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Related party transactions (Tables) | 12 Months Ended
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Dec. 31, 2025
Disclosure of transactions between related parties [abstract] |
Schedule of Transactions with Related Parties | The following table summarizes transactions with related parties for the years ended December 31, 2025, 2024 and 2023.
| For the years ended December 31,
| 2025 |  | 2024 |  | 2023
(€ thousands) | Revenues |  | Cost of sales |  | Selling, general and administrative expenses |  | Marketing expenses |  | Financial income/(expenses) |  | Foreign exchange gains/(losses) |  | Revenues |  | Cost of sales |  | Selling, general and administrative expenses |  | Marketing expenses |  | Financial income/(expenses) |  | Foreign exchange gains/(losses) |  | Revenues |  | Cost of sales |  | Selling, general and administrative expenses |  | Marketing expenses |  | Financial income/(expenses) |  | Foreign exchange gains/(losses)
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TFI Group(1)(2) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 3,233 |  | 288 |  | 740 |  | — |  | (7) |  | —
Filati Biagioli Modesto S.p.A. | — |  | 4,016 |  | 20 |  | — |  | — |  | — |  | — |  | 5,782 |  | 65 |  | — |  | — |  | — |  | 5 |  | 4,782 |  | 141 |  | — |  | 96 |  | —
Norda Run Inc. | — |  | — |  | 1 |  | — |  | — |  | (1) |  | — |  | 138 |  | (4) |  | — |  | — |  | — |  | — |  | 2,072 |  | 122 |  | — |  | — |  | (14)
Luigi Fedeli e Figlio S.r.l. | 15 |  | — |  | — |  | — |  | — |  | — |  | 62 |  | 547 |  | 4 |  | — |  | (5) |  | — |  | 86 |  | 85 |  | — |  | — |  | — |  | —
Total associates | 15 |  | 4,016 |  | 21 |  | — |  | — |  | (1) |  | 62 |  | 6,467 |  | 65 |  | — |  | (5) |  | — |  | 3,324 |  | 7,227 |  | 1,003 |  | — |  | 89 |  | (14)
Companies controlled by Monterubello or its shareholders, the Company’s directors or Senior Management Team
EZ Real Estate | 14 |  | 2,618 |  | 3,871 |  | 2,040 |  | (691) |  | — |  | 14 |  | 2,534 |  | 4,187 |  | 2,106 |  | (744) |  | — |  | 4 |  | 2,580 |  | 4,100 |  | 2,072 |  | (545) |  | —
Schneider Group | — |  | 8,979 |  | 73 |  | — |  | — |  | 15 |  | 6 |  | 13,398 |  | (1) |  | — |  | — |  | — |  | 25 |  | 14,209 |  | 14 |  | — |  | — |  | —
Alan Real Estate S.A. | — |  | 1,765 |  | 3,492 |  | — |  | (1,627) |  | 11 |  | — |  | 1,730 |  | 3,160 |  | — |  | (1,708) |  | — |  | — |  | 1,650 |  | 3,100 |  | — |  | (310) |  | (8)
Agnona S.r.l. | 206 |  | 42 |  | 275 |  | 57 |  | — |  | (3) |  | 70 |  | 55 |  | 261 |  | 67 |  | (1) |  | — |  | 64 |  | 35 |  | 210 |  | 32 |  | (1) |  | (1)
Other companies controlled by Monterubello or its shareholders, the Company’s directors or Senior Management Team(2) | 150 |  | 5,127 |  | 593 |  | 14 |  | 1 |  | 3 |  | 341 |  | 5,632 |  | 1,311 |  | 39 |  | 4 |  | — |  | 195 |  | 5,827 |  | 614 |  | 6 |  | 3 |  | —
Other related parties connected to directors and shareholders
UBS Group AG | — |  | — |  | 1,273 |  | — |  | 419 |  | (971) |  | — |  | — |  | 559 |  | — |  | (1,519) |  | (1,746) |  | — |  | — |  | 3,108 |  | — |  | (1,522) |  | 350
Other | — |  | — |  | 2,628 |  | — |  | — |  | — |  | — |  | — |  | 2,754 |  | — |  | — |  | — |  | — |  | — |  | 3,038 |  | — |  | — |  | —
Total transactions with related parties | 385 |  | 22,547 |  | 12,226 |  | 2,111 |  | (1,898) |  | (946) |  | 493 |  | 29,816 |  | 12,296 |  | 2,212 |  | (3,973) |  | (1,746) |  | 3,612 |  | 31,528 |  | 15,187 |  | 2,110 |  | (2,286) |  | 327
Total for the Group | 1,916,947 |  | 622,910 |  | 1,033,871 |  | 120,686 |  | (8,962) |  | 9,000 |  | 1,946,647 |  | 650,087 |  | 1,008,324 |  | 121,384 |  | (25,967) |  | (11,338) |  | 1,904,549 |  | 680,235 |  | 901,364 |  | 114,802 |  | (30,839) |  | (5,262)
______________________ (1)Costs with TFI Group include royalties prior to the completion of the TFI Acquisition amounting to €181 thousand for the year ended December 31, 2023. (2)Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A. and Pettinatura di Verrone S.r.l.
