Louis Vuitton holds firm as France’s most valuable brand as the combined value of the BrandZ Top 50 Most Valuable French Brands rises by 6% to $309.7 billion, a growth rate that outperformed the country’s GDP and makes it one of Western Europe’s strongest markets.
France’s stable of luxury and premium brands are the most successful brands for 2020, owing a lot of their strength to global expansion and brand awareness, which has helped them navigate challenging domestic headwinds.
BrandZ Top 50 Most Valuable French Brands 2020
Watch the Top 50 countdown video
Take a look at the key players in this year’s ranking.
Luxury brands dominate the 2019 BrandZ Top 50 Most Valuable Brands Ranking, contributing 47% of the ranking’s $293.1 billion total value.
With a strong year-on-year growth of 12%, this still lags many of the other BrandZ country rankings, potentially due to the comparatively low innovation score achieved by the country’s top brands. Innovation is a key growth driver, however, new product development isn’t the only way for consumers to perceive a brand as innovative. Brands being Socially Responsible, when communicated well, is proving to be a strong value driver for French brands; brands that consumers perceive as being socially responsible are growing 14% year-on-year.
Take a look at the report to discover what consumers really think about France’s most valuable brands, which brands have climbed the ranking, and how to build a strong brand that stands the test of time.
Kantar and WPP have announced the first BrandZ™ Top 50 Most Valuable French Brands ranking and report. This annual report will track and anticipate the evolving landscape for French brands, and chart their fortunes.
The total brand value of the French Top 50 brands is $240 billion. Luis Vuitton bags the top spot, followed by Hermès and L’Oréal Paris. Luxury brands dominate the ranking with and a combined brand value of $88.9bn, demonstrating the role that heritage plays in turbo-charging some of the biggest French brands
BrandZ research reveals that France’s most valuable brands are incredibly well known and salient but also highlights a key challenge; they can be perceived as less innovative than some smaller French companies and foreign rivals.
Read the report to find out more about the French market; how the most successful brands are performing along with new strategies for building healthy brands that will stand the test of time.