Ermenegildo Zegna (ZGN) 6-K 15 Sep 23 Current report (foreign) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Entity Registrant Name	Ermenegildo Zegna N.V.
Entity Central Index Key	0001877787
Current Fiscal Year End Date	--12-31
Document Type	6-K
Document Period End Date	Jun. 30, 2023
Amendment Flag	false

Semi-Annual Condensed Consolida

Semi-Annual Condensed Consolidated Statement Of Profit And Loss - EUR (€) € in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	[1]
Profit or loss [abstract]
Revenues		€ 903,059	€ 728,993
Cost of sales		(323,228)	(280,182)
Gross profit		579,831	448,811
Selling, general and administrative expenses		(415,792)	(332,854)
Marketing expenses		(47,530)	(34,590)
Operating profit		116,509	81,367
Financial income		15,601	15,901
Financial expenses		(44,592)	(41,965)
Foreign exchange losses		(7,003)	(9,893)
Result from investments accounted for using the equity method		(2,237)	2,661
Profit before taxes		78,278	48,071
Income taxes		(26,162)	(27,050)
Profit	[2]	52,116	21,021
Attributable to:
Shareholders of the Parent Company		45,967	14,038
Non-controlling interests		€ 6,149	€ 6,983
Basic earnings per share (in EUR per share)		€ 190	€ 60
Diluted earnings per share (in EUR per share)		€ 190	€ 60
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.[2]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.

Semi-Annual Condensed Consoli_2

Semi-Annual Condensed Consolidated Statement Of Comprehensive Income - EUR (€) € in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Statement of comprehensive income [abstract]
Profit	[1]	€ 52,116	€ 21,021	[2]
Items that will be subsequently reclassified to the statement of profit and loss:
Foreign currency exchange differences arising from the translation of foreign operations	[3]	(6,538)	27,047
Net gain from cash flow hedges		(5,198)	2,210
Net loss from financial instruments measured at fair value		372	(1,349)
Items that will not be subsequently reclassified to the statement of profit and loss:
Net actuarial gain from defined benefit plans		274	1,340
Total other comprehensive income	[1]	(11,090)	29,248
Total comprehensive income		41,026	50,269	[1]
Attributable to:
Shareholders of the Parent Company		35,364	42,858
Non-controlling interests		€ 5,662	€ 7,411
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.[2]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.[3]As a result of the acquisition of Tom Ford International in April 2023, cumulative translation losses amounting to €4,705 thousand related to the original investment held in Tom Ford International were reclassified from other comprehensive income to profit and loss for the six months ended June 30, 2023. For additional information relating to the acquisition of Tom Ford International see Note 1 — General information, Note 12 — Investments accounted for using the equity method and Note 24 — Business combinations.

Semi-Annual Condensed Consoli_3

Semi-Annual Condensed Consolidated Statement Of Comprehensive Income (Parenthetical) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	[1]
Condensed Statement of Income Captions [Line Items]
Foreign exchange loss	€ 7,003	€ 9,893
Tom Ford International LLC
Condensed Statement of Income Captions [Line Items]
Foreign exchange loss	€ 4,705
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Semi-Annual Condensed Consoli_4

Semi-Annual Condensed Consolidated Statement Of Financial Position - EUR (€) € in Thousands		Jun. 30, 2023	Dec. 31, 2022
Non-current assets
Intangible assets		€ 543,896	€ 455,908
Property, plant and equipment		148,420	126,139
Right-of-use assets		528,747	375,508
Investments accounted for using the equity method		12,743	22,648
Deferred tax assets		139,351	124,627
Other non-current financial assets		37,614	36,240
Total non-current assets		1,410,771	1,141,070
Current assets
Inventories		545,176	410,851
Trade receivables		217,208	177,213
Derivative financial instruments		17,985	22,454
Tax receivables		17,734	15,350
Other current financial assets		109,918	320,894
Other current assets		99,680	84,574
Cash and cash equivalents		255,040	254,321
Total current assets		1,262,741	1,285,657
Total assets		2,673,512	2,426,727
Liabilities and Equity
Equity attributable to shareholders of the Parent Company		761,953	678,949
Equity attributable to non-controlling interests		52,966	53,372
Total equity	[1]	814,919	732,321
Non-current liabilities
Non-current borrowings		112,747	184,880
Other non-current financial liabilities		151,712	178,793
Non-current lease liabilities		463,552	332,050
Non-current provisions for risks and charges		16,621	19,581
Employee benefits		28,134	51,584
Deferred tax liabilities		63,907	60,534
Total non-current liabilities		836,673	827,422
Current liabilities
Current borrowings		283,077	286,175
Other current financial liabilities		23,373	37,258
Current lease liabilities		121,761	111,457
Derivative financial instruments		2,186	2,362
Current provisions for risks and charges		15,458	13,969
Trade payables and customer advances		296,965	270,936
Tax liabilities		46,928	25,999
Other current liabilities		232,172	118,828
Total current liabilities		1,021,920	866,984
Total equity and liabilities		€ 2,673,512	€ 2,426,727
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.

Semi-Annual Condensed Consoli_5

Semi-Annual Condensed Consolidated Cash Flow Statement - EUR (€) € in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Operating activities
Profit	[1]	€ 52,116	€ 21,021	[2]
Income taxes		26,162	27,050
Depreciation, amortization and impairment of assets		86,983	88,204
Financial income		(15,601)	(15,901)
Financial expenses		44,592	41,965
Foreign exchange losses		7,003	9,893
Write downs and other provisions		962	654
Write downs of the provision for obsolete inventory		19,292	10,856
Result from investments accounted for using the equity method		2,237	(2,661)
Gains arising from the sale of fixed assets		0	(1,511)
Other non-cash expenses, net		18,839	11,776
Change in inventories		(79,454)	(51,806)
Change in trade receivables		(26,851)	(3,341)
Change in trade payables including customer advances		3,710	(2,014)
Change in other operating assets and liabilities		2,870	(69,396)
Interest paid		(13,480)	(10,974)
Income taxes paid		(21,797)	(25,440)
Net cash flows from operating activities		107,583	28,375
Investing activities
Payments for property, plant and equipment		(25,699)	(15,824)
Proceeds from disposals of property, plant and equipment		0	3,253
Payments for intangible assets		(8,801)	(12,715)
Proceeds from disposals of non-current financial assets		0	796
Payments for purchases of non-current financial assets		(585)	0
Proceeds from disposals of current financial assets and derivative instruments		221,869	31,040
Payments for acquisitions of current financial assets and derivative instruments		(6,023)	(21,204)
Business combinations, net of cash acquired		(108,575)	0
Acquisition of investments accounted for using the equity method		(11,228)	0
Net cash flows from/(used in) investing activities		60,958	(14,654)
Financing activities
Proceeds from borrowings		65,000	0
Repayments of borrowings		(173,407)	(76,687)
Repayments of other non-current financial liabilities		0	(3,919)
Payments of lease liabilities		(59,115)	(64,641)
Warrant redemption		4,409	0
Capital contribution		0	10,923
Sales of shares held in treasury		3,654	3,390
Dividends paid to non-controlling interests		(6,068)	(4,147)
Net cash flows used in financing activities		(165,527)	(135,081)
Effects of exchange rate changes on cash and cash equivalents		(2,295)	8,452
Net increase/(decrease) in cash and cash equivalents		719	(112,908)
Cash and cash equivalents at the beginning of the period		254,321	459,791
Cash and cash equivalents at the end of the period		€ 255,040	€ 346,883
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.[2]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Semi-Annual Condensed Consoli_6

Semi-Annual Condensed Consolidated Statement Of Changes In Equity - EUR (€) € in Thousands		Total		Total equity attributable to shareholders of the Parent Company	Share capital	Share premium	Currency translation difference	Cash flow hedge reserve	Reserve for remeasure-ment of defined benefit plans	Financial assets at FVOCI reserve	Other legal reserves	Reserve for treasury shares	Other reserves	Retained earnings	Total equity attributable to non-controlling interests
At beginning of period at Dec. 31, 2021	[1]	€ 644,304		€ 601,210	€ 5,939	€ 721,187	€ (4,928)	€ (8,365)	€ 311	€ 687	€ 20,351	€ (455,000)	€ (178,424)	€ 499,452	€ 43,094
Profit		21,021	[1],[2]	14,038										14,038	6,983	[1]
Other comprehensive income/(loss)		29,248	[1]	28,820			26,719	2,210	1,240	(1,349)					428	[1]
Total comprehensive income		50,269	[1]	42,858			26,719	2,210	1,240	(1,349)				14,038	7,411	[1]
Dividends		(26,001)	[1]	(21,854)										(21,854)	(4,147)	[1]
Sale of treasury shares, net		3,824	[1]	3,824								3,824
Share-based payments		6,683	[1]	6,683									6,683
Other changes		296	[1]	(310)									(436)	126	606	[1]
At end of period at Jun. 30, 2022	[1]	679,375		632,411	5,939	721,187	21,791	(6,155)	1,551	(662)	20,351	(451,176)	(172,177)	491,762	46,964
At beginning of period at Dec. 31, 2022	[1]	732,321		678,949	5,939	721,187	5,295	13,379	1,252	(795)	25,278	(451,174)	(169,732)	528,320	53,372
Profit		52,116	[1]	45,967										45,967	6,149	[1]
Other comprehensive income/(loss)		(11,090)	[1]	(10,603)			(6,059)	(5,198)	282	372					(487)	[1]
Total comprehensive income		41,026		35,364			(6,059)	(5,198)	282	372				45,967	5,662	[1]
Dividends		(31,099)	[1]	(25,031)										(25,031)	(6,068)	[1]
Sale of treasury shares, net		3,654	[1]	3,654								3,902	(248)
Warrant Redemption		63,496	[1]	63,496	115	64,617							(1,236)
Share-based payments		6,536	[1]	6,536									6,536
Settlement of share-based payments		0	[1]									10,650	(11,093)	443
Other changes		(1,015)	[1]	(1,015)									5,389	(6,404)
At end of period at Jun. 30, 2023	[1]	€ 814,919		€ 761,953	€ 6,054	€ 785,804	€ (764)	€ 8,181	€ 1,534	€ (423)	€ 25,278	€ (436,622)	€ (170,384)	€ 543,295	€ 52,966
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.[2]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

General information

General information	6 Months Ended
	Jun. 30, 2023
General Information [Abstract]
General information	1. General information Ermenegildo Zegna N.V. (formerly known as Ermenegildo Zegna Holditalia S.p.A., and hereinafter referred to as “Zegna,” the “Company” or the “Parent Company” and together with its consolidated subsidiaries, or any one or more of them, as the context may require, the “Zegna Group” or the “Group”) is the holding company of the Zegna Group and is incorporated as a public company ( naamloze vennootschap ) under the laws of the Netherlands and its ordinary shares are listed on the New York Stock Exchange under the “ZGN” ticker. The Company is domiciled in Amsterdam, the Netherlands, and the Company’s registered office is Viale Roma 99/100, Valdilana (Biella), Italy. Zegna is a leading global luxury group, internationally recognized for the distinctive heritage of craftsmanship and design associated with the Zegna and Thom Browne brands and the noble fabrics and fibers of its in-house luxury textile and knitwear business. Since its foundation in 1910 through Lanificio Ermenegildo Zegna e Figli S.p.A. in Valdilana (BI), Italy, Zegna has expanded beyond luxury textile production to ready-to-wear products and accessories to become a highly recognized luxury lifestyle group. The Group designs, manufactures, markets and distributes luxury menswear, footwear, leather goods and other accessories under the Zegna and the Thom Browne brands, and luxury womenswear and childrenswear under the Thom Browne brand. The Group’s product range is complemented by eyewear, cufflinks and jewelry, watches, underwear and beachwear manufactured by third parties under licenses. In addition, following the completion of the acquisition of Tom Ford International (“TFI”) on April 28, 2023 (the “TFI Acquisition”), the Group has become a long-term licensee of the Estée Lauder Companies Inc. (“ELC”) for all TOM FORD men’s and women’s fashion as well as accessories and underwear, fine jewelry, childrenswear, textile, and home design products. The Group’s business covers the entire value chain as a result of its design, manufacturing and distribution business and the Group has a significant international presence through the retail channel, consisting of directly operated single-brand stores (“Directly Operated Stores” or “DOS”) and online stores, as well as through the wholesale channel, represented by multi-brand stores, luxury department stores and major international airports. Seasonality The luxury apparel market in which the Zegna Group operates is subject to seasonal fluctuations in sales. The Zegna Group’s sales are usually higher in the months of the year in which wholesale customers concentrate their purchases. For example, deliveries of seasonal goods to wholesale customers tend to concentrate from November to February for the Spring/Summer collection and from June to September for the Fall/Winter collection. With regard to retail sales at the Zegna Group’s DOS, sales tend to be higher in the last quarter of the year, driven by the holiday shopping season and in January and February, in correspondence with the Chinese New Year celebrations. However, several events may affect retail sales, including adverse weather conditions or other macroeconomic and external events (including the COVID-19 pandemic). Operating costs, in contrast, do not generally experience significant seasonal fluctuations, except for certain increases in the months of November and December due to the variable costs associated with sales commissions and variable leases. As a result of the foregoing, the financial results for interim periods may not be indicative of results for the entire fiscal year.

Basis of preparation

Basis of preparation	6 Months Ended
	Jun. 30, 2023
Basis of Preparation [Abstract]
Basis of preparation	2. Basis of preparation Statement of compliance with IFRS These Semi-Annual Condensed Consolidated Financial Statements have been prepared in compliance with IAS 34 — Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”). The Semi-Annual Condensed Consolidated Financial Statements should be read in conjunction with the Group’s consolidated financial statements at December 31, 2022 and December 31, 2021 and for each of the three years in the period ended December 31, 2022 (the “Annual Consolidated Financial Statements”), which have been prepared in compliance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) as well as IFRS as adopted by the European Union. The accounting policies adopted are consistent with those applied in the Annual Consolidated Financial Statements, except as described in the section in Note 3 — Summary of significant accounting policies “ New standards and amendments issued by the IASB and applicable from January 1, 2023 ”. These Semi-Annual Condensed Consolidated Financial Statements were approved and authorized for issue by the Board of Directors of Ermenegildo Zegna N.V. on September 12, 2023. These Semi-Annual Condensed Consolidated Financial Statements include the semi-annual condensed consolidated statement of profit and loss, the semi-annual condensed consolidated statement of comprehensive income, the semi-annual condensed consolidated statement of financial position, the semi-annual condensed consolidated cash flow statement, the semi-annual condensed consolidated statement of changes in equity and the accompanying condensed notes. The Semi-Annual Condensed Consolidated Financial Statements are presented in Euro, which is the functional and presentation currency of the Company, and amounts are stated in thousands of Euros, unless otherwise indicated. The Semi-Annual Condensed Consolidated Financial Statements have been prepared on a going concern basis and applying the historical cost method, modified as required for certain financial assets and liabilities (including derivative instruments), which are measured at fair value. The preparation of the Semi-Annual Condensed Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities as well as the disclosure of contingent liabilities. If in the future such estimates and assumptions, which are based on management’s best judgment at the date of these Semi-Annual Condensed Consolidated Financial Statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the period in which the circumstances change. Reference should be made to the section “ Use of estimates ” in the Annual Consolidated Financial Statements for a detailed description of the more significant valuation procedures used by the Group in preparing its consolidated financial statements. Impairment tests of non-current assets (including goodwill and brands with an indefinite useful life for which impairment tests are performed for the preparation of Group’s annual consolidated financial statements) are not performed for the preparation of the semi-annual condensed consolidated financial statements unless impairment indicators have been identified. Similarly, the actuarial valuations that are required for the determination of employee benefit provisions are also usually carried out during the preparation of the annual consolidated financial statements, except in the event of significant market fluctuations, or significant plan amendments, curtailments or settlements. Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group. Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 within these Semi-Annual Condensed Consolidated Financial Statements have been reclassified compared to amounts previously presented by the Group. Other information The table below shows the exchange rates compared to the Euro of the main foreign currencies used by the Group. Average for the six months ended June 30, 2023 At June 30, 2023 At December 31, 2022 Average for the six months ended June 30, 2022 At June 30, 2022 U.S. Dollar 1.081 1.087 1.067 1.093 1.039 Swiss Franc 0.986 0.979 0.985 1.032 0.996 Chinese Renminbi 7.489 7.898 7.358 7.081 6.962 Pound Sterling 0.876 0.858 0.887 0.842 0.858 Hong Kong Dollar 8.471 8.516 8.316 8.556 8.149 Singapore Dollar 1.444 1.473 1.430 1.492 1.448 United Arab Emirates Dirham 3.969 3.991 3.917 4.015 3.815 Japanese Yen 145.760 157.160 140.660 134.323 141.540

