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ITALBRAND 2011




   TOP 100
ITALIAN BRANDS




    | ItalBrand 2011 | TOP Italian Brands |   |1|
About the ItalBrand


In every country the different brands have become popular in different ways. And no matter how well
global brands known in this country, national brands have the greatest impact on consumers. And
today these are the brands that becomes a major and very valuable assets, because a strong brand,
regardless of its scale allows the company to retain or to gain significant market share, and also
provides an opportunity to actively develop and promote their products in foreign markets.

Also the business are increasingly confronted with a situation where the brand has become one of the
most expensive assets in the company's value, even compared with manufacturing facilities. And in
such a situation, the cost of advertising is paid the most attention in mergers and acquisitions, as well
as in public offerings of shares on stock markets or placing other types of securities in order to attract
investment. And it is here necessary to solve the puzzle, when the company realizes the full value of
their brand, but can not express it in concrete figures.

After several researches made, the optimal solution was found, and since early 2010, the agency
MPP Consulting has established long-term project of evaluation of national brands and in 2011
created the rating of the most expensive brands of Italy.

The main task of rating ItalBrand 2011 was to determine the 100 most expensive Italian brands, as
well as their current real market value, based on the financial performance of companies using such
brands (trademarks), as well as the positions of each company in the market and prospects for
development both companies and their brands.

It is worth noting that the ranking only includes brands created in Italy or for Italian goods (services),
although how much later they became known to the domestic or world markets. That geographical
origin of brands from the Italy was the main criterion for selection of brands (trademarks), assessed in
ratings.




* All rights to brands and trademarks mentioned or referred to in the ranting belong to their respective owners.




                                               | ItalBrand 2011 | TOP Italian Brands |                             |2|
Methodology


The methodology of the brand evaluation based on the evaluation of activity of companies brand-
owners, and also takes into account several factors showing the market conditions that influence the
brands, possible threats and perspectives for industries development.

This methodology is based on analysis of factors influencing the market value of the brand: the
company's position on market, consumer value of brand, as well as on some factors like the actual
trends for the company and its brand.

Brand value calculation formula:


    V = Fc * (Iq * Gq * Tq * Cq) * Uid

 V – brand value
 Fc – composite financial index
 Iq – investments index
 Gq – geographical index
 Tq – technique index
 Cq - competitive index
 Uid – unique ID


It is worth noting that the brand value includes only the cost of the brand (name), excluding production
facilities, infrastructure, patents, inventions and other tangible or intellectual property.


* Value of Brands in rating indicated in millions $




                                                | ItalBrand 2011 | TOP Italian Brands |             |3|
TOP 100         1 - 20

     Brand              Value, mln.$                Logo                              Industry

1    Ferrari               5 520                                          Automotive

2    Gucci                 4 615                                          Clothing & Fashion

3    Prada                 4 439                                          Clothing & Fashion

4    Giorgio Armani        4 012                                          Clothing & Fashion

5    Martini               3 007                                          Alcohol

6    Dolce & Gabbana       2 587                                          Clothing & Fashion

7    Bulgari               2 241                                          Clothing & Fashion

8    Barilla               1 883                                          Foods

9    Chicco                1 742                                          Clothing & Fashion

10   Benetton              1 258                                          Clothing & Fashion

11   Generali              1 237                                          Insurance

12   Intesa Sanpaolo       1 148                                          Financial services

13   Diesel                1 082                                          Clothing & Fashion

14   Pirelli               1 023                                          Chemistry

15   Lamborghini           1 001                                          Automotive

16   UniCredit              950                                           Financial services

17   Nutella                922                                           Confectionary

18   Indesit                857                                           Household equipment

19   Versace                852                                           Clothing & Fashion

20   Maserati               842                                           Automotive




                                | ItalBrand 2011 | TOP Italian Brands |                          |4|
TOP 100            21 - 40

     Brand                  Value, mln.$               Logo                            Industry

21   S.Pellegrino               818                                          Drinks

22   Alfa Romeo                 806                                          Automotive

23   Nastro Azzuro              770                                          Beer

24   Santal                     765                                          Drinks

25   Galbani                    761                                          Foods

26   Lavazza                    697                                          Coffee

27   FIAT                       678                                          Automotive

28   Zanussi                    656                                          Household equipment

29   Lancia                     593                                          Automotive

30   Ferrero                    590                                          Foods

31   Valentino                  586                                          Clothing & Fashion

32   Cinzano                    518                                          Alcohol

33   Tiscali                    511                                          Telecommunication

34   Lactis                     509                                          Milk

35   San Benedetto              505                                          Drinks

36   Parmalat                   499                                          Milk

37   Salvatore Ferragamo        497                                          Clothing & Fashion

38   Illy                       488                                          Coffee

39   Telecom Italia             477                                          Telecommunication

40   De' Longhi                 461                                          Household equipment




                                   | ItalBrand 2011 | TOP Italian Brands |                         |5|
TOP 100        41 - 60

