VusionGroup DD: Digital shelf infrastructure, SaaS upside, and the “retail operating system” question

Ticker: VusionGroup Listing: Euronext Paris / EPA: VU / VU.PA Business: Electronic shelf labels, retail IoT, cloud software, AI shelf monitoring, retail media infrastructure Market: Digitalization of physical retail Position disclosure: I am long VusionGroup with 600 shares. This is a meaningful position for me, so I am obviously biased. I am posting this to get feedback, challenge my thesis, and understand what risks I may be missing. AI disclosure: I used ChatGPT to help summarize my research