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Summary of material accounting policy information (Tables)
12 Months Ended
Dec. 31, 2025
Summary Of Accounting Policies [Abstract]  
Schedule of Principal Foreign Currency Exchange Rates
The following table presents the principal foreign currency exchange rates used by the Group to translate other currencies into Euro:
202520242023
At December 31,AverageAt December 31,AverageAt December 31,Average
U.S. Dollar1.1751.1301.0391.0821.1051.081
Swiss Franc0.9310.9370.9410.9530.9260.972
Chinese Renminbi8.2268.1197.5837.7877.8517.660
Pound Sterling0.8730.8570.8290.8470.8690.870
Hong Kong Dollar9.1468.8108.0698.4458.6318.465
Singapore Dollar1.5111.4761.4161.4461.4591.452
United Arab Emirates Dirham4.3154.1503.8153.9754.0583.971
Japanese Yen184.090169.043163.060163.852156.330151.990
South Korean Won1,696.9401,605.4521,532.1501,475.4041,433.6601,412.880
Schedule of Scope of Consolidation The following table presents the Group’s scope of consolidation at December 31, 2025 and 2024:
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
At December 31,
20252024
Companies consolidated on a line-by-line basis
Parent company
Ermenegildo Zegna N.V. Amsterdam (Netherlands) 9,153,722 
Italian subsidiaries
In.co. S.p.A.Valdilana (BI)4,050,000 Ermenegildo Zegna N.V.100%100%
Tizeta S.r.l.Sesto Fiorentino (FI)284,278 
Ermenegildo Zegna N.V.(36.4%) / Tom Ford International LLC (36.4%) /Tom Ford Distribution S.r.l.(27.2%)
100%100%
Lanificio Ermenegildo Zegna e Figli S.p.A.Valdilana (BI)3,100,000 Ermenegildo Zegna N.V.100%100%
Ezi S.p.A.Milan5,750,000 Ermenegildo Zegna N.V.100%100%
EZ Service S.r.l.Valdilana (BI)500,000 Ermenegildo Zegna N.V.100%100%
Bonotto S.p.A.Colceresa (VI) 1,239,600 Ermenegildo Zegna N.V.60%60%
Cappellificio Cervo S.r.l.Biella300,000 Ermenegildo Zegna N.V.51%51%
Thom Browne Services Italy S.r.l.Milan10,000 Thom Browne Trading SA92%92%
Thom Browne Retail Italy S.r.l.Milan10,000 Thom Browne Services Italy S.r.l.92%92%
Gruppo Dondi S.p.A.Carpi (MO)1,502,800 Ermenegildo Zegna N.V.65%65%
Tessitura Ubertino S.r.l.Valdilana (BI) 100,000 Ermenegildo Zegna N.V.60%60%
Tom Ford Distribution S.r.l.Sesto Fiorentino (FI)117,616 
Tom Ford Switzerland Sagl (85.02%) /Tom Ford International LLC (14.98%)
100%100%
Foreign subsidiaries
Ermenegildo Zegna Giyim Sanayi ve Tic. A. S.Istanbul (Turkey)118,291,439 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna H.m.b.H.Wien (Austria)610,000 Ermenegildo Zegna N.V.100%100%
Société de Textiles Astrum France S.à.r.l.Paris (France)500,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna GmbHMunich (Germany)500,000 Ermenegildo Zegna N.V.100%100%
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
CompanyRegistered officeShare capital (functional currency)Held directly byAt December 31,
CompanyRegistered officeShare capital (functional currency)Held directly by20252024
Zegna Japan Co., LTDMinato-Ku-Tokyo (Japan)100,000,000 Ermenegildo Zegna N.V.100%100%
Fantasia (London) LimitedLondon (UK)499,800 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna S.A. de C.V.Ciudad de Mexico (Mexico)459,600,000 Ermenegildo Zegna N.V.100%100%
Ezeti Portugal. S.A.Lisbon (Portugal)800,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Madrid S.A. (3)
Barcelona (Spain)901,500 Ezeti S.L.%100%
