The symbiosis between LVMH and the Paris 2024 Olympic Games

A case study on value co-creation in an urban context

Authors

DOI:

https://doi.org/10.62161/sauc.v11.5720

Keywords:

Branding, Creative cities, Co-creation of value, Public-private collaboration, Luxury, Sports marketing, Paris 2024

Abstract

The study examines the synergy between LVMH and the city of Paris in the context of the 2024 Olympic Games. Using tools like Instagram and Google Trends, it investigates how LVMH has leveraged the global attention on the French capital to enhance its brand image. Preliminary results show a significant increase in searches related to LVMH and its brands, highlighting the effectiveness of this strategy. The research emphasizes the mutual benefits of this strategic collaboration, reinforcing Paris's position as a global hub for fashion and luxury while consolidating LVMH's leadership in the sector. Theoretically, the study contributes valuable insights to the fields of sports marketing and sponsorship, providing lessons for other organizations seeking similar partnerships.

Downloads

Download data is not yet available.

Global Statistics ℹ️

Cumulative totals since publication
41
Views
0
Downloads
41
Total
Downloads by format:
PDF (Español (España)) 0 PDF 0

References

Amón, A. (2024). Bernard Arnault y LVMH en sus Juegos Olímpicos de París. The Luxonomist. https://theluxonomist.es/actualidad/economia/bernard-arnault-lvmh-juegos-olimpicos-paris-2024

Bourbillères, H., Gasparini, W., & Koebel, M. (2021). Local protests against the 2024 Olympic Games in European cities: the cases of the Rome, Hamburg, Budapest and Paris 2024 bids. Sport in Society, 26, 1 - 26. https://doi.org/10.1080/17430437.2021.1960312. DOI: https://doi.org/10.1080/17430437.2021.1960312

Carrasco, M. I. (2018). With, On and Against Street Signs On Art Made out of Street Signs. Street Art and Urban Creativity, 4, 81-92. https://journals.ap2.pt/public/journals/1/SAUC_V4N1/82%20-%2092.pdf DOI: https://doi.org/10.25765/sauc.v4i1.124

Chanavat, N., & Bodet, G. (2014). Experiential marketing in sport spectatorship services: a customer perspective. European Sport Management Quarterly, 14, 323-344. https://doi.org/10.1080/16184742.2014.926379. DOI: https://doi.org/10.1080/16184742.2014.926379

Chen, R. (2021). Analysis on How LVMH Can Be the Leader of the Luxury Industry. Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021), 190, 77-81. https://doi.org/10.2991/aebmr.k.210917.013. DOI: https://doi.org/10.2991/aebmr.k.210917.013

Dong, Z., Hui, R., & Xia, Y. (2022). Research on the investment value of LVMH - based on multiple valuation method. BCP Business & Management, 31, 478-485. https://doi.org/10.54691/bcpbm.v31i.2666. DOI: https://doi.org/10.54691/bcpbm.v31i.2666

Donzé, P. (2018). The Birth of Luxury Big Business: LVMH, Richemont and Kering. En Donzé, P. &Fujioka, R. (Eds.) Global Luxury, 19-38. https://doi.org/10.1007/978-981-10-5236-1_2. DOI: https://doi.org/10.1007/978-981-10-5236-1_2

Geffroy, D., Oliver, R., Juran, L., & Skuzinski, T. (2021). Projecting the Metropolis: Paris 2024 and the (re)scaling of metropolitan governance. Cities, 114. https://doi.org/10.1016/J.CITIES.2021.103189. DOI: https://doi.org/10.1016/j.cities.2021.103189

Gignon, A. (2023). Public policies and governance of the 2024 Olympic and Paralympic Games: Potential impacts on territorial development in north-east Paris. Local Economy, 38, 389 - 404. https://doi.org/10.1177/02690942231214494. DOI: https://doi.org/10.1177/02690942231214494

Google (2024). Google Trends: información valiosa para profesionales del marketing en un entorno cambiante. www.google.com/trends

Hahn, H. (2009). Paris, the Capital of Amusement, Fashion, and Modernity, En: Scenes of Parisian Modernity. Palgrave Macmillan, 45-62. https://doi.org/10.1057/9780230101937_3. DOI: https://doi.org/10.1057/9780230101937_3

Hotchkiss, J., Moore, R., & Ríos‐Avila, F. (2014). Reevaluation of the employment impact of the 1996 Summer Olympic Games.. Southern Economic Journal, 81, 619-632. https://doi.org/10.4284/0038-4038-2013.063. DOI: https://doi.org/10.1002/soej.12004

Hsiao, C., Tang, K., & Su, Y. (2021). An Empirical Exploration of Sports Sponsorship: Activation of Experiential Marketing, Sponsorship Satisfaction, Brand Equity, and Purchase Intention. Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.677137. DOI: https://doi.org/10.3389/fpsyg.2021.677137

Jastrzabek, J. (2023). Third time lucky: An analysis of Paris’ bids for the Olympic Games in 2008, 2012 and 2024. Research Papers in Economics and Finance, 6(2), 86-106. https://doi.org/10.18559/ref.2022.2.5. DOI: https://doi.org/10.18559/ref.2022.2.5