     Brand             Value, mln.$               Logo                            Industry

41   Aprilia               450                                          Automotive

42   Ichnusa               447                                          Beer

43   Fila                  436                                          Clothing & Fashion

44   Moschino              417                                          Clothing & Fashion

45   Moretti               412                                          Beer

46   Ariston               404                                          Household equipment

47   Carnini               400                                          Foods

48   Lotto                 398                                          Clothing & Fashion

49   Fendi                 393                                          Clothing & Fashion

50   Agip                  383                                          Oil & Fuels

51   Miu Miu               374                                          Clothing & Fashion

52   Peroni                371                                          Beer

53   Disaronno             370                                          Alcohol

54   Brioni                354                                          Clothing & Fashion

55   Mandarina Duck        321                                          Clothing & Fashion

56   Campari               315                                          Alcohol

57   Diadora               311                                          Clothing & Fashion

58   Iveco                 307                                          Automotive

59   Ducati                299                                          Automotive

60   Juventus              292                                          Sport




                              | ItalBrand 2011 | TOP Italian Brands |                         |6|
TOP 100             61 - 80

     Brand                  Value, mln.$               Logo                              Industry

61   Mediobanca                 286                                          Financial services

62   Gianfranco Ferré           271                                          Clothing & Fashion

63   Candy                      240                                          Household equipment

64   Cerruti 1881               236                                          Clothing & Fashion

65   Motta                      227                                          Foods

66   Roberto Cavalli            226                                          Clothing & Fashion

67   Divella                    221                                          Foods

68   Acqua Panna                208                                          Drinks

69   Tic Tac                    205                                          Confectionary

70   Keglevich                  204                                          Alcohol

71   Colavita                   202                                          Foods

72   Luxardo                    198                                          Alcohol

73   Cascina verdesole          194                                          Foods

74   Deborah                    190                                          Cosmetics

75   Nordica                    189                                          Equipment

76   Centrale Latte Roma        188                                          Milk

77   Rummo                      185                                          Foods

78   Ermenegildo Zegna          184                                          Clothing & Fashion

79   Massimo Zanetti            174                                          Coffee

80   Autogrill                  167                                          HoReCa




                                   | ItalBrand 2011 | TOP Italian Brands |                          |7|
TOP 100        81 - 100

      Brand             Value, mln.$               Logo                              Industry

81    Caffarel              163                                          Confectionary

82    Roma                  159                                          Sport

83    Bottega Veneta        150                                          Clothing & Fashion

84    Lazzaroni             148                                          Foods

85    Sole                  145                                          Foods

86    GAS                   143                                          Clothing & Fashion

87    Kappa                 139                                          Clothing & Fashion

88    Pavesi                138                                          Foods

89    Jacuzzi               133                                          Household equipment

90    Alitalia              132                                          Transport

91    Sparco                131                                          Equipment

92    Blumarine             130                                          Clothing & Fashion

93    Inter                 129                                          Sport

94    Pupa                  126                                          Cosmetics

95    Mulino Bianco         124                                          Foods

96    Geox                  122                                          Clothing & Fashion

97    Célia                 118                                          Milk

98    Inalca                117                                          Foods

99    MaxMara               116                                          Clothing & Fashion

100   Locatelli             115                                          Milk




                               | ItalBrand 2011 | TOP Italian Brands |                          |8|
Conclusions


The rating ItalBrand 2011 is the 5th rating of the project TOP National Brands in 2011.

The issue of defining the most expensive national brands is not new, and consist not only in the
complexity of the assessment, but in the presence of a single methodology that would unify the
approach to this process regardless of the regional characteristics of each countries.

That is why our agency primarily goal was to create a common brand evaluation methodology that
could be used to determine the real market value of any brand in any market.

Process of developing a methodology was started in 2006 and only four years later she was finally
worked out in practice and has shown its real effectiveness. Thus, the use of this rating method of
brand evaluation most accurately reflects options, forming the current market value of each brand,
and allows us to create the rating of the most expensive national brands of any country.