Summary of significant accounti

Summary of significant accounting policies	6 Months Ended
	Jun. 30, 2023
Summary Of Accounting Policies [Abstract]
Summary of significant accounting policies	3. Summary of significant accounting policies The accounting principles applied are consistent with those used for the preparation of the Annual Consolidated Financial Statements, except as otherwise stated below. New standards and amendments effective from January 1, 2023 In May 2017 the IASB issued IFRS 17 — Insurance Contracts , which establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts issued as well as guidance relating to reinsurance contracts held and investment contracts with discretionary participation features issued. In June 2020 the IASB issued amendments to IFRS 17 aimed at helping companies implement IFRS 17 and make it easier for companies to explain their financial performance. The new standard and amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In February 2021 the IASB issued amendments to IAS 1 — Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting Policies which require companies to disclose their material accounting policy information rather than their significant accounting policies and provide guidance on how to apply the concept of materiality to accounting policy disclosures. These amendments are effective for annual periods beginning on or after January 1, 2023. The group will include the required disclosures in the annual financial statements. In February 2021 the IASB issued amendments to IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates which clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. These amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In May 2021 the IASB issued amendments to IAS 12 — Income Taxes: Deferred Tax related to Assets and Liabilities Arising From a Single Transaction that clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations. These amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In December 2021 the IASB issued an amendments to IFRS 17 — Insurance Contracts: Initial Application of IFRS 17 and IFRS 9 - Comparative Information , which provides a transition option relating to comparative information about financial assets presented on initial application of IFRS 17. The amendment is aimed at helping entities to avoid temporary accounting mismatches between financial assets and insurance contract liabilities, and therefore improve the usefulness of comparative information for users of financial statements. The amendment is effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In June 2020 the IASB issued amendments to IFRS 4 — Insurance Contracts which defer the expiry date of the temporary exemption from applying IFRS 9 to annual periods beginning on or after January 1, 2023. There was no effect from the adoption of these amendments. In May 2023, the IASB issued amendments to IAS 12 — Income taxes: International Tax Reform – Pillar Two Model Rules, to clarify the application of IAS 12 — Income taxes to income taxes arising from tax law enacted or substantively enacted to implement the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar Two model rules (Pillar Two income taxes). The amendments introduce: (i) a mandatory temporary exception for the recognition of and disclosure relating to deferred tax assets and liabilities arising from the jurisdictional implementation of the Pillar Two model rules, which was effective immediately upon issuance of the amendment and which the Group applied from that date, and (ii) disclosure requirements for affected entities to help users of the financial statements better understand an entity’s exposure to Pillar Two income taxes arising from that legislation, particularly before the effective date of the Pillar Two model rules, which apply for annual reporting periods beginning on or after January 1, 2023, but not for any interim periods ending on or before December 31, 2023. The Group is currently evaluating the impact of the disclosure requirements for the year end consolidated financial statements, together with developments in the adoption into domestic tax law of the Pillar Two models rules in jurisdictions in which the Group operates. Scope of consolidation The following changes in the scope of consolidation of the Group occurred during the six months ended June 30, 2023: In March 2023, the Group completed the acquisition of a 25% minority stake interest in Canadian technical trail running shoe company Norda Run Inc. (“Norda”) for consideration of $7.1 million, with the option to gradually increase its stake over the next nine years. Management has determined that it has significant influence over Norda as a result of its 25% minority equity interest and the Group accounts for its investment in Norda using the equity method. EZ CA Holding Corporation, a limited liability company based in Canada and fully owned by Ermenegildo Zegna N.V. was incorporated in March 2023, primarily to manage the acquisition of Norda. The Group held a 100% interest in the company at June 30, 2023. In March 2023, Zegna Denmark ApS, a limited liability company based in Denmark and fully owned by Ermenegildo Zegna N.V. was incorporated, primarily to manage the operating activities in Denmark. The Group held a 100% interest in the company at June 30, 2023. In April 2023, the Group completed the acquisition of Tom Ford International (“TFI”) (the “TFI Acquisition”), through which it acquired the company that owns and operates the Tom Ford Fashion business, as part of a transaction in which sole ownership of the Tom Ford brand, its trademarks, and other intellectual property rights have been acquired by The Estée Lauder Companies Inc. (“ELC”). Before the completion of the TFI Acquisition, the Zegna Group already owned 15% of TFI, through its fully owned subsidiary EZ US Holding Inc., and, through the TFI Acquisition it acquired the remaining 85% equity interest. As a result of the TFI Acquisition, the Group also obtained 100% of Pelletteria Tizeta, for which it previously held a 50% interest and accounted for the investment using the equity method, with the remaining 50% interest owned by TFI and being acquired by the Group through the TFI Acquisition. For additional information relating to the TFI Acquisition and the acquisition method of accounting for the transaction, see Note 24 — Business combinations . In the first six months of 2023, the interest held in Consorzio Re.Crea was reduced from 16.7% at December 31, 2022 to 15.5% due to the entrance of new consortium members in the company. In March 2023, Thom Browne Korea Ltd., a limited liability company fully owned by Thom Browne Trading SA, was incorporated, primarily to manage the retail business in South Korea, following the acquisition, completed on July 1, 2023, of a network of 17 Thom Browne retail stores previously managed by Samsung C&T Corporation (“Samsung”) under franchising arrangements. Samsung will continue to support the Group through an innovative retail management agreement. The Group held a 90% interest in the company at June 30, 2023. On April 6, 2023 and April 20, 2023, respectively, Investindustrial Acquisition Corp. and Ismaco Amsterdam B.V. were liquidated.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2023
Disclosure of operating segments [abstract]
Segment reporting	4. Segment reporting The Group has determined the operating segments based on the reports reviewed by the Board of Directors, which is considered the Chief Operating Decision Maker (“CODM”) as defined under IFRS 8 — Operating Segments (“IFRS 8”), for the purposes of allocating resources and assessing the performance of the Group. The Group is organized in three operating and reportable segments, based on a brand perspective, as described below: • Zegna segment — Includes all activities related to the Zegna branded products, Textile and Third Party Brands (previously referred to as Strategic Alliances) product lines. • Thom Browne segment — Includes all activities related to the Thom Browne brand. • Tom Ford Fashion segment — Includes all activities related to the Tom Ford Fashion business. Prior to the TFI Acquisition, which was completed on April 28, 2023, the Zegna Group was organized in two segments: the Zegna segment and the Thom Browne segment. Adjusted Earnings Before Interest and Taxes (“Adjusted EBIT”) is the key profit measure used by the CODM to assess performance and allocate resources to the Group’s operating segments, as well as to analyze operating trends, perform analytical comparisons and benchmark performance between periods and among the segments. Adjusted EBIT is defined as profit or loss before income taxes plus financial income, financial expenses, foreign exchange losses and the result from investments accounted for using the equity method, adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operating activitie s, including, for one or all of the periods presented and as further described below, transaction costs related to acquisitions, costs related to the Business Combination, severance indemnities and provisions for severance expenses, legal costs for trademark disputes, special donations for social responsibility, net income related to lease agreements and net impairment of leased and owned stores. Transactions between segments are executed on commercial terms that are normal in the respective markets and primarily relate to intersegment sales. As a result of a change in the way the CODM and management view the business, starting with the year ended December 31, 2022, costs for certain central corporate functions that are not directly attributable to individual segments, and which were previously allocated to the Zegna segment, are presented separately as Corporate. These central corporate costs, which have increased significantly following the Company’s public listing in December 2021, primarily relate to the compensation of the Board of Directors and costs for functions that are managed centrally on behalf of the entire group, including group general counsel, central finance, internal audit, investor relations, insurance coverage for directors and officers, compliance and certain other centralized activities, including those related to being a public company, for which the costs are not allocated to the segments. This presentation reflects the information regularly reviewed by the CODM for the purposes of allocating resources and assessing the performance of the Group, and management believes this presentation more accurately reflects the underlying nature of such costs and the profitability of the individual segments. As a result, the related costs for six months ended June 30, 2022 have been reclassified from the Zegna segment to Corporate to conform to the current period presentation, resulting in an increase in the Zegna segment Adjusted EBIT compared to the amount previously reported for the six months ended June 30, 2022. No measures of assets or liabilities by segment are reported to the CODM. Therefore, the related information is not provided. The following tables summarize selected financial information by segment for the six months ended June 30, 2023 and 2022. For the six months ended June 30, 2023 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany eliminations Group Consolidated Revenues with third parties 632,093 206,951 64,015 — 903,059 Inter-segment revenues 19,662 1,008 12 — (20,682) — Revenues 651,755 207,959 64,027 — (20,682) 903,059 Depreciation and amortization (67,489) (12,953) (6,521) (20) — (86,983) Adjusted EBIT 100,498 31,521 3,676 (15,626) (165) 119,904 Transaction costs related to acquisitions (1) (4,975) Costs related to the Business Combination (2) (1,059) Severance indemnities and provisions for severance expenses (3) (738) Legal costs for trademark disputes (4) (649) Special donations for social responsibility (5) (100) Net income related to lease agreements (6) 4,126 Financial income 15,601 Financial expenses (44,592) Foreign exchange losses (7,003) Result from investments accounted for using the equity method (2,237) Profit before taxes 78,278 ________________________________________ (1) Relates to transaction costs of €4,975 thousand for consultancy and legal fees related to the TFI Acquisition and the acquisition of a 25% in Norda. This amount relates to Corporate. (2) Costs related to the Business Combination of €1,059 thousand relate to the grant of equity awards to management in 2021 with vesting subject to the public listing of the Company’s shares and certain other performance and/or service conditions. This amount relates to the Zegna segment for €548 thousand, to the Thom Browne segment for €46 thousand and to Corporate for €465 thousand. (3) Relates to severance indemnities of €738 thousand. This amount relates to the Zegna segment for €486 thousand and to the Tom Ford Fashion segment for €252 thousand. (4) Relates to legal costs of €649 thousand in connection with a legal dispute between adidas and Thom Browne, primarily in relation to the use of trademarks. This amount relates to the Thom Browne segment. (5) Relates to a donation of €100 thousand to support initiatives related to humanitarian emergencies in Turkey. This amount relates to Corporate. (6) Net income related to lease agreements of €4,126 thousand relates to the derecognition of lease liabilities following a change in terms of a lease agreement in Hong Kong. This amount relates to the Zegna segment. For the six months ended June 30, 2022 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany eliminations Group Consolidated Revenues with third parties 543,827 185,166 — — — 728,993 Inter-segment revenues 9,139 603 — — (9,742) — Revenues 552,966 185,769 — — (9,742) 728,993 Depreciation and amortization (73,755) (10,709) — — — (84,464) Adjusted EBIT 67,997 31,562 — (16,881) — 82,678 Net impairment of leased and owned stores (1) (3,309) Costs related to the Business Combination (2) (1,090) Special donations for social responsibility (3) (1,000) Severance indemnities and provisions for severance expenses (4) (912) Net income related to lease agreements (5) 5,000 Financial income 15,901 Financial expenses (41,965) Foreign exchange losses (9,893) Result from investments accounted for using the equity method 2,661 Profit before taxes 48,071 ________________________________________ (1) Includes net impairment of leased and owned stores, of which €2,764 thousand relates to right-of-use assets, €530 thousand relates to property, plant and equipment and €15 thousand relates to intangible assets. This amount relates to the Zegna segment. (2) Includes €1,090 thousand, relating to the grant of equity awards to management in 2021 with vesting subject to the public listing of the Company’s shares and certain other performance and/or service conditions. This amount relates to the Zegna segment for €578 thousand , to the Thom Browne segment for €47 thousand and to Corporate for €465 thousand. For additional information see Note 22 — Share-based payments . (3) Relates to a donation of €1,000 thousand to support initiatives related to humanitarian emergencies in Ukraine. This amount relates to Corporate. (4) Relates to severance indemnities of €912 thousand. This amount relates to the Zegna segment. (5) Relates to proceeds of €5,000 thousand received from a new tenant in order for Zegna to withdraw from an existing lease agreement of a commercial property. This amount relates to the Zegna segment.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenues	5. Revenues Zegna generates revenues primarily from the sale of its products and services, as well as from royalties received from third parties and licensees. Revenues are recognized net of returns and discounts. The following table provides a breakdown of revenues by product line: For the six months ended June 30, (€ thousands) 2023 2022 Zegna branded products (1) 541,319 425,252 Thom Browne 206,951 185,166 Tom Ford Fashion 64,015 — Textile 73,072 68,968 Third Party Brands 15,477 47,341 Other (2) 2,225 2,266 Total revenues 903,059 728,993 ________________________________________ (1) Zegna branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties. (2) Other mainly includes certain sales of products from previous seasons’ collections. The following table provides a breakdown of revenues by sales channel: For the six months ended June 30, (€ thousands) 2023 2022 Direct to Consumer (DTC) Zegna branded products 465,710 361,850 Thom Browne 82,924 66,174 Tom Ford Fashion 34,751 — Total Direct to Consumer (DTC) 583,385 428,024 Wholesale Zegna branded products 75,609 63,402 Thom Browne 124,027 118,992 Tom Ford Fashion 29,264 — Third Party Brands and Textile 88,549 116,309 Total Wholesale 317,449 298,703 Other (1) 2,225 2,266 Total revenues 903,059 728,993 ________________________________________ (1) Other mainly includes certain sales of products from previous seasons’ collections. The following table provides a breakdown of revenues by geographic area: For the six months ended June 30, (€ thousands) 2023 2022 EMEA (1) 322,680 260,627 of which Italy 151,464 125,996 of which UK 28,823 23,544 of which UAE 31,906 21,745 North America (2) 174,376 135,275 of which United States 156,747 124,291 Latin America (3) 15,736 12,525 APAC (4) 389,025 318,825 of which Greater China Region 306,835 247,193 of which Japan 39,597 30,240 Other (5) 1,242 1,741 Total revenues 903,059 728,993 ________________________________________ (1) EMEA includes Europe, the Middle East and Africa. (2) North America includes the United States of America and Canada. (3) Latin America includes Mexico, Brazil and other Central and South American countries. (4) APAC includes the Greater China Region, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. (5) Other mainly includes royalties. Revenues in the Netherl a nds, the Company’s country of domicile, amounted to €7,503 thousand and €4,234 thousand for the six months ended June 30, 2023 and 2022, respectively.

Financial income, financial exp

Financial income, financial expenses and exchange losses	6 Months Ended
	Jun. 30, 2023
Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses Abstract [Abstract]
Financial income, financial expenses and exchange losses	6. Financial income, financial expenses and exchange losses The following table provides a breakdown for financial income, financial expenses and exchange losses: For the six months ended June 30, (€ thousands) 2023 2022 Financial income Options - Changes in fair value 3,347 60 Warrants - Changes in fair value — 8,417 Securities 5,517 6,290 Hedging operations 1,596 302 Interest on financial other assets 1,095 527 Interest on financial receivables/loans 106 197 Derivative financial instruments 3,180 95 Other financial income 760 13 Total financial income 15,601 15,901 Financial expenses Options - Changes in fair value (2,137) (15,705) Warrants - Changes in fair value (22,909) — Hedging operations (3,179) (5,626) Interest and financial charges for lease liabilities (6,654) (4,947) Securities (2,488) (12,996) Interest on bank loans and overdrafts (6,299) (20) Interest expenses on interest rate swaps (207) (936) Derivative financial instruments — — Other financial expenses (719) (1,735) Total financial expenses (44,592) (41,965) Foreign exchange losses (7,003) (9,893) Financial income and financial expenses relating to options represent the fair value changes during the period in the value of the put options owned by the non-controlling interests in the Group’s investments in the Thom Browne Group and Gruppo Dondi S.p.A. See Note 18 — Other current and non-current financial liabilities for additional details relating to the Group’s written put options on non-controlling interests. On February 28, 2023, Zegna completed the redemption of its outstanding public and private placement warrants to purchase ordinary shares of the Company, which resulted in a remeasurement of the warrant liability and financial expenses of €22,909 thousand. See Note 18 — Other current and non-current financial liabilities for additional information relating to the warrant redemption. Financial income and financial expenses for securities relate to investments in securities held by the Group. In line with the Group’s funding strategy, during the six months ended June 30, 2023 the Group disposed of securities (primarily investments in insurance contracts, fixed income and hedge funds) for total consideration of €219,354 thousand and recognized a gain on disposal of €2,626 thousand. Interest on bank loans and overdrafts mainly includes interest expenses on bank loans. Foreign exchange losses primarily relate to exchange rate effects deriving from the remeasurement of the put options owned by the non-controlling interests in the Group’s investments, and for six months ended June 30, 2023 only, to the reclassification of the cumulative translation losses related to the investment held in TFI, amounting to €4,705 thousand, from other comprehensive income to profit and loss at the date of the TFI Acquisition.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2023
Major components of tax expense (income) [abstract]
Income taxes	7. Income taxes The following table provides a breakdown for income taxes: For the six months ended June 30, (€ thousands) 2023 2022 Current taxes (39,679) (35,051) Deferred taxes 13,517 8,001 Income taxes (26,162) (27,050) Income taxes for the six months ended June 30, 2023 and 2022 amounted to €26,162 thousand and €27,050 thousand, respectively, of which €23,993 thousand and €24,849 thousand, respectively, related to general corporate income taxes in Italy (the Italian Corporate Income Tax (“IRES”)) and other countries in which the Group operates and €2,201 thousand and €2,169 thousand, respectively, related to the Italian Regional Income Tax (“IRAP”), which is calculated on a measure of income defined by the Italian Civil Code as the difference between operating revenues and costs, before financial income and expense, the cost of fixed term employees, credit losses and any interest included in lease payments. For each of the six months ended June 30, 2023 and 2022 the applicable IRAP rate was 5.57% for the Parent Company and 3.9% for the other Italian entities of the Group.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2023
Earnings per share [abstract]
Earnings per share	8. Earnings per share Basic and diluted earnings per share are calculated as the ratio of net profit or (loss) attributable to the shareholders of the Company by the weighted average number of outstanding shares (basic and diluted) of the Company. The following table summarizes the amounts used to calculate basic and diluted earnings per share: For the six months ended June 30, (€ thousands) 2023 2022 Profit attributable to shareholders of the Parent Company 45,967 14,038 Weighted average number of shares for basic earnings per share 244,167,243 237,314,960 Adjustments for calculation of diluted earnings per share: CEO remuneration in shares (1) 1,041,460 1,230,826 Long-Term Incentive Awards 2022-2025 (2) 949,679 384,655 Non-executive directors remuneration in shares (3) 154,860 — Weighted average number of shares for diluted earnings per share 246,313,241 238,930,441 Basic earnings per share in € 0.19 0.06 Diluted earnings per share in € 0.19 0.06 For the first six months ended June 30, 2023 and 2022, the diluted weighted average number of shares outstanding was increased to take into consideration the theoretical effect of the potential ordinary shares relating to equity awards granted by the Group, to the extent to which they are dilutive. All potential ordinary shares are assumed to be converted into ordinary shares at the beginning of the period or, if later, at the date of grant of the potential ordinary shares. The adjustments for the calculation of the weighted average number of shares for diluted earnings per share are further explained below. For additional information see also Note 22 — Share-based payments . (1) CEO remuneration in shares - Potential ordinary shares from the conversion of all or part of the CEO’s fixed remuneration in ordinary shares of the Company. (2) Long-Term Incentive Awards 2022-2025 - Performance share units (PSUs) and retention restricted share units (RSUs) granted to the senior management (excluding the CEO), which in the case of the PSUs are considered to be potential ordinary shares if the performance conditions relating to Adjusted EBIT and adjusted net financial indebtedness/(cash surplus) targets would have been met based on the Group’s performance up to the reporting date, and in the case of the RSUs are considered to be potential ordinary shares if the recipient was still employed by the Group at the reporting date. (3) Non-executive directors remuneration in shares - Potential ordinary shares of the Company granted to the non-executive directors for 50% of their annual base remuneration for services provided in 2022 and 2023 and that will be assigned to the recipients in June 2024.

Other information by nature

Other information by nature	6 Months Ended
	Jun. 30, 2023
Summary Of Additional Information [Abstract]
Other information by nature	9. Other information by nature The following table provides a breakdown of depreciation and amortization and of personnel costs within the semi-annual consolidated statement of profit and loss: For the six months ended June 30, (€ thousands) 2023 2022 Depreciation and amortization Personnel costs Depreciation and amortization Personnel costs Cost of sales 7,417 65,925 7,548 58,041 Selling, general and administrative 78,738 160,309 76,321 136,716 Marketing expenses 828 4,924 595 3,777 Total 86,983 231,158 84,464 198,534 At June 30, 2023 and December 31, 2022 the Group had 7,165 and 6,256, employees, respectively. Headcount increased mainly due to the TFI Acquisition (577 TFI employees and 46 Pelletteria Tizeta employees at June 30, 2023) and the hiring of personnel to reinforce the corporate governance and certain functions as a result of becoming a public company in December 2021.

