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v3.23.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Summary Of Significant Accounting Policies [Abstract] |
Summary of new standards and amendments issued by the IASB | New Standards and Amendments issued by the IASB and applicable to the Group from January 1, 2022
New IFRS Standards and Amendments to existing standards |  | Effective date
IFRS 3 References to the Conceptual Framework |  | January 1, 2022
IAS 16 Proceeds before Intended Use |  | January 1, 2022
IAS 37 Onerous Contracts – Cost of Fulfilling a Contract |  | January 1, 2022
Annual Improvements to IFRS Standards 2018-2020 Cycle |  | January 1, 2022
New standards, amendments and interpretations not yet effective At the date of authorization of these consolidated financial statements, several new, but not yet effective, Standards and amendments to existing Standards, and Interpretations have been published by the IASB. None of these Standards or amendments to existing Standards have been adopted early by the Group.
New IFRS Standards and Amendments to existing standards |  | Effective date
IFRS 17 Insurance Contracts |  | January 1, 2023
IFRS 17 and IFRS 4 Amendments to IFRS 17 Insurance Contracts |  | January 1, 2023
IAS 1 Classification of Liabilities as Current or Non-current |  | January 1, 2023
IAS 1 Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) |  | January 1, 2023
IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction’ (Amendments to IAS 12) |  | January 1, 2023
IAS 1 Disclosure of Accounting Policies |  | January 1, 2023
IAS 8 Definition of Accounting Estimates |  | January 1, 2023
Summary of principal foreign currency exchange rates used by the Group | The principal foreign currency exchange rates used by the Group to translate other currencies into Euro, were as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | At December 31 |  |  | Average |  |  | At December 31 |  |  | Average |  |  | At December 31 |  |  | Average |
CNY |  |  | 7.4229 |  |  |  | 7.0714 |  |  |  | 7.2197 |  |  |  | 7.6372 |  |  |  | 8.0250 |  |  |  | 7.8704 |
CHF |  |  | 0.9841 |  |  |  | 1.0036 |  |  |  | 1.0347 |  |  |  | 1.0818 |  |  |  | 1.0844 |  |  |  | 1.0706 |
GBP |  |  | 0.8843 |  |  |  | 0.8519 |  |  |  | 0.8389 |  |  |  | 0.8603 |  |  |  | 0.9027 |  |  |  | 0.8891 |
HKD |  |  | 8.3095 |  |  |  | 8.2390 |  |  |  | 8.8304 |  |  |  | 9.1986 |  |  |  | 9.5354 |  |  |  | 8.8482 |
INR |  |  | 88.1789 |  |  |  | 82.5907 |  |  |  | 84.3226 |  |  |  | 87.5124 |  |  |  | 90.0633 |  |  |  | 84.4913 |
JPY |  |  | 141.7666 |  |  |  | 137.7370 |  |  |  | 130.2725 |  |  |  | 129.8404 |  |  |  | 126.9056 |  |  |  | 121.8322 |
MXN |  |  | 20.7529 |  |  |  | 21.0553 |  |  |  | 23.1683 |  |  |  | 24.0754 |  |  |  | 24.4650 |  |  |  | 24.3566 |
SEK |  |  | 11.1472 |  |  |  | 10.6281 |  |  |  | 10.2407 |  |  |  | 10.1418 |  |  |  | 10.0791 |  |  |  | 10.4784 |
SGD |  |  | 1.4321 |  |  |  | 1.4499 |  |  |  | 1.5303 |  |  |  | 1.5902 |  |  |  | 1.6273 |  |  |  | 1.5734 |
USD |  |  | 1.0658 |  |  |  | 1.0521 |  |  |  | 1.1324 |  |  |  | 1.1835 |  |  |  | 1.2299 |  |  |  | 1.1408 |
Summary of scope of consolidation | The Group’s scope of consolidation at December 31, 2022 and 2021 was as follows:
Company |  | Registered office |  | Nominal value of registered capital |  |  |  | % of Group |  |
| 2022 |  |  | 2021 |  |
Fosun Fashion Group (Cayman) Limited |  | Grand Cayman, Cayman Islands |  |  | E uro 50,000 |  |  |  |  | 100.00 |  |  |  | N.A. |  |
Fosun Fashion Investment Holdings (HK) Limited |  | Hong Kong, P.R.C. |  |  | HKD100 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Fosun Fashion (Shanghai) Consulting Management Co., Ltd. |  | Shanghai, P.R.C. |  |  | USD500,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
SJK Investment Holdings Limited |  | Grand Cayman, Cayman Islands |  |  | USD1,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
FFG Investment (Luxembourg) S.à r.l. |  | The Grand Duchy of Luxembourg |  |  | Euro12,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Fosun Fashion Brand Management Co., Limited |  | Hong Kong, P.R.C. |  |  | HKD31,878 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Luminary Talent Limited |  | Hong Kong, P.R.C. |  |  | HKD1 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
