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COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Commitments [Abstract]

Disclosure of future minimum purchase obligations under arrangements

Future minimum purchase obligations under these supplier and sponsorship arrangements at December 31, 2022 were as follows:

At December 31, 2022

Due within one year

Due between one and three years

Due between three and five years

Due beyond five years

Total

(€ thousand)

Minimum purchase obligations

54,964

12,445

3,311

—

70,720

Disclosure of future aggregate minimum lease payments under non-cancellable operating leases

The future aggregate minimum lease payments under non-cancellable leases, primarily relating to the lease of stores and industrial buildings, are as follows:

At December 31, 2022

Due within one year

Due between one and three years

Due between three and five years

Due beyond five years

Total

(€ thousand)

Future minimum lease payments under lease agreements

16,178

19,775

11,886

12,785

60,624