We hope that this rating, as well as an evaluation technique will be in demand by companies and
investors, and help more accurately and quickly determine the current real market value of each
brand.


MPP Consulting
Kiev, Ukraine
+38-044-361-46-47

www.mppconsulting.com.ua
office@mppconsulting.com.ua




                                      | ItalBrand 2011 | TOP Italian Brands |                      |9|

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ItalBrand 2011 - TOP 100 Italian Brands

  • 1. ITALBRAND 2011 TOP 100 ITALIAN BRANDS | ItalBrand 2011 | TOP Italian Brands | |1|
  • 2. About the ItalBrand In every country the different brands have become popular in different ways. And no matter how well global brands known in this country, national brands have the greatest impact on consumers. And today these are the brands that becomes a major and very valuable assets, because a strong brand, regardless of its scale allows the company to retain or to gain significant market share, and also provides an opportunity to actively develop and promote their products in foreign markets. Also the business are increasingly confronted with a situation where the brand has become one of the most expensive assets in the company's value, even compared with manufacturing facilities. And in such a situation, the cost of advertising is paid the most attention in mergers and acquisitions, as well as in public offerings of shares on stock markets or placing other types of securities in order to attract investment. And it is here necessary to solve the puzzle, when the company realizes the full value of their brand, but can not express it in concrete figures. After several researches made, the optimal solution was found, and since early 2010, the agency MPP Consulting has established long-term project of evaluation of national brands and in 2011 created the rating of the most expensive brands of Italy. The main task of rating ItalBrand 2011 was to determine the 100 most expensive Italian brands, as well as their current real market value, based on the financial performance of companies using such brands (trademarks), as well as the positions of each company in the market and prospects for development both companies and their brands. It is worth noting that the ranking only includes brands created in Italy or for Italian goods (services), although how much later they became known to the domestic or world markets. That geographical origin of brands from the Italy was the main criterion for selection of brands (trademarks), assessed in ratings. * All rights to brands and trademarks mentioned or referred to in the ranting belong to their respective owners. | ItalBrand 2011 | TOP Italian Brands | |2|
  • 3. Methodology The methodology of the brand evaluation based on the evaluation of activity of companies brand- owners, and also takes into account several factors showing the market conditions that influence the brands, possible threats and perspectives for industries development. This methodology is based on analysis of factors influencing the market value of the brand: the company's position on market, consumer value of brand, as well as on some factors like the actual trends for the company and its brand. Brand value calculation formula: V = Fc * (Iq * Gq * Tq * Cq) * Uid V – brand value Fc – composite financial index Iq – investments index Gq – geographical index Tq – technique index Cq - competitive index Uid – unique ID It is worth noting that the brand value includes only the cost of the brand (name), excluding production facilities, infrastructure, patents, inventions and other tangible or intellectual property. * Value of Brands in rating indicated in millions $ | ItalBrand 2011 | TOP Italian Brands | |3|
  • 4. TOP 100 1 - 20 Brand Value, mln.$ Logo Industry 1 Ferrari 5 520 Automotive 2 Gucci 4 615 Clothing & Fashion 3 Prada 4 439 Clothing & Fashion 4 Giorgio Armani 4 012 Clothing & Fashion 5 Martini 3 007 Alcohol 6 Dolce & Gabbana 2 587 Clothing & Fashion 7 Bulgari 2 241 Clothing & Fashion 8 Barilla 1 883 Foods 9 Chicco 1 742 Clothing & Fashion 10 Benetton 1 258 Clothing & Fashion 11 Generali 1 237 Insurance 12 Intesa Sanpaolo 1 148 Financial services 13 Diesel 1 082 Clothing & Fashion 14 Pirelli 1 023 Chemistry 15 Lamborghini 1 001 Automotive 16 UniCredit 950 Financial services 17 Nutella 922 Confectionary 18 Indesit 857 Household equipment 19 Versace 852 Clothing & Fashion 20 Maserati 842 Automotive | ItalBrand 2011 | TOP Italian Brands | |4|