Ezeti S.L. Barcelona (Spain)500,032 Italco S.A.100%100%
Italco S.A.Sant Quirze (Spain)1,911,300 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Czech s.r.oPrague (Czech Republic) 1,350,000 Ermenegildo Zegna N.V.100%100%
Co.Ti. Service S.A.Stabio (Switzerland)27,940,000 Ermenegildo Zegna N.V.100%100%
Consitex S.A.Stabio (Switzerland)15,000,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna CorporationNew York, NY500,000 Ermenegildo Zegna N.V.100%100%
Zegna (China) Enterprise Management Co., Ltd.Shanghai (China)58,309,140 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna (China) Co., LTDShanghai (China)50,000,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Far-East Pte LTDSingapore21,776,432 Consitex S.A.100%100%
Ermenegildo Zegna Hong Kong LTDHong Kong538,240,000 Ermenegildo Zegna N.V.100%100%
E.Z. Trading (Hong Kong) LTDHong Kong82,120,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Canada Inc.Toronto (Canada)700,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Australia PTY LTDSydney (Australia)18,000,000 Ermenegildo Zegna Far-East Pte LTD100%100%
E. Z. New Zealand LTDAuckland (New Zealand)5,800,000 Ermenegildo Zegna N.V.100%100%
E. Z. Thai Holding LtdBangkok (Thailand)3,000,000 Ermenegildo Zegna N.V.49%49%
The Italian Fashion Co. LTDBangkok (Thailand)16,000,000 
E. Z. Thai Holding Ltd (34%)/ Ermenegildo Zegna Far-East Pte LTD (31%)
65%65%
Zegna South Asia Private LTDMumbai (India)902,316,770 Ermenegildo Zegna N.V.51%51%
ISMACO TEKSTİL LİMİTED ŞİRKETİIstanbul (Turkey)10,000,000 Ermenegildo Zegna N.V.100%100%
Ezesa Brasil Participacoes LTDASan Paolo (Brazil)77,481,487 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna (Macau) LTDKowloon Bay (Hong Kong)4,650,000 Consitex S.A.100%100%
Ermenegildo Zegna Malaysia Sdn. Bhd.Kuala Lumpur (Malaysia)3,000,000 Ermenegildo Zegna Far-East Pte LTD100%100%
Ermenegildo Zegna Maroc S.A.R.L.A.U.Casablanca (Morocco) 530,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Vietnam LLCHanoi City (Vietnam)132,294,900,000 Ermenegildo Zegna N.V.90%90%
Zegna Gulf Trading LLCDubai (UAE)300,000 Consitex S.A.49%49%
Zegna Consitex Arabia for Trading LLCRiyadh (KSA)28,600,000 Consitex S.A.70%70%
Zegna Doha Trading WLL (6)
Doha (Qatar)2,000,000 Ermenegildo Zegna N.V.70%%
EZ US Holding Inc. (7)
Wilmington (U.S.A.)1,000,099 Ermenegildo Zegna N.V.%100%
E.Zegna Attica Single Member Societé AnonymeAthens (Greece)650,000 Ermenegildo Zegna N.V.100%100%
Zegna for Retail of Readymade and Novelty Clothes W.L.L.Kuwait City (Kuwait)125,000 Zegna Gulf Trading LLC49%49%
Ermenelgildo Zegna Denmark ApSAarhus (Denmark)400,000 Ermenegildo Zegna N.V.100%100%
EZ CA Holding Corp.Toronto (Canada)1,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Korea Co. Ltd.Seoul (Korea)11,134,170,000 Ermenegildo Zegna N.V.100%100%
Ermenegildo Zegna Monaco S.a.r.l.Principato di Monaco150,000 
Ermenegildo Zegna N.V. (99%) / Consitex S.A. (1%)
100%100%
Thom Browne Inc.Wilmington (U.S.A.)5,510 Ermenegildo Zegna N.V.92%92%
Thom Browne Japan Inc.Tokyo (Japan)1,000,000 Thom Browne Inc.92%92%
Thom Browne Trading SAStabio (Switzerland)100,000 Thom Browne Inc.92%92%
Thom Browne France ServicesParis (France)50,000 Thom Browne Trading SA92%92%
Thom Browne UK LimitedBeckenham (UK)Thom Browne Trading SA92%92%
Thom Browne (China) Co., Ltd.
