Greggs named Most Admired Company 2019 Article icon

Greggs

Greggs has been named Britain’s most admired company of 2019, according to a new report, rising 65 places from the previous year.
 
The bakers, which this year saw sales exceed £1 billion for the first time following the launch of its vegan sausage roll, took the title from drinks giant Diageo, which slipped to fourth place.

The report said that Greggs particularly excelled in inspirational leadership, quality of management and effective use of corporate assets. The only other company to excel in three areas is Unilever, which was named Britain’s most admired company in 2017. However, Unilever came fifth in the 2019 rankings, after McDonald’s, Royal Dutch Shell and Diageo,
 
The report, which is the longest-running annual survey of corporate reputation in the UK, measures the reputation of 250 of Britain’s largest companies in 25 industry sectors. Greggs was considered to be the most admired in the restaurant and pub sector, whilst Unilever took the title in food producers and providers. Other winners include Next for the retail sector, London Stock Exchange in financial services and pharmaceuticals company GSK, for health and household.
 
GSK’s chief executive Emma Walmsley was also named the most admired business leader. This follows on from her joint win in 2018, when she shared the title with ITV’s chief executive Carolyn McCall.

Next’s chief executive Simon Wolfson and entrepreneur Sir James Dyson took second and third place in this year’s rankings.
 
The study, conducted by Echo Research with support from Coventry University, also used responses from board-level representatives, analysts and City commentators to identify challenges and opportunities that lie ahead. Brexit was cited as the biggest challenge, whilst workforce, globalisation, and to a surprisingly lesser extent, climate change, were also noted.