The meanings of brand and branding have been evolving over the past several decades. This evolution is converging on a new conceptual logic, which views brand in terms of collaborative, value co-creation activities of firms and all of their stakeholders and brand value in terms of the stakeholders' collectively perceived value-in-use. The authors argue that this new logic parallels and reflects the related, evolving service-dominant (S-D) logic in marketing. They provide an historical account of the branding literature, organize it into eras, and connect it to the evolution in marketing as captured by S-D logic. The analysis provides further support for the S-D logic of marketing and suggests a related research agenda for furthering the understanding of brand and branding. It also suggests that marketing managers might benefit from investing resources in building strong brand relationships with all of their stakeholders and a service-dominant firm philosophy built around brand value co-creation.Keywords Service-dominant logic . Goods-dominant logic . Branding . Brand creation . Brand evolution . Brand value . Brand logic . Co-creation of brands . Co-creation of value Firms are increasingly recognizing that brands are among their most valuable assets (Madden et al. 2006;Simon and Sullivan 1993) and are, therefore, intensifying the level of resources directed toward building them. At least partially in response, academics are also intensifying the attention directed toward understanding the meaning and value of brands and the process of branding (e.g., Berry 2000; Keller 1993; Schouten et al. 2007). This development in the branding literature, together with a more general evolution in academic marketing thought, is causing marketing scholars to rethink the logic of brand and branding.Vargo and Lusch (2004a) posit that marketing is evolving toward a new logic, which they identify as service-dominant (S-D) logic. This logic (1) considers service to be the common denominator of exchange, (2) embraces a process orientation ("service"), rather than an output orientation ("goods and services"), and (3) makes the customer endogenous to value creation by arguing that value is always co-created with customers (and others), rather than unilaterally created by the firm and then distributed. From this perspective, goods remain important, but are identified as vehicles for service provision.This evolution in the logic of marketing in general is paralleled by and reflected in the branding literature and, therefore, we believe that S-D logic and the brand literature can reinforce and inform each other. That is, the logic of brand and branding is also evolving and has shifted from the conceptualization of brand as a firm-provided property