Economic downturn knocks $67bn off top 100 global brands

The recession has wiped $67bn (£38bn) off the brand value of the top 100 global brands, according to a report by Brand Finance, although value for money brands are doing well as luxury brands such as Nike suffer.Between January and September the brand value of the 100 most valuable global brands has decreased by 4.2%, a drop of $67bn (£38bn).