이재명, 하룻밤 사이에 선인善人이 된 것으로 착각함

문재인이 정청래 극딜, 진중권도 정청래 김두관 극딜 : <a href="http://cafe.daum.net/unitalk/9bYO/1734">http://cafe.daum.net/unitalk/9bYO/1734</a> <img src="https://t1.daumcdn.net/cfile/cafe/99A0F14F5F14FFF035" class="txc-image" width="1024" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="1024" exif="{}" data-filename="d53a8f02f8995e181e038b9bb7f966c9_11274104636.jpg" id="A_99A0F14F5F14FFF035DE67"/> <img src="https://t1.daumcdn.net/cfile/cafe/99A0364F5F14FFF035" class="txc-image" width="750" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="750" exif="{}" data-filename="Screenshot 2020-07-20 at 11.19.39.jpg" id="A_99A0364F5F14FFF0352857"/> <img src="https://t1.daumcdn.net/cfile/cafe/99A03A4F5F14FFF135" class="txc-image" width="756" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="756" exif="{}" data-filename="Screenshot 2020-07-20 at 11.19.56.jpg" id="A_99A03A4F5F14FFF1356E93"/> 이재명 "서울‧부산시장 후보 내지 말아야…" "정치는 신뢰 중요, 장사꾼도 신뢰 위해 손실 감수해…" <a href="https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=102&oid=079&aid=0003385431">https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=102&oid=079&aid=0003385431</a> <img src="https://t1.daumcdn.net/cfile/cafe/99A1494F5F14FFF135" class="txc-image" width="780" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="780" exif="{}" data-filename="dbdea864169752d675a1808d54e07b78.png" id="A_99A1494F5F14FFF135AD21"/> <img src="https://t1.daumcdn.net/cfile/cafe/99A0ED4F5F14FFF235" class="txc-image" width="780" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="780" exif="{}" data-filename="2f840a6b3cc576887da5efbf7f03464e.png" id="A_99A0ED4F5F14FFF2353BDA"/> <img src="https://t1.daumcdn.net/cfile/cafe/995472345F152B1A29" class="txc-image" width="900" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="900" exif="{}" data-filename="2018-06-11-071045647-The-50-most-valuable-brands---companies-in-Germany-1-10.jpg" id="A_995472345F152B1A29BA84"/> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); text-transform: none; line-height: 1.6; text-indent: 0pt; letter-spacing: normal; font-family: "Times New Roman", 굴림, gulim; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw=="); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;'>Germany’s 50 most valuable brands<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); text-transform: none; line-height: 1.6; text-indent: 0pt; letter-spacing: normal; font-family: "Times New Roman", 굴림, gulim; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw=="); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;'>An overview of the most valuable brands in Germany, including headquarter city and when the company was established:<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); text-transform: none; line-height: 1.6; text-indent: 0pt; letter-spacing: normal; font-family: "Times New Roman", 굴림, gulim; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw=="); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;'> <table class="__se_tbl" id="table_1" style='margin: 2pt; border: currentColor; border-image: none; width: 419.54pt; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: "Times New Roman", 굴림, gulim; font-size: 14px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; border-collapse: collapse; table-layout: fixed; min-height: 527.88pt; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;' cellspacing="0" summary="table"><tbody><tr style="height: 527.88pt;"><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>1. SAP<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $48,943 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Walldorf<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Technology<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1972<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>2. Deutsche Telekom<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $39,215 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Bonn<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Telecom Providers<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1995<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>3. Bayerische Motoren Werke (BMW)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $24,606 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Munich<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Cars<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1916<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>4. Daimler<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $23,587 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Stuttgart<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Cars<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1883<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>5. Deutsche Post<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $18,344 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Bonn<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Logistics<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1969<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> </td><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>6. Siemens<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $15,224 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Berlin/Munich<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Conglomerate<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1847<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>7. Aldi<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $12,893 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Essen (ALDI Nord) and Mülheim (ALDI Süd)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1913<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>8. Adidas<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $11,820 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Herzogenaurach<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Apparel<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1949<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>9. Bosch (part of Robert Bosch)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $9,816 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Munich<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Conglomerate<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1886<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>10. Audi<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $8,580 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Ingolstadt<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Cars<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1909</td></tr></tbody></table><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); text-transform: none; line-height: 1.6; text-indent: 0pt; letter-spacing: normal; font-family: "Times New Roman", 굴림, gulim; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw=="); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;'>  <img src="https://t1.daumcdn.net/cfile/cafe/995283405F152B9729" class="txc-image" width="900" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="900" exif="{}" data-filename="2018-06-11-071111699-The-50-most-valuable-brands---companies-in-Germany-11-20.jpg" id="A_995283405F152B9729DE87"/> <table class="__se_tbl" id="table_1" style='margin: 2pt; border: currentColor; border-image: none; width: 419.54pt; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: "Times New Roman", 굴림, gulim; font-size: 14px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; border-collapse: collapse; table-layout: fixed; min-height: 527.88pt; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;' cellspacing="0" summary="table"><tbody><tr style="height: 527.88pt;"><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>11. Lidl<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $8,178 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Neckarsulm<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1973<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>12. Allianz<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $7,707 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Munich<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Insurance<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1890<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>13. Nivea (part of Beiersdorf)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $7,344 