bricks-and-mortar
boutiques alone. It pays to
create a robust omnichannel
shopping experience for clients.
Collaboration with celebrities,
the digital age, and an ability
to feed fast-fashion habits
whilst being ethically aware will
continue to benefit brand value.
Richard Haigh
Managing Director, Brand Finance
Rolex is strongest apparel brand
Aside from calculating overall brand value, Brand
Finance also determines the relative strength of brands
through a balanced scorecard of metrics evaluating
marketing investment, stakeholder equity, and business
performance. Along with the level of revenues, brand
strength is a crucial driver of brand value.
Rolex is the only brand in the Brand Finance Apparel
50 ranking to post the elite AAA+ brand rating.
With a Brand Strength Index (BSI) score of 90.0
out of 100, the luxury watchmaker is the strongest
brand in the industry. Although second place for
brand strength is held by Nike, and Inditex-owned
Zara and Bershka also make the top 10, luxury
brands continue to dominate the lineup. 7 of the
top 10 strongest brands are luxury, demonstrating
the importance of brand strength in the segment.
Although Bottega Veneta’s brand value has
decreased by 11% to US$1.6 billion, its arrival in the
top 10 list of strongest apparel brands is noteworthy.
The brand has tapped into a new approach towards
the affluent consumer, namely the idea of selling an
aspirational existence.
Brand Value Change 2018-2019 (%)
+56.7%
+48.1%
+47.2%
+42.7%
+42.2%
+39.1%
+36.9%
+35.7%
-0.7%
-3.6%
-7.5%
-11.0%
-12.5%
-16.3%
-20.0%
-26.3%
Christian Dior
Uniqlo
Anta
Moncler
The North Face
Cartier
Omega
Calvin Klein
Bershka
Hermes
Under Armour
Bottega Veneta
Pandora
HM
Salvatore Ferragamo
Chow Tai Fook
Executive Summary.Executive Summary.
Top 10 Strongest Brands (luxury brands in gold)
1
2019:
2018:
1
90.0 AAA+
89.3 AAA
+0.7
0
2
2019:
2018:
2
87.4 AAA
89.2 AAA
-1.8
0
3
2019:
2018:
5
86.6 AAA
86.3 AAA
+0.3
2
4
2019:
2018:
3
85.5 AAA
86.4 AAA
-0.9
1
5
2019:
2018:
4
85.1 AAA
86.3 AAA
-1.2
1
6
2019:
2018:
9
84.8 AAA
85.0 AAA
-0.2
2
7
2019:
2018:
8
84.6 AAA
85.4 AAA
-0.7
2
8
2019:
2018:
7
84.3 AAA-
85.6 AAA
-1.4
1
9
2019:
2018:
11
84.0 AAA-
82.3 AAA-
2018:
+1.7
+1.8
2
10
2019:
12
82.1 AAA-
83.9 AAA-
2
12  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  13
Brand Finance Apparel 50
(USD m).
Brand Finance Apparel 50 (USD m).
Top 50 most valuable apparel brands 1-50
2019
Rank
2018
Rank Brand Name Country
2019
Brand
Value
Brand
Value
Change
2018
Brand
Value
2019
Brand
Rating
2018
Brand
Rating
1 1 0 Nike United States $32,421 +15.7% $28,030 AAA AAA
2 3 2 Zara Spain $18,424 +5.6% $17,453 AAA AAA
3 4 2 Adidas Germany $16,669 +16.6% $14,295 AAA- AAA-
4 2 1 HM Sweden $15,876 -16.3% $18,959 AAA- AAA
5 7 2 Cartier France $13,642 +39.1% $9,805 AAA- AAA-
6 6 0 Louis Vuitton France $13,576 +29.5% $10,487 AAA AAA
7 9 2 Uniqlo Japan $11,991 +48.1% $8,099 AA AA-
8 5 1 Hermes France $10,920 -3.6% $11,333 AAA AAA
9 8 1 Gucci Italy $10,192 +18.6% $8,594 AAA AAA
10 10 0 Rolex Switzerland $8,047 +26.5% $6,360 AAA+ AAA
11 11 0 Coach United States
12 12 0 Victoria's Secret United States
13 16 2 Christian Dior France
14 14 0 Tiffany  Co. United States
15 15 0 Burberry United Kingdom
16 18 2 Prada Italy
17 24 2 The North Face United States
18 23 2 Omega Switzerland
19 17 1 Polo Ralph Lauren United States
20 22 2 Ray-Ban United States
21 28 2 Anta China
22 13 1 Chow Tai Fook China (Hong Kong)
23 20 1 Armani Italy
24 21 1 Puma Germany
25 19 1 Under Armour United States
26 26 0 Michael Kors United States
27 29 2 Old Navy United States
28 32 2 Calvin Klein United States
29 33 2 Levi's United States
30 35 2 Moncler France
31 30 1 Bulgari Italy
32 27 1 Tommy Hilfiger United States
33 37 2 GAP United States
34 25 1 Pandora Denmark
35 34 1 Primark / Penney's Ireland
36 41 2 Valentino Italy
37 36 1 Hugo Boss Germany
38 31 1 Bershka Spain
39 39 0 Yves Saint Laurent France
40 42 2 Skechers United States
41 43 2 Swatch Switzerland
42 44 2 TAG Heuer Switzerland
43 40 1 Bottega Veneta Italy
44 38 1 Salvatore Ferragamo Italy
45 46 2 Massimo Dutti Spain
46 - 3 Converse United States
47 45 1 Timberland United States
48 - 3 American Eagle Outfitters United States
49 47 1 Gildan Canada
50 48 1 Reebok United Kingdom
14  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  15
Definitions.