Schedule of Balances with Related Parties | The following table summarizes assets and liabilities with related parties at December 31, 2025 and 2024.
| At December 31,
| 2025 |  | 2024
(€ thousands) | Non-current assets |  | Current assets |  | Non-current liabilities |  | Current liabilities |  | Non-current assets |  | Current assets |  | Non-current liabilities |  | Current liabilities
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Filati Biagioli Modesto S.p.A. | — |  | 91 |  | — |  | 617 |  | — |  | 14 |  | — |  | 780
Luigi Fedeli e Figlio S.r.l. | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 64
Norda Run Inc. | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total associates | — |  | 91 |  | — |  | 617 |  | — |  | 14 |  | — |  | 844
Monterubello and Companies controlled by Monterubello or its shareholders, the Company’s directors or Senior Management Team
EZ Real Estate | 34,723 |  | 619 |  | 28,577 |  | 7,036 |  | 39,222 |  | 81 |  | 33,284 |  | 8,955
Alan Real Estate S.A. | 35,830 |  | — |  | 32,106 |  | 5,410 |  | 37,357 |  | — |  | 33,332 |  | 5,153
Schneider Group | — |  | 3 |  | — |  | 2,508 |  | — |  | 211 |  | — |  | 2,319
Agnona S.r.l. | — |  | 96 |  | — |  | 132 |  | — |  | 33 |  | — |  | 125
Other companies controlled by Monterubello or its shareholders, the Company’s directors or Senior Management Team(1) | 329 |  | 114 |  | — |  | 1,441 |  | 179 |  | 280 |  | — |  | 1,944
Other related parties connected to directors and shareholders
UBS Group AG | 1,616 |  | 10,185 |  | 667 |  | 2,489 |  | 2,542 |  | 52,788 |  | 1,756 |  | 23,254
Other | — |  | — |  | — |  | 754 |  | — |  | — |  | — |  | 599
Total transactions with related parties | 72,498 |  | 11,108 |  | 61,350 |  | 20,387 |  | 79,300 |  | 53,407 |  | 68,372 |  | 43,193
Total for the Group | 1,644,495 |  | 1,190,213 |  | 985,235 |  | 750,392 |  | 1,627,811 |  | 1,206,162 |  | 998,201 |  | 852,885
______________________ (1)Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A. and Pettinatura di Verrone S.r.l.
Schedule of Remuneration and Outstanding Balances With Key Management Personnel Explanatory | The following table summarizes remuneration of and outstanding balances with the directors of the Group and key executives with strategic responsibilities:
| Key Management Personnel |  | Outstanding Balance
(€ thousands) | Short-term employee benefits(1) |  | Post- employment benefits |  | Other long-term benefits |  | Share-based payments |  | Employee benefits |  | Other current and non-current financial liabilities(2) |  | Other current liabilities
2025 | 17,871 |  | 1,093 |  | (3,175) |  | 1,286 |  | 3,749 |  | 90,295 |  | 4,495
2024 | 15,849 |  | 1,986 |  | 3,392 |  | 4,058 |  | 7,074 |  | 127,072 |  | 4,912
2023 | 17,516 |  | 3,047 |  | 9,110 |  | 14,251 |  | 4,346 |  | 138,558 |  | 43,034
______________________ (1)Includes corporate bodies fees, consultancy fees and personnel compensation. 2025 also includes €2,609 thousand arising from changes in senior management during the year. (2)Primarily relates to liabilities on put contracts entered into as part of the Group’s investment in Thom Browne.

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