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Intangible assets (Tables) | 12 Months Ended
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Dec. 31, 2025
Disclosure of detailed information about intangible assets [abstract] |
Schedule of Breakdown for Intangible Assets | The following table presents a breakdown for intangible assets.
(€ thousands) | Goodwill |  | Brand |  | Concessions, licenses, trademarks and patents |  | Other intangible assets |  | Intangible assets in progress |  | Total
Historical cost at January 1, 2024 | 256,270 |  | 162,832 |  | 143,921 |  | 170,040 |  | 106 |  | 733,169
Additions | — |  | — |  | 2,224 |  | 25,901 |  | 373 |  | 28,498
Disposals | — |  | — |  | (2,802) |  | (711) |  | — |  | (3,513)
Business combinations | 8,280 |  | — |  | — |  | — |  | — |  | 8,280
Exchange differences | 11,080 |  | 10,360 |  | 6,463 |  | 1,755 |  | 1 |  | 29,659
Other movements and reclassifications | — |  | — |  | 3,518 |  | (1,751) |  | (226) |  | 1,541
Balance at December 31, 2024 | 275,630 |  | 173,192 |  | 153,324 |  | 195,234 |  | 254 |  | 797,634
Additions | — |  | — |  | 1,454 |  | 22,128 |  | 828 |  | 24,410
Disposals | — |  | — |  | (85) |  | (1,316) |  | — |  | (1,401)
Exchange differences | (28,396) |  | (20,061) |  | (12,688) |  | (3,556) |  | (7) |  | (64,708)
Other movements and reclassifications | — |  | — |  | 90 |  | 172 |  | (251) |  | 11
Balance at December 31, 2025 | 247,234 |  | 153,131 |  | 142,095 |  | 212,662 |  | 824 |  | 755,946
Accumulated amortization at January 1, 2024 | — |  | — |  | (41,348) |  | (119,547) |  | — |  | (160,895)
Amortization | — |  | — |  | (5,466) |  | (16,686) |  | — |  | (22,152)
Impairment | — |  | — |  | — |  | (58) |  | — |  | (58)
Disposals | — |  | — |  | 3,029 |  | 692 |  | — |  | 3,721
Exchange differences | — |  | — |  | (425) |  | (1,502) |  | — |  | (1,927)
Other movements and reclassifications | — |  | — |  | (3,057) |  | 1,097 |  | — |  | (1,960)
Balance at December 31, 2024 | — |  | — |  | (47,267) |  | (136,004) |  | — |  | (183,271)
Amortization | — |  | — |  | (5,053) |  | (19,264) |  | — |  | (24,317)
Impairment | — |  | — |  | — |  | (72) |  | — |  | (72)
Disposals | — |  | — |  | 85 |  | 1,218 |  | — |  | 1,303
Exchange differences | — |  | — |  | 1,141 |  | 3,098 |  | — |  | 4,239
Other movements and reclassifications | — |  | — |  | (29) |  | 287 |  | — |  | 258
Balance at December 31, 2025 | — |  | — |  | (51,123) |  | (150,737) |  | — |  | (201,860)
Carrying amount at: |  |  |  |  |  |  |  |  |  |  |
January 1, 2024 | 256,270 |  | 162,832 |  | 102,573 |  | 50,493 |  | 106 |  | 572,274
December 31, 2024 | 275,630 |  | 173,192 |  | 106,057 |  | 59,230 |  | 254 |  | 614,363
December 31, 2025 | 247,234 |  | 153,131 |  | 90,972 |  | 61,925 |  | 824 |  | 554,086
Schedule of Goodwill Originated on Acquisitions made by the Group | The Group’s goodwill and brands with an indefinite useful life are allocated to the following operating segments.
| At December 31,
(€ thousands) | 2025 |  | 2024
Zegna segment | 32,588 |  | 33,344
Thom Browne segment | 367,777 |  | 415,478
Total goodwill and brands with an indefinite useful life | 400,365 |  | 448,822
Schedule of Sensitivity Oof the Impairment Testing to Reasonably Possible Changes in Both Assumptions | The following tables present the results of the impairment tests, as well as sensitivity analyses performed to verify whether reasonably possible changes in the main assumptions used to determine the recoverable amounts would significantly affect the results of the impairment tests for those CGUs that have significant goodwill and brands with an indefinite useful life allocated to them.
