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Impairment testing of intangible assets with indefinite useful lives (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of information for cash-generating units [abstract] |
Summary of the intangible assets with indefinite useful lives | As of December 31, 2022, the intangible assets with indefinite useful lives that are the most significant in terms of their carrying amounts and the criteria used for impairment testing are as follows:
|  | Goodwill |  |  | Brands |  |  | Long-term growth rate (bps) |
December 31, 2022 (Euro thousands) |  | Net carrying amount |  |  | WACC (bps) |  |  | Net carrying amount |  |  | WACC (bps) |  |  | Royalty rate (bps) |
Lanvin |  |  | 45,931 |  |  |  | 1,445 |  |  |  | 100,906 |  |  |  | 1,645 |  |  |  | 518 |  |  |  | 129 |
Wolford |  |  | 11,701 |  |  |  | 1,434 |  |  |  | 37,856 |  |  |  | 1,634 |  |  |  | 250 |  |  |  | 237 |
St. John |  |  | 11,691 |  |  |  | 1,436 |  |  |  | 30,271 |  |  |  | 1,636 |  |  |  | 344 |  |  |  | 248 |
Sergio Rossi |  |  | — |  |  |  | N.A. |  |  |  | 3,301 |  |  |  | 2,001 |  |  |  | 125 |  |  |  | 143 |
Total |  |  | 69,323 |  |  |  |  |  |  |  | 172,334 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Goodwill |  |  | Brands |  |  | Long-term growth rate (bps) |
December 31, 2021 (Euro thousands) |  | Net carrying amount |  |  | WACC (bps) |  |  | Net carrying amount |  |  | WACC (bps) |  |  | Royalty rate (bps) |
Lanvin |  |  | 45,931 |  |  |  | 1,370 |  |  |  | 100,906 |  |  |  | 1,570 |  |  |  | 518 |  |  |  | 97 |
Wolford |  |  | 11,701 |  |  |  | 1,330 |  |  |  | 37,856 |  |  |  | 1,530 |  |  |  | 250 |  |  |  | 176 |
St. John |  |  | 11,691 |  |  |  | 1,346 |  |  |  | 30,271 |  |  |  | 1,546 |  |  |  | 344 |  |  |  | 188 |
Sergio Rossi |  |  | — |  |  |  | N.A. |  |  |  | 3,301 |  |  |  | 1,567 |  |  |  | 125 |  |  |  | 109 |
Total |  |  | 69,323 |  |  |  |  |  |  |  | 172,334 |  |  |  |  |  |  |  |  |  |  |  |  |
Summary of the sensitivity of the impairment testing to reasonably possible changes in key assumptions | The following table details the sensitivity of the impairment testing to reasonably possible changes in key assumptions:
|  | At December 31, 2022 impairment loss due to |  |  | At December 31, 2021 impairment loss due to |
|  | Goodwill |  |  | Brand |  |  | Goodwill |  |  | Brand |
(Euro thousands) |  | WACC +10 bps |  |  | Long-term growth rate - 10 bps |  |  | WACC +10 bps |  |  | Long-term growth rate - 10 bps |  |  | Royalty Rate -10 bps |  |  | WACC +10 bps |  |  | Long-term growth rate - 10 bps |  |  | WACC +10 bps |  |  | Long-term growth rate - 10 bps |  |  | Royalty Rate -10 bps |
Lanvin |  |  | 3,810 |  |  |  | 1,522 |  |  |  | 1,002 |  |  |  | 310 |  |  |  | 2,236 |  |  |  | 4,002 |  |  |  | 1,563 |  |  |  | 1,035 |  |  |  | 330 |  |  |  | 2,178 |
Wolford |  |  | 5,904 |  |  |  | 2,507 |  |  |  | 491 |  |  |  | 172 |  |  |  | 2,053 |  |  |  | 5,356 |  |  |  | 2,888 |  |  |  | 476 |  |  |  | 219 |  |  |  | 2,004 |
St. John |  |  | 1,928 |  |  |  | 782 |  |  |  | 330 |  |  |  | 110 |  |  |  | 1,118 |  |  |  | 1,331 |  |  |  | 642 |  |  |  | 245 |  |  |  | 87 |  |  |  | 924 |
Sergio Rossi |  |  | N.A. |  |  |  | N.A. |  |  |  | 23 |  |  |  | 6 |  |  |  | 334 |  |  |  | N.A. |  |  |  | N.A. |  |  |  | 31 |  |  |  | 10 |  |  |  | 351 |

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- Definition The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2022-03-24 -Paragraph 134 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2022-en-r&anchor=para_134&doctype=Standard -URIDate 2022-03-24 + Details
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