Introduction to the fashion industry and analysis of the company

Give an introduction to the fashion industry, and analysis of the company: LVMH using Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:

Introduction to the fashion industry, and analysis of the company

Give an introduction to the fashion industry, and analysis of the company: LVMH using Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:
a) Rivalry among existing competitors – high or low? Why?
b) Threat of New Entrants – high or low? Why?
c) Threat of Substitute Products and Services – high or low? Why?
d) Bargaining Power of Suppliers – high or low? Why?
e) Bargaining Power of Buyers – high or low? Why?

In regards to competitors, after giving general information about the specific competitors, students need to give as much information about the main competitors (based on the ones that make 50% of the market share, for example).
ADDITIONAL WEBSITE SOURCES FOR RETRIEVING FACTS AND STATISTICS
Firstly, IBIS World.com

Secondly, Bls.gov (US Department of Labour)

Thirdly, Business.com

Fourthly, Census.gov

Further, Cia.gov (industry specs, market shares, growth rates)

Additionally, Regis.com

Moreover, Factiva (select “search by industry”)

Also, Google finance

Besides, Hoovers.com

Lastly, US Industry and Trade

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