Individual Report on Fashion and Leather Goods Essay

Individual Report on Fashion and Leather Goods - Essay Example The paper "Individual Report on Fashion and Leather Goods" concerns leather goods and fashion. For instance, City Fringe, an area located in the inner part of London comprised of about 189 fashion business firms. Among these almost every firm was recorded to be stagnant or in the struggling stage. In other words, the fashion business firms were somewhat unable to cope with the industry changes resulting in inefficiency in terms of productivity, pro-activeness, and competency. Due to this reason, a better effective investment plan was adapted by the market players in order to achieve their desired goal and reward a feasible amount of sustainability to the business. This paper therefore shall concentrate on the significance of micro and macro economic environment of the UK, related to the fashion market. It is basically due to the reason that fashion market trends categorised as luxury goods are highly depended on the issue of customer affordability and preferences. Hence, the influenc es of fluctuations arise in the micro and the macro environment of a particular business firm, i.e., LVMH. LVMH Moà «t Hennessy Louis Vuitton SA was incorporated in 1987 by merging two leading fashion business groups i.e., the Louis Vuitton and Moet-Hennessy. The group is among the world’s leading groups to trade luxury goods such as perfumes, cosmetics, wine and even designer fashion and leather goods. The company division related to the manufacturing and marketing of designer made fashion and leather goods.