Recent scandal over horsemeat masquerading as beef didn’t have much impact on the retail world–expect, of course, for the British supermarket-slash-retailer Tesco, which was widely implicated in the scandal, and saw market shares drop below 30% following the news.
But surprisingly, a new report reveals that Tesco, which lost 2% of its brand value in the last year, is still the “most valuable” UK retail brand, worth £7.2 billion (or $10.2 billion), far ahead of the 2nd most valuable–Marks & Spencer, which is worth a mere £4.3 billion.
The report was published by Interbrand’s The Brand Consultancy. Here are the UK’s most valuable brands, according to their findings:
1. Tesco
Brand value: £7.2bn
Change: -2%
2. Marks & Spencer
Brand value: £4.3bn
Change: 5%
3. Boots
Brand value: £2.2bn
Change: 16%
4. Asda
Brand value: £1.1bn
Change: 6%
5. Next
Brand value: £910m
Change: 4%
6. Sainsbury’s
Brand value: £700m
Change: 9%
7. Argos
Brand value: £533m
Change: -8%
8. Morrisons
Brand value: £300m
Change: 3%
9. Waitrose
Brand value: £284m
Change: 12%
10. Asos
Brand value: £275m
Change: New entry