Kering CEO confirms team is exploring metaverse opportunities at management level

Kering CEO Francois-Henri Pinault confirmed the French luxury group has a dedicated team at management level to explore the opportunities and possible disruption of the metaverse for its portfolio of luxury brands.

“We are at the early stage of the metaverse, but Kering is trying to learn, so the company is active early on in its involvement. Web 3.0 will be a new way of expression for the brands and disruption if it becomes a scalable reality,” Mr Pinault said in a televised interview with CNBC.