Intangible assets

Intangible assets	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	10. Intangible assets The following table provides a breakdown for intangible assets: (€ thousands) Goodwill Brand Concessions, licenses, trademarks and patents Other intangible assets Intangible assets in progress Total Historical cost at December 31, 2022 239,709 168,694 42,339 147,204 1,146 599,092 Additions — — 238 6,888 198 7,324 Disposals — — (420) (81) (1) (502) Business combinations — — 90,856 3,797 309 94,962 Exchange differences (3,939) (3,105) 808 (93) (30) (6,359) Other movements and reclassifications — — 1,854 (1,799) (129) (74) Historical cost at June 30, 2023 235,770 165,589 135,675 155,916 1,493 694,443 Accumulated amortization at December 31, 2022 — — (36,989) (106,195) — (143,184) Amortization — — (1,308) (6,669) — (7,977) Disposals — — 226 81 — 307 Exchange differences — — 114 146 — 260 Accumulated amortization at June 30, 2023 — — (38,966) (111,581) — (150,547) Carrying amount at: December 31, 2022 239,709 168,694 5,350 41,009 1,146 455,908 June 30, 2023 235,770 165,589 96,709 44,335 1,493 543,896 The intangible assets held by the Group increased primarily as a result of the TFI Acquisition. In particular, as part of the acquisition accounting for the acquisition, the Group recognized a license agreement asset at its preliminary fair value of €90,856 thousand determined through an income approach based on the relief from royalty method, which requires an estimate of future expected cash flows. The estimated useful life of the license agreement 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. For additional information related to the TFI Acquisition see Note 24 — Business combinations .

Right-of-use assets

Right-of-use assets	6 Months Ended
	Jun. 30, 2023
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-use assets	11. Right-of-use assets The following table provides a breakdown for right-of-use assets: (€ thousands) Land and buildings Industrial and commercial equipment Plant and machinery Other tangible assets Total Historical cost at December 31, 2022 758,923 524 168 5,793 765,408 Additions 55,996 65 — 1,118 57,179 Disposals (37,877) — — (711) (38,588) Business combinations 160,541 — — 210 160,751 Exchange differences (15,326) — — (18) (15,344) Historical cost at June 30, 2023 922,257 589 168 6,392 929,406 Accumulated amortization at December 31, 2022 (385,896) (486) (115) (3,403) (389,900) Amortization (56,372) (60) (17) (828) (57,277) Disposals 36,111 — — 666 36,777 Exchange differences 9,725 — — 16 9,741 Accumulated amortization at June 30, 2023 (396,432) (546) (132) (3,549) (400,659) Carrying amount at: December 31, 2022 373,027 38 53 2,390 375,508 June 30, 2023 525,825 43 36 2,843 528,747 The Group leases various retail stores, warehouses, equipment and vehicles. Rental contracts are typically made for fixed periods of 1 year to 15 years but may have extension options. Contracts may contain both lease and non-lease components. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Extension options in a range of 1 year to 10 years are included in a number of property leases across the Group. These are used to maximize operational flexibility in terms of managing the assets used in the Group’s operations. Such extension options are exercisable only by the Group and not by the respective lessor. Other tangible assets mainly refer to vehicles. For the six months ended June 30, 2023 no impairments were recognized. An impairment of €2,764 thousand was recognized for the six months ended June 30, 2022, and primarily related to stores in Hong Kong that are part of the Zegna segment, due to the ongoing developments in the area that could affect future cash flow generation.

Investments accounted for using

Investments accounted for using the equity method	6 Months Ended
	Jun. 30, 2023
Disclosure of associates [abstract]
Investments accounted for using the equity method	12. Investments accounted for using the equity method The Group’s carrying value of investments accounted for using the equity method were as follows: (€ thousands) Total investments at equity method At December 31, 2022 22,648 Additions 13,073 Net income/(loss) (2,237) Translation differences 764 Business combinations (21,505) At June 30, 2023 12,743 Additions for the six months ended June 30, 2023 included (i) €6,728 thousand for the acquisition of a 25% minority stake interest in Canadian technical trail running shoe company Norda which was completed on March 31, 2023, (ii) €4,500 thousand for the capital increase in Filati Biagioli Modesto S.p.A., and (iii) €1,845 thousand for the conversion of financial receivables from TFI into a capital contribution. As a result of the TFI Acquisition, the Group obtained 100% of TFI, as well as 100% of Pelletteria Tizeta, which was previously 50% owned by the Zegna Group and 50% owned by TFI. The Group measured the fair value as of the date of the acquisition of the previously equity interests held, which were recognized as part of the consideration transferred according to IFRS 3 — Business Combinations, and, following completion of the TFI Acquisition on April 28, 2023, TFI and Pelletteria Tizeta (which was previously owned 50% by Zegna and 50% by TFI) are consolidated by the Group. The cumulative translation losses related to the investment held in TFI, amounting to €4,705 thousand, were reclassified from other comprehensive income to profit and loss at the acquisition date as foreign exchange losses. For additional information relating to the TFI Acquisition see Note 24 — Business combinations.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Disclosure of Measuring inventories [Abstract]
Inventories	13. Inventories The following table provides a breakdown for inventories (net of the provision for slow moving and obsolete inventories): (€ thousands) At June 30, 2023 At December 31, 2022 Raw materials, ancillary materials and consumables 77,141 61,822 Work-in-progress and semi-finished products 76,348 63,019 Finished goods 391,687 286,010 Total inventories 545,176 410,851 The amount of provisions for slow moving and obsolete inventories recognized (primarily within cost of raw materials, consumables and finished goods) for the six months ended June 30, 2023 and 2022 was €19,292 thousand and €17,624 thousand, respectively.

Derivative financial instrument

Derivative financial instruments	6 Months Ended
	Jun. 30, 2023
Derivative Financial Instruments [Abstract]
Derivative financial instruments	14. Derivative financial instruments The Group enters into certain derivative contracts in the course of its risk management activities, primarily to hedge the interest rate risk on its bank debt and the currency risk on sales made in currencies other than the Euro. The Company only enters into these contracts for hedging purposes as the Group’s financial management policy does not permit trading in financial instruments for speculative purposes. Derivative financial instruments meeting the hedge requirements of IFRS 9 are accounted for using hedge accounting. Changes in the fair value of derivative financial instruments not qualifying for hedge accounting are recognized in profit or loss in the relevant reporting period. The interest rate and currency derivatives used by the Company are over the counter (OTC) instruments, meaning those negotiated bilaterally with market counterparties, and the determination of their current value is based on valuation techniques that use input parameters (such as interest rate curves, foreign exchange rates, etc.) observable on the market (level 2 of the fair value hierarchy defined in IFRS 13 — Fair Value Measurement ). Derivatives are measured at fair value each reporting date by taking as a reference the applicable foreign currency exchange rates or the interest rates and yield curves observable at commonly quoted intervals. At the reporting date, the Group had outstanding hedges as detailed in the tables below: At June 30, 2023 At December 31, 2022 (€ thousands) Notional amount Positive fair value Negative fair value Notional amount Positive fair value Negative fair value Foreign currency exchange risk Forward contracts 549,499 9,679 (2,186) 481,110 13,075 (2,362) Interest rate risk Interest rate swaps 234,626 8,306 — 320,000 9,379 — Total derivatives – Hedging 784,125 17,985 (2,186) 801,110 22,454 (2,362) Total derivatives instruments - Asset/(Liabilities) 784,125 17,985 (2,186) 801,110 22,454 (2,362)

Other current financial assets

Other current financial assets	6 Months Ended
	Jun. 30, 2023
Disclosure Of Other current Financial Assets [Abstract]
Other current financial assets	15. Other current financial assets The following table provides a breakdown for other current financial assets (see Note 20 — Fair value measurement for a breakdown of other current financial assets by fair value level): (€ thousands) At June 30, 2023 At December 31, 2022 Securities 105,752 316,595 Financial receivables 2,200 2,224 Guarantee deposits 1,966 2,075 Total other current financial assets 109,918 320,894 The following table provides a breakdown for securities: (€ thousands) At December 31, 2022 Investments Disposals Fair value adjustments Realized gains/(losses) Exchange rate gains/(losses) At June 30, 2023 FVPL Insurance contracts 114,975 — (87,906) 491 (35) — 27,525 Private equity 18,311 2,130 (507) 271 — (197) 20,008 Real estate funds 12,129 1,889 — (159) — (111) 13,748 Private debt 13,644 — (4,164) (28) 33 — 9,485 Hedge funds 46,761 2,004 (40,653) 51 264 (67) 8,360 Money market funds 2,587 — (505) (5) 60 (103) 2,034 Equity 14,592 — (14,999) (43) 703 7 260 Fixed income 64,017 — (65,018) — 1,001 — — Commodities 2,727 — (2,601) — (126) — — Total FVPL 289,743 6,023 (216,353) 578 1,900 (471) 81,420 FVOCI Floating income 17,742 — (1,005) (37) — — 16,700 Fixed income 9,110 — (1,996) 71 447 — 7,632 Total FVOCI 26,852 — (3,001) 34 447 — 24,332 Total securities 316,595 6,023 (219,354) 612 2,347 (471) 105,752 In line with the Group’s funding strategy, during the six months ended June 30, 2023 the Group disposed of securities (primarily insurance contracts, fixed income and hedge funds) for total consideration of €219,354 thousand and recognized a gain on disposal of €2,626 thousand.

Shareholder' equity

Shareholder' equity	6 Months Ended
	Jun. 30, 2023
Disclosure of reserves within equity [abstract]
Shareholder' equity	16. Shareholder’ equity Share capital At June 30, 2023 the fully paid up share capital of the Company was €6,054 thousand, consisting of 302,704,726 ordinary shares (€5,939 thousand, consisting of 296,943,659 ordinary shares at December 31, 2022), all with a nominal value of €0.02. Each ordinary share confers the right to cast one vote. Holders of ordinary shares become entitled to special voting shares upon registering their ordinary shares in the loyalty register (thereby blocking such shares from trading on the NYSE) and maintaining them registered in such register for an interrupted period of time as prescribed by the articles of association of Zegna. Ordinary shares carry the right to receive dividends and each ordinary share carries the right to repayment of capital in the event of dissolution and liquidation, with the remaining equity after all debts are satisfied for the benefit of the holders of ordinary shares in proportion to the aggregate nominal value of their ordinary shares. Ordinary shares carry preemptive rights in proportion to the aggregate number of ordinary shares held upon the issuance of new ordinary shares or the granting of rights to subscribe for ordinary shares, subject to certain exceptions. Share premium At June 30, 2023, the share premium amounted to €785,804 thousand (€721,187 thousand at December 31, 2022) and includes (i) €710,264 thousand (net of transaction costs of €17,239 thousand) as a result of shares issued as part of the business combination between Zegna and Investindustrial Acquisition Corp. (IIAC), which was completed on December 17, 2021 (the “ Business Combination ” - for additional information relating to the Business Combination, see Note 1—General information “Business combination and other transactions in 2021” to the Annual Consolidated Financial Statements), (ii) €64,617 thousand as a result of shares issued for the Warrant Redemption (See Note 18 — Other current and non-current financial liabilities for additional information), and (iii) €10,923 thousand relating to the reimbursement to Zegna by Monterubello of a special gift to all employees of the Group. Legal reserves Legal reserves include the following: • a translation reserve for the translation differences arising from the consolidation of subsidiaries with a functional currency different from the Euro; • a cash flow hedge reserve for the changes in the fair value of derivative financial instruments held by the Group designated as a hedge of the exposure to variability in currency exchange rate and interest rate risk; • gains and losses on the remeasurement of defined benefit plans for actuarial gains and losses arising during the period which are offset against the related net defined benefit liabilities; • the financial assets at FVOCI reserve which arises from changes in the fair value of debt instruments held by the company under a hold to collect and sell business model, which will be reversed when the investment is derecognized or impaired; • other legal reserves required for Dutch purposes for earnings of subsidiaries and associates that are subject to restrictions on distributions to the Company and to capitalized development costs recognized by subsidiaries of the Group. Reserve for treasury shares At June 30, 2023, the reserve for treasury shares amounted to €436,622 thousand (€451,174 thousand at December 31, 2022) and 52,394,463 ordinary shares were held in treasury (54,140,913 ordinary shares at December 31, 2022). Other reserves Other reserves are detailed as follows: (€ thousands) At June 30, 2023 At December 31, 2022 Share-based payments reserve 82,764 88,557 Non-controlling interests options reserve (183,525) (183,525) Other (69,623) (74,764) Other reserves (170,384) (169,732) The non-controlling interests options reserve includes a reduction of equity attributable to shareholders of the Company resulting from the initial recognition of the financial liabilities at fair value (which are subsequently remeasured at the end of each period through the statement of profit and loss) relating to the put option held by Gruppo Dondi S.p.A. non-controlling interest shareholders for €21,459 thousand originally recognized in 2019, as well as on the put option held by Thom Browne Group non-controlling interest shareholders for €162,066 thousand originally recognized in 2018 and subsequently partially reclassified to retained earnings in 2021 as a result of the exercise of the first tranche of the option. Retained earnings Retained earnings include the Group’s accumulated earnings, less dividends paid to equity holders and other changes. Among other changes, retained earnings also include the first-time IFRS adoption reserve, reflecting the combined effects of the equity adjustments, net of tax effects, arising from the transition to IFRS from previous local GAAP, which occurred on January 1, 2018. At the Annual General Meeting of the Shareholders held on June 27, 2023, the shareholders approved a dividend distribution of €0.10 per ordinary share, corresponding to a total dividend of €25 million. The dividend distribution was paid on July 28, 2023 and was made from the retained earnings reserve.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about borrowings [abstract]
Borrowings	17. Borrowings The following table provides a breakdown for non-current and current borrowings: (€ thousands) Committed loans Other financial loans Total borrowings At December 31, 2022 470,627 428 471,055 Business combinations 21,258 8,632 29,890 Repayments (167,902) (5,505) (173,407) Proceeds 50,000 15,000 65,000 Other 3,286 — 3,286 At June 30, 2023 377,269 18,555 395,824 of which: Non-current 112,710 37 112,747 Current 264,559 18,518 283,077 The Group enters into interest rate swaps to hedge the risk of fluctuations in interest rates on its borrowings that bear floating rates of interest. The use of interest rate swaps is exclusively to hedge interest rate risks associated with monetary flows and not for speculative purposes. The following table summarizes the Group’s financial liabilities at June 30, 2023, into relevant maturity groupings based on their contractual maturities: (€ thousands) Within 1 Year 2 years 3 years Beyond Total contractual cash flows Carrying amount at June 30, 2023 Derivative financial instruments 2,186 — — — 2,186 2,186 Trade payables and customer advances 296,965 — — — 296,965 296,965 Borrowings 285,732 74,151 28,166 11,741 399,790 395,824 Lease liabilities 139,556 117,022 93,430 306,346 656,354 585,313 Other current and non-current financial liabilities 23,373 — — 151,712 175,085 175,085 Total 747,812 191,173 121,596 469,799 1,530,380 1,455,373

Other current and non-current f

Other current and non-current financial liabilities	6 Months Ended
	Jun. 30, 2023
Disclosure of financial liabilities [abstract]
Other current and non-current financial liabilities	18. Other current and non-current financial liabilities The following table provides a breakdown for other non-current financial liabilities. (€ thousands) At June 30, 2023 At December 31, 2022 Written put options on non-controlling interests 151,320 178,766 of which Thom Browne option 131,451 155,551 of which Dondi option 19,869 23,215 Other 392 27 Other non-current financial liabilities 151,712 178,793 Written put options on non-controlling interests 23,373 — of which Thom Browne option 23,373 — Warrant liabilities — 37,258 Other current financial liabilities 23,373 37,258 Total 175,085 216,051 Written put options on non-controlling interests Thom Browne The Group is party to an option agreement which provides Mr. Thom Browne a put option giving him the right to sell to the Group his remaining 10% interest in the Thom Browne Group not owned by the Group, in two tranches. The exercise price of the option is established as the EBITDA of the Thom Browne Group recorded in 2028 and 2030, multiplied by a given multiple (“TB Exercise Formula”). The financial liability arising from the obligation of the Group to purchase the non-controlling interest in the Thom Browne Group is measured at the present value of the expected exercise amount, calculated through the TB Exercise Formula as per projections contained in the latest business plan, which cover the period from 2023 to 2025. The remeasurement of the liability at each reporting date is recognized through profit or loss based on the latest available information. The liability related to this written put option at June 30, 2023 amounted to €154,824 thousand, of which €23,373 thousand was classified as current and €131,451 thousand was classified as non-current (€155,551 thousand at December 31, 2022). Dondi The Group is party to an option agreement which provides the Dondi family with a put option giving them the right to sell to the Group the Dondi family’s remaining 35% interest in Dondi not owned by the Group, in two tranches in 2029 and 2034. The exercise price of the option is established as the EBITDA of Dondi at the exercise date, less its net indebtedness, multiplied by a given multiple less a given discount (“Dondi Exercise Formula”). The financial liability arising from the obligation is measured at the present value of the expected exercise amount, calculated through the Dondi Exercise Formula as per projections contained in the approved Business Plan. The remeasurement of the liability at each reporting date is recognized through profit or loss based on the latest available information. The liability related to this written put option at June 30, 2023 amounted to €19,869 thousand and was classified as non-current (€23,215 thousand at December 31, 2022). Warrant liabilities On February 28, 2023, Zegna completed the previously announced redemption of its outstanding public and private placement warrants to purchase ordinary shares of the Company that remained outstanding at 5:00 p.m. New York City time on February 27, 2023 (the “Redemption Date”), following which (i) 408,667 warrants were exercised by the warrant holders at an exercise price of $11.50 per ordinary share and Zegna received total cash proceeds of $4.7 million in exchange for 408,667 newly issued ordinary shares, and (ii) 19,322,846 warrants were exercised by the warrant holders on a cashless basis in exchange for 0.277 ordinary shares of the Company per warrant, with the Company issuing an aggregate of 5,761,067 newly issued ordinary shares. As a result of these transactions, approximately 98% of the outstanding warrants were exercised, of which approximately 2% were exercised for cash and approximately 96% were exercised on a cashless basis. The remaining 385,123 warrants remained unexercised on the Redemption Date and were redeemed by the Company for cash at a redemption price of $0.10 per warrant in accordance with the terms of the related warrant agreements, for a total of $38.5 thousand. Following the above transactions, there are no remaining public or private placement warrants outstanding.