FFG Lily (Luxembourg) S.à r.l. |  | The Grand Duchy of Luxembourg |  |  | Euro12,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
FFG Wisdom (Luxembourg) S.à r.l. |  | The Grand Duchy of Luxembourg |  |  | Euro12,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Fosun Fashion Brands Management Co., Limited |  | Shanghai, P.R.C. |  |  | CNY42,393,000 |  |  |  |  | 80.00 |  |  |  | 80.00 |  |
Virtuoso Investment Holdings Luxembourg S.à r.l. |  | The Grand Duchy of Luxembourg |  |  | Euro12,500 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
FFG Lucky SAS |  | Paris, France |  |  | Euro1 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Fosun Fashion (Hainan) Industry Development Co., Ltd. |  | Hainan, P.R.C. |  |  | USD2,000,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Shanghai Fulang Brand Management (Group) Co., Ltd. |  | Shanghai, P.R.C. |  |  | USD3,000,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Oasis Fashion Holdings Limited |  | Hong Kong, P.R.C. |  |  | HKD100 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
LANVIN GROUP S.R.L. |  | Milan, Italy |  |  | Euro10,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Lanv Fashion Pte. Ltd. |  | Singapore |  |  | SGD1 |  |  |  |  | 100.00 |  |  |  | — |  |
Lanvin Group Fashion (America) Inc. |  | Newark, U.S.A. |  |  | USD20 |  |  |  |  | 100.00 |  |  |  | — |  |
Arpège SAS |  | Paris, France |  |  | E uro 91,135,692 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
Wolford AG |  | Breagaz, Austria |  |  | E uro 46,337,596.8 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Raffaele Caruso S.p.A |  | Soragna, Italy |  |  | Euro2,937,145 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
St. John Knits International, Incorporated |  | Delaware, U.S.A. |  |  | USD379,547 |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
Sergio Rossi S.p.A |  | San Mauro Pascoli, Italy |  |  | Euro44,084,197 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
JEANNE LANVIN |  | Paris, France |  |  | Euro16,297,330 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
LANVIN MONTE-CARLO |  | Monaco, Monaco |  |  | Euro150,000 |  |  |  |  | 94.19 |  |  |  | 90.52 |  |
Lanvin Inc. |  | New York, U.S.A. |  |  | USD12,028,400 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L3F CROISETTE |  | Paris, France |  |  | Euro20,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L1 Bal Harbour LLC |  | Miami, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L2 Crystals LLC |  | Las Vegas, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L3 Madison LLC |  | New York, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L4 Rodeo Drive LLC |  | Beverly Hills, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L5 US ECOM LLC |  | New York, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L6 MADISON, LLC |  | New York, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L7 Chicago LLC |  | Chicago, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L8 South Coast Plaza LLC |  | Costa Mesa, U.S.A. |  |  | USD1,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L1 SPIGA Srl |  | Milan, Italy |  |  | Euro46,587 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L1 Outlet Srl |  | San Remo, Italy |  |  | Euro10,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
L1 Services Srl |  | Padova, Italy |  |  | Euro10,000 |  |  |  |  | N.A. |  |  |  | 90.61 |  |
LANVIN JAPAN K.K. |  | Tokyo, Japan |  |  | JPY100,000,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
LANVIN ASIA PACIFIC LIMITED |  | Hong Kong, P.R.C. |  |  | HKD12,000,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
Lans Atelier (SHANGHAI) Trading Co., Ltd. |  | Shanghai, P.R.C. |  |  | USD50,000,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
LANVIN MACAU LIMITED |  | Macao, P.R.C. |  |  | MOP25,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
LANVIN TAIWAN Ltd. |  | Taipei, P.R.C. |  |  | TWD31,000,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
LANVIN LIMITED |  | London, U.K. |  |  | GBP1 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