Brand Value
+	Enterprise Value
The value of the entire enterprise, made
up of multiple branded businesses.
	 Where a company has a purely mono-
	 branded architecture, the ‘enterprise value’
	 is the same as ‘branded business value’.
+	Branded Business Value
The value of a single branded business
operating under the subject brand.
	 A brand should be viewed in the context of
	 the business in which it operates. Brand
	 Finance always conducts a branded
	 business valuation as part of any brand
	 valuation. We evaluate the full brand value
	 chain in order to understand the links
	 between marketing investment, brand-
	 tracking data, and stakeholder behaviour.
+	Brand Contribution
The overall uplift in shareholder value
that the business derives from owning
the brand rather than operating a
generic brand.
	 The brand values contained in our league
	 tables are those of the potentially
	 transferable brand assets only, making
	 ‘brand contribution’ a wider concept. An
	 assessment of overall ‘brand contribution’ to
	 a business provides additional insights to
	 help optimise performance.
+	Brand Value
The value of the trade mark and
associated marketing IP within the
branded business.
	 Brand Finance helped to craft the
	 internationally recognised standard on
	 Brand Valuation – ISO 10668. It defines
	 brand as a marketing-related intangible
	 asset including, but not limited to, names,
	 terms, signs, symbols, logos, and designs,
	 intended to identify goods, services or
	 entities, creating distinctive images and
	 associations in the minds of stakeholders,
	 thereby generating economic benefits.
Brand
Value
Enterprise Value
Branded Business
V
alue
Brand Contrib
ution
BrandStrengthIndex
Widely recognised factors deployed by marketers to create brand loyalty and
market share.
Marketing Investment
•	 A brand that has high Marketing Investment but low Stakeholder Equity may be on a		
path to growth. This high investment is likely to lead to future performance in Stakeholder
	 Equity which would in turn lead to better Business Performance in the future.
•	 However, high Marketing Investment over an extended period with little improvement in
	 Stakeholder Equity would imply that the brand is unable to shape customers’ preference.
Stakeholder Equity
•	 The same is true for Stakeholder Equity. If a company has high Stakeholder Equity, it is
	 likely that Business Performance will improve in the future.
•	 However, if the brand’s poor Business Performance persists, it would suggest that the
	 brand is inefficient compared to its competitors in transferring stakeholder sentiment
	 to a volume or price premium.
Business Performance
•	 Finally, if a brand has a strong Business Performance but scores poorly on Stakeholder
	 Equity, it would imply that, in the future, the brand’s ability to drive value will diminish.
•	 However, if it is able to sustain these higher outputs, it shows that the brand is
	 particularly efficient at creating value from sentiment compared to its competitors.
Perceptions of the brand among different stakeholder groups, with customers
being the most important.
Quantitative market and financial measures representing the success of the
brand in achieving price and volume premium.
Brand Strength
Brand Strength is the efficacy of a brand’s
performance on intangible measures, relative to its
competitors.
In order to determine the strength of a brand, we look
at Marketing Investment, Stakeholder Equity, and the
impact of those on Business Performance.
Each brand is assigned a Brand Strength Index
(BSI) score out of 100, which feeds into the brand
value calculation. Based on the score, each brand
is assigned a corresponding rating up to AAA+ in a
format similar to a credit rating.
Analysing the three brand strength measures helps
inform managers of a brand’s potential for future success.
Investment
Equity
Performance
[Inditex]
[Zara]
[Zara]
[Zara]
Definitions.
Marketing
Investment
Stakeholder
Equity
Business
Performance
16  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  17
Brand Evaluation Services.
How are brands perceived in my
category?
Brand Finance tracks brand fame and perceptions
across over 30 markets in 10 consumer categories. Clear,
insightful signals of brand performance, with data mining
options for those who want to dig deeper – all at an
accessible price.
What if I need more depth or
coverage of a more specialised
sector?
Our bespoke brand scorecards help with market
planning and can be designed to track multiple brands
over time, against competitors, between market
segments and against budgets. Our 30-country
database of brand KPIs enables us to benchmark
performance appropriately.
Do I have the right brand
architecture or strategy in place?
Research is conducted in addition to strategic
analysis to provide a robust understanding
of the current positioning. The effectiveness
of alternative architectures is tested
through drivers analysis, to determine which option(s)
will stimulate the most favourable customer behaviour
and financial results.
How can I improve return on
marketing investment?
Using sophisticated analytics, we have a proven track
record of developing comprehensive brand scorecard
and brand investment frameworks to improve return on
marketing investment.
What about the social dimension?
Does my brand get talked about?
Social interactions have a proven commercial impact
on brands. We measure actual brand conversation and
advocacy, both real-world word of mouth and online
buzz and sentiment, by combining traditional survey
measures with best-in-class social listening.
1. Valuation: What are my intangible
assets worth?
Valuations may be conducted for technical
purposes and to set a baseline against
which potential strategic brand
scenarios can be evaluated.
+	Branded Business Valuation
+	Trademark Valuation
+	Intangible Asset Valuation
+	Brand Contribution
2. Analytics: How can I improve
marketing effectiveness?
Analytical services help to uncover drivers
of demand and insights. Identifying the
factors which drive consumer behaviour
allows an understanding of how brands
create bottom-line impact.
Market Research Analytics +
Return on Marketing Investment +
Brand Audits +
Brand Scorecard Tracking +
4. Transactions:
Is it a good deal?