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Personal Care<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1911<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>14. Fanta (part of The Coca-Cola Company)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $6,315 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Atlanta, USA<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Soft Drinks<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1940<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>15. Porsche (part of VW)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $5,658 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Stuttgart<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Cars<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1931              </td><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>16. Knorr (part of Unilever)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $4,512 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Heilbronn<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Food & Dairy<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1838<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>17. Volkswagen<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $4,136 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Wolfsburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Cars<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1937<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>18. Deutsche Post<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $3,749 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Bonn<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Logistics<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1947<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>19. Deutsche Bank<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $3,591 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Frankfurt am Main<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Banks<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1870<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>20. Sparkassen-Finanzgruppe<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $3,137 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Berlin<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Banks<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1778</td></tr></tbody></table> <img src="https://t1.daumcdn.net/cfile/cafe/99DC6E405F152B9720" class="txc-image" width="900" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="900" exif="{}" data-filename="2018-06-11-071151018-The-50-most-valuable-brands---companies-in-Germany-21-30.jpg" id="A_99DC6E405F152B97203F09"/> <table class="__se_tbl" id="table_1" style='margin: 2pt; border: currentColor; border-image: none; width: 419.54pt; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: "Times New Roman", 굴림, gulim; font-size: 14px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; border-collapse: collapse; table-layout: fixed; min-height: 527.88pt; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;' cellspacing="0" summary="table"><tbody><tr style="height: 527.88pt;"><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>21. 1&1 (part of United Internet)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,706 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Montabaur<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Telecom Providers<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1988<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>22. EDEKA Zentrale<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,341 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1898<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>23. DPD (part of Le Groupe La Poste)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,316 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Aschaffenburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Logistics<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1976<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>24. Schwarzkopf (part of Henkel)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,303 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Düsseldorf<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Personal Care<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1904<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>25. Miele<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,250 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Gütersloh<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Home Appliances<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1899</td><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>26. Lufthansa<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,142 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Frankfurt<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Airlines<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1926<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>27. Hugo Boss<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $2,072 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Metzingen<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Apparel<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1924<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>28. Beck’s (part of Anheuser-Busch InBev)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,946 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Leuven, Belgium<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Beer<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1873<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>29. Metro Wholesale & Food Specialist<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,806 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Düsseldorf<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1964<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>30. Puma<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,369 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Herzogenaurach<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Apparel<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1948</td></tr></tbody></table>  <img src="https://t1.daumcdn.net/cfile/cafe/995B5E405F152B9723" class="txc-image" width="900" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="900" exif="{}" data-filename="2018-06-11-071207692-The-50-most-valuable-brands---companies-in-Germany-31-40.jpg" id="A_995B5E405F152B97231681"/> <table class="__se_tbl" id="table_1" style='margin: 2pt; border: currentColor; border-image: none; width: 419.54pt; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: "Times New Roman", 굴림, gulim; font-size: 14px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; border-collapse: collapse; table-layout: fixed; min-height: 527.88pt; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;' cellspacing="0" summary="table"><tbody><tr style="height: 527.88pt;"><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>31. REWE Group<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,336 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Cologne<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1927<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>32. TUI<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,257 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hannover<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Travel Agencies<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1923<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>33. Kaufland Stiftung & Co.