Lease liabilities

Lease liabilities	6 Months Ended
	Jun. 30, 2023
Lease liabilities [abstract]
Lease liabilities	19. Lease liabilities The following table provides a breakdown for lease liabilities. (€ thousands) Lease liabilities At December 31, 2022 443,507 Interest expense 6,654 Repayment of lease liabilities (including interest expense) (65,769) Business combinations 160,751 Additions due to new leases and store renewals 57,175 Decrease of lease liabilities due to store closures (9,148) Translation differences (7,857) At June 30, 2023 585,313 of which: Non-current 463,552 Current 121,761 In certain countries, leases for stores entail the payment of both minimum amounts and variable amounts, especially for stores with lease payments indexed to revenue. As required by IFRS 16, only the minimum fixed lease payments are capitalized. For information relating to contractual maturities of the lease liabilities, see Note 17 — Borrowings .

Fair value measurement

Fair value measurement	6 Months Ended
	Jun. 30, 2023
Disclosure of financial assets [abstract]
Fair value measurement	20. Fair value measurement The reported amount of derivative instruments, whether assets or liabilities, reflects their fair value at the reporting date. The carrying amount of cash and cash equivalents, financial assets and trade receivables, as adjusted for impairment where necessary as required by IFRS 9, approximates their estimated realizable value and their fair value. Lease liabilities are reported at present value, while all of the other financial liabilities recorded at amortized cost approximate fair value. Categories of financial assets and liabilities according to IFRS 7 The following tables provide a breakdown for financial assets by category at June 30, 2023: At June 30, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 17,985 — 17,985 14 — 17,985 — Cash and cash equivalents — — 255,040 255,040 — 255,040 — Trade receivables — — 217,208 217,208 — 217,208 — Other non-current financial assets 4,021 — 33,593 37,614 — 34,238 3,376 Other current financial assets (*) 81,420 24,332 4,166 109,918 15 24,592 6,474 78,852 Financial assets 85,441 42,317 510,007 637,765 24,592 530,945 82,228 (*) The following table provides an additional breakdown for other current financial assets at June 30, 2023: At June 30, 2023 Other current financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts 27,525 — — 27,525 — — 27,525 Private equity 20,008 — — 20,008 — — 20,008 Money market funds 2,034 16,700 — 18,734 16,700 2,034 — Real estate funds 13,748 — — 13,748 — — 13,748 Private debt 9,485 — — 9,485 — 274 9,211 Hedge funds 8,360 — 8,360 — — 8,360 Fixed income — 7,632 — 7,632 7,632 — — Financial receivables — — 2,200 2,200 — 2,200 — Guarantee deposits — — 1,966 1,966 — 1,966 — Equity 260 — — 260 260 — — Commodities — — — — — — — Total other current financial assets 81,420 24,332 4,166 109,918 24,592 6,474 78,852 The following table presents the changes in level 3 items for financial assets for the six months ended June 30, 2023: (€ thousands) Fair value At December 31, 2022 215,727 Investments 6,023 Disposals (139,706) Fair value adjustments 608 Realized gains (49) Exchange rate gains (375) At June 30, 2023 82,228 The fair value of Level 2 items is mainly estimated on the basis of data provided by pricing services (non-active markets) and the fair value of Level 3 items is estimated on the basis of the last available net asset value (NAV). The following tables provide a breakdown for financial assets by category at December 31, 2022: At December 31, 2022 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 22,454 — 22,454 14 — 22,454 — Cash and cash equivalents — — 254,321 254,321 — 254,321 — Trade receivables — — 177,213 177,213 — 177,213 — Other non-current financial assets 3,958 — 32,282 36,240 — 32,861 3,379 Other current financial assets (*) 289,743 26,852 4,299 320,894 15 30,076 78,470 212,348 Financial assets 293,701 49,306 468,115 811,122 30,076 565,319 215,727 (*) The following table provides an additional breakdown for other current financial assets at December 31, 2022: At December 31, 2022 Other current financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts 114,975 — — 114,975 — — 114,975 Private equity 18,311 — — 18,311 — — 18,311 Money market funds 2,587 17,742 — 20,329 17,742 2,587 — Real estate funds 12,129 — — 12,129 — — 12,129 Private debt 13,644 — — 13,644 — 259 13,385 Hedge funds 46,761 — — 46,761 — 10,116 36,645 Fixed income 64,017 9,110 — 73,127 9,110 47,114 16,903 Financial receivables — — 2,224 2,224 — 2,224 — Guarantee deposits — — 2,075 2,075 — 2,075 — Equity 14,592 — — 14,592 497 14,095 — Commodities 2,727 — — 2,727 2,727 — — Total other current financial assets 289,743 26,852 4,299 320,894 30,076 78,470 212,348 The fair value of Level 2 items is mainly estimated on the basis of data provided by pricing services (non-active markets) and the fair value of Level 3 items is estimated on the basis of the last available net asset value (NAV). The following tables provide a breakdown for financial liabilities by category at June 30, 2023: At June 30, 2023 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 2,186 — 2,186 14 — 2,186 — Non-current borrowings — — 112,747 112,747 17 — 112,747 — Current borrowings — — 283,077 283,077 17 — 283,077 — Other non-current financial liabilities 151,320 — 392 151,712 18 — 151,712 — Other current financial liabilities 23,373 — — 23,373 18 — 23,373 — Trade payables and customer advances — — 296,965 296,965 — 296,964 — Lease liabilities – Current/Non-current — — 585,313 585,313 19 — — 585,313 Financial liabilities 174,693 2,186 1,278,494 1,455,373 — 870,059 585,313 The following tables provide a breakdown for financial liabilities by category at December 31, 2022: At December 31, 2022 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 2,362 — 2,362 14 — 2,362 — Non-current borrowings — — 184,880 184,880 17 — 184,880 — Current borrowings — — 286,175 286,175 17 — 286,175 — Other non-current financial liabilities 178,766 — 27 178,793 18 — 178,766 27 Other current financial liabilities 37,258 — — 37,258 18 — 37,258 — Trade payables and customer advances — — 270,936 270,936 — 270,936 — Lease liabilities – Current / Non-current — — 443,507 443,507 19 — — 443,507 Financial liabilities 216,024 2,362 1,185,525 1,403,911 — 960,377 443,534

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2023
Disclosure of transactions between related parties [abstract]
Related party transactions	21. Related party transactions Pursuant to IAS 24 — Related Party Disclosures (“IAS 24”), the related parties of the Group are all entities and individuals, including their close family members, capable of exercising control, joint control or significant influence over the Group and its subsidiaries, including the Group’s controlling shareholder, Monterubello, as well as other companies owned by Monterubello and its shareholders. Related parties also include Zegna’s associates and joint arrangements, members of the Board of Directors and executives with strategic responsibilities, as well as their families and entities controlled by them. The Group carries out transactions with related parties on commercial terms that are normal in the respective markets, considering the characteristics of the goods or services involved. Transactions carried out by the Group with these related parties are of commercial and financial nature and are mainly relate to: Transactions with associates • Transactions with TFI and its subsidiaries (the “TFI Group”), prior to the completion of the TFI Acquisition, related to: ◦ a licensing agreement for the production and worldwide distribution of luxury men’s ready to wear and made to measure clothing, footwear and accessories under the TOM FORD brand (which ended with the deliveries of the Fall/Winter 2022 collection), as well as a supply agreement to act as exclusive supplier for certain TOM FORD menswear products starting with the Spring/Summer 2023 collection (for which the supply commenced in 2022); ◦ financial loans to TFI that were settled during the period; and ◦ a financial guarantee provided by the Group to TFI (which at the time was an associate of the Zegna Group) for an amount of $7,500 thousand in relation to its payment obligations under a bank loan issued to TFI. The financial guarantee was subsequently reduced to $6,875 thousand in 2022 and closed in 2023 as part of the transactions contemplated by the TFI acquisition. No amounts were claimed under the guarantee. • The purchase of raw materials, in particular carded yarns from Filati Biagioli Modesto. • The purchase of finished products from Norda Run Inc. Transactions with Monterubello and companies controlled by Monterubello or its shareholders, Zegna directors or senior management • The purchase of raw materials, in particular of wool, from Gruppo Schneider S.p.A and its subsidiaries (the “Schneider Group”). • The purchase of industrial services, in particular of fabrics’ finishing, from Finissaggio e Tintoria Ferraris S.p.A. • The purchase of industrial services from Pettinatura di Verrone S.r.l. • Transactions with PKB Bank AG relating to an interest-bearing loan amounting to €5,000 thousand which was fully repaid in the first half of 2022. • Following the disposition in November 2021 of certain businesses that were previously part of the Group, the payment of rent to EZ Real Estate or its subsidiaries under lease agreements for the use of properties. • Licensing, marketing and other sustainability-related services from Oasi Zegna. • Support to the activities of Fondazione Zegna, a charitable organization which provides an opportunity for charitable work on the part of the Zegna family and Group employees. Fondazione Zegna supports and funds projects in cooperation with non-profit organizations operating in various fields and different parts of the world. • Put contracts entered into as part of the Group’s investments in Thom Browne whereby the Group has been required to, and may in the future be required to, purchase all or a portion of the remaining non-controlling interests in Thom Browne. For additional information relating to the Thom Browne put contract see Note 18 — Other current and non-current financial liabilities . Transactions with other related parties connected to directors and shareholders • Transactions with UBS Group AG and its subsidiaries (together referred to as the “UBS Group AG”) for borrowings, revolving credit lines and financial assets the Group holds (mainly cash and cash equivalents and other securities), as well as derivative contracts in the course of the Group’s risk management activities. UBS Group AG also provides certain financial guarantees to third parties on behalf of the Group. Following Mr. Sergio Ermotti's appointment as Group Chief Executive Officer of UBS Group AG effective April 5, 2023, UBS Group AG and its subsidiaries qualify as related parties of the Group. The following tables summarize transactions and balances with related parties: For the six months ended June 30, 2023 For the six months ended June 30, 2022 (€ thousands) Revenues Cost of sales Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of sales Selling, general and administrative expenses Financial income/(expenses) Associates TFI Group (1)(2) 3,212 288 740 — (7) — 16,743 — 4,009 36 Filati Biagioli Modesto S.p.A. — 3,581 20 — 45 — 7 1,590 — — Norda Run Inc. — 841 120 — (2) — — — — — Pelletteria Tizeta S.r.l. (1) — — — — — — — (3) — — Total associates 3,212 4,710 880 — 36 — 16,750 1,587 4,009 36 Companies controlled by Monterubello or its shareholders, Zegna directors or senior management EZ Real Estate (3) 1 1,379 2,065 1,024 (181) — 6 1,308 2,637 (248) Schneider Group 17 6,732 11 — — — — 2,703 — — Alan Real Estate S.A. (3) — 874 649 — (26) — — 823 424 — Agnona S.r.l. 14 15 87 49 (1) — 35 — 250 — 61 West 23rd Street LLC (3) — — — — — — — — (15) — Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management (4) 37 2,790 11 8 1 — 4 455 — 300 Other related parties connected to directors and shareholders UBS Group AG — — 103 — (262) 1,915 — — — — Other — — 1,524 — — — — — 1,033 — Total transactions with related parties 3,281 16,500 5,330 1,081 (433) 1,915 16,795 6,876 8,338 88 Total for Zegna Group 903,059 323,228 415,792 47,530 (28,991) (7,003) 728,993 280,182 332,854 (26,064) ________________________________________ (1) Following the TFI Acquisition completed on April 28, 2023, TFI Group and Pelletteria Tizeta S.r.l. are controlled by the Group and are no longer related parties. (2) Costs with TFI Group include royalties amounting to €181 thousand for the six months ended June 30, 2023 (€2,074 thousand for the six months ended June 30, 2022). (3) Entities disposed of as part of the disposition in November 2021 of certain businesses that were previously part of the Group. (4) Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A., PKB Privatbank AG and Pettinatura di Verrone S.r.l. At June 30, 2023 At December 31, 2022 (€ thousands) Non-current assets Current assets Non-current liabilities Current liabilities Non-current assets Current assets Non-current liabilities Current liabilities Associates TFI Group (1) — 5 — — — 11,808 — 366 Filati Biagioli Modesto S.p.A. 2,200 120 — 2,851 — 2,200 — 2,830 Norda Run Inc. — — — 2 — — — — Pelletteria Tizeta S.r.l. (1) — — — — — 1 — — Total associates 2,200 125 — 2,853 — 14,009 — 3,196 Monterubello and Companies controlled by Monterubello or its shareholders, Zegna directors or senior management Monterubello — — — — — — — — Agnona S.r.l. — 21 — 17 — 32 — 67 Schneider Group — 7 — 2,458 — 4 — 4,102 EZ Real Estate (2) 41,799 40 36,092 8,120 41,671 69 35,776 6,476 61 West 23rd Street LLC (2) — 24 — — — 24 — — Alan Real Estate S.A. (2) 9,409 — 6,866 2,866 9,875 — 7,565 2,471 Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management (3) — 269 — 1,512 — 240 — 2,204 Other related parties connected to directors and shareholders UBS Group AG — 45,352 20,000 70,087 — — — — Other — — — 350 — — — 384 Total transactions with related parties 53,408 45,838 62,958 88,263 51,546 14,378 43,341 18,900 Total for Zegna Group 1,410,771 1,262,741 836,673 1,021,920 1,141,070 1,285,657 827,422 866,984 ________________________________________ (1) Following the TFI Acquisition completed on April 28, 2023, TFI Group and Pelletteria Tizeta S.r.l. are controlled by the Group and are no longer related parties. (2) Entities disposed of as part of the disposition in November 2021 of certain businesses that were previously part of the Group. (3) Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A., PKB Privatbank AG, Achill Station Pty Ltd., and Pettinatura di Verrone S.r.l.

Share-based payments

Share-based payments	6 Months Ended
	Jun. 30, 2023
Share-based payment arrangements [Abstract]
Share-based payments	22. Share-based payments The Group has several equity incentive arrangements under which share-based compensation has been awarded to the Chief Executive Officer (“CEO”), other members of Zegna senior management and certain other employees of the Group. The equity incentives primarily consist of performance share units (“PSUs”) and retention restricted share units (“RSUs”), which each represent the right to receive one Zegna Ordinary Share. For the six months ended June 30, 2023 and 2022, the Company recognized €6,536 thousand and €6,683 thousand, respectively, as share-based compensation expense and an increase to other reserves within equity in relation to the Group’s equity incentive plans. On March 14, 2023, the release conditions relating to 70% of the Escrow Shares, representing 3,521,875 Ordinary Shares of the Company and for which the share-based payment cost was previously recognized in 2021 as part of the Business Combination, were satisfied and the shares were released from escrow and delivered to the recipients during the period. For additional information see Note 1—General information “Business combination and other transactions in 2021” to the Annual Consolidated Financial Statements. On April 5, 2023, the Board of Directors determined the level of achievement of the performance conditions applicable to the awards under the CEO 2022-2024 LTIP in relation to the 2022 performance period. As a result of such determination, 588,000 Ordinary Shares vested and were delivered to the Chairman and CEO during the period. On April 5, 2023, the Board of Directors verified the achievement of the vesting conditions applicable to the first tranche of awards under the IPO Performance Bonus plan conditioned upon the completion of the public listing of the Company’s shares by December 31, 2021 and the attainment of predefined targets relating to the Company’s share price. The Board of Directors determined that the conditions were satisfied and as a result, 690,000 Ordinary Shares vested and the same number of Ordinary Shares held in treasury were delivered, respectively, to the CEO (240,000 Ordinary Shares) and to certain members of management and other employees (450,000 Ordinary Shares), in the second quarter of 2023. In June 2023, the CEO exercised his right to convert all of part of his cash compensation in shares of the Company, to be converted at a rate based on a multiplier of EBIT. As a result of such conversion, 468,450 Ordinary Shares previously held in treasury were delivered to the CEO for an aggregate purchase price of €3,654 thousand. In accordance with Zegna’s remuneration policy, Zegna Non-Executive Directors are entitled to receive an annual base fee of €150 thousand paid 50% in cash and 50% in Ordinary Shares of the Company, subject to a restricted stock-award. As a result, subject to continuous office through 2023 and otherwise on a prorated basis, each Non-Executive Director will be entitled to receive 7,640 Ordinary Shares of the Company in 2025.

Notes to the semi-annual conden

Notes to the semi-annual condensed consolidated cash flow statement	6 Months Ended
	Jun. 30, 2023
Notes to Consolidated Cash Flow Statement [Abstract]
Notes to the semi-annual condensed consolidated cash flow statement	23. Notes to the semi-annual condensed consolidated cash flow statement Operating activities For the six months ended June 30, 2023 and 2022, other non-cash expenses/(income), net in the semi-annual condensed consolidated cash flow statement primarily include non-cash share-based compensation and bonuses earned by certain members of Zegna’s senior management.