Can I leverage my
intangible assets?
Transaction services help buyers,
sellers, and owners of branded businesses
get a better deal by leveraging the value of
their intangibles.
+	MA Due Diligence
+	Franchising  Licensing
+	Tax  Transfer Pricing
+	Expert Witness
3. Strategy: How can
I increase the value of
my branded business?
Strategic marketing services enable
brands to be leveraged to grow
businesses. Scenario modelling will
identify the best opportunities, ensuring
resources are allocated to those activities which
have the most impact on brand and business value.
Brand Governance +
Brand Architecture  Portfolio Management +
Brand Transition +
Brand Positioning  Extension +
MARKETING FINANCE TAX LEGAL
We help marketers to
connect their brands to
business performance by
evaluating the return on
investment (ROI) of
brand-based decisions
and strategies.
We provide financiers and
auditors with an
independent assessment
on all forms of brand and
intangible asset
valuations.
We help brand owners
and fiscal authorities to
understand the
implications of different
tax, transfer pricing, and
brand ownership
arrangements.
We help clients to enforce
and exploit their
intellectual property rights
by providing independent
expert advice in- and
outside of the courtroom.
2. ANA
LYTICS3.STR
ATEGY4.TRANS
ACTIONS1.VALU
ATION
Brand 
Business
Value
Consulting Services.
18  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  19
We also offer a variety of other services to help communicate
your brand’s performance
How we can help communicate your brand’s performance
in brand value rankings
Communications Services.
Bespoke Events – organise an award ceremony or celebratory event,
coordinate event opportunities and spearhead communications to make the
most of them.
Digital Infographics – design infographics visualising your brand’s
performance for use across social media platforms.
Trophies  Certificates – provide a trophy and/or hand-written certificate
personally signed by Brand Finance CEO to recognise your brand’s
performance.
Media Support – provide editorial support in reviewing or copywriting your
press release, pitching your content to top journalists, and monitoring media
coverage.
Sponsored Content – publish contributed articles, advertorials, and
interviews with your brand leader in the relevant Brand Finance report offered
to the press.
Video Endorsement – record video with Brand Finance CEO or Director
speaking about the performance of your brand, for use in both internal and
external communications.
Brand Accolade – create a digital endorsement stamp for use in marketing
materials, communications, annual reports, social media and website.
Advertising use subject to terms and conditions.
TOP 50
APPAREL
BRAND
MOST VALUABLE
APPAREL
BRAND
STRONGEST
APPAREL
BRAND
Value-Based Communications
With strategic planning and creative thinking, we develop communications plans to create dialogue with
stakeholders that drives brand value. Our approach is integrated, employing tailored solutions for our
clients across PR, marketing and social media.
SERVICES
•	Research and Insights
•	Integrated Communications Planning
•	Project Management and Campaign Execution
•	Content and Channel Strategy
•	Communications Workshops
For more information, contact enquiries@brand-dialogue.co.uk or visit www.brand-dialogue.co.uk
Brand Dialogue is a member of the Brand Finance plc group of companies
B E C O M E A M E M B E R T O D A Y
A C O N T E M P O R A R Y A N D E X C L U S I V E
I N T H E H E A R T O F T H E C I T Y O F L O N D O N
C H A R A C T E R F U L S P A C E
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M E M B E R S ' E V E N T S
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M E M B E R S
R O O M H I R E
M E M B E R S ' C L U B
M E E T I N G S
 
for
for
20  Brand Finance Apparel 50  February 2019
T:  +44 (0)20 7389 9400	 E:  enquiries@brandfinance.com	 www.brandfinance.com
Market Contact Email Telephone
Asia Pacific Samir Dixit s.dixit@brandfinance.com +65 906 98 651
Australia Mark Crowe m.crowe@brandfinance.com +61 282 498 320
Canada Charles Scarlett-Smith c.scarlett-smith@brandfinance.com +1 514 991 5101
Caribbean Nigel Cooper n.cooper@brandfinance.com +1 876 825 6598
China Scott Chen s.chen@brandfinance.com +86 186 0118 8821
East Africa Jawad Jaffer j.jaffer@brandfinance.com +254 204 440 053
France Bertrand Chovet b.chovet@brandfinance.com +33 6 86 63 46 44
Germany Holger Muehlbauer h.muehlbauer@brandfinance.com +49 151 54 749 834
India Savio D’Souza s.dsouza@brandfinance.com +44 207 389 9400
Indonesia Jimmy Halim j.halim@brandfinance.com +62 215 3678 064
Ireland Simon Haigh s.haigh@brandfinance.com +353 087 669 5881
Italy Massimo Pizzo m.pizzo@brandfinance.com +39 02 303 125 105
Japan Jun Tanaka j.tanaka@brandfinance.com +81 90 7116 1881
Mexico  LatAm Laurence Newell l.newell@brandfinance.com +52 1559 197 1925
Middle East Andrew Campbell a.campbell@brandfinance.com +971 508 113 341
Nigeria Tunde Odumeru t.odumeru@brandfinance.com +234 012 911 988
Romania Mihai Bogdan m.bogdan@brandfinance.com +40 728 702 705
South Africa Jeremy Sampson j.sampson@brandfinance.com +27 82 885 7300
Spain Teresa de Lemus t.delemus@brandfinance.com +34 654 481 043
Sri Lanka Ruchi Gunewardene r.gunewardene@brandfinance.com +94 114 941670
Turkey Muhterem Ilgüner m.ilguner@brandfinance.com +90 216 352 67 29
UK Richard Haigh rd.haigh@brandfinance.com +44 207 389 9400
USA Laurence Newell l.newell@brandfinance.com +1 917 794 3249
Vietnam Lai Tien Manh m.lai@brandfinance.com +84 90 259 82 28
Brand Finance Network.
