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26 Nov 2024 19:05

Advertising & Marketing

Wine and champagne brands pop the corks as brand values grow in post-COVID world

Moët & Chandon is the most valuable wine and champagne brand in the world, valued at US$1.4 billion

Moët & Chandon is also the strongest wine and champagne brand with AAA- brand rating

Lindeman’s achieves brand value growth of 81% and is fastest growing brand in ranking

Moët & Chandon is also the strongest wine and champagne brand with AAA- brand rating

In addition to brand value, Brand Finance determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. Compliant with ISO 20671, Brand Finance’s assessment of stakeholder equity incorporates original market research data from over 100,000 respondents in more than 35 countries and across nearly 30 sectors. In addition to being the most valuable brand in the ranking, Moët & Chandon (brand value up 15% to US$1.4 billion) is also the strongest brand in the ranking with a Brand Strength Index (BSI) score of 82.1 out of 100 and a corresponding brand rating of AAA-.

Moët & Chandon is strengthening its branding with strong retail partnerships with luxury brands including Harrods and Selfridges. Moët & Chandon has launched a permanent champagne bar in Harrods’s food hall, the first of its kind. In addition to high-end retail partners, the brand also partners with online grocery stores such as Ocado and Whole Foods to ensure availability and a strong distribution network across its target markets.

Alex Haigh, Managing Director, Brand Finance, commented: “Over the course of the pandemic, alcoholic brands have been faced with difficult conditions including fluctuating demand due to national lockdowns across the world. The reopening of the economy has allowed the wine and champagne sector to pop many corks in celebration.”

Lindeman’s achieves brand value growth of 81% and is fastest-growing wine and champagne brand in ranking

Lindeman’s (brand value up 81% to US$664 million) is the fastest-growing brand in the champagne and wine ranking. The brand climbed two ranks from last year and made it into the top ten most valuable brands in this year’s ranking. Earlier this year, the Australian wine brand celebrated reaching its goal of 100% carbon neutrality across its wine portfolio. The brand is also working towards transitioning to 100% renewable energy by 2024 to reduce its carbon footprint and contribute to a sustainable future. To achieve and promote its sustainable goals, Lindeman’s is partnering with organisations such as the Carbon Trust and Ecologi.

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