Business combinations

Business combinations	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]
Business combinations	24. Business combinations Acquisition of Tom Ford International (TFI) On April 28, 2023, Zegna completed the TFI Acquisition, through which it acquired TFI, the company that owns and operates the Tom Ford Fashion business, as part of a transaction in which sole ownership of the Tom Ford brand, its trademarks, and other intellectual property rights were acquired by ELC and the Group has become a long-term licensee for all Tom Ford men’s and women’s fashion as well as accessories and underwear, fine jewelry, childrenswear, textile, and home design products. The Group will be in charge of the end-to-end Tom Ford Fashion business, from collection creation and development to production and merchandising, as well as retail and wholesale distribution. Tom Ford Fashion, under Zegna Group, operates a network of 51 directly operated Tom Ford stores globally at June 30, 2023. Before the completion of the TFI Acquisition, the Zegna Group already owned 15% of TFI, through its fully owned subsidiary EZ US Holding Inc., and, through the TFI Acquisition acquired the remaining 85% equity interest. The transaction implied a value for the acquired 85% stake of TFI at $150 million in cash, on a cash-free and debt-free basis and assuming a normalized working capital. The final purchase price is subject to customary final confirmation of purchase price adjustments related primarily to indebtedness, trade working capital and transaction expenses, as stipulated in the related agreements. No contingent consideration arrangements were agreed as part of the transaction. In connection with the TFI Acquisition, the Group entered into a long-term license agreement through TFI with ELC under which the Group will be licensee for all Tom Ford men’s and women’s fashion as well as accessories and underwear, fine jewelry, childrenswear, textile, and home design products (as further described below). As a result of the TFI Acquisition, the Group also obtained 100% of Pelletteria Tizeta, for which it previously held a 50% interest and accounted for the investment using the equity method, with the remaining 50% interest owned by TFI and being acquired by the Group through the TFI Acquisition. See Note 12 — Investments accounted for using the equity method for additional information. A financial guarantee provided to TFI in relation to its payment obligations under a bank loan for an amount of $6,875 thousand was closed as part of the transactions contemplated by the TFI acquisition. No amounts were claimed under the guarantee. The Group has accounted for the TFI Acquisition using the acquisition method of accounting in accordance with IFRS 3 — Business Combinations (“IFRS 3”), which applies the fair value concepts defined in IFRS 13 — Fair Value Measurement (“IFRS 13”) and requires the Group to recognize the assets acquired and the liabilities assumed at their fair values as of the acquisition date of April 28, 2023 (with certain exceptions). Following the TFI Acquisition, the earnings of the Group reflect the impacts of purchase accounting adjustments, including changes in amortization and depreciation expense for acquired assets. The preliminary fair value estimates reflected below are preliminary in nature and the final valuations will be completed and the fair values assigned to the assets acquired and liabilities assumed will be finalized during the one year measurement period provided for by IFRS 3. Differences between the preliminary purchase accounting presented herein and the final purchase accounting may occur and these differences could have a material impact on the Group’s financial information, including differences in fair value estimates of assets and liabilities, depreciation and amortization, and other expenses. Acquisition-related costs amounted to €4,681 thousand and were expensed in the semi-annual consolidated statement of profit and loss. Preliminary details of the purchase consideration, previously equity interest held and the net assets acquired are presented below. (€ thousands) At acquisition date Consideration paid for 85% of TFI 91,259 Fair value of the previously equity interests held 21,505 Settlement of pre-existing intercompany balances 5,949 Total 118,713 (€ thousands) Preliminary fair value at Cash and cash equivalents 109,667 Inventories 85,659 Right-of-use assets 160,751 Intangible assets and property, plant and equipment 114,629 Other current and non-current assets 45,378 Other current and non-current liabilities (170,307) Current and non-current lease liabilities (160,751) Current and non-current borrowings (29,890) Trade payables and customer advances (28,174) Employee benefits (3,259) Deferred tax liabilities (4,990) Net identifiable assets acquired 118,713 Intangible assets and property, plant and equipment include the preliminary fair value of the license agreement under which the Group has become a long-term licensee for all Tom Ford men’s and women’s fashion as well as accessories and underwear, fine jewelry, childrenswear, textile, and home design products, amounting to €90,856 thousand and determined through an income approach based on the relief from royalty method, which requires an estimate of future expected cash flows. The estimated useful life of the license agreement 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. Details of the net cash outflows related to the acquisition are presented below. (€ thousands) At acquisition date Consideration paid for 85% of TFI (91,259) Cash and cash equivalents acquired 109,667 Payment of TFI acquisition-related liabilities (126,983) Net cash outflow - Investing activities (108,575) TFI contributed revenues of €64,015 thousand and a loss of €1,317 thousand to the Group from the acquisition date until June 30, 2023 (including additional costs as a result of the purchase price accounting). If the acquisition had occurred on January 1, 2023, the semi-annual consolidated statement of profit and loss for the period ended June 30, 2023 would have included additional revenues of €97 million and an additional loss of €17 million (including transaction costs incurred by TFI prior to the closing of the TFI Acquisition). Total assets and total revenues of TFI represent approximately 17% and approximately 7%, respectively, of the related consolidated financial statement amounts at and for the six months ended June 30, 2023. As part of the license agreement, the Zegna Group has become a long-term licensee of ELC for all Tom Ford men’s and women’s fashion as well as accessories and underwear, fine jewelry, childrenswear, textile, and home design products, by virtue of a long-term licensing and collaboration agreement with ELC for 20 years with an automatic renewal for a further 10 years subject to certain minimum performance conditions. As part of the license agreement, the Zegna Group is required to pay minimum annual guaranteed royalties for the first 10 years of the license agreement, which at June 30, 2023 were as follows (undiscounted): At June 30, 2023 (€ millions)* Due within 1 year 16.8 Due in 1 to 5 years 72.2 Due in 5 to 10 years 92.7 Total 181.7 (*) Translated from U.S. Dollars to Euro at the June 30, 2023 end of day exchange rate. For the remaining term of the license the minimum annual guaranteed royalties to be paid by the Zegna Group will be calculated based on a percentage of the net sales of the preceding annual period. The license agreement also requires the Zegna Group to make minimum investments for marketing activities as a percentage of net sales of the licensed products as per customary market practices.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	25. Subsequent events The Group has evaluated subsequent events through September 12, 2023 which is the date the Semi-Annual Condensed Consolidated Financial Statements were authorized for issuance, and identified the following events, all of which are non-adjusting as defined in IAS 10 — Events after the reporting period : As of July 1, Thom Browne began directly operating its Korean business and its network of 17 stores. The business is now wholly owned through Thom Browne Korea, a newly formed and wholly owned company, and will be operated in the region with external support from Samsung, previously its franchise partner. In July 2023, a financial receivable amounting to €2.2 million relating to a loan granted to Filati Biagioli Modesto S.p.A., an associate company of the Group, was converted to equity as a capital contribution. On August 29, 2023, the release conditions relating to remaining 30% of the Escrow Shares, representing 1,509,375 ordinary shares of the Company, were satisfied. On September 5, 2023, Zegna and Prada Group completed the previously announced acquisition of a 30% interest in Luigi Fedeli e Figlio S.r.l., the world-renowned maker of fine Italian knitwear and yarns, with each group acquiring 15% of the company. Zegna paid consideration of €4.7 million for 15% of the company.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2023
Summary Of Accounting Policies [Abstract]
New standards and amendments	New standards and amendments effective from January 1, 2023 In May 2017 the IASB issued IFRS 17 — Insurance Contracts , which establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts issued as well as guidance relating to reinsurance contracts held and investment contracts with discretionary participation features issued. In June 2020 the IASB issued amendments to IFRS 17 aimed at helping companies implement IFRS 17 and make it easier for companies to explain their financial performance. The new standard and amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In February 2021 the IASB issued amendments to IAS 1 — Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting Policies which require companies to disclose their material accounting policy information rather than their significant accounting policies and provide guidance on how to apply the concept of materiality to accounting policy disclosures. These amendments are effective for annual periods beginning on or after January 1, 2023. The group will include the required disclosures in the annual financial statements. In February 2021 the IASB issued amendments to IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates which clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. These amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In May 2021 the IASB issued amendments to IAS 12 — Income Taxes: Deferred Tax related to Assets and Liabilities Arising From a Single Transaction that clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations. These amendments are effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In December 2021 the IASB issued an amendments to IFRS 17 — Insurance Contracts: Initial Application of IFRS 17 and IFRS 9 - Comparative Information , which provides a transition option relating to comparative information about financial assets presented on initial application of IFRS 17. The amendment is aimed at helping entities to avoid temporary accounting mismatches between financial assets and insurance contract liabilities, and therefore improve the usefulness of comparative information for users of financial statements. The amendment is effective on or after January 1, 2023. There was no effect from the adoption of these amendments. In June 2020 the IASB issued amendments to IFRS 4 — Insurance Contracts which defer the expiry date of the temporary exemption from applying IFRS 9 to annual periods beginning on or after January 1, 2023. There was no effect from the adoption of these amendments. In May 2023, the IASB issued amendments to IAS 12 — Income taxes: International Tax Reform – Pillar Two Model Rules, to clarify the application of IAS 12 — Income taxes
Scope of consolidation	Scope of consolidation The following changes in the scope of consolidation of the Group occurred during the six months ended June 30, 2023: In March 2023, the Group completed the acquisition of a 25% minority stake interest in Canadian technical trail running shoe company Norda Run Inc. (“Norda”) for consideration of $7.1 million, with the option to gradually increase its stake over the next nine years. Management has determined that it has significant influence over Norda as a result of its 25% minority equity interest and the Group accounts for its investment in Norda using the equity method. EZ CA Holding Corporation, a limited liability company based in Canada and fully owned by Ermenegildo Zegna N.V. was incorporated in March 2023, primarily to manage the acquisition of Norda. The Group held a 100% interest in the company at June 30, 2023. In March 2023, Zegna Denmark ApS, a limited liability company based in Denmark and fully owned by Ermenegildo Zegna N.V. was incorporated, primarily to manage the operating activities in Denmark. The Group held a 100% interest in the company at June 30, 2023. In April 2023, the Group completed the acquisition of Tom Ford International (“TFI”) (the “TFI Acquisition”), through which it acquired the company that owns and operates the Tom Ford Fashion business, as part of a transaction in which sole ownership of the Tom Ford brand, its trademarks, and other intellectual property rights have been acquired by The Estée Lauder Companies Inc. (“ELC”). Before the completion of the TFI Acquisition, the Zegna Group already owned 15% of TFI, through its fully owned subsidiary EZ US Holding Inc., and, through the TFI Acquisition it acquired the remaining 85% equity interest. As a result of the TFI Acquisition, the Group also obtained 100% of Pelletteria Tizeta, for which it previously held a 50% interest and accounted for the investment using the equity method, with the remaining 50% interest owned by TFI and being acquired by the Group through the TFI Acquisition. For additional information relating to the TFI Acquisition and the acquisition method of accounting for the transaction, see Note 24 — Business combinations . In the first six months of 2023, the interest held in Consorzio Re.Crea was reduced from 16.7% at December 31, 2022 to 15.5% due to the entrance of new consortium members in the company. In March 2023, Thom Browne Korea Ltd., a limited liability company fully owned by Thom Browne Trading SA, was incorporated, primarily to manage the retail business in South Korea, following the acquisition, completed on July 1, 2023, of a network of 17 Thom Browne retail stores previously managed by Samsung C&T Corporation (“Samsung”) under franchising arrangements. Samsung will continue to support the Group through an innovative retail management agreement. The Group held a 90% interest in the company at June 30, 2023. On April 6, 2023 and April 20, 2023, respectively, Investindustrial Acquisition Corp. and Ismaco Amsterdam B.V. were liquidated.

Basis of preparation (Tables)

Basis of preparation (Tables)	6 Months Ended
	Jun. 30, 2023
Basis of Preparation [Abstract]
Schedule of Exchange Rates of Main Foreign Currencies	The table below shows the exchange rates compared to the Euro of the main foreign currencies used by the Group. Average for the six months ended June 30, 2023 At June 30, 2023 At December 31, 2022 Average for the six months ended June 30, 2022 At June 30, 2022 U.S. Dollar 1.081 1.087 1.067 1.093 1.039 Swiss Franc 0.986 0.979 0.985 1.032 0.996 Chinese Renminbi 7.489 7.898 7.358 7.081 6.962 Pound Sterling 0.876 0.858 0.887 0.842 0.858 Hong Kong Dollar 8.471 8.516 8.316 8.556 8.149 Singapore Dollar 1.444 1.473 1.430 1.492 1.448 United Arab Emirates Dirham 3.969 3.991 3.917 4.015 3.815 Japanese Yen 145.760 157.160 140.660 134.323 141.540

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of operating segments [abstract]
Summary of Selected Financial Information by Segment	The following tables summarize selected financial information by segment for the six months ended June 30, 2023 and 2022. For the six months ended June 30, 2023 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany eliminations Group Consolidated Revenues with third parties 632,093 206,951 64,015 — 903,059 Inter-segment revenues 19,662 1,008 12 — (20,682) — Revenues 651,755 207,959 64,027 — (20,682) 903,059 Depreciation and amortization (67,489) (12,953) (6,521) (20) — (86,983) Adjusted EBIT 100,498 31,521 3,676 (15,626) (165) 119,904 Transaction costs related to acquisitions (1) (4,975) Costs related to the Business Combination (2) (1,059) Severance indemnities and provisions for severance expenses (3) (738) Legal costs for trademark disputes (4) (649) Special donations for social responsibility (5) (100) Net income related to lease agreements (6) 4,126 Financial income 15,601 Financial expenses (44,592) Foreign exchange losses (7,003) Result from investments accounted for using the equity method (2,237) Profit before taxes 78,278 ________________________________________ (1) Relates to transaction costs of €4,975 thousand for consultancy and legal fees related to the TFI Acquisition and the acquisition of a 25% in Norda. This amount relates to Corporate. (2) Costs related to the Business Combination of €1,059 thousand relate to the grant of equity awards to management in 2021 with vesting subject to the public listing of the Company’s shares and certain other performance and/or service conditions. This amount relates to the Zegna segment for €548 thousand, to the Thom Browne segment for €46 thousand and to Corporate for €465 thousand. (3) Relates to severance indemnities of €738 thousand. This amount relates to the Zegna segment for €486 thousand and to the Tom Ford Fashion segment for €252 thousand. (4) Relates to legal costs of €649 thousand in connection with a legal dispute between adidas and Thom Browne, primarily in relation to the use of trademarks. This amount relates to the Thom Browne segment. (5) Relates to a donation of €100 thousand to support initiatives related to humanitarian emergencies in Turkey. This amount relates to Corporate. (6) Net income related to lease agreements of €4,126 thousand relates to the derecognition of lease liabilities following a change in terms of a lease agreement in Hong Kong. This amount relates to the Zegna segment. For the six months ended June 30, 2022 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany eliminations Group Consolidated Revenues with third parties 543,827 185,166 — — — 728,993 Inter-segment revenues 9,139 603 — — (9,742) — Revenues 552,966 185,769 — — (9,742) 728,993 Depreciation and amortization (73,755) (10,709) — — — (84,464) Adjusted EBIT 67,997 31,562 — (16,881) — 82,678 Net impairment of leased and owned stores (1) (3,309) Costs related to the Business Combination (2) (1,090) Special donations for social responsibility (3) (1,000) Severance indemnities and provisions for severance expenses (4) (912) Net income related to lease agreements (5) 5,000 Financial income 15,901 Financial expenses (41,965) Foreign exchange losses (9,893) Result from investments accounted for using the equity method 2,661 Profit before taxes 48,071 ________________________________________ (1) Includes net impairment of leased and owned stores, of which €2,764 thousand relates to right-of-use assets, €530 thousand relates to property, plant and equipment and €15 thousand relates to intangible assets. This amount relates to the Zegna segment. (2) Includes €1,090 thousand, relating to the grant of equity awards to management in 2021 with vesting subject to the public listing of the Company’s shares and certain other performance and/or service conditions. This amount relates to the Zegna segment for €578 thousand , to the Thom Browne segment for €47 thousand and to Corporate for €465 thousand. For additional information see Note 22 — Share-based payments . (3) Relates to a donation of €1,000 thousand to support initiatives related to humanitarian emergencies in Ukraine. This amount relates to Corporate. (4) Relates to severance indemnities of €912 thousand. This amount relates to the Zegna segment. (5) Relates to proceeds of €5,000 thousand received from a new tenant in order for Zegna to withdraw from an existing lease agreement of a commercial property. This amount relates to the Zegna segment.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Summary of Breakdown of Revenues by Product Line	The following table provides a breakdown of revenues by product line: For the six months ended June 30, (€ thousands) 2023 2022 Zegna branded products (1) 541,319 425,252 Thom Browne 206,951 185,166 Tom Ford Fashion 64,015 — Textile 73,072 68,968 Third Party Brands 15,477 47,341 Other (2) 2,225 2,266 Total revenues 903,059 728,993 ________________________________________ (1) Zegna branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties. (2) Other mainly includes certain sales of products from previous seasons’ collections.
Summary of Breakdown of Revenues by Sales Channel	The following table provides a breakdown of revenues by sales channel: For the six months ended June 30, (€ thousands) 2023 2022 Direct to Consumer (DTC) Zegna branded products 465,710 361,850 Thom Browne 82,924 66,174 Tom Ford Fashion 34,751 — Total Direct to Consumer (DTC) 583,385 428,024 Wholesale Zegna branded products 75,609 63,402 Thom Browne 124,027 118,992 Tom Ford Fashion 29,264 — Third Party Brands and Textile 88,549 116,309 Total Wholesale 317,449 298,703 Other (1) 2,225 2,266 Total revenues 903,059 728,993 ________________________________________ (1) Other mainly includes certain sales of products from previous seasons’ collections.
Summary of Breakdown of Revenues by Geographic Area	The following table provides a breakdown of revenues by geographic area: For the six months ended June 30, (€ thousands) 2023 2022 EMEA (1) 322,680 260,627 of which Italy 151,464 125,996 of which UK 28,823 23,544 of which UAE 31,906 21,745 North America (2) 174,376 135,275 of which United States 156,747 124,291 Latin America (3) 15,736 12,525 APAC (4) 389,025 318,825 of which Greater China Region 306,835 247,193 of which Japan 39,597 30,240 Other (5) 1,242 1,741 Total revenues 903,059 728,993 ________________________________________ (1) EMEA includes Europe, the Middle East and Africa. (2) North America includes the United States of America and Canada. (3) Latin America includes Mexico, Brazil and other Central and South American countries. (4) APAC includes the Greater China Region, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. (5) Other mainly includes royalties.