For further information on our services and valuation experience, please contact your local representative:

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Annual report on the world's most valuable and strongest apparel brands

  • 1. Apparel 50 2019The annual report on the world's most valuable and strongest apparel brands February 2019
  • 2. 2  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  3 Contents. About Brand Finance 2 Get in Touch 2 Request Your Brand Value Report 4 Brand Valuation Methodology 5 Foreword 6 Executive Summary 8 Brand Finance Apparel 50 (USD m) 12 Definitions 14 Consulting Services 16 Brand Evaluation Services 17 Communications Services 18 Brand Finance Network 20 Brand Finance is the world’s leading independent brand valuation and strategy consultancy. Brand Finance was set up in 1996 with the aim of ‘bridging the gap between marketing and finance’. For more than 20 years, we have helped companies and organisations of all types to connect their brands to the bottom line. We pride ourselves on four key strengths: ++ Independence ++ Technical Credibility ++ Transparency ++ Expertise We put thousands of the world’s biggest brands to the test every year, evaluating which are the strongest and most valuable. Brand Finance helped craft the internationally recognised standard on Brand Valuation – ISO 10668, and the recently approved standard on Brand Evaluation – ISO 20671. For business enquiries, please contact: Richard Haigh Managing Director rd.haigh@brandfinance.com For media enquiries, please contact: Konrad Jagodzinski Communications Director k.jagodzinski@brandfinance.com For all other enquiries, please contact: enquiries@brandfinance.com +44 (0)207 389 9400 For more information, please visit our website: www.brandfinance.com linkedin.com/company/brand-finance twitter.com/brandfinance facebook.com/brandfinance About Brand Finance. Get in Touch. Global Forum 2019 www.brandfinance.com/events Understanding the Value of Geographic Branding 2 April 2019 Join us at the Brand Finance Global Forum, an action-packed day-long event at the Royal Automobile Club in London, as we explore how geographic branding can impact brand value, attract customers, and influence key stakeholders.
  • 3. 4  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  5 What is a Brand Value Report? Brand Valuation Summary + Internal understanding of brand + Brand value tracking + Competitor benchmarking + Historical brand value Brand Strength Index + Brand strength tracking + Brand strength analysis + Management KPIs + Competitor benchmarking Royalty Rates + Transfer pricing + Licensing/franchising negotiation + International licensing + Competitor benchmarking Cost of Capital + Independent view of cost of capital for internal valuations and project appraisal exercises Customer Research + Utilities + Insurance + Banks + Telecoms + Airlines + Tech + Auto + Hotels + Beers + Oil Gas For more information regarding our Brand Value Reports, please contact: enquiries@brandfinance.com What are the benefits of a Brand Value Report? A Brand Value Report provides a complete breakdown of the assumptions, data sources, and calculations used to arrive at your brand’s value. Each report includes expert recommendations for growing brand value to drive business performance and offers a cost-effective way to gaining a better understanding of your position against competitors. Request Your Brand Value Report. Insight Strategy Benchmarking Education Communication Understanding Brand Valuation Methodology. Brand Finance calculates the values of the brands in its league tables using the Royalty Relief approach – a brand valuation method compliant with the industry standards set in ISO 10668. This involves estimating the likely future revenues that are attributable to a brand by calculating a royalty rate that would be charged for its use, to arrive at a ‘brand value’ understood as a net economic benefit that a licensor would achieve by licensing the brand in the open market. The steps in this process are as follows: 1 Calculate brand strength using a balanced scorecard of metrics assessing Marketing Investment, Stakeholder Equity, and Business Performance. Brand strength is expressed as a Brand Strength Index (BSI) score on a scale of 0 to 100. 2 Determine royalty range for each industry, reflecting the importance of brand to purchasing decisions. In luxury, the maximum percentage is high, in extractive industry, where goods are often commoditised, it is lower. This is done by reviewing comparable licensing agreements sourced from Brand Finance’s extensive database. 3 Calculate royalty rate. The BSI score is applied to the royalty range to arrive at a royalty rate. For example, if the royalty range in a sector is 0-5% and a brand has a BSI score of 80 out of 100, then an appropriate royalty rate for the use of this brand in the given sector will be 4%. 4 Determine brand-specific revenues by estimating a proportion of parent company revenues attributable to a brand. 5 Determine forecast revenues using a function of historic revenues, equity analyst forecasts, and economic growth rates. 6 Apply the royalty rate to the forecast revenues to derive brand revenues. 7 Brand revenues are discounted post-tax to a net present value which equals the brand value. Brand Strength Index (BSI) Brand strength expressed as a BSI score out of 100. Brand Royalty Rate BSI score applied to an appropriate sector royalty range. Brand Revenues Royalty rate applied to forecast revenues to derive brand value. Brand Value Post-tax brand revenues discounted to a net present value (NPV) which equals the brand value. Disclaimer Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions produced in this study are based only on publicly available information and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the report are not to be construed as providing investment or business advice. Brand Finance does not intend the report to be relied upon for any reason and excludes all liability to any body, government or organisation.
