LVMH eying metaverse, however focal point on “actual merchandise”, says CEO

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A purse manufactured on the Atelier Louis Vuitton is pictured all through the inauguration in Vendome, France, February 22, 2022. REUTERS/Benoit Tessier/Document Photograph

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PARIS, April 21 (Reuters) – Bernard Arnault, the pinnacle of luxurious large LVMH (LVMH.PA) mentioned on Thursday his industry empire was once eying increasing into the virtual “metaverse”, however stressed out that the corporate nonetheless needs to promote “actual merchandise”.

“We are having a look intently”, mentioned Leader Govt Bernard Arnault, however added that he noticed “no want to rush”.

Arnault, who was once addressing the crowd’s annual shareholder assembly, additionally mentioned the industrial have an effect on from the Ukraine disaster, which induced the closure of the crowd’s shops in Russia, was once “very small”.

The gang has 124 boutiques and three,500 workers within the nation.

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Reporting via Mimosa Spencer, writing via Tassilo Hummel, enhancing via Dominique Vidalon

Our Requirements: The Thomson Reuters Consider Ideas.

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