Financial income, financial e_2

Financial income, financial expenses and exchange losses (Tables)	6 Months Ended
	Jun. 30, 2023
Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses Abstract [Abstract]
Summary of Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses	The following table provides a breakdown for financial income, financial expenses and exchange losses: For the six months ended June 30, (€ thousands) 2023 2022 Financial income Options - Changes in fair value 3,347 60 Warrants - Changes in fair value — 8,417 Securities 5,517 6,290 Hedging operations 1,596 302 Interest on financial other assets 1,095 527 Interest on financial receivables/loans 106 197 Derivative financial instruments 3,180 95 Other financial income 760 13 Total financial income 15,601 15,901 Financial expenses Options - Changes in fair value (2,137) (15,705) Warrants - Changes in fair value (22,909) — Hedging operations (3,179) (5,626) Interest and financial charges for lease liabilities (6,654) (4,947) Securities (2,488) (12,996) Interest on bank loans and overdrafts (6,299) (20) Interest expenses on interest rate swaps (207) (936) Derivative financial instruments — — Other financial expenses (719) (1,735) Total financial expenses (44,592) (41,965) Foreign exchange losses (7,003) (9,893)

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Major components of tax expense (income) [abstract]
Summary of Breakdown For Income Taxes	The following table provides a breakdown for income taxes: For the six months ended June 30, (€ thousands) 2023 2022 Current taxes (39,679) (35,051) Deferred taxes 13,517 8,001 Income taxes (26,162) (27,050)

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings per share [abstract]
Summary of Amounts Used to Calculate Basic and Diluted Earnings Per Share	The following table summarizes the amounts used to calculate basic and diluted earnings per share: For the six months ended June 30, (€ thousands) 2023 2022 Profit attributable to shareholders of the Parent Company 45,967 14,038 Weighted average number of shares for basic earnings per share 244,167,243 237,314,960 Adjustments for calculation of diluted earnings per share: CEO remuneration in shares (1) 1,041,460 1,230,826 Long-Term Incentive Awards 2022-2025 (2) 949,679 384,655 Non-executive directors remuneration in shares (3) 154,860 — Weighted average number of shares for diluted earnings per share 246,313,241 238,930,441 Basic earnings per share in € 0.19 0.06 Diluted earnings per share in € 0.19 0.06

Other information by nature (Ta

Other information by nature (Tables)	6 Months Ended
	Jun. 30, 2023
Summary Of Additional Information [Abstract]
Schedule of Breakdown of Depreciation, Amortization, and Personnel Costs	The following table provides a breakdown of depreciation and amortization and of personnel costs within the semi-annual consolidated statement of profit and loss: For the six months ended June 30, (€ thousands) 2023 2022 Depreciation and amortization Personnel costs Depreciation and amortization Personnel costs Cost of sales 7,417 65,925 7,548 58,041 Selling, general and administrative 78,738 160,309 76,321 136,716 Marketing expenses 828 4,924 595 3,777 Total 86,983 231,158 84,464 198,534

Intangible assets (Tables)

Intangible assets (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about intangible assets [abstract]
Summary of Breakdown For Intangible Assets	The following table provides a breakdown for intangible assets: (€ thousands) Goodwill Brand Concessions, licenses, trademarks and patents Other intangible assets Intangible assets in progress Total Historical cost at December 31, 2022 239,709 168,694 42,339 147,204 1,146 599,092 Additions — — 238 6,888 198 7,324 Disposals — — (420) (81) (1) (502) Business combinations — — 90,856 3,797 309 94,962 Exchange differences (3,939) (3,105) 808 (93) (30) (6,359) Other movements and reclassifications — — 1,854 (1,799) (129) (74) Historical cost at June 30, 2023 235,770 165,589 135,675 155,916 1,493 694,443 Accumulated amortization at December 31, 2022 — — (36,989) (106,195) — (143,184) Amortization — — (1,308) (6,669) — (7,977) Disposals — — 226 81 — 307 Exchange differences — — 114 146 — 260 Accumulated amortization at June 30, 2023 — — (38,966) (111,581) — (150,547) Carrying amount at: December 31, 2022 239,709 168,694 5,350 41,009 1,146 455,908 June 30, 2023 235,770 165,589 96,709 44,335 1,493 543,896

Right-of-use assets (Tables)

Right-of-use assets (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of quantitative information about right-of-use assets [abstract]
Summary of Breakdown for Right-Of-Use Assets	The following table provides a breakdown for right-of-use assets: (€ thousands) Land and buildings Industrial and commercial equipment Plant and machinery Other tangible assets Total Historical cost at December 31, 2022 758,923 524 168 5,793 765,408 Additions 55,996 65 — 1,118 57,179 Disposals (37,877) — — (711) (38,588) Business combinations 160,541 — — 210 160,751 Exchange differences (15,326) — — (18) (15,344) Historical cost at June 30, 2023 922,257 589 168 6,392 929,406 Accumulated amortization at December 31, 2022 (385,896) (486) (115) (3,403) (389,900) Amortization (56,372) (60) (17) (828) (57,277) Disposals 36,111 — — 666 36,777 Exchange differences 9,725 — — 16 9,741 Accumulated amortization at June 30, 2023 (396,432) (546) (132) (3,549) (400,659) Carrying amount at: December 31, 2022 373,027 38 53 2,390 375,508 June 30, 2023 525,825 43 36 2,843 528,747

Investments accounted for usi_2

Investments accounted for using the equity method (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of associates [abstract]
Summary of Carrying Value of Investments Accounted for Using the Equity Method	The Group’s carrying value of investments accounted for using the equity method were as follows: (€ thousands) Total investments at equity method At December 31, 2022 22,648 Additions 13,073 Net income/(loss) (2,237) Translation differences 764 Business combinations (21,505) At June 30, 2023 12,743

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of Measuring inventories [Abstract]
Summary of Breakdown of Inventories	The following table provides a breakdown for inventories (net of the provision for slow moving and obsolete inventories): (€ thousands) At June 30, 2023 At December 31, 2022 Raw materials, ancillary materials and consumables 77,141 61,822 Work-in-progress and semi-finished products 76,348 63,019 Finished goods 391,687 286,010 Total inventories 545,176 410,851

Derivative financial instrume_2

Derivative financial instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Financial Instruments [Abstract]
Summary of Outstanding Hedges	At the reporting date, the Group had outstanding hedges as detailed in the tables below: At June 30, 2023 At December 31, 2022 (€ thousands) Notional amount Positive fair value Negative fair value Notional amount Positive fair value Negative fair value Foreign currency exchange risk Forward contracts 549,499 9,679 (2,186) 481,110 13,075 (2,362) Interest rate risk Interest rate swaps 234,626 8,306 — 320,000 9,379 — Total derivatives – Hedging 784,125 17,985 (2,186) 801,110 22,454 (2,362) Total derivatives instruments - Asset/(Liabilities) 784,125 17,985 (2,186) 801,110 22,454 (2,362)

Other current financial assets

Other current financial assets (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure Of Other current Financial Assets [Abstract]
Summary of Breakdown for Other Current Financial Assets	The following table provides a breakdown for other current financial assets (see Note 20 — Fair value measurement for a breakdown of other current financial assets by fair value level): (€ thousands) At June 30, 2023 At December 31, 2022 Securities 105,752 316,595 Financial receivables 2,200 2,224 Guarantee deposits 1,966 2,075 Total other current financial assets 109,918 320,894 The following table provides a breakdown for securities: (€ thousands) At December 31, 2022 Investments Disposals Fair value adjustments Realized gains/(losses) Exchange rate gains/(losses) At June 30, 2023 FVPL Insurance contracts 114,975 — (87,906) 491 (35) — 27,525 Private equity 18,311 2,130 (507) 271 — (197) 20,008 Real estate funds 12,129 1,889 — (159) — (111) 13,748 Private debt 13,644 — (4,164) (28) 33 — 9,485 Hedge funds 46,761 2,004 (40,653) 51 264 (67) 8,360 Money market funds 2,587 — (505) (5) 60 (103) 2,034 Equity 14,592 — (14,999) (43) 703 7 260 Fixed income 64,017 — (65,018) — 1,001 — — Commodities 2,727 — (2,601) — (126) — — Total FVPL 289,743 6,023 (216,353) 578 1,900 (471) 81,420 FVOCI Floating income 17,742 — (1,005) (37) — — 16,700 Fixed income 9,110 — (1,996) 71 447 — 7,632 Total FVOCI 26,852 — (3,001) 34 447 — 24,332 Total securities 316,595 6,023 (219,354) 612 2,347 (471) 105,752

Shareholder' equity (Tables)

Shareholder' equity (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of reserves within equity [abstract]
Summary of Other Reserves Including Other Comprehensive Income	Other reserves are detailed as follows: (€ thousands) At June 30, 2023 At December 31, 2022 Share-based payments reserve 82,764 88,557 Non-controlling interests options reserve (183,525) (183,525) Other (69,623) (74,764) Other reserves (170,384) (169,732)

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about borrowings [abstract]
Summary of Non-current and Current Borrowings	The following table provides a breakdown for non-current and current borrowings: (€ thousands) Committed loans Other financial loans Total borrowings At December 31, 2022 470,627 428 471,055 Business combinations 21,258 8,632 29,890 Repayments (167,902) (5,505) (173,407) Proceeds 50,000 15,000 65,000 Other 3,286 — 3,286 At June 30, 2023 377,269 18,555 395,824 of which: Non-current 112,710 37 112,747 Current 264,559 18,518 283,077
Summary of Financial Liabilities by Maturity Grouping	The following table summarizes the Group’s financial liabilities at June 30, 2023, into relevant maturity groupings based on their contractual maturities: (€ thousands) Within 1 Year 2 years 3 years Beyond Total contractual cash flows Carrying amount at June 30, 2023 Derivative financial instruments 2,186 — — — 2,186 2,186 Trade payables and customer advances 296,965 — — — 296,965 296,965 Borrowings 285,732 74,151 28,166 11,741 399,790 395,824 Lease liabilities 139,556 117,022 93,430 306,346 656,354 585,313 Other current and non-current financial liabilities 23,373 — — 151,712 175,085 175,085 Total 747,812 191,173 121,596 469,799 1,530,380 1,455,373

Other current and non-current_2

Other current and non-current financial liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of financial liabilities [abstract]
Summary of Breakdown for Other Non-Current Financial Liabilities	The following table provides a breakdown for other non-current financial liabilities. (€ thousands) At June 30, 2023 At December 31, 2022 Written put options on non-controlling interests 151,320 178,766 of which Thom Browne option 131,451 155,551 of which Dondi option 19,869 23,215 Other 392 27 Other non-current financial liabilities 151,712 178,793 Written put options on non-controlling interests 23,373 — of which Thom Browne option 23,373 — Warrant liabilities — 37,258 Other current financial liabilities 23,373 37,258 Total 175,085 216,051

Lease liabilities (Tables)

Lease liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Lease liabilities [abstract]
Summary of Breakdown for Lease Liabilities	The following table provides a breakdown for lease liabilities. (€ thousands) Lease liabilities At December 31, 2022 443,507 Interest expense 6,654 Repayment of lease liabilities (including interest expense) (65,769) Business combinations 160,751 Additions due to new leases and store renewals 57,175 Decrease of lease liabilities due to store closures (9,148) Translation differences (7,857) At June 30, 2023 585,313 of which: Non-current 463,552 Current 121,761

Fair value measurement (Tables)

Fair value measurement (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of financial assets [abstract]
Summary of Financial Assets	The following tables provide a breakdown for financial assets by category at June 30, 2023: At June 30, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 17,985 — 17,985 14 — 17,985 — Cash and cash equivalents — — 255,040 255,040 — 255,040 — Trade receivables — — 217,208 217,208 — 217,208 — Other non-current financial assets 4,021 — 33,593 37,614 — 34,238 3,376 Other current financial assets (*) 81,420 24,332 4,166 109,918 15 24,592 6,474 78,852 Financial assets 85,441 42,317 510,007 637,765 24,592 530,945 82,228 (*) The following table provides an additional breakdown for other current financial assets at June 30, 2023: At June 30, 2023 Other current financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts 27,525 — — 27,525 — — 27,525 Private equity 20,008 — — 20,008 — — 20,008 Money market funds 2,034 16,700 — 18,734 16,700 2,034 — Real estate funds 13,748 — — 13,748 — — 13,748 Private debt 9,485 — — 9,485 — 274 9,211 Hedge funds 8,360 — 8,360 — — 8,360 Fixed income — 7,632 — 7,632 7,632 — — Financial receivables — — 2,200 2,200 — 2,200 — Guarantee deposits — — 1,966 1,966 — 1,966 — Equity 260 — — 260 260 — — Commodities — — — — — — — Total other current financial assets 81,420 24,332 4,166 109,918 24,592 6,474 78,852 The following table presents the changes in level 3 items for financial assets for the six months ended June 30, 2023: (€ thousands) Fair value At December 31, 2022 215,727 Investments 6,023 Disposals (139,706) Fair value adjustments 608 Realized gains (49) Exchange rate gains (375) At June 30, 2023 82,228 The fair value of Level 2 items is mainly estimated on the basis of data provided by pricing services (non-active markets) and the fair value of Level 3 items is estimated on the basis of the last available net asset value (NAV). The following tables provide a breakdown for financial assets by category at December 31, 2022: At December 31, 2022 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 22,454 — 22,454 14 — 22,454 — Cash and cash equivalents — — 254,321 254,321 — 254,321 — Trade receivables — — 177,213 177,213 — 177,213 — Other non-current financial assets 3,958 — 32,282 36,240 — 32,861 3,379 Other current financial assets (*) 289,743 26,852 4,299 320,894 15 30,076 78,470 212,348 Financial assets 293,701 49,306 468,115 811,122 30,076 565,319 215,727 (*) The following table provides an additional breakdown for other current financial assets at December 31, 2022: At December 31, 2022 Other current financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts 114,975 — — 114,975 — — 114,975 Private equity 18,311 — — 18,311 — — 18,311 Money market funds 2,587 17,742 — 20,329 17,742 2,587 — Real estate funds 12,129 — — 12,129 — — 12,129 Private debt 13,644 — — 13,644 — 259 13,385 Hedge funds 46,761 — — 46,761 — 10,116 36,645 Fixed income 64,017 9,110 — 73,127 9,110 47,114 16,903 Financial receivables — — 2,224 2,224 — 2,224 — Guarantee deposits — — 2,075 2,075 — 2,075 — Equity 14,592 — — 14,592 497 14,095 — Commodities 2,727 — — 2,727 2,727 — — Total other current financial assets 289,743 26,852 4,299 320,894 30,076 78,470 212,348
Summary of Financial Liabilities	The following tables provide a breakdown for financial liabilities by category at June 30, 2023: At June 30, 2023 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 2,186 — 2,186 14 — 2,186 — Non-current borrowings — — 112,747 112,747 17 — 112,747 — Current borrowings — — 283,077 283,077 17 — 283,077 — Other non-current financial liabilities 151,320 — 392 151,712 18 — 151,712 — Other current financial liabilities 23,373 — — 23,373 18 — 23,373 — Trade payables and customer advances — — 296,965 296,965 — 296,964 — Lease liabilities – Current/Non-current — — 585,313 585,313 19 — — 585,313 Financial liabilities 174,693 2,186 1,278,494 1,455,373 — 870,059 585,313 The following tables provide a breakdown for financial liabilities by category at December 31, 2022: At December 31, 2022 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 2,362 — 2,362 14 — 2,362 — Non-current borrowings — — 184,880 184,880 17 — 184,880 — Current borrowings — — 286,175 286,175 17 — 286,175 — Other non-current financial liabilities 178,766 — 27 178,793 18 — 178,766 27 Other current financial liabilities 37,258 — — 37,258 18 — 37,258 — Trade payables and customer advances — — 270,936 270,936 — 270,936 — Lease liabilities – Current / Non-current — — 443,507 443,507 19 — — 443,507 Financial liabilities 216,024 2,362 1,185,525 1,403,911 — 960,377 443,534

Related party transactions (Tab

Related party transactions (Table)	6 Months Ended
	Jun. 30, 2023
Disclosure of transactions between related parties [abstract]
Summary of Transactions with Related Parties	The following tables summarize transactions and balances with related parties: For the six months ended June 30, 2023 For the six months ended June 30, 2022 (€ thousands) Revenues Cost of sales Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of sales Selling, general and administrative expenses Financial income/(expenses) Associates TFI Group (1)(2) 3,212 288 740 — (7) — 16,743 — 4,009 36 Filati Biagioli Modesto S.p.A. — 3,581 20 — 45 — 7 1,590 — — Norda Run Inc. — 841 120 — (2) — — — — — Pelletteria Tizeta S.r.l. (1) — — — — — — — (3) — — Total associates 3,212 4,710 880 — 36 — 16,750 1,587 4,009 36 Companies controlled by Monterubello or its shareholders, Zegna directors or senior management EZ Real Estate (3) 1 1,379 2,065 1,024 (181) — 6 1,308 2,637 (248) Schneider Group 17 6,732 11 — — — — 2,703 — — Alan Real Estate S.A. (3) — 874 649 — (26) — — 823 424 — Agnona S.r.l. 14 15 87 49 (1) — 35 — 250 — 61 West 23rd Street LLC (3) — — — — — — — — (15) — Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management (4) 37 2,790 11 8 1 — 4 455 — 300 Other related parties connected to directors and shareholders UBS Group AG — — 103 — (262) 1,915 — — — — Other — — 1,524 — — — — — 1,033 — Total transactions with related parties 3,281 16,500 5,330 1,081 (433) 1,915 16,795 6,876 8,338 88 Total for Zegna Group 903,059 323,228 415,792 47,530 (28,991) (7,003) 728,993 280,182 332,854 (26,064) ________________________________________ (1) Following the TFI Acquisition completed on April 28, 2023, TFI Group and Pelletteria Tizeta S.r.l. are controlled by the Group and are no longer related parties. (2) Costs with TFI Group include royalties amounting to €181 thousand for the six months ended June 30, 2023 (€2,074 thousand for the six months ended June 30, 2022). (3) Entities disposed of as part of the disposition in November 2021 of certain businesses that were previously part of the Group. (4) Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A., PKB Privatbank AG and Pettinatura di Verrone S.r.l.
Summary of Balances with Related Parties	At June 30, 2023 At December 31, 2022 (€ thousands) Non-current assets Current assets Non-current liabilities Current liabilities Non-current assets Current assets Non-current liabilities Current liabilities Associates TFI Group (1) — 5 — — — 11,808 — 366 Filati Biagioli Modesto S.p.A. 2,200 120 — 2,851 — 2,200 — 2,830 Norda Run Inc. — — — 2 — — — — Pelletteria Tizeta S.r.l. (1) — — — — — 1 — — Total associates 2,200 125 — 2,853 — 14,009 — 3,196 Monterubello and Companies controlled by Monterubello or its shareholders, Zegna directors or senior management Monterubello — — — — — — — — Agnona S.r.l. — 21 — 17 — 32 — 67 Schneider Group — 7 — 2,458 — 4 — 4,102 EZ Real Estate (2) 41,799 40 36,092 8,120 41,671 69 35,776 6,476 61 West 23rd Street LLC (2) — 24 — — — 24 — — Alan Real Estate S.A. (2) 9,409 — 6,866 2,866 9,875 — 7,565 2,471 Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management (3) — 269 — 1,512 — 240 — 2,204 Other related parties connected to directors and shareholders UBS Group AG — 45,352 20,000 70,087 — — — — Other — — — 350 — — — 384 Total transactions with related parties 53,408 45,838 62,958 88,263 51,546 14,378 43,341 18,900 Total for Zegna Group 1,410,771 1,262,741 836,673 1,021,920 1,141,070 1,285,657 827,422 866,984 ________________________________________ (1) Following the TFI Acquisition completed on April 28, 2023, TFI Group and Pelletteria Tizeta S.r.l. are controlled by the Group and are no longer related parties. (2) Entities disposed of as part of the disposition in November 2021 of certain businesses that were previously part of the Group. (3) Includes transactions with Fondazione Zegna, Finissaggio e Tintoria Ferraris S.p.A., PKB Privatbank AG, Achill Station Pty Ltd., and Pettinatura di Verrone S.r.l.

