Bernard Arnault, the head of luxury giant LVMH said on Thursday his business empire was eying expanding into the digital 'metaverse', but stressed that the company still wants to sell 'real products'.
A handbag manufactured at the Atelier Louis Vuitton is pictured during the inauguration in Vendome, France, February 22, 2022. REUTERS/Benoit Tessier/File Photosaid on Thursday his business empire was eying expanding into the digital "metaverse", but stressed that the company still wants to sell "real products".
"We're looking closely", said Chief Executive Bernard Arnault, but added that he saw "no need to rush". Arnault, who was addressing the group's annual shareholder meeting, also said the economic impact from the Ukraine crisis, which prompted the closure of the group’s stores in Russia, was "very small".Register now for FREE unlimited access to Reuters.comOur Standards:Sign up to our tech newsletter to get the latest news and trends in the global technology industry.
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