2021-05-11 15:36:10 GMT2021-05-11 23:36:10(Beijing Time) Xinhua English
LONDON, May 11 (Xinhua) Chinese brands have showcased incredible resilience to the challenges presented by the COVID-19 pandemic, the London-based brand valuation consultancy Brand Finance said Tuesday in a report.
In the Brand Finance China 500 2021 Ranking report, Brand Finance said the total value of Brand Finance China 500 ranking remains stable year on year despite the pandemic, standing at 1.94 trillion U.S. dollars in 2021.
Brands at the forefront of the nation s successful response to the health emergency and those powering the transition of consumption online across the pharma, retail, and media sectors have performed particularly well and recorded the highest brand value increases, said the report.
Arcadia’s Brand Portfolio Worth £800 Million up for Grabs – Brand Finance
In January 2020, Brand Finance estimated the value of the Arcadia Group Ltd portfolio of brands at £800 million with Topshop accounting for a substantial proportion. It is the latest high street brand to go under, following Debenhams, House of Fraser and Edinburgh Woollen Mills.
Richard Haigh, Managing Director of Brand Finance, commented:
“Despite the huge brand value at the start of the year, none of Arcadia’s portfolio was on the balance sheet. Much of the value will now have been lost due to the collapse of the business but Arcadia going into administration offers an unmissable opportunity for strategic acquisitions. Deloitte will have an interesting job extracting the value from an impressive portfolio of brands.”