Business combinations (Tables)

Business combinations (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]
Summary of Preliminary Details of the Purchase Consideration	Preliminary details of the purchase consideration, previously equity interest held and the net assets acquired are presented below. (€ thousands) At acquisition date Consideration paid for 85% of TFI 91,259 Fair value of the previously equity interests held 21,505 Settlement of pre-existing intercompany balances 5,949 Total 118,713
Summary of Identifiable Assets Acquired	(€ thousands) Preliminary fair value at Cash and cash equivalents 109,667 Inventories 85,659 Right-of-use assets 160,751 Intangible assets and property, plant and equipment 114,629 Other current and non-current assets 45,378 Other current and non-current liabilities (170,307) Current and non-current lease liabilities (160,751) Current and non-current borrowings (29,890) Trade payables and customer advances (28,174) Employee benefits (3,259) Deferred tax liabilities (4,990) Net identifiable assets acquired 118,713
Summary of Net Cash Outflows Related To The Acquisition	Details of the net cash outflows related to the acquisition are presented below. (€ thousands) At acquisition date Consideration paid for 85% of TFI (91,259) Cash and cash equivalents acquired 109,667 Payment of TFI acquisition-related liabilities (126,983) Net cash outflow - Investing activities (108,575)
Schedule of Minimum Annual Guaranteed Royalties	As part of the license agreement, the Zegna Group is required to pay minimum annual guaranteed royalties for the first 10 years of the license agreement, which at June 30, 2023 were as follows (undiscounted): At June 30, 2023 (€ millions)* Due within 1 year 16.8 Due in 1 to 5 years 72.2 Due in 5 to 10 years 92.7 Total 181.7 (*) Translated from U.S. Dollars to Euro at the June 30, 2023 end of day exchange rate.

Basis of preparation (Details)

Basis of preparation (Details)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
U.S. Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	1.081	1.093
Closing foreign exchange rate	1.087	1.039	1.067
Swiss Franc
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	0.986	1.032
Closing foreign exchange rate	0.979	0.996	0.985
Chinese Renminbi
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	7.489	7.081
Closing foreign exchange rate	7.898	6.962	7.358
Pound Sterling
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	0.876	0.842
Closing foreign exchange rate	0.858	0.858	0.887
Hong Kong Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	8.471	8.556
Closing foreign exchange rate	8.516	8.149	8.316
Singapore Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	1.444	1.492
Closing foreign exchange rate	1.473	1.448	1.430
United Arab Emirates Dirham
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	3.969	4.015
Closing foreign exchange rate	3.991	3.815	3.917
Japanese Yen
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Average foreign exchange rate	145.760	134.323
Closing foreign exchange rate	157.160	141.540	140.660

Summary of significant accoun_3

Summary of significant accounting policies - Scope of consolidation (Detail) € in Thousands, $ in Millions						6 Months Ended	12 Months Ended
	Jun. 30, 2023	Apr. 30, 2023	Apr. 28, 2023 EUR (€)	Apr. 27, 2023	Mar. 31, 2023 USD ($) store	Jun. 30, 2023	Dec. 31, 2022
Tom Ford International LLC
Disclosure of information about consolidated structured entities [line items]
Cash consideration | €			€ 118,713
Percentage of voting interests acquired		85%	85%
EZ CA Holding Corporation
Disclosure of information about consolidated structured entities [line items]
Group's percentage interest	100%
Zegna Group Zegna Denmark ApS
Disclosure of information about consolidated structured entities [line items]
Group's percentage interest	100%
Pelletteria Tizeta S.r.l.
Disclosure of information about consolidated structured entities [line items]
Group's percentage interest		100%	100%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of information about consolidated structured entities [line items]
Group's percentage interest					50%
Thom Browne Korea Ltd.
Disclosure of information about consolidated structured entities [line items]
Group's percentage interest	90%
Number of retail stores | store					17
Norda Run Inc.
Disclosure of information about consolidated structured entities [line items]
Proportion of ownership interest in associate					25%
Cash consideration | $					$ 7.1
Acquisition period					9 years
Tom Ford International LLC
Disclosure of information about consolidated structured entities [line items]
Proportion of ownership interest in associate				15%	15%
Pelletteria Tizeta S.r.l.
Disclosure of information about consolidated structured entities [line items]
Proportion of ownership interest in associate				50%	50%
Group's percentage interest				50%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of information about consolidated structured entities [line items]
Proportion of ownership interest in associate				50%
Consorzio Re. Crea
Disclosure of information about consolidated structured entities [line items]
Proportion of ownership interests held by non-controlling interests						15.50%	16.70%

Segment reporting - Summary of

Segment reporting - Summary of Selected Financial Information by Segment (Detail)		6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023 EUR (€) segment	Jun. 30, 2022 EUR (€)		Apr. 27, 2023 segment
Disclosure of operating segments [line items]
Number of operating segments | segment		3			2
Number of reportable segments | segment		3			2
Total revenues		€ 903,059,000	€ 728,993,000
Depreciation and amortization		(86,983,000)	(84,464,000)
Adjusted EBIT		119,904,000	82,678,000
Impairment of leased and owned stores			(3,309,000)
Transaction costs related to acquisitions		(4,975,000)
Costs related to the Business Combination		(1,059,000)	(1,090,000)
Severance indemnities and provision for severance expenses		(738,000)	(912,000)
Legal costs for trademark disputes		(649,000)
Special donation to the UNHCR		(100,000)	(1,000,000)
Net income related to lease agreements		4,126,000	5,000,000
Financial income		15,601,000	15,901,000	[1]
Financial expenses		(44,592,000)	(41,965,000)	[1]
Foreign exchange losses		(7,003,000)	(9,893,000)	[1]
Result from investments accounted for using the equity method		(2,237,000)	2,661,000	[1]
Profit before taxes		78,278,000	48,071,000	[1]
Impairment loss		0
Norda Run Inc.
Disclosure of operating segments [line items]
Proportion of ownership interest in associate	25%
Right-of-use assets
Disclosure of operating segments [line items]
Impairment loss			2,764,000
Property, plant and equipment
Disclosure of operating segments [line items]
Impairment loss			530,000
Intangible assets
Disclosure of operating segments [line items]
Impairment loss			15,000
From Third Parties
Disclosure of operating segments [line items]
Total revenues		903,059,000	728,993,000
Depreciation and amortization		(86,983,000)	(84,464,000)
Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues			0
Depreciation and amortization		0	0
Adjusted EBIT		(165,000)	0
Zegna
Disclosure of operating segments [line items]
Costs related to the Business Combination		(548,000)	(578,000)
Severance indemnities and provision for severance expenses		(486,000)
Thom Browne
Disclosure of operating segments [line items]
Costs related to the Business Combination		(46,000)	(47,000)
Tom Ford Fashion
Disclosure of operating segments [line items]
Severance indemnities and provision for severance expenses		(252,000)
Corporate
Disclosure of operating segments [line items]
Costs related to the Business Combination		(465,000)	(465,000)
Operating segments
Disclosure of operating segments [line items]
Total revenues		903,059,000	728,993,000
Operating segments | Zegna
Disclosure of operating segments [line items]
Total revenues		651,755,000	552,966,000
Adjusted EBIT		100,498,000	67,997,000
Operating segments | Zegna | From Third Parties
Disclosure of operating segments [line items]
Total revenues		632,093,000	543,827,000
Depreciation and amortization		(67,489,000)	(73,755,000)
Operating segments | Zegna | Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues		19,662,000	9,139,000
Operating segments | Thom Browne
Disclosure of operating segments [line items]
Total revenues		207,959,000	185,769,000
Adjusted EBIT		31,521,000	31,562,000
Operating segments | Thom Browne | From Third Parties
Disclosure of operating segments [line items]
Total revenues		206,951,000	185,166,000
Depreciation and amortization		(12,953,000)	(10,709,000)
Operating segments | Thom Browne | Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues		1,008,000	603,000
Operating segments | Tom Ford Fashion
Disclosure of operating segments [line items]
Total revenues		64,027,000	0
Adjusted EBIT		3,676,000	0
Operating segments | Tom Ford Fashion | From Third Parties
Disclosure of operating segments [line items]
Total revenues		64,015,000	0
Depreciation and amortization		(6,521,000)	0
Operating segments | Tom Ford Fashion | Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues		12,000	0
Operating segments | Corporate
Disclosure of operating segments [line items]
Total revenues		0	0
Adjusted EBIT		(15,626,000)	(16,881,000)
Operating segments | Corporate | From Third Parties
Disclosure of operating segments [line items]
Total revenues		0	0
Depreciation and amortization		(20,000)	0
Operating segments | Corporate | Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues		0	0
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Total revenues		(20,682,000)	(9,742,000)
Elimination of intersegment amounts | Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues		€ (20,682,000)	€ (9,742,000)
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Revenues - Summary of Breakdown

Revenues - Summary of Breakdown of Revenues by Product Line (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 903,059	€ 728,993
Zegna branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	541,319	425,252
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	206,951	185,166
Tom Ford Fashion
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	64,015	0
Textile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	73,072	68,968
Third Party Brands
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	15,477	47,341
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 2,225	€ 2,266

Revenues - Summary of Breakdo_2

Revenues - Summary of Breakdown of Revenues by Sales Channel (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 903,059	€ 728,993
Total Direct to Consumer (DTC)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	583,385	428,024
Zegna branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	465,710	361,850
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	82,924	66,174
Tom Ford Fashion
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	34,751	0
Total Wholesale
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	317,449	298,703
Zegna branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	75,609	63,402
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	124,027	118,992
Tom Ford Fashion
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	29,264	0
Third Party Brands and Textile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	88,549	116,309
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 2,225	€ 2,266

Revenues - Summary of Breakdo_3

Revenues - Summary of Breakdown of Revenues by Geographical Area (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 903,059	€ 728,993
EMEA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	322,680	260,627
EMEA | Italy
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	151,464	125,996
EMEA | UK
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	28,823	23,544
EMEA | UAE
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	31,906	21,745
EMEA | Netherlands
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	7,503	4,234
North America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	174,376	135,275
North America | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	156,747	124,291
Latin America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	15,736	12,525
APAC
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	389,025	318,825
APAC | Greater China Region
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	306,835	247,193
APAC | Japan
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	39,597	30,240
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 1,242	€ 1,741

Financial income, financial e_3

Financial income, financial expenses and exchange losses - Summary of Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Financial income
Securities	€ 5,517	€ 6,290
Hedging operations	1,596	302
Interest on financial other assets	1,095	527
Interest on financial receivables/loans	106	197
Derivative financial instruments	3,180	95
Other financial income	760	13
Total financial income	15,601	15,901	[1]
Financial expenses
Options - Changes in fair value	(2,137)	(15,705)
Warrants - Changes in fair value	(22,909)	0
Hedging operations	(3,179)	(5,626)
Interest and financial charges for lease liabilities	(6,654)	(4,947)
Securities	(2,488)	(12,996)
Interest on bank loans and overdrafts	(6,299)	(20)
Interest expenses on interest rate swaps	(207)	(936)
Derivative financial instruments	0	0
Other financial expenses	(719)	(1,735)
Total financial expenses	(44,592)	(41,965)	[1]
Foreign exchange losses	(7,003)	(9,893)	[1]
Tom Ford International LLC
Financial expenses
Foreign exchange losses	(4,705)
Options
Financial income
Changes in fair value	3,347	60
Warrants
Financial income
Changes in fair value	€ 0	€ 8,417
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Financial income, financial e_4

Financial income, financial expenses and exchange losses - Additional Information (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses Abstract [Abstract]
Loss on remeasurement of warrant liability	€ 22,909	€ 0
Foreign exchange loss	€ 7,003	€ 9,893	[1]
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Income taxes - Summary of Break

Income taxes - Summary of Breakdown For Income Taxes (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Major components of tax expense (income) [abstract]
Current taxes	€ (39,679)	€ (35,051)
Deferred taxes	13,517	8,001
Income taxes	€ (26,162)	€ (27,050)	[1]
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statements [Line Items]
Tax expense	€ 26,162	€ 27,050	[1]
Italian corporate income tax expense (IRES)	23,993	24,849
Italian regional income tax expense (IRAP)	€ 2,169	€ 2,201
Average effective tax rate	33.40%	56.30%
Parent Company
Statements [Line Items]
Applicable IRAP rate	5.57%	5.57%
Other Italian Entities
Statements [Line Items]
Applicable IRAP rate	3.90%	3.90%
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Earnings Per Share - Summary of

Earnings Per Share - Summary of Amounts Used to Calculate Basic and Diluted Earnings Per Share (Detail) - EUR (€) € / shares in Units, € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings per share [line items]
Profit attributable to shareholders of the Parent Company	€ 45,967	€ 14,038	[1]
Weighted average number of shares for basic earnings per share (in shares)	244,167,243	237,314,960
Weighted average number of shares for diluted earnings per share (in shares)	246,313,241	238,930,441
Basic earnings per share (in EUR per share)	€ 190	€ 60	[1]
Diluted earnings per share (in EUR per share)	€ 190	€ 60	[1]
CEO Remuneration
Earnings per share [line items]
Dilutive effect of share options on weighted average number of ordinary shares (in shares)	1,041,460	1,230,826
Long Term Incentive Awards
Earnings per share [line items]
Dilutive effect of share options on weighted average number of ordinary shares (in shares)	949,679	384,655
Non-Executive Directors Remuneration
Earnings per share [line items]
Dilutive effect of share options on weighted average number of ordinary shares (in shares)	154,860	0
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Earnings per share [abstract]
Non-executive remuneration received in equity, as a percent	50%	50%

Other information by nature (De

Other information by nature (Details) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€) employee	Jun. 30, 2022 EUR (€)	Dec. 31, 2022 employee
Other information [Line Items]
Depreciation and amortization	€ 86,983	€ 84,464
Personnel costs	€ 231,158	198,534
Number of employees | employee	7,165		6,256
Tom Ford International LLC
Other information [Line Items]
Number of employees | employee	577
Pelletteria Tizeta S.r.l.
Other information [Line Items]
Number of employees | employee	46
Cost of sales
Other information [Line Items]
Depreciation and amortization	€ 7,417	7,548
Personnel costs	65,925	58,041
Selling, general and administrative
Other information [Line Items]
Depreciation and amortization	78,738	76,321
Personnel costs	160,309	136,716
Marketing expenses
Other information [Line Items]
Depreciation and amortization	828	595
Personnel costs	€ 4,924	€ 3,777

Intangible assets - Summary of

Intangible assets - Summary of Breakdown For Intangible Assets (Detail) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure of detailed information about intangible assets [line items]
Beginning balance	€ 455,908
Ending balance	543,896
Goodwill
Disclosure of detailed information about intangible assets [line items]
Beginning balance	239,709
Ending balance	235,770
Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Beginning balance	168,694
Ending balance	165,589
Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	5,350
Ending balance	96,709
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	41,009
Ending balance	44,335
Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	1,146
Ending balance	1,493
Gross carrying amount
Disclosure of detailed information about intangible assets [line items]
Beginning balance	599,092
Additions	7,324
Disposals	(502)
Business combinations	94,962
Exchange differences	(6,359)
Other movements and reclassifications	(74)
Ending balance	694,443
Gross carrying amount | Goodwill
Disclosure of detailed information about intangible assets [line items]
Beginning balance	239,709
Additions	0
Disposals	0
Business combinations	0
Exchange differences	(3,939)
Other movements and reclassifications	0
Ending balance	235,770
Gross carrying amount | Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Beginning balance	168,694
Additions	0
Disposals	0
Business combinations	0
Exchange differences	(3,105)
Other movements and reclassifications	0
Ending balance	165,589
Gross carrying amount | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	42,339
Additions	238
Disposals	(420)
Business combinations	90,856
Exchange differences	808
Other movements and reclassifications	1,854
Ending balance	135,675
Gross carrying amount | Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	147,204
Additions	6,888
Disposals	(81)
Business combinations	3,797
Exchange differences	(93)
Other movements and reclassifications	(1,799)
Ending balance	155,916
Gross carrying amount | Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	1,146
Additions	198
Disposals	(1)
Business combinations	309
Exchange differences	(30)
Other movements and reclassifications	(129)
Ending balance	1,493
Accumulated amortization
Disclosure of detailed information about intangible assets [line items]
Beginning balance	(143,184)
Amortization	(7,977)
Disposals	307
Exchange differences	260
Ending balance	(150,547)
Accumulated amortization | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	(36,989)
Amortization	(1,308)
Disposals	226
Exchange differences	114
Ending balance	(38,966)
Accumulated amortization | Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	(106,195)
Amortization	(6,669)
Disposals	81
Exchange differences	146
Ending balance	(111,581)
Accumulated amortization | Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	0
Amortization	0
Disposals	0
Exchange differences	0
Ending balance	€ 0

Intangible assets - Additional

Intangible assets - Additional Information (Detail) - EUR (€) € in Thousands		6 Months Ended
	Apr. 28, 2023	Jun. 30, 2023
Gross carrying amount
Disclosure of detailed information about intangible assets [line items]
License agreement		€ 94,962
Gross carrying amount | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
License agreement		€ 90,856
Tom Ford International LLC | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Right-of-use license agreement, useful life	30 years
Right-of-use guaranteed years	20 years
Right-of-use automatic renewal term	10 years

Right-of-use assets - Summary o

Right-of-use assets - Summary of Breakdown for Right-Of-Use Assets (Detail) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	€ 375,508
Balance at end of period	528,747
Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	765,408
Additions	57,179
Disposals	(38,588)
Business combinations	160,751
Exchange differences	(15,344)
Balance at end of period	929,406
Accumulated depreciation, amortisation and impairment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(389,900)
Amortization	(57,277)
Disposals	(36,777)
Exchange differences	9,741
Balance at end of period	(400,659)
Land and buildings
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	373,027
Balance at end of period	525,825
Land and buildings | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	758,923
Additions	55,996
Disposals	(37,877)
Business combinations	160,541
Exchange differences	(15,326)
Balance at end of period	922,257
Land and buildings | Accumulated depreciation, amortisation and impairment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(385,896)
Amortization	(56,372)
Disposals	(36,111)
Exchange differences	9,725
Balance at end of period	(396,432)
Industrial and commercial equipment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	38
Balance at end of period	43
Industrial and commercial equipment | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	524
Additions	65
Disposals	0
Business combinations	0
Exchange differences	0
Balance at end of period	589
Industrial and commercial equipment | Accumulated depreciation, amortisation and impairment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(486)
Amortization	(60)
Disposals	0
Exchange differences	0
Balance at end of period	(546)
Plant and machinery
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	53
Balance at end of period	36
Plant and machinery | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	168
Additions	0
Disposals	0
Business combinations	0
Exchange differences	0
Balance at end of period	168
Plant and machinery | Accumulated depreciation, amortisation and impairment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(115)
Amortization	(17)
Disposals	0
Exchange differences	0
Balance at end of period	(132)
Other tangible assets
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	2,390
Balance at end of period	2,843
Other tangible assets | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	5,793
Additions	1,118
Disposals	(711)
Business combinations	210
Exchange differences	(18)
Balance at end of period	6,392
Other tangible assets | Accumulated depreciation, amortisation and impairment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(3,403)
Amortization	(828)
Disposals	(666)
Exchange differences	16
Balance at end of period	€ (3,549)