Ji, Y., Sun, Z., & Xia, Y. (2023). Leveraging Digital Transformation: Analysis of LVMHs Impact on Economic, Social, and Environmental Performance. Advances in Economics, Management and Political Sciences, 33, 189-193. https://doi.org/10.54254/2754-1169/33/20231654. DOI: https://doi.org/10.54254/2754-1169/33/20231654

Jun, S., Yoo, H., & Choi, S. (2017). Ten years of research change using Google Trends: From the perspective of big data utilizations and applications. Technological Forecasting and Social Change, 130, 69-87. https://doi.org/10.1016/J.TECHFORE.2017.11.009. DOI: https://doi.org/10.1016/j.techfore.2017.11.009

Kurkdjian, S. (2020). Paris as the Capital of Fashion, 1858–1939: An Inquiry. Fashion Theory, 24, 371 - 391. https://doi.org/10.1080/1362704X.2020.1732022. DOI: https://doi.org/10.1080/1362704X.2020.1732022

Lai, Y. (2023). LVMH Strategy and Financial Analysis of LVMH Group. Highlights in Business, Economics and Management, 10, 143-148. https://doi.org/10.54097/hbem.v10i.8030. DOI: https://doi.org/10.54097/hbem.v10i.8030

Lee, H., & Cho, C. (2009). The matching effect of brand and sporting event personality: sponsorship implications.. Journal of Sport Management, 23, 41-64. https://doi.org/10.1123/JSM.23.1.41. DOI: https://doi.org/10.1123/jsm.23.1.41

Maglaya, R. (2023). Contemporary Analysis of Louis Vuitton Moët Hennessy: Strategic Variables Affecting the Business Performance. Journal La Bisecoman, 3(5), 212-216. https://doi.org/10.37899/journallabisecoman.v3i5.826. DOI: https://doi.org/10.37899/journallabisecoman.v3i5.826

Mattison, D. (2013). An Interpretative Tour of Paris as Fashion Capital. WSQ: Women's Studies Quarterly, 41, 326 - 329. https://doi.org/10.1353/WSQ.2013.0050. DOI: https://doi.org/10.1353/wsq.2013.0050

Mavragani, A., Ochoa, G., & Tsagarakis, K. (2018). Assessing the Methods, Tools, and Statistical Approaches in Google Trends Research: Systematic Review. Journal of Medical Internet Research, 20(11). https://doi.org/10.2196/jmir.9366. DOI: https://doi.org/10.2196/jmir.9366

Nuti, S., Wayda, B., Ranasinghe, I., Wang, S., Dreyer, R., Chen, S., & Murugiah, K. (2014). The Use of Google Trends in Health Care Research: A Systematic Review. PLoS ONE, 9(10). https://doi.org/10.1371/journal.pone.0109583. DOI: https://doi.org/10.1371/journal.pone.0109583

Paris2024 [@Paris2024]. (s.f.). Posts [Perfil de Instagram]. Instagram. https://www.instagram.com/paris2024/

Podder, R. & Paul, S. (2020). Marketing as an Experience Design: Experiential Marketing in The Context Of Luxury Brands. Proceedings of ‏The 4th International Conference on Business, Management and Economics, 27-36. https://doi.org/10.33422/4th.icbmeconf.2020.12.51. DOI: https://doi.org/10.33422/4th.icbmeconf.2020.12.51

Santos, G., & Delaplace, M. (2023). Olympic Agenda 2020 and Paris 2024: Driving Change or Rhetoric as Usual?. Journal of Olympic Studies, 4(2), 56-89. https://doi.org/10.5406/26396025.4.2.05. DOI: https://doi.org/10.5406/26396025.4.2.05

Wang, B., Scheinbaum, A., Li, S., & Krishen, A. (2021). How Affective Evaluation and Tourist Type Impact Event Marketing Outcomes: Field Studies in Experiential Marketing. Journal of Advertising, 52, 133 - 144. https://doi.org/10.1080/00913367.2021.1909516. DOI: https://doi.org/10.1080/00913367.2021.1909516

Wolfe, S. (2022). Building a better host city? Reforming and contesting the Olympics in Paris 2024. Environment and Planning C: Politics and Space, 41, 257-273. https://doi.org/10.1177/23996544221129409. DOI: https://doi.org/10.1177/23996544221129409

Yazici, T., Koçak, S., & Altunsöz, I. (2016). Examining the effect of experiential marketing on behavioral intentions in a festival with a specific sport event. European Sport Management Quarterly, 17, 171 - 192. https://doi.org/10.1080/16184742.2016.1247903. DOI: https://doi.org/10.1080/16184742.2016.1247903

Zheng, S. (2023). LVMG Analysis Based on SWOT and PEST and Competitor Analysis. BCP Business & Management, 45, 139-146. https://doi.org/10.54691/bcpbm.v45i.4875. DOI: https://doi.org/10.54691/bcpbm.v45i.4875

Published

2025-03-11

How to Cite

Vázquez Sacristán, I. A., & Rodríguez Hernández, M. (2025). The symbiosis between LVMH and the Paris 2024 Olympic Games: A case study on value co-creation in an urban context. Street Art & Urban Creativity, 11(2), 145–159. https://doi.org/10.62161/sauc.v11.5720

Issue

Section

Research articles