  • 4. David Haigh CEO, Brand Finance 6  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019 7 Foreword. What is the purpose of a strong brand: to attract customers, to build loyalty, to motivate staff? All true, but for a commercial brand at least, the first answer must always be ‘to make money’. Huge investments are made in the design, launch, and ongoing promotion of brands. Given their potential financial value, this makes sense. Unfortunately, most organisations fail to go beyond that, missing huge opportunities to effectively make use of what are often their most important assets. Monitoring of brand performance should be the next step, but is often sporadic. Where it does take place, it frequently lacks financial rigour and is heavily reliant on qualitative measures, poorly understood by non-marketers. As a result, marketing teams struggle to communicate the value of their work and boards then underestimate the significance of their brands to the business. Sceptical finance teams, unconvinced by what they perceive as marketing mumbo jumbo, may fail to agree necessary investments. What marketing spend there is, can end up poorly directed as marketers are left to operate with insufficient financial guidance or accountability. The end result can be a slow but steady downward spiral of poor communication, wasted resources, and a negative impact on the bottom line. Brand Finance bridges the gap between marketing and finance. Our teams have experience across a wide range of disciplines from market research and visual identity to tax and accounting. We understand the importance of design, advertising, and marketing, but we also believe that the ultimate and overriding purpose of brands is to make money. That is why we connect brands to the bottom line. By valuing brands, we provide a mutually intelligible language for marketing and finance teams. Marketers then have the ability to communicate the significance of what they do, and boards can use the information to chart a course that maximises profits. Without knowing the precise, financial value of an asset, how can you know if you are maximising your returns? If you are intending to license a brand, how can you know you are getting a fair price? If you are intending to sell, how do you know what the right time is? How do you decide which brands to discontinue, whether to rebrand and how to arrange your brand architecture? Brand Finance has conducted thousands of brand and branded business valuations to help answer these questions. Brand Finance’s research revealed the compelling link between strong brands and stock market performance. It was found that investing in highly-branded companies would lead to a return almost double that of the average for the SP 500 as a whole. Acknowledging and managing a company’s intangible assets taps into the hidden value that lies within it. The following report is a first step to understanding more about brands, how to value them and how to use that information to benefit the business. The team and I look forward to continuing the conversation with you. Nike Just Did It Again as World’s Most Valuable Apparel Brand. ++ Nike continues to dominate as the world’s most valuable apparel brand, with a brand value of US$32.4billion ++ Zara and Adidas move up the ranks as HM’s brand value decrease pushes it down to 4th place ++ Uniqlo is the fastest-growing apparel brand in the top 10, up a whopping 48% year on year ++ Rolex is the strongest brand in the sector, posting an elite AAA+ brand strength rating ++ Luxury brands account for 7 out of the top 10 strongest apparel brands, showing importance of brand strength in the segment
  • 5. 8  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  9 Executive Summary. Nike just did it again Sportswear giant Nike has maintained and strengthened its position as the world’s most valuable apparel brand. Nike’s brand value has increased by 16% since last year to US$32.4 billion on the back of healthy sales growth in China, Europe, the Middle East and Africa during the course of the year. Rival Adidas, meanwhile has bitten into some of Nike’s North American market, with brand value rising by 17% to US$16.7 billion. Nevertheless, the gap between the two remains colossal as Nike’s brand value is nearly double that of Adidas. Nike’s iconic status is confirmed every time the brand’s marketing campaigns make front-page news. Last year’s “Dream Crazy” ad featuring Colin Kaepernick sparked a social media backlash in the US with some customers going as far as to burn their Nike products. Despite controversy, Nike’s sales were reported to go up in the weekend following the ad’s release. More recently, the Oscars’ night saw the premiere of a powerful follow-up, “Dream Crazier”, which celebrates inspirational female athletes. Zara wins online as HM struggles Spanish fast-fashion retailer Zara, (brand value up 6% to US$18.4 billion) has moved into second position supplanting HM which falls down to fourth place (brand value down 16% to US$15.9 billion). Nike’s bold marketing makes it stand out in a busy marketplace of sportswear apparel brands. In a time when customers look for experiences and emotional connection, Nike’s offering comes with unambiguous messages and values that people can rally behind. Richard Haigh Managing Director, Brand Finance Top 10 Most Valuable Brands 0 10 20 30 40 2019201820172016201520142013 Brand Value over Time 1 2019: 2018: 1 $32,421m $28,030m +16% 0 2 2019: 2018: 3 $18,424m $17,453m +6% 2 3 2019: 2018: 4 $16,669m $14,295m +17% 2 4 2019: 2018: 2 $15,876m $18,959m -16% 1 5 2019: 2018: 7 $13,642m $9,805m +39% 2 6 2019: 2018: 6 $13,576m $10,487m +29% 0 7 2019: 2018: 9 $11,991m $8,099m +48% 2 8 2019: 2018: 5 $10,920m $11,333m -4% 1 9 2019: 2018: 8 $10,192m $8,594m +19% 1 10 2019: 2018: 10 $8,047m $6,360m +27% 0 Executive Summary. USDbn ● Nike  ● Zara  ● Adidas ● HM  ● Cartier Whilst Zara’s acclaimed integrated store and online business has seen it gain access to a further 106 countries, HM has struggled with a mounting stack of unsold inventory. It is also changing its UK womenswear sizes after repeated complaints from customers that the clothes are smaller than expected. The effects of Zara’s controversial rebranding on customer loyalty remain to be seen in next year’s valuation. Surge in brand value for Uniqlo Japanese Uniqlo’s international expansion and recent collaboration with tennis ace Roger Federer pay off. Brand value has risen by a massive 48% to US$12.0 billion. A robust supply chain and high- quality, innovative, affordable clothes that transcend gender, age and ethnicity are also supporting sales growth. Uniqlo aims to be the world’s largest clothing retailer by 2020 by increasing sales in the US, China and online; it has already managed this in Asia.