2025
|  |  | Existing assumptions |  | Sensitivity effects on headroom
(€ millions, except percentages and basis points) | Headroom |  | WACC (%) |  | EBITDA CAGR (%) vs. 2025 |  | Growth rate (%) |  | WACC +100 bps |  | EBITDA -500 bps |  | Growth rate -50 bps
CGU Thom Browne group | 110 |  | 8.68% |  | +50.3% |  | 2.75% |  | 54 |  | 55 |  | 60
CGU Thom Browne Korea Ltd. | 25 |  | 8.72% |  | +42.9% |  | 3.00% |  | 21 |  | 20 |  | 22
CGU Ermenegildo Zegna Korea Co.Ltd. | 1 |  | 8.72% |  | +31.2% |  | 3.00% |  | — |  | (1) |  | —
CGU Gruppo Dondi S.p.A. | 29 |  | 9.46% |  | +7.9% |  | 3.00% |  | 25 |  | 25 |  | 25
CGU Bonotto S.p.A. | 14 |  | 9.46% |  | +7.0% |  | 3.00% |  | 12 |  | 12 |  | 12
CGU In.Co. S.p.A. | 40 |  | 9.46% |  | +41.1% |  | 3.00% |  | 23 |  | 25 |  | 25
CGU Tessitura Ubertino S.r.l. | 28 |  | 9.46% |  | +10.6% |  | 3.00% |  | 25 |  | 26 |  | 26
2024
|  |  | Existing assumptions |  | Sensitivity effects on headroom
(€ millions, except percentages and basis points) | Headroom |  | WACC (%) |  | EBITDA CAGR (%) vs. 2024 |  | Growth rate (%) |  | WACC +100 bps |  | EBITDA -500 bps |  | Growth rate -50 bps
CGU Thom Browne group | 396 |  | 8.75% |  | +31.5% |  | 2.75% |  | 247 |  | 325 |  | 325
CGU Thom Browne Korea Ltd. | 30 |  | 9.01% |  | +28.7% |  | 3.00% |  | 21 |  | 26 |  | 26
CGU Ermenegildo Zegna Korea Co.Ltd. | 5 |  | 9.01% |  | +52.5% |  | 3.00% |  | 3 |  | 3 |  | 4
CGU Gruppo Dondi S.p.A. | 49 |  | 9.46% |  | +17.0% |  | 3.00% |  | 38 |  | 44 |  | 44
CGU Bonotto S.p.A. | 19 |  | 9.46% |  | +9.1% |  | 3.00% |  | 13 |  | 16 |  | 16
CGU In.Co. S.p.A. | 83 |  | 9.46% |  | +60.8% |  | 3.00% |  | 53 |  | 69 |  | 68
CGU Tessitura Ubertino S.r.l. | 23 |  | 9.46% |  | +4.5% |  | 3.00% |  | 19 |  | 21 |  | 21
2025
|  |  | Existing assumptions |  | Sensitivity effects on impairment
(€ millions, except percentages and basis points) | Headroom |  | WACC (%) |  | EBITDA CAGR (%) vs. 2025 |  | Growth rate (%) |  | WACC +100 bps |  | EBITDA -500 bps |  | Growth rate -50 bps
Tom Ford Fashion segment | 53 |  | 9.92% |  | +47.3% |  | 3.00% |  | 9 |  | 12 |  | 44
2024
|  |  | Existing assumptions |  | Sensitivity effects on impairment
(€ millions, except percentages and basis points) | Headroom |  | WACC (%) |  | EBITDA CAGR (%) vs. 2024 |  | Growth rate (%) |  | WACC +100 bps |  | EBITDA -500 bps |  | Growth rate -50 bps
Tom Ford Fashion segment | 64 |  | 9.62% |  | +9.0% |  | 3.00% |  | 14 |  | 16 |  | 55

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- Definition The disclosure of detailed information about intangible assets. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2025-01-01 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2025-en-r&anchor=para_118&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 263 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_263&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 263 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_263&doctype=Standard -URIDate 2025-03-27 + Details
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