Coca-Cola continues to be 'top brand'
Dubai , August 6, 2007
Coca-Cola has retained the top spot for the seventh year in a row in BusinessWeek’s annual ranking of The Best Global Brands.
The beverage giant’s success is mostly because it is big and everywhere, but it failed to further grow its reputation because its move into healthier drinks has yet to resonate, a statement said.
Google, Zara, Apple and Nintendo are among this year’s top gainers.
For the seventh consecutive year, BusinessWeek has teamed up with Interbrand, a leading brand consultancy, to publish a ranking of the top 100 global brands by brand value.
'Reviving even an established brand isn’t easy once consumers have a negative perception of it. Just ask Ford or Gap, which lost 19 per cent and 15 per cent of their brand value, respectively, in this year’s BusinessWeek/Interbrand annual ranking of the 100 Best Global Brands,' it said.
Several such stories emerged in this year’s ranking. While it’s tempting for a challenged brand to emulate the likes of Google (No. 20), Apple (No. 33), or Starbucks (No. 88), doing so can seem audacious at best, delusional at worst, it said.
A potentially more useful exercise: examining brands that have stumbled but recovered. Take Nokia Corp. (No. 5): The Finnish giant realised its focus on making cheap handsets for the developing world was hurting in the US and Europe.
Nokia released high-end phones aimed at both the consumer and business user and is showing strength in emerging and mature markets alike.
BusinessWeek chose Interbrand’s methodology because it evaluates brand value in the same way any other corporate asset is valued—on the basis of how much it is likely to earn for the company in the future. Interbrand uses a combination of analysts’ projections, company financial documents, and its own qualitative and quantitative analysis to arrive at a net present value of those earnings. Interbrand takes many ingredients into account when ranking the value of the Best Global Brands.
Even to qualify for the list, each brand must derive at least a third of its earnings outside its home country, be recognisable outside of its base of customers, and have publicly available marketing and financial data.-TradeArabia News Service
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