  • 6. 10  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  11 Brand Value by Country Country Brand Value (USD bn) % of total ● United States 93.2 33.5% ● France 49.6 17.8% ● Italy 26.8 9.6% ● Germany 22.4 8.1% ● Spain 22.2 8.0% ● Switzerland 16.2 5.8% ● Others 48.1 17.3% Total 278.6 100.0% The apparel sector continues to thrive. Brand value growth has been particularly strong among brands aware that consumers who shop both in-store and online spend significantly more than those who buy in bricks-and-mortar boutiques alone. It pays to create a robust omnichannel shopping experience for clients. Collaboration with celebrities, the digital age, and an ability to feed fast-fashion habits whilst being ethically aware will continue to benefit brand value. Richard Haigh Managing Director, Brand Finance Rolex is strongest apparel brand Aside from calculating overall brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. Along with the level of revenues, brand strength is a crucial driver of brand value. Rolex is the only brand in the Brand Finance Apparel 50 ranking to post the elite AAA+ brand rating. With a Brand Strength Index (BSI) score of 90.0 out of 100, the luxury watchmaker is the strongest brand in the industry. Although second place for brand strength is held by Nike, and Inditex-owned Zara and Bershka also make the top 10, luxury brands continue to dominate the lineup. 7 of the top 10 strongest brands are luxury, demonstrating the importance of brand strength in the segment. Although Bottega Veneta’s brand value has decreased by 11% to US$1.6 billion, its arrival in the top 10 list of strongest apparel brands is noteworthy. The brand has tapped into a new approach towards the affluent consumer, namely the idea of selling an aspirational existence. Brand Value Change 2018-2019 (%) +56.7% +48.1% +47.2% +42.7% +42.2% +39.1% +36.9% +35.7% -0.7% -3.6% -7.5% -11.0% -12.5% -16.3% -20.0% -26.3% Christian Dior Uniqlo Anta Moncler The North Face Cartier Omega Calvin Klein Bershka Hermes Under Armour Bottega Veneta Pandora HM Salvatore Ferragamo Chow Tai Fook Executive Summary.Executive Summary. Top 10 Strongest Brands (luxury brands in gold) 1 2019: 2018: 1 90.0 AAA+ 89.3 AAA +0.7 0 2 2019: 2018: 2 87.4 AAA 89.2 AAA -1.8 0 3 2019: 2018: 5 86.6 AAA 86.3 AAA +0.3 2 4 2019: 2018: 3 85.5 AAA 86.4 AAA -0.9 1 5 2019: 2018: 4 85.1 AAA 86.3 AAA -1.2 1 6 2019: 2018: 9 84.8 AAA 85.0 AAA -0.2 2 7 2019: 2018: 8 84.6 AAA 85.4 AAA -0.7 2 8 2019: 2018: 7 84.3 AAA- 85.6 AAA -1.4 1 9 2019: 2018: 11 84.0 AAA- 82.3 AAA- 2018: +1.7 +1.8 2 10 2019: 12 82.1 AAA- 83.9 AAA- 2
  • 7. 12  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  13 Brand Finance Apparel 50 (USD m). Brand Finance Apparel 50 (USD m). Top 50 most valuable apparel brands 1-50 2019 Rank 2018 Rank Brand Name Country 2019 Brand Value Brand Value Change 2018 Brand Value 2019 Brand Rating 2018 Brand Rating 1 1 0 Nike United States $32,421 +15.7% $28,030 AAA AAA 2 3 2 Zara Spain $18,424 +5.6% $17,453 AAA AAA 3 4 2 Adidas Germany $16,669 +16.6% $14,295 AAA- AAA- 4 2 1 HM Sweden $15,876 -16.3% $18,959 AAA- AAA 5 7 2 Cartier France $13,642 +39.1% $9,805 AAA- AAA- 6 6 0 Louis Vuitton France $13,576 +29.5% $10,487 AAA AAA 7 9 2 Uniqlo Japan $11,991 +48.1% $8,099 AA AA- 8 5 1 Hermes France $10,920 -3.6% $11,333 AAA AAA 9 8 1 Gucci Italy $10,192 +18.6% $8,594 AAA AAA 10 10 0 Rolex Switzerland $8,047 +26.5% $6,360 AAA+ AAA 11 11 0 Coach United States 12 12 0 Victoria's Secret United States 13 16 2 Christian Dior France 14 14 0 Tiffany Co. United States 15 15 0 Burberry United Kingdom 16 18 2 Prada Italy 17 24 2 The North Face United States 18 23 2 Omega Switzerland 19 17 1 Polo Ralph Lauren United States 20 22 2 Ray-Ban United States 21 28 2 Anta China 22 13 1 Chow Tai Fook China (Hong Kong) 23 20 1 Armani Italy 24 21 1 Puma Germany 25 19 1 Under Armour United States 26 26 0 Michael Kors United States 27 29 2 Old Navy United States 28 32 2 Calvin Klein United States 29 33 2 Levi's United States 30 35 2 Moncler France 31 30 1 Bulgari Italy 32 27 1 Tommy Hilfiger United States 33 37 2 GAP United States 34 25 1 Pandora Denmark 35 34 1 Primark / Penney's Ireland 36 41 2 Valentino Italy 37 36 1 Hugo Boss Germany 38 31 1 Bershka Spain 39 39 0 Yves Saint Laurent France 40 42 2 Skechers United States 41 43 2 Swatch Switzerland 42 44 2 TAG Heuer Switzerland 43 40 1 Bottega Veneta Italy 44 38 1 Salvatore Ferragamo Italy 45 46 2 Massimo Dutti Spain 46 - 3 Converse United States 47 45 1 Timberland United States 48 - 3 American Eagle Outfitters United States 49 47 1 Gildan Canada 50 48 1 Reebok United Kingdom
  • 8. 14  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  15 Definitions. Brand Value + Enterprise Value The value of the entire enterprise, made up of multiple branded businesses. Where a company has a purely mono- branded architecture, the ‘enterprise value’ is the same as ‘branded business value’. + Branded Business Value The value of a single branded business operating under the subject brand. A brand should be viewed in the context of the business in which it operates. Brand Finance always conducts a branded business valuation as part of any brand valuation. We evaluate the full brand value chain in order to understand the links between marketing investment, brand- tracking data, and stakeholder behaviour. + Brand Contribution The overall uplift in shareholder value that the business derives from owning the brand rather than operating a generic brand. The brand values contained in our league tables are those of the potentially transferable brand assets only, making ‘brand contribution’ a wider concept. An assessment of overall ‘brand contribution’ to a business provides additional insights to help optimise performance. + Brand Value The value of the trade mark and associated marketing IP within the branded business. Brand Finance helped to craft the internationally recognised standard on Brand Valuation – ISO 10668. It defines brand as a marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos, and designs, intended to identify goods, services or entities, creating