  • 5. TOP 100 21 - 40 Brand Value, mln.$ Logo Industry 21 S.Pellegrino 818 Drinks 22 Alfa Romeo 806 Automotive 23 Nastro Azzuro 770 Beer 24 Santal 765 Drinks 25 Galbani 761 Foods 26 Lavazza 697 Coffee 27 FIAT 678 Automotive 28 Zanussi 656 Household equipment 29 Lancia 593 Automotive 30 Ferrero 590 Foods 31 Valentino 586 Clothing & Fashion 32 Cinzano 518 Alcohol 33 Tiscali 511 Telecommunication 34 Lactis 509 Milk 35 San Benedetto 505 Drinks 36 Parmalat 499 Milk 37 Salvatore Ferragamo 497 Clothing & Fashion 38 Illy 488 Coffee 39 Telecom Italia 477 Telecommunication 40 De' Longhi 461 Household equipment | ItalBrand 2011 | TOP Italian Brands | |5|
  • 6. TOP 100 41 - 60 Brand Value, mln.$ Logo Industry 41 Aprilia 450 Automotive 42 Ichnusa 447 Beer 43 Fila 436 Clothing & Fashion 44 Moschino 417 Clothing & Fashion 45 Moretti 412 Beer 46 Ariston 404 Household equipment 47 Carnini 400 Foods 48 Lotto 398 Clothing & Fashion 49 Fendi 393 Clothing & Fashion 50 Agip 383 Oil & Fuels 51 Miu Miu 374 Clothing & Fashion 52 Peroni 371 Beer 53 Disaronno 370 Alcohol 54 Brioni 354 Clothing & Fashion 55 Mandarina Duck 321 Clothing & Fashion 56 Campari 315 Alcohol 57 Diadora 311 Clothing & Fashion 58 Iveco 307 Automotive 59 Ducati 299 Automotive 60 Juventus 292 Sport | ItalBrand 2011 | TOP Italian Brands | |6|
  • 7. TOP 100 61 - 80 Brand Value, mln.$ Logo Industry 61 Mediobanca 286 Financial services 62 Gianfranco Ferré 271 Clothing & Fashion 63 Candy 240 Household equipment 64 Cerruti 1881 236 Clothing & Fashion 65 Motta 227 Foods 66 Roberto Cavalli 226 Clothing & Fashion 67 Divella 221 Foods 68 Acqua Panna 208 Drinks 69 Tic Tac 205 Confectionary 70 Keglevich 204 Alcohol 71 Colavita 202 Foods 72 Luxardo 198 Alcohol 73 Cascina verdesole 194 Foods 74 Deborah 190 Cosmetics 75 Nordica 189 Equipment 76 Centrale Latte Roma 188 Milk 77 Rummo 185 Foods 78 Ermenegildo Zegna 184 Clothing & Fashion 79 Massimo Zanetti 174 Coffee 80 Autogrill 167 HoReCa | ItalBrand 2011 | TOP Italian Brands | |7|
  • 8. TOP 100 81 - 100 Brand Value, mln.$ Logo Industry 81 Caffarel 163 Confectionary 82 Roma 159 Sport 83 Bottega Veneta 150 Clothing & Fashion 84 Lazzaroni 148 Foods 85 Sole 145 Foods 86 GAS 143 Clothing & Fashion 87 Kappa 139 Clothing & Fashion 88 Pavesi 138 Foods 89 Jacuzzi 133 Household equipment 90 Alitalia 132 Transport 91 Sparco 131 Equipment 92 Blumarine 130 Clothing & Fashion 93 Inter 129 Sport 94 Pupa 126 Cosmetics 95 Mulino Bianco 124 Foods 96 Geox 122 Clothing & Fashion 97 Célia 118 Milk 98 Inalca 117 Foods 99 MaxMara 116 Clothing & Fashion 100 Locatelli 115 Milk | ItalBrand 2011 | TOP Italian Brands | |8|
  • 9. Conclusions The rating ItalBrand 2011 is the 5th rating of the project TOP National Brands in 2011. The issue of defining the most expensive national brands is not new, and consist not only in the complexity of the assessment, but in the presence of a single methodology that would unify the approach to this process regardless of the regional characteristics of each countries. That is why our agency primarily goal was to create a common brand evaluation methodology that could be used to determine the real market value of any brand in any market. Process of developing a methodology was started in 2006 and only four years later she was finally worked out in practice and has shown its real effectiveness. Thus, the use of this rating method of brand evaluation most accurately reflects options, forming the current market value of each brand, and allows us to create the rating of the most expensive national brands of any country. We hope that this rating, as well as an evaluation technique will be in demand by companies and investors, and help more accurately and quickly determine the current real market value of each brand. MPP Consulting Kiev, Ukraine +38-044-361-46-47 www.mppconsulting.com.ua office@mppconsulting.com.ua | ItalBrand 2011 | TOP Italian Brands | |9|