Shanghai (China)195,973,210 Thom Browne Trading SA92%92%
Thom Browne (Macau) LimitedHong Kong500,000 Thom Browne Trading SA92%92%
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
CompanyRegistered officeShare capital (functional currency)Held directly byAt December 31,
CompanyRegistered officeShare capital (functional currency)Held directly by20252024
Thom Browne CanadaVancouver (Canada)100 Thom Browne Trading SA92%92%
Thom Browne Hong Kong LimitedHong Kong500,000 Thom Browne Trading SA92%92%
Thom Browne Eyewear (T.B.E.) SAStabio (Switzerland) 1,000,000 Thom Browne Trading SA92%92%
Thom Browne Eyewear France SASParis (France)40,000 Thom Browne Eyewear SA92%92%
Thom Browne Korea Ltd.Seoul (South Korea)100,000,000 Thom Browne Trading SA92%92%
Tom Ford International LLCDelaware (U.S.A.)11,000,099 Ermenegildo Zegna N.V.100%100%
Tom Ford Switzerland SaglStabio (Switzerland)1,000,000 Tom Ford International LLC100%100%
Tom Ford Showroom LimitedLondon (UK)Tom Ford Distribution S.r.l.100%100%
Tom Ford Retail UK LimitedLondon (UK)Tom Ford International LLC100%100%
Tom Ford Studio LimitedLondon (UK)50,000 Tom Ford International LLC100%100%
T.F. Property Ltd (2)
London (UK)Tom Ford International LLC%100%
Tom Ford Retail LLCNew York (U.S.A.)2,060,000 Tom Ford International LLC100%100%
Tom Ford Retail Hong Kong LimitedHong Kong1,000,000 Tom Ford International LLC100%100%
Tom Ford Hong Kong Limited Hong Kong1,000 Tom Ford International LLC100%100%
Tom Ford Retail Macau Limited (4)
Macau25,000 
Tom Ford Retail Hong Kong Limited (96%) / Tom Ford Hong Kong Limited (4%)
%100%
Tom Ford Retail Korea (Yuhan Hoesa) Seoul (Korea)50,000,000 Tom Ford International LLC100%100%
Tom Ford Retail Japan GK (Godo Kaisha) Tokyo (Japan)10,000,000 Tom Ford International LLC100%100%
Tom Ford Clothing Retail Shanghai Company Limited Shanghai (China)37,000,155 Tom Ford Retail Hong Kong Limited100%100%
Italian associates and joint arrangements
Filati Biagioli Modesto S.r.l. (1)
Montale (PT)16,884,402 Ermenegildo Zegna N.V.48.5%45%
Luigi Fedeli e Figlio S.r.l. Monza (MB)3,358,000 Ermenegildo Zegna N.V.15%15%
Foreign associates and joint arrangements
Norda Run Inc. (5)
Toronto (Canada)8,069,414 EZ CA Holding Corp.32.5%25%
Other investments valued at fair value
Acquedotto Piancone S.r.l.Valdilana (BI)42,000 Lanificio Ermenegildo Zegna e Figli S.p.A.67%67%
Pettinatura di Verrone S.r.l.Verrone (BI)3,000,000 Lanificio Ermenegildo Zegna e Figli S.p.A.15%15%
Sharmoon.EZ.Garments Co. LtdWenzhou (China)100,000,000 Ermenegildo Zegna N.V.5%5%
F2 S.r.l.Schio (VI)90,000 Bonotto S.p.A.29%29%
Consorzio Re.CreaMilan1,038,543 Ermenegildo Zegna N.V.15.4%15.4%

The following changes in the scope of consolidation of the Group occurred during the year ended December 31, 2025.
(1)In April 2025, the interest held in Filati Biagioli Modesto S.p.A was increased from 45% to 48.5% following the exercise of a put option.
(2)On May 6, 2025, T.F. Property Ltd, a fully owned subsidiary of Tom Ford International LLC, was liquidated.
(3)On July 22, 2025, Ermenegildo Zegna Madrid S.A. was absorbed by Ezeti S.L. through a merger duly registered with the Mercantile Registry of Barcelona.
(4)On September 29, 2025, Tom Ford Retail Macau Limited, a subsidiary jointly controlled by Tom Ford Retail Hong Kong Limited and Tom Ford Hong Kong Limited, was dissolved.
(5)On December 3, 2025, the Group acquired an additional 7.5% interest in Norda Run Inc.
(6)On December 7, 2025, the Group acquired the ZEGNA business in Qatar from the previous franchise partner. The business is held through Zegna Doha Trading W.L.L., a newly incorporated entity in which the Group holds a 70% interest.
(7)On December 17, 2025, EZ US Holding Inc. was absorbed by Tom Ford International LLC through a statutory merger.
Schedule of Estimated Useful Lives of the Assets
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
Category of Property, Plant and EquipmentDepreciation Rate
Buildings
3% - 10%
Plants and machinery
12.5% - 17.5%
Industrial and commercial equipment
20% - 25%
Leasehold improvements
10% - 25%
Other tangible assets
10% - 25%
Schedule of Intangible Assets with a Definite Useful Life
Intangible assets with a definite useful life are amortized on a straight-line basis at the following rates:
Category of Intangible Assets with a Finite Useful LifeDepreciation Rate
Concessions, licenses, trademarks and patents(1)
2.5% - 25.0%
Software
10% - 33%
Know how
20%
Development costs and other intangibles
10% - 33%
______________________
(1) The estimated useful life of the license agreement entered into in 2023 as part of the TFI Acquisition, through which the Group is a long-term licensee of ELC for the TOM FORD brand for men’s and women’s fashion and accessories, is 30 years, which includes the 20 guaranteed years as per the contract plus the automatic renewal period of 10 years, which is subject to certain minimum performance conditions that management believes will be satisfied based on the business plan and information currently available.