distinctive images and associations in the minds of stakeholders, thereby generating economic benefits. Brand Value Enterprise Value Branded Business V alue Brand Contrib ution BrandStrengthIndex Widely recognised factors deployed by marketers to create brand loyalty and market share. Marketing Investment • A brand that has high Marketing Investment but low Stakeholder Equity may be on a path to growth. This high investment is likely to lead to future performance in Stakeholder Equity which would in turn lead to better Business Performance in the future. • However, high Marketing Investment over an extended period with little improvement in Stakeholder Equity would imply that the brand is unable to shape customers’ preference. Stakeholder Equity • The same is true for Stakeholder Equity. If a company has high Stakeholder Equity, it is likely that Business Performance will improve in the future. • However, if the brand’s poor Business Performance persists, it would suggest that the brand is inefficient compared to its competitors in transferring stakeholder sentiment to a volume or price premium. Business Performance • Finally, if a brand has a strong Business Performance but scores poorly on Stakeholder Equity, it would imply that, in the future, the brand’s ability to drive value will diminish. • However, if it is able to sustain these higher outputs, it shows that the brand is particularly efficient at creating value from sentiment compared to its competitors. Perceptions of the brand among different stakeholder groups, with customers being the most important. Quantitative market and financial measures representing the success of the brand in achieving price and volume premium. Brand Strength Brand Strength is the efficacy of a brand’s performance on intangible measures, relative to its competitors. In order to determine the strength of a brand, we look at Marketing Investment, Stakeholder Equity, and the impact of those on Business Performance. Each brand is assigned a Brand Strength Index (BSI) score out of 100, which feeds into the brand value calculation. Based on the score, each brand is assigned a corresponding rating up to AAA+ in a format similar to a credit rating. Analysing the three brand strength measures helps inform managers of a brand’s potential for future success. Investment Equity Performance [Inditex] [Zara] [Zara] [Zara] Definitions. Marketing Investment Stakeholder Equity Business Performance
  • 9. 16  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  17 Brand Evaluation Services. How are brands perceived in my category? Brand Finance tracks brand fame and perceptions across over 30 markets in 10 consumer categories. Clear, insightful signals of brand performance, with data mining options for those who want to dig deeper – all at an accessible price. What if I need more depth or coverage of a more specialised sector? Our bespoke brand scorecards help with market planning and can be designed to track multiple brands over time, against competitors, between market segments and against budgets. Our 30-country database of brand KPIs enables us to benchmark performance appropriately. Do I have the right brand architecture or strategy in place? Research is conducted in addition to strategic analysis to provide a robust understanding of the current positioning. The effectiveness of alternative architectures is tested through drivers analysis, to determine which option(s) will stimulate the most favourable customer behaviour and financial results. How can I improve return on marketing investment? Using sophisticated analytics, we have a proven track record of developing comprehensive brand scorecard and brand investment frameworks to improve return on marketing investment. What about the social dimension? Does my brand get talked about? Social interactions have a proven commercial impact on brands. We measure actual brand conversation and advocacy, both real-world word of mouth and online buzz and sentiment, by combining traditional survey measures with best-in-class social listening. 1. Valuation: What are my intangible assets worth? Valuations may be conducted for technical purposes and to set a baseline against which potential strategic brand scenarios can be evaluated. + Branded Business Valuation + Trademark Valuation + Intangible Asset Valuation + Brand Contribution 2. Analytics: How can I improve marketing effectiveness? Analytical services help to uncover drivers of demand and insights. Identifying the factors which drive consumer behaviour allows an understanding of how brands create bottom-line impact. Market Research Analytics + Return on Marketing Investment + Brand Audits + Brand Scorecard Tracking + 4. Transactions: Is it a good deal? Can I leverage my intangible assets? Transaction services help buyers, sellers, and owners of branded businesses get a better deal by leveraging the value of their intangibles. + MA Due Diligence + Franchising Licensing + Tax Transfer Pricing + Expert Witness 3. Strategy: How can I increase the value of my branded business? Strategic marketing services enable brands to be leveraged to grow businesses. Scenario modelling will identify the best opportunities, ensuring resources are allocated to those activities which have the most impact on brand and business value. Brand Governance + Brand Architecture Portfolio Management + Brand Transition + Brand Positioning Extension + MARKETING FINANCE TAX LEGAL We help marketers to connect their brands to business performance by evaluating the return on investment (ROI) of brand-based decisions and strategies. We provide financiers and auditors with an independent assessment on all forms of brand and intangible asset valuations. We help brand owners and fiscal authorities to understand the implications of different tax, transfer pricing, and brand ownership arrangements. We help clients to enforce and exploit their intellectual property rights by providing independent expert advice in- and outside of the courtroom. 2. ANA LYTICS3.STR ATEGY4.TRANS ACTIONS1.VALU ATION Brand Business Value Consulting Services.
