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UK’s Most Valuable Brands: Horse Meat Won’t Put Tesco to Pasture

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