· Telcel, Cemex, and Bimbo featured as top performers
· The most extensive valuation of Mexican brands to date
· Brands are some of the most valuable assets companies posses – understanding their value is fundamental to deliver maximum returns on the business
· Mexico to participate in discussions for ISO 10668, the international standard establishing the key requirements to determine the monetary value of a brand
Mexico City and London – Brand Finance, the world’s leading brand valuation and strategy consultancy, published today the list of Mexico’s 50 Most Valuable Brands, in a first ranking of this kind performed by the firm for Mexico, or any Spanish speaking country in Latin America. Brand Finance has been tracking the value of hundreds and thousands of the world’s top brands for nearly twenty years. The Top 50 brands from Mexico are featured in the Brand Finance Mexico 50, the most extensive listing of Mexican brand values ever announced.
“Brands are some of the most valuable assets that companies and other organizations possess,” said Laurence Newell, Managing Director for Brand Finance in Mexico. “Understanding brand value is key to delivering maximum returns to the business, and this exercise is essential for brands in Mexico, as in the rest of the world.”
Telcel, Cemex, and Bimbo top the list. Other highlights from the Brand Finance Mexico 50 include:
· Grupo Bimbo owns what is perhaps the most valuable portfolio of consumer brands in Mexico. In the list of Mexico’s Top 50, four of the company’s brands are featured, including Bimbo (3), Marinela (29), Tia Rosa (30), and Oroweat (48).
· The list reveals that in Mexico, the ‘brands behind the brands’, despite being lesser-known players, are often as respectable in terms of value as their consumer facing brands. Such is the case of Arca Continental (12), Sigma Alimentos (25), and Femsa (50).
· Mexico’s Top 50 features young brands that in a short amount of time have become important players in the market, such as izzi (22) and Volaris (45).
· Carlos Slim owns one of Mexico’s most diversified and valuable brands portfolio. Five of his brands are ranked in Brand Finance Mexico’s Top 50, including top performer, Telcel, Telmex (6), Sanborns (17), Inbursa (19), and Condumex (24).
· The food and beverage sector is prominently represented throughout the list, such as Grupo Herdez, who owns two: Herdez (39) and Del Fuerte (42); Anheuser-Busch Inbev’s Corona (4) and Heineken’s Sol (13), in the beverages category; and Grupo Lala (15) and Bachoco (38) as agricultural producers.
· The retail sector is well represented with players that include Liverpool (10) and Palacio de Hierro (36); Soriana (9), Chedraui (16), Comercial Mexicana (33), and Oxxo (5) in food retail; and Elektra (31) and Grupo Famsa (43).
· Important industrial brands also make the ranking, including second ranked Cemex, Grupo México (14), Mexichem (23), and Fresnillo mining company (46).
“Every year Brand Finance puts thousands of the world’s top brands to the test and issues these rankings for many countries around the world,” said Brand Finance Chief Executive David Haigh. “We are pleased to do this for the first time in the Mexican market, given that brands have a powerful effect on the long term financial performance and enterprise value of businesses. Anyone tasked with reporting to shareholders in Mexico or around the world should have brand strength and brand value front of mind.”
Mexico to participate in discussions for a consistent framework for the valuation of local, national, and international brands both large and small.
In 2007 the International Organization for Standardization (ISO) set up a task force to draft an International Standard on monetary brand valuation. After 3 years, ISO 10668 – Monetary Brand Valuation was released in late 2010, establishing the principles which should be adopted when valuing any brand. Brand Finance’s CEO and founder, David Haigh, was instrumental in the development of ISO 10668, alongside other industry experts.
This year, the Mexican National Committee for ISO is hosting the 3rd plenary meeting of the ISO Technical Committee, responsible for reviewing the creation of an approach to brand valuation that is transparent, reconcilable, and repeatable. The plenary meeting will be held in Cancun, Mexico coordinated by ANCE, A.C., a civil association with over 20 years of experience in norms and certification. On this occasion, and for the first time, Mexico will have active representation in the discussions to be held in Cancun, after Brand Finance Mexico joined the local mirror committee on brand valuation.
Brand Finance recently opened operations in Mexico. The office will service other Spanish speaking nations in Latin America and will be headed by long time branding expert, Laurence Newell.