Luxury goods giant LVMH is eyeing the metaverse 'very carefully' by Anu__Dave
Tiffanys' CryptoPunk.Despite the enthusiasm from individual brands, LVMH’s chief executive Bernard Arnault voiced some concern during the company’s January earnings call.During last week’s earnings call, Guiony mentioned that it’s hard to comment on what the metaverse means for the company just yet, because “the whole thing is interesting, promising” but still nascent.
“I think I would make a fool of myself if I tell you exactly what we have in mind and that [the metaverse] is very clear and that we know exactly what we will be doing in the future,” he said. “There are many initiatives that could possibly lead to business developments […] rest assured that whatever happens, we will be a part of it. But for the time being, whatever happens is unknown to us.”
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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