Kering plans investment unit to ease reliance on Gucci

French luxury fashion conglomerate Kering’s CEO Luca De Meo is preparing to launch a new investment platform, as reported by Reuters citing an internal memo. Called House of Dreams, the unit backs emerging businesses and reduces the luxury group’s reliance on Gucci. The proposed unit would receive long-term funding to acquire minority or majority stakes in emerging companies. Early areas of interest highlighted in the memo include experiential technology, Indian craftsmanship and “culture-led” Chinese l ...