Brand Finance logo

Booze brands remain on top in annual ranking of top 25 Irish brands

20 March 2024
Jump to Media Downloads

Irish heritage brands continue to brew global brand power, according to new data from Brand Finance

  • Guinness keeps the tap flowing, retaining its title as the most valuable Irish brand, while Baileys is the strongest Irish brand
  • Airline brands take flight in latest ranking, fuelled by resurgence in leisure travel
  • Primark/Penney’s maintains top 3 position amongst most valuable Irish brands

March 20, 2024 (LONDON) – Valued at EUR2.4 billion, Guinness remains the most valuable Irish brand for the third consecutive year, according to new data from Brand Finance, the world’s leading brand valuation consultancy.

Guinness continues to leverage its unique heritage and authentic brand story to stand out in a crowded beer market, with associations like St. Patrick’s Day and the Six Nations Rugby strengthening the brand’s familiarity. The brand's recent partnerships with the Women's Six Nations rugby tournament and popular DJ Fred Again have bolstered Guinness' appeal to younger consumers, ensuring that the brand remains relevant in an increasingly competitive market landscape.

Henry Farr, Associate Director at Brand Finance, commented,

“Guinness’ position as the most valuable Irish brand once again is a testament to its rich heritage, iconic status, and unparalleled reputation for quality. Guinness has successfully maintained consumer loyalty through its authentic brand story and the distinctive brand identity that it has commanded for decades, while new and innovative product developments ensure that the brand remains appealing to emerging demographics within an increasingly competitive marketplace.”

Iconic cream liquor brand Baileys is once again crowned the strongest Irish brand, earning a brand strength index (BSI) score of 81/100 and an equivalent BSI rating of AAA-. Baileys has successfully maintained its premium positioning and indulgent image over the decades, setting it apart from competitors. The brand continues to command exceptional awareness and familiarity among consumers in its home market of Ireland, solidifying its reputation as one of the world's bestselling and most popular liquor brands.

Ryanair cements its position as Ireland's second most valuable brand at EUR2.4 billion. Ireland’s flag carrier Aer Lingus is also on the ascent, increasing its brand value by 8.6% to EUR274.6 billion to become the second fastest-growing Irish brand. Capitalizing on soaring post-pandemic travel demand, these airlines’ increased capacity, aggressive route expansions, and enhanced operational efficiency have strengthened consumer loyalty and fuelled demand.

Ranked as the 3rd most valuable Irish brand, Primark / Penney’s is valued at EUR2 billion. The brand’s core value proposition of offering ultra-low prices on continues to resonate strongly with cost-conscious consumers. The brand has also focused on expanding its digital presence and leveraging social media partnerships to retain and expand its popularity amongst younger demographics.

Media Downloads

These images may be downloaded and used for publication. Please attribute to Brand Finance.
Copyright © 2024 Brand Finance. All rights reserved.

Media Contacts

Penny Erricker
Communications Executive
Brand Finance

About Brand Finance

Brand Finance is the world’s leading brand valuation consultancy. Bridging the gap between marketing and finance for more than 25 years, Brand Finance evaluates the strength of brands and quantifies their financial value to help organizations of all kinds make strategic decisions.

Headquartered in London, Brand Finance has offices in over 20 countries, offering services on all continents. Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports which rank brands across all sectors and countries.

Brand Finance also operates the Global Brand Equity Monitor, conducting original market research annually on over 5,000 brands, surveying more than 150,000 respondents across 38 countries and 31 industry sectors. Combining perceptual data from the Global Brand Equity Monitor with data from its valuation database enables Brand Finance to arm brand leaders with the data and analytics they need to enhance brand and business value.

Brand Finance is a regulated accountancy firm, leading the standardization of the brand valuation industry. Brand Finance was the first to be certified by independent auditors as compliant with both ISO 10668 and ISO 20671 and has received the official endorsement of the Marketing Accountability Standards Board (MASB) in the United States.

Definition of Brand

Brand is defined as a marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos, and designs, intended to identify goods, services, or entities, creating distinctive images and associations in the minds of stakeholders, thereby generating economic benefits.

Brand Strength

Brand strength is the efficacy of a brand’s performance on intangible measures relative to its competitors. Brand Finance evaluates brand strength in a process compliant with ISO 20671, looking at Marketing Investment, Stakeholder Equity, and the impact of those on Business Performance. The data used is derived from Brand Finance’s proprietary market research programme and from publicly available sources.

Each brand is assigned a Brand Strength Index (BSI) score out of 100, which feeds into the brand value calculation. Based on the score, each brand is assigned a corresponding Brand Rating up to AAA+ in a format similar to a credit rating.

Brand Valuation Approach

Brand Finance calculates the values of brands in its rankings using the Royalty Relief approach – a brand valuation method compliant with the industry standards set in ISO 10668. It involves estimating the likely future revenues that are attributable to a brand by calculating a royalty rate that would be charged for its use, to arrive at a ‘brand value’ understood as a net economic benefit that a brand owner would achieve by licensing the brand in the open market.

The steps in this process are as follows:

1 Calculate brand strength using a balanced scorecard of metrics assessing Marketing Investment, Stakeholder Equity, and Business Performance. Brand strength is expressed as a Brand Strength Index (BSI) score on a scale of 0 to 100.

2 Determine royalty range for each industry, reflecting the importance of brand to purchasing decisions. In luxury, the maximum percentage is high, while in extractive industry, where goods are often commoditised, it is lower. This is done by reviewing comparable licensing agreements sourced from Brand Finance’s extensive database.

3 Calculate royalty rate. The BSI score is applied to the royalty range to arrive at a royalty rate. For example, if the royalty range in a sector is 0-5% and a brand has a BSI score of 80 out of 100, then an appropriate royalty rate for the use of this brand in the given sector will be 4%.

4 Determine brand-specific revenues by estimating a proportion of parent company revenues attributable to a brand.

5 Determine forecast revenues using a function of historic revenues, equity analyst forecasts, and economic growth rates.

6 Apply the royalty rate to the forecast revenues to derive brand revenues.

7 Discount post-tax brand revenues to a net present value which equals the brand value.


Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions presented in this study are based on publicly available information and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the study are not to be construed as providing investment or business advice. Brand Finance does not intend the study to be relied upon for any reason and excludes all liability to any body, government, or organisation.

The data presented in this study form part of Brand Finance's proprietary database, are provided for the benefit of the media, and are not to be used in part or in full for any commercial or technical purpose without written permission from Brand Finance.

Get in Touch