  • 10. 18  Brand Finance Apparel 50  February 2019 Brand Finance Apparel 50  February 2019  19 We also offer a variety of other services to help communicate your brand’s performance How we can help communicate your brand’s performance in brand value rankings Communications Services. Bespoke Events – organise an award ceremony or celebratory event, coordinate event opportunities and spearhead communications to make the most of them. Digital Infographics – design infographics visualising your brand’s performance for use across social media platforms. Trophies Certificates – provide a trophy and/or hand-written certificate personally signed by Brand Finance CEO to recognise your brand’s performance. Media Support – provide editorial support in reviewing or copywriting your press release, pitching your content to top journalists, and monitoring media coverage. Sponsored Content – publish contributed articles, advertorials, and interviews with your brand leader in the relevant Brand Finance report offered to the press. Video Endorsement – record video with Brand Finance CEO or Director speaking about the performance of your brand, for use in both internal and external communications. Brand Accolade – create a digital endorsement stamp for use in marketing materials, communications, annual reports, social media and website. Advertising use subject to terms and conditions. TOP 50 APPAREL BRAND MOST VALUABLE APPAREL BRAND STRONGEST APPAREL BRAND Value-Based Communications With strategic planning and creative thinking, we develop communications plans to create dialogue with stakeholders that drives brand value. Our approach is integrated, employing tailored solutions for our clients across PR, marketing and social media. SERVICES • Research and Insights • Integrated Communications Planning • Project Management and Campaign Execution • Content and Channel Strategy • Communications Workshops For more information, contact enquiries@brand-dialogue.co.uk or visit www.brand-dialogue.co.uk Brand Dialogue is a member of the Brand Finance plc group of companies B E C O M E A M E M B E R T O D A Y A C O N T E M P O R A R Y A N D E X C L U S I V E I N T H E H E A R T O F T H E C I T Y O F L O N D O N C H A R A C T E R F U L S P A C E with P R I V A T E E V E N T S 3 Birchin Lane, London, EC3V 9B  +44 (0)207 389 9410  enquiries@brandexchange.com Brand Exchange is a member of the Brand Finance plc group of companies M E M B E R S ' E V E N T S F O C U S O N M A R K E T I N G B R A N D I N G D I S C O U N T E D M E M B E R S R O O M H I R E M E M B E R S ' C L U B M E E T I N G S for for
  • 11. 20  Brand Finance Apparel 50  February 2019 T:  +44 (0)20 7389 9400 E:  enquiries@brandfinance.com www.brandfinance.com Market Contact Email Telephone Asia Pacific Samir Dixit s.dixit@brandfinance.com +65 906 98 651 Australia Mark Crowe m.crowe@brandfinance.com +61 282 498 320 Canada Charles Scarlett-Smith c.scarlett-smith@brandfinance.com +1 514 991 5101 Caribbean Nigel Cooper n.cooper@brandfinance.com +1 876 825 6598 China Scott Chen s.chen@brandfinance.com +86 186 0118 8821 East Africa Jawad Jaffer j.jaffer@brandfinance.com +254 204 440 053 France Bertrand Chovet b.chovet@brandfinance.com +33 6 86 63 46 44 Germany Holger Muehlbauer h.muehlbauer@brandfinance.com +49 151 54 749 834 India Savio D’Souza s.dsouza@brandfinance.com +44 207 389 9400 Indonesia Jimmy Halim j.halim@brandfinance.com +62 215 3678 064 Ireland Simon Haigh s.haigh@brandfinance.com +353 087 669 5881 Italy Massimo Pizzo m.pizzo@brandfinance.com +39 02 303 125 105 Japan Jun Tanaka j.tanaka@brandfinance.com +81 90 7116 1881 Mexico LatAm Laurence Newell l.newell@brandfinance.com +52 1559 197 1925 Middle East Andrew Campbell a.campbell@brandfinance.com +971 508 113 341 Nigeria Tunde Odumeru t.odumeru@brandfinance.com +234 012 911 988 Romania Mihai Bogdan m.bogdan@brandfinance.com +40 728 702 705 South Africa Jeremy Sampson j.sampson@brandfinance.com +27 82 885 7300 Spain Teresa de Lemus t.delemus@brandfinance.com +34 654 481 043 Sri Lanka Ruchi Gunewardene r.gunewardene@brandfinance.com +94 114 941670 Turkey Muhterem Ilgüner m.ilguner@brandfinance.com +90 216 352 67 29 UK Richard Haigh rd.haigh@brandfinance.com +44 207 389 9400 USA Laurence Newell l.newell@brandfinance.com +1 917 794 3249 Vietnam Lai Tien Manh m.lai@brandfinance.com +84 90 259 82 28 Brand Finance Network. For further information on our services and valuation experience, please contact your local representative: