Analyze the LVMH Brand using Porter's Five Forces framework. Evaluate the following:

Threat of New Entrants: How easy or difficult is it for new companies to enter the industry? Consider factors like capital requirements, brand loyalty, and government regulations.Bargaining Power of Suppliers: How much control do suppliers have over pricing and product quality? Consider the number of suppliers, the availability of substitutes, and the importance of your client to the suppliers.Bargaining Power of Buyers: How much control do buyers have over pricing and product demands? Consider the number of buyers, the concentration of buyers, and the availability of substitutes for your client's products or services.Threat of Substitutes: How likely are customers to switch to alternative products or services? Consider the availability, price, and performance of substitutes.Competitive Rivalry: How intense is the competition within the industry? Consider the number and size of competitors, product differentiation, and switching costs for customers. Using Journals and APA Citation