<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,249 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Neckarsulm<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1984<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>34. Commerzbank<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $1,219 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Frankfurt am Main<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Banks<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1870<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>35. Unicredit<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $999 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Munich<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Banks<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1780</td><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>36. Krombacher Brauerei Bernhard Schadeberg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $919 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Kreuztal-Krombach<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Beer<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1803<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>37. Otto Group<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $912 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1949<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>38. West (part of Imperial Brands)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $877 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Tobacco<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1981<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>39. Tchibo (part of Maxinvest)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $854 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1949<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>40. ERGO (part of Muenchener Rueckversicherungs-Gesellschaft)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $810 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Düsseldorf<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Insurance<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1997</td></tr></tbody></table> <img src="https://t1.daumcdn.net/cfile/cafe/994B84405F152B9729" class="txc-image" width="900" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="900" exif="{}" data-filename="2018-06-11-071225039-The-50-most-valuable-brands---companies-in-Germany-41-50.jpg" id="A_994B84405F152B9729F7A2"/>  <table class="__se_tbl" id="table_1" style='margin: 2pt; border: currentColor; border-image: none; width: 419.54pt; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: "Times New Roman", 굴림, gulim; font-size: 14px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; border-collapse: collapse; table-layout: fixed; min-height: 527.88pt; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;' cellspacing="0" summary="table"><tbody><tr style="height: 527.88pt;"><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>41. Hasseröder (part of Anheuser-Busch InBev)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $792 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Leuven, Belgium<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Beer<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1872<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>42. OBI (part of Tengelmann Warenhandelsgesellschaft)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $759 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Wermelskirchen<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Retail<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1970<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>43. Hipp<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $744 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Pfaffenhofen an der Ilm<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Food & Dairy<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1932<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>44. Alfred Ritter<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $706 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Waldenbuch<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Food & Dairy<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1912<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>45. Hermes<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $706 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Hamburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Logistics<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1972</td><td style="border: 1pt solid rgb(0, 0, 0); border-image: none; width: 209.77pt; text-align: left; text-indent: 0px; vertical-align: middle; overflow-wrap: break-word;"><p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>46. Bild (part of Axel Springer)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $696 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Berlin<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Entertainment<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1952<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>47. Aral (part of BP)<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $618 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Bochum<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Motor Fuels<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1898<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>48. Dr. August Oetker<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $610 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Bielefeld<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Food & Dairy<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1891<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>49. Nestlé<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $519 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Nonnweiler-Otzenhausen<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Food & Dairy<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1968<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'> <p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>50. HUK-Coburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Brand Value: $518 million<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Headquarter City: Coburg<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Category: Insurance<p style='margin: 0pt; text-align: justify; color: rgb(0, 0, 0); line-height: 1.6; text-indent: 0pt; letter-spacing: 0pt; font-size: 10pt; font-weight: normal; background-image: url("data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==");'>Year Formed: 1933</td></tr></tbody></table> <img src="https://t1.daumcdn.net/cfile/cafe/99E82C375F152BCA27" class="txc-image" width="1024" style="clear: none; float: none;" border="0" vspace="1" hspace="1" actualwidth="1024" exif="{}" data-filename="nation-brands-2019-2.jpg" id="A_99E82C375F152BCA2717EA"/>  <a href='javascript:fileFilterViewer("http://cfile294.uf.daum.net/attach/99102F425F1531FC2D13DD", "/cfile294/99/102F425F1531FC2D13DD", "1.hwp", "grpid%3D1YiVp%26fldid%3D9bYO%26dataid%3D1732%26fileid%3D13%26regdt%3D20200720112421&url=http%3A%2F%2Fcfile294.uf.daum.net%2Fattach%2F99102F425F1531FC2D13DD")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_etc_s.gif" border="0" alt="첨부파일" class="vam"/> 1.hwp</a> <a href='javascript:fileFilterViewer("http://cfile243.uf.daum.net/attach/99B798425F1531FC2F68E7", "/cfile243/99/B798425F1531FC2F68E7", "2.hwp", "grpid%3D1YiVp%26fldid%3D9bYO%26dataid%3D1732%26fileid%3D14%26regdt%3D20200720112421&url=http%3A%2F%2Fcfile243.uf.daum.net%2Fattach%2F99B798425F1531FC2F68E7")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_etc_s.gif" border="0" alt="첨부파일" class="vam"/> 2.hwp</a> <a href='javascript:fileFilterViewer("http://cfile274.uf.daum.net/attach/99B9EE425F1531FC2F73FA", "/cfile274/99/B9EE425F1531FC2F73FA", "3.hwp", "grpid%3D1YiVp%26fldid%3D9bYO%26dataid%3D1732%26fileid%3D15%26regdt%3D20200720112421&url=http%3A%2F%2Fcfile274.uf.daum.net%2Fattach%2F99B9EE425F1531FC2F73FA")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_etc_s.gif" border="0" alt="첨부파일" class="vam"/> 3.hwp</a> <a href='javascript:fileFilterViewer("http://cfile262.uf.daum.net/attach/99B8F1425F1531FC2FC44B", "/cfile262/99/B8F1425F1531FC2FC44B", "4.hwp", "grpid%3D1YiVp%26fldid%3D9bYO%26dataid%3D1732%26fileid%3D16%26regdt%3D20200720112421&url=http%3A%2F%2Fcfile262.uf.daum.net%2Fattach%2F99B8F1425F1531FC2FC44B")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_etc_s.gif" border="0" alt="첨부파일" class="vam"/> 4.hwp</a> <a href='javascript:fileFilterViewer("http://cfile249.uf.daum.net/attach/99109E425F1531FC2DBD49", "/cfile249/99/109E425F1531FC2DBD49", "5.hwp", "grpid%3D1YiVp%26fldid%3D9bYO%26dataid%3D1732%26fileid%3D17%26regdt%3D20200720112421&url=http%3A%2F%2Fcfile249.uf.daum.net%2Fattach%2F99109E425F1531FC2DBD49")'><img src="https://t1.daumcdn.net/daumtop_deco/icon/icon.hanmail.net/editor/p_etc_s.gif" border="0" alt="첨부파일" class="vam"/> 5.hwp</a>