Jeanne Lanvin GmbH |  | München, Germany |  |  | E u ro 675,000 |  |  |  |  | 94.28 |  |  |  | 90.61 |  |
Wolford Beteiligungs GmbH |  | Bregenz, Austria |  |  | Euro35,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford proizvodnja in trgovina d.o.o. |  | Murska Sobota, Slovenia |  |  | Euro500,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Deutschland GmbH |  | Bielefeld, Germany |  |  | Euro260,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford (Schweiz) AG |  | Opfikon, Switzerland |  |  | CHF200,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford London Ltd. |  | London, U.K. |  |  | GBP100,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Paris S.A.R.L. |  | Paris, France |  |  | Euro1,525,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Italia S.r.l. |  | Mailand, Italy |  |  | Euro500,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford España S.L. |  | Madrid, Spain |  |  | Euro60,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Scandinavia ApS |  | Kopenhagen, Danmark |  |  | DKK800,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford America, Inc. |  | New York, U.S.A. |  |  | N.A. |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Nederland B.V. |  | Amsterdam, Netherlands |  |  | Euro50,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Canada Inc. |  | Vancouver, Canada |  |  | CAD100 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Asia Limited |  | Hong Kong, P.R.C. |  |  | HKD2,850,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Belgium N.V. |  | Antwerpen, Belgium |  |  | Euro124,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford (Shanghai) Trading Co., Ltd. |  | Shanghai, P.R.C. |  |  | Euro3,000,000 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
Wolford Berangere |  | Paris, France |  |  | E uro 7,622 |  |  |  |  | 58.45 |  |  |  | 58.45 |  |
St. John Knits, Inc. |  | California, U.S.A. |  |  | US D 379,547.46 |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
ST. JOHN ASIA LIMITED |  | Hong Kong, P.R.C. |  |  | HKD1,000,000 |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
St. John Canada Corporation |  | Nova Scotia, Canada |  |  | N.A. |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
St. John China Limited |  | Hong Kong, P.R.C. |  |  | HKD100 |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
St. John China Holdings Limited |  | Hong Kong, P.R.C. |  |  | USD35,000,000 |  |  |  |  | 77.56 |  |  |  | 77.56 |  |
St. John (Shanghai) Trading Co., Ltd. |  | Shanghai, P.R.C. |  |  | USD7,000,000 |  |  |  |  | 77.56 |  |  |  | 77.56 |  |
St. John de Mexico S.A. de C.V. |  | Tijuana Baja, Mexico |  |  | PES 50,000 |  |  |  |  | 96.95 |  |  |  | 96.95 |  |
Shanghai Caruso Trading Co., Ltd. |  | Shanghai, P.R.C. |  |  | CNY1,000,000 |  |  |  |  | 100.00 |  |  |  | 100.00 |  |
Sergio Rossi Retail s.r.l. |  | San Mauro Pascoli, Italy |  |  | Euro30,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi USA Inc. |  | New York, U.S.A. |  |  | USD150,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi UK Limited |  | London, U.K. |  |  | GBP2,350,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi Japan Limited |  | Tokyo, Japan |  |  | JPY100,000,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi Hong Kong Limited |  | Hong Kong, P.R.C. |  |  | HKD99,582,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi Shanghai Trading Limited |  | Shanghai, P.R.C. |  |  | E uro 10,600,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Sergio Rossi Deutschland GmbH |  | München, Germany |  |  | Euro25,000 |  |  |  |  | 99.03 |  |  |  | 99.00 |  |
Summary of depreciation over the estimated useful lives of the assets | Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
Buildings |  | 10 to 50 years
Machinery and equipment |  | 3 to 20 years
Leasehold improvements |  | 5 to 15 years
Office equipment |  | 2 to 10 years
Other |  | 2 to 10 years
Summary of Intangible assets are amortised on a straight-line basis | Intangible assets with a definite useful life are amortized on a straight-line basis at the following periods:
Trademarks and patents |  | 3 to 10 years
Software |  | 2 to 10 years
Other |  | 1 to 5 years

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