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Qualitative and quantitative information on financial risks (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
Summary of Potential Effects on Profit Before Tax of Hypothetical Change in Exchange Rates
The following table presents the potential effects on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s net balances of receivables and payables in foreign currencies.
At December 31, 2025At December 31, 2024
(€ thousands, except basis points)Receivables and payables+500 bps-500 bps Receivables and payables+500 bps-500 bps
CurrencyImpact on profit before tax Impact on profit before tax
USD(14,965)713 (788)121,093(5,766)6,373 
CAD12,614(601)664 —— — 
JPY22,279(1,061)1,172 16,506(786)869 
CNY77,766(3,703)4,093 113,604(5,410)5,979 
HKD24,115(1,148)1,269 29,115(1,386)1,532 
GBP10,802(514)569 7,516(358)396 
SGD16,846(802)887 14,279(680)752 
CHF(16,975)808 (893)(15,994)762 (842)
KRW45,800(2,181)2,410 40,492(1,928)2,131 
Total 178,282(8,489)9,383 326,611(15,552)17,190 

The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s hedged positions on the main currencies to which the Group is exposed.
At December 31, 2025At December 31, 2024
(€ thousands, except basis points)Notional amount+500 bps-500 bpsNotional amount+500 bps-500 bps
CurrencyImpact on profit before taxImpact on profit before tax
USD(66,449)(3,164)3,497 99,8014,752 (5,253)
CAD7,195343 380 —— — 
JPY27,2751,299 (1,436)16,428782 (865)
CNY88,0464,193 (4,634)98,3434,683 (5,176)
HKD12,247583 (645)18,493881 (973)
GBP3,513167 (185)10,223487 (538)
SGD17,629839 (928)14,888709 (784)
KRW24,6921,176 (1,299)19,189914 (1,010)
Total 114,1485,436 (5,250)277,36513,208 (14,599)
The following table presents the potential change in equity gross of tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s foreign currency hedging instruments on highly probable transactions.
At December 31, 2025At December 31, 2024
(€ thousands, except basis points)Notional amount+500 bps-500 bpsNotional amount+500 bps-500 bps
CurrencyImpact on hedge reserveImpact on hedge reserve
USD43,1242,054 (2,270)139,5826,647 (7,346)
CAD8,624411 (454)—— — 
JPY10,332491 (544)20,469975 (1,077)
CNY172,3908,209 (9,073)160,3447,635 (8,439)
HKD10,078480 (530)17,697843 (931)
GBP12,512596 (659)27,9411,331 (1,471)
SGD4,845231 (255)8,114386 (427)
KRW—— — 3,150150 (166)
Total 261,90512,472 (13,785)377,29717,967 (19,857)
The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in the EUR/USD year-end exchange-rate, applied to the Thom Browne put option in U.S. Dollars on non-controlling interests (recorded within other non-current financial liabilities).
At December 31, 2025At December 31, 2024
(€ thousands, except basis points)Notional amount+500 bps-500 bpsNotional amount+500 bps-500 bps
CurrencyImpact on profit before taxImpact on profit before tax
USD(90,295)4,300(4,752)(127,072)6,051 (6,688)
Total (90,295)4,300(4,752)(127,072)6,051 (6,688)
Summary of Sensitivity on Floating Rate Borrowings
The following table presents the sensitivity on floating rate borrowings not covered by interest rate swaps.
At December 31, 2025
AmountTotal interest rate (*)Interest expense-20%Impact on profit before tax+20%Impact on profit before tax
(€ thousands, except percentages)
50,0003.000%1,5002.580%1,2903.420%1,710
18,8242.890%5442.476%4663.304%622
13,4262.990%4012.547%3423.427%460
40,0003.080%1,2302.649%1,0603.503%1,401
10,0002.960%2962.558%2563.364%336
10,0002.880%2882.472%2473.284%328
10,0002.940%2942.529%2533.343%334
1634.130%73.703%64.549%7
152,4134,5603,9205,200
______________________
*The overall rate indicated is compounded of the fixed spread plus the variable rate (+-20% is on the variable rate).

At December 31, 2024
AmountTotal interest rate (*)Interest expense-20%Impact on profit before tax+20%Impact on profit before tax
(€ thousands, except percentages)
50,0003.854%1,9273.263%1,6324.445%2,223
1,4523.822%553.245%474.399%64
20,0003.732%7463.150%6304.314%863
20,0003.460%6922.922%5843.998%800
40,0003.612%1,4453.085%1,2344.139%1,656
10,0004.271%4273.606%3614.936%494
10,0004.222%4223.548%3554.896%490
3704.433%163.891%144.975%18
15,0002.840%4262.272%3413.408%511
35,0002.840%9942.272%7953.408%1,193
40,0003.846%1,5383.237%1,2954.455%1,782
241,8228,6907,28810,092
______________________
*The overall rate indicated is compounded of the fixed spread plus the variable rate (+-20% is on the variable rate).

The following table presents the sensitivity of a hypothetical change of +/- 100 bps in year-end cost of debt rate for written put option on non-controlling interests:
At December 31, 2025At December 31, 2024
(€ thousands, except basis points)Notional amount+100 bps-100 bpsNotional amount+100 bps-100 bps
Impact on profit before taxImpact on profit before tax
Thom Browne(90,295)3,471 (3,654)(127,072)6,043 (6,419)
Dondi(15,337)860 (930)(19,266)1,261 (1,375)
Total(105,632)4,331 (4,584)(146,338)7,304 (7,794)
Summary of Groups Financial Liabilities into Relevant Maturity Groupings
The following tables summarize the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities:
Contractual cash flows at December 31, 2025
(€ thousands)Within
1 year		Between 1 and
2 years		Between 2 and
3 years		Beyond 3 yearsTotal contractual cash flowsCarrying amount at December 31, 2025
Derivative financial instruments4,315261——4,5764,576
Trade payables and customer advances326,245———326,245326,245
Borrowings89,717102,00560,3054,769256,796246,189
Lease liabilities166,666143,825122,889402,856836,236731,589
Other current and non-current financial liabilities———105,632105,632105,632
Total586,943246,091183,194513,2571,529,4851,414,231
Contractual cash flows at December 31, 2024
(€ thousands)Within
1 year		Between 1 and
2 years		Between 2 and
3 years		Beyond 3 yearsTotal contractual cash flowsCarrying amount at December 31, 2024
Derivative financial instruments14,699—439—15,13815,138
Trade payables and customer advances309,771———309,771309,771
Borrowings186,02988,347101,27313,824389,473373,567
Lease liabilities165,596132,995114,623336,032749,246661,685
Other current and non-current financial liabilities———146,447146,447146,448
Total676,095221,342216,335496,3031,610,0751,506,609
Summary of Aging of Trade Receivables The following table provides the aging of trade receivables:
(€ thousands)Not yet due0-120 days overdue121-180 days overdue>180 days overdueTotal
Trade receivables, gross186,69536,2499,66617,529250,139
Loss allowance(3,777)(8,827)(2,050)(8,398)(23,052)
Total trade receivables at December 31, 2025182,91827,4227,6169,131227,087
Trade receivables, gross180,17660,2836,23116,690263,380
Loss allowance31(1,503)(771)(12,347)(14,590)
Total trade receivables at December 31, 2024180,20758,7805,4604,343248,790