Right-of-use assets - Additiona

Right-of-use assets - Additional Information (Detail) - EUR (€)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Impairment loss	€ 0
Hong Kong | Leased stores | Zegna Segment
Disclosure of quantitative information about right-of-use assets [line items]
Impairment loss		€ 2,764,000
Bottom of range
Disclosure of quantitative information about right-of-use assets [line items]
Rental contracts term	1 year
Extension options term	1 year
Top of range
Disclosure of quantitative information about right-of-use assets [line items]
Rental contracts term	15 years
Extension options term	10 years

Investments accounted for usi_3

Investments accounted for using the equity method - Summary of Carrying Value of Investments Accounted for Using the Equity Method (Detail) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure of associates [abstract]
At beginning of period	€ 22,648
Additions	13,073
Net income/(loss)	(2,237)
Translation differences	764
Business combinations	(21,505)
At end of period	€ 12,743

Investments accounted for usi_4

Investments accounted for using the equity method - Additional Information (Detail) - EUR (€) € in Thousands					6 Months Ended
	Apr. 30, 2023	Apr. 28, 2023	Apr. 27, 2023	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	[1]
Disclosure of associates [line items]
Additions					€ 13,073
Foreign exchange loss					7,003	€ 9,893
Tom Ford International LLC
Disclosure of associates [line items]
Group's percentage interest		100%
Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Group's percentage interest	100%	100%
Tom Ford International LLC | Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Group's percentage interest				50%
Tom Ford International LLC
Disclosure of associates [line items]
Additions					1,845
Foreign exchange loss					4,705
Norda Run Inc.
Disclosure of associates [line items]
Additions					6,728
Proportion of ownership interest in associate				25%
Filati Biagioli Modesto S.p.A.
Disclosure of associates [line items]
Additions					€ 4,500
Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate			50%	50%
Group's percentage interest			50%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of associates [line items]
Proportion of ownership interest in associate			50%
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Inventories - Summary of Breakd

Inventories - Summary of Breakdown of Inventories (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of Measuring inventories [Abstract]
Raw materials, ancillary materials and consumables	€ 77,141	€ 61,822
Work-in-progress and semi-finished products	76,348	63,019
Finished goods	391,687	286,010
Total inventories	€ 545,176	€ 410,851

Inventories - Additional Inform

Inventories - Additional Information (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of Measuring inventories [Abstract]
Inventory write-downs	€ 19,292	€ 17,624

Derivative financial instrume_3

Derivative financial instruments (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Positive fair value	€ 17,985	€ 22,454
Negative fair value	2,186	2,362
Total derivatives – Hedging
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Notional amount	784,125	801,110
Total derivatives – Hedging | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Notional amount	784,125	801,110
Forward contracts | Financial Instruments Held For Hedging | Foreign currency exchange risk
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Notional amount	549,499	481,110
Interest rate swaps | Financial Instruments Held For Hedging | Interest rate risk
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Notional amount	234,626	320,000
At fair value
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Positive fair value held for hedging	17,985	22,454
Positive fair value	17,985	22,454
Negative fair value held for hedging	(2,186)	(2,362)
Negative fair value	(2,186)	(2,362)
At fair value | Forward contracts | Foreign currency exchange risk
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Positive fair value held for hedging	9,679	13,075
Negative fair value held for hedging	(2,186)	(2,362)
At fair value | Interest rate swaps | Interest rate risk
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Positive fair value held for hedging	8,306	9,379
Negative fair value held for hedging	€ 0	€ 0

Other current financial asset_2

Other current financial assets - Summary of Breakdown for Other Current Financial Assets (Detail) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	€ 109,918
At beginning of period	320,894
At end of period	109,918
FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	81,420
At beginning of period	289,743
Investments	6,023
Disposals	(216,353)
Fair value adjustments	578
Realized gains/(losses)	1,900
Exchange rate gains/(losses)	(471)
At end of period	81,420
FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	24,332
At beginning of period	26,852
Investments	0
Disposals	(3,001)
Fair value adjustments	34
Realized gains/(losses)	447
Exchange rate gains/(losses)	0
At end of period	24,332
Securities
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	105,752
At beginning of period	316,595
Investments	6,023
Disposals	(219,354)
Fair value adjustments	612
Realized gains/(losses)	2,347
Exchange rate gains/(losses)	(471)
At end of period	105,752
Financial receivables
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	2,200
At beginning of period	2,224
At end of period	2,200
Financial receivables | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Financial receivables | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Guarantee deposits
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	1,966
At beginning of period	2,075
At end of period	1,966
Guarantee deposits | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Guarantee deposits | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Insurance contracts | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	27,525
At beginning of period	114,975
Investments	0
Disposals	(87,906)
Fair value adjustments	491
Realized gains/(losses)	(35)
Exchange rate gains/(losses)	0
At end of period	27,525
Private equity
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	20,008
At beginning of period	18,311
At end of period	20,008
Private equity | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	20,008
At beginning of period	18,311
Investments	2,130
Disposals	(507)
Fair value adjustments	271
Realized gains/(losses)	0
Exchange rate gains/(losses)	(197)
At end of period	20,008
Private equity | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Real estate funds
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	13,748
At beginning of period	12,129
At end of period	13,748
Real estate funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	13,748
At beginning of period	12,129
Investments	1,889
Disposals	0
Fair value adjustments	(159)
Realized gains/(losses)	0
Exchange rate gains/(losses)	(111)
At end of period	13,748
Real estate funds | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Private debt
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	9,485
At beginning of period	13,644
At end of period	9,485
Private debt | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	9,485
At beginning of period	13,644
Investments	0
Disposals	(4,164)
Fair value adjustments	(28)
Realized gains/(losses)	33
Exchange rate gains/(losses)	0
At end of period	9,485
Private debt | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Hedge funds
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	8,360
At beginning of period	46,761
At end of period	8,360
Hedge funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	8,360
At beginning of period	46,761
Investments	2,004
Disposals	(40,653)
Fair value adjustments	51
Realized gains/(losses)	264
Exchange rate gains/(losses)	(67)
At end of period	8,360
Hedge funds | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets
At beginning of period	0
At end of period
Money market funds
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	18,734
At beginning of period	20,329
At end of period	18,734
Money market funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	2,034
At beginning of period	2,587
Investments	0
Disposals	(505)
Fair value adjustments	(5)
Realized gains/(losses)	60
Exchange rate gains/(losses)	(103)
At end of period	2,034
Money market funds | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	16,700
At beginning of period	17,742
At end of period	16,700
Equity
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	260
At beginning of period	14,592
At end of period	260
Equity | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	260
At beginning of period	14,592
Investments	0
Disposals	(14,999)
Fair value adjustments	(43)
Realized gains/(losses)	703
Exchange rate gains/(losses)	7
At end of period	260
Equity | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	0
Floating income | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	16,700
At beginning of period	17,742
Investments	0
Disposals	(1,005)
Fair value adjustments	(37)
Realized gains/(losses)	0
Exchange rate gains/(losses)	0
At end of period	16,700
Fixed income
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	7,632
At beginning of period	73,127
At end of period	7,632
Fixed income | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	64,017
Investments	0
Disposals	(65,018)
Fair value adjustments	0
Realized gains/(losses)	1,001
Exchange rate gains/(losses)	0
At end of period	0
Fixed income | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	7,632
At beginning of period	9,110
Investments	0
Disposals	(1,996)
Fair value adjustments	71
Realized gains/(losses)	447
Exchange rate gains/(losses)	0
At end of period	7,632
Commodities
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	2,727
At end of period	0
Commodities | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	2,727
Investments	0
Disposals	(2,601)
Fair value adjustments	0
Realized gains/(losses)	(126)
Exchange rate gains/(losses)	0
At end of period	0
Commodities | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Total other current financial assets	0
At beginning of period	0
At end of period	€ 0

Other current financial asset_3

Other current financial assets - Additional information (Details) - Securities € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure Of Other Current Financial Assets [Line Items]
Disposals of securities	€ 219,354
Gain (loss) on disposal	€ 2,626

Shareholder' equity - Additiona

Shareholder' equity - Additional Information (Detail) - EUR (€) € / shares in Units, € in Thousands			6 Months Ended		12 Months Ended
		Jun. 27, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2018
Disclosure of reserves within equity [line items]
Total equity	[1]		€ 814,919	€ 679,375	€ 732,321	€ 644,304
Par value per share (in EUR per share)			€ 0.02		€ 0.02
Transaction costs related to the Business Combination			€ 1,059	1,090
Warrant redemption	[1]		63,496
Dividends paid per ordinary share (in EUR per share)		€ 0.10
Dividends	[1]		31,099	26,001
Zegna
Disclosure of reserves within equity [line items]
Capital increase related to the Business Combination			710,264		€ 710,264
Transaction costs related to the Business Combination			17,239		17,239
Reimbursement of employee gift expenses			10,923		10,923
Share capital
Disclosure of reserves within equity [line items]
Total equity	[1]		6,054	5,939	5,939	5,939
Warrant redemption			115
Share premium
Disclosure of reserves within equity [line items]
Total equity	[1]		785,804	721,187	721,187	721,187
Warrant redemption			64,617
Reserve for treasury shares
Disclosure of reserves within equity [line items]
Total equity	[1]		(436,622)	(451,176)	(451,174)	(455,000)
Retained earnings
Disclosure of reserves within equity [line items]
Total equity	[1]		543,295	491,762	€ 528,320	€ 499,452
Dividends			€ 25,031	€ 21,854
Ordinary shares
Disclosure of reserves within equity [line items]
Number of shares issued (in shares)			302,704,726		296,943,659
Ordinary shares held in treasury
Disclosure of reserves within equity [line items]
Number of shares outstanding (in shares)			52,394,463		54,140,913
Dondi non-controlling interest shareholders | Non-controlling interests options reserve
Disclosure of reserves within equity [line items]
Other reserves							€ 21,459
Thom Browne non-controlling interest shareholders | Non-controlling interests options reserve
Disclosure of reserves within equity [line items]
Other reserves								€ 162,066
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.

Shareholder' equity - Summary o

Shareholder' equity - Summary of Other Reserves Including Other Comprehensive Income (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of reserves within equity [line items]
Other reserves	€ (170,384)	€ (169,732)
Share-based payments reserve
Disclosure of reserves within equity [line items]
Other reserves	82,764	88,557
Non-controlling interests options reserve
Disclosure of reserves within equity [line items]
Other reserves	(183,525)	(183,525)
Other
Disclosure of reserves within equity [line items]
Other reserves	€ (69,623)	€ (74,764)

Borrowings - Summary of Non-cur

Borrowings - Summary of Non-current and Current Borrowings (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	€ 471,055
Business combinations	29,890
Repayments	(173,407)
Proceeds	65,000
Other	3,286
At end of period	395,824
Non-current	112,747	€ 184,880
Current	283,077	€ 286,175
Committed loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	470,627
Business combinations	21,258
Repayments	(167,902)
Proceeds	50,000
Other	3,286
At end of period	377,269
Non-current	112,710
Current	264,559
Other financial loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	428
Business combinations	8,632
Repayments	(5,505)
Proceeds	15,000
Other	0
At end of period	18,555
Non-current	37
Current	€ 18,518

Borrowings - Summary of Financi

Borrowings - Summary of Financial Liabilities by Maturity Grouping (Details) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	€ 2,186	€ 2,362
Trade payables and customer advances	296,965	270,936
Borrowings	395,824
Lease liabilities	585,313	443,507
Other current and non-current financial liabilities	175,085	216,051
Total	1,455,373	€ 1,403,911
Total contractual cash flows
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	2,186
Trade payables and customer advances	296,965
Borrowings	399,790
Lease liabilities	656,354
Other current and non-current financial liabilities	175,085
Total	1,530,380
Within 1 Year
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	2,186
Trade payables and customer advances	296,965
Borrowings	285,732
Lease liabilities	139,556
Other current and non-current financial liabilities	23,373
Total	747,812
2 years
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	0
Trade payables and customer advances	0
Borrowings	74,151
Lease liabilities	117,022
Other current and non-current financial liabilities	0
Total	191,173
3 years
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	0
Trade payables and customer advances	0
Borrowings	28,166
Lease liabilities	93,430
Other current and non-current financial liabilities	0
Total	121,596
Beyond
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Derivative financial instruments	0
Trade payables and customer advances	0
Borrowings	11,741
Lease liabilities	306,346
Other current and non-current financial liabilities	151,712
Total	€ 469,799

Other current and non-current_3

Other current and non-current financial liabilities - Summary of Breakdown for Other Non-Current Financial Liabilities (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	€ 151,320	€ 178,766
Other	392	27
Other non-current financial liabilities	151,712	178,793
Written put options on non-controlling interests	23,373	0
Warrant liabilities	0	37,258
Other current financial liabilities	23,373	37,258
Total	175,085	216,051
Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	131,451	155,551
Written put options on non-controlling interests	23,373	0
Dondi
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	€ 19,869	€ 23,215

Other current and non-current_4

Other current and non-current financial liabilities - Additional Information (Detail) $ / shares in Units, € in Thousands		6 Months Ended
	Feb. 28, 2023 USD ($) shares $ / shares	Jun. 30, 2023 EUR (€) tranche	Jun. 30, 2022 EUR (€)	Dec. 31, 2022 EUR (€) shares
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options, current | €		€ 23,373		€ 0
Written put options, noncurrent | €		151,320		€ 178,766
Warrant redemption | €		4,409	€ 0
Number of shares issued for warrant exercise (in shares) | shares	5,761,067
Warrants
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Number of other equity instruments vested in share-based payment arrangement (in shares) | shares	408,667
Exercise price of warrants (in USD per share) | $ / shares	$ 11.50
Warrant redemption | $	$ 4,700,000
Number of warrants exercised on a cashless basis (in shares) | shares	19,322,846
Warrants exchanged for ordinary shares (in shares) | shares	0.277
Percent of outstanding warrants exercised	98%
Percent of outstanding warrants exercised for cash	2%
Percent of outstanding warrants exercised on a cashless basis	96%
Number of other equity instruments outstanding (in shares) | shares	385,123
Payments to acquire or redeem entity's shares | $	$ 38,500
Public warrants
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Number of other equity instruments outstanding (in shares) | shares				13,416,636
Public warrants | Equals or exceeds USD10.00 per share (in USD per share)
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Redemption price per warrant (in USD per share) | $ / shares	$ 0.10
Private placement warrants
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Number of other equity instruments outstanding (in shares) | shares				6,700,000
Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put option | €		154,824
Written put options, current | €		23,373		€ 0
Written put options, noncurrent | €		131,451		155,551
Dondi
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options, noncurrent | €		€ 19,869		€ 23,215
Written put options | Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests		10%
Written put options | Thom Browne | MrThom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Number of tranches for the right to exercise a sale option | tranche		2
Written put options | Dondi
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests		35%
Number of tranches for the right to exercise a sale option | tranche		2

Lease liabilities (Detail)

Lease liabilities (Detail) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disclosure Of Lease Liabilities Arising From Financing Activities [Line Items]
Balance at beginning of period	€ 443,507
Interest expense	6,654	€ 4,947
Repayment of lease liabilities (including interest expense)	65,000
Business combinations	29,890
Balance at end of period	585,313
Non-current	463,552		€ 332,050
Current	121,761		€ 111,457
Lease liabilities
Disclosure Of Lease Liabilities Arising From Financing Activities [Line Items]
Interest expense	6,654
Repayment of lease liabilities (including interest expense)	(65,769)
Business combinations	160,751
Additions due to new leases and store renewals	57,175
Decrease of lease liabilities due to store closures	(9,148)
Translation differences	€ (7,857)

Fair value measurement - Summar

Fair value measurement - Summary of Financial Assets (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of financial assets [line items]
Financial assets	€ 637,765	€ 811,122
Other current financial assets	109,918	320,894
Level 1
Disclosure of financial assets [line items]
Financial assets	24,592	30,076
Other current financial assets	24,592	30,076
Level 2
Disclosure of financial assets [line items]
Financial assets	530,945	565,319
Other current financial assets	6,474	78,470
Level 3
Disclosure of financial assets [line items]
Financial assets	82,228	215,727
Other current financial assets	78,852	212,348
FVPL
Disclosure of financial assets [line items]
Financial assets	85,441	293,701
Other current financial assets	81,420	289,743
FVOCI
Disclosure of financial assets [line items]
Financial assets	42,317	49,306
Other current financial assets	24,332	26,852
Amortized cost
Disclosure of financial assets [line items]
Financial assets	510,007	468,115
Other current financial assets	4,166	4,299
Derivative financial instruments
Disclosure of financial assets [line items]
Financial assets	17,985	22,454
Derivative financial instruments | Level 1
Disclosure of financial assets [line items]
Financial assets	0	0
Derivative financial instruments | Level 2
Disclosure of financial assets [line items]
Financial assets	17,985	22,454
Derivative financial instruments | Level 3
Disclosure of financial assets [line items]
Financial assets	0	0
Derivative financial instruments | FVPL
Disclosure of financial assets [line items]
Financial assets	0	0
Derivative financial instruments | FVOCI
Disclosure of financial assets [line items]
Financial assets	17,985	22,454
Derivative financial instruments | Amortized cost
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	255,040	254,321
Cash and cash equivalents | Level 1
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | Level 2
Disclosure of financial assets [line items]
Financial assets	255,040	254,321
Cash and cash equivalents | Level 3
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | FVPL
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | Amortized cost
Disclosure of financial assets [line items]
Financial assets	255,040	254,321
Trade receivables
Disclosure of financial assets [line items]
Financial assets	217,208	177,213
Trade receivables | Level 1
Disclosure of financial assets [line items]
Financial assets	0	0
Trade receivables | Level 2
Disclosure of financial assets [line items]
Financial assets	217,208	177,213
Trade receivables | Level 3
Disclosure of financial assets [line items]
Financial assets	0	0
Trade receivables | FVPL
Disclosure of financial assets [line items]
Financial assets	0	0
Trade receivables | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Trade receivables | Amortized cost
Disclosure of financial assets [line items]
Financial assets	217,208	177,213
Other non-current financial assets
Disclosure of financial assets [line items]
Financial assets	37,614	36,240
Other non-current financial assets | Level 1
Disclosure of financial assets [line items]
Financial assets	0	0
Other non-current financial assets | Level 2
Disclosure of financial assets [line items]
Financial assets	34,238	32,861
Other non-current financial assets | Level 3
Disclosure of financial assets [line items]
Financial assets	3,376	3,379
Other non-current financial assets | FVPL
Disclosure of financial assets [line items]
Financial assets	4,021	3,958
Other non-current financial assets | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Other non-current financial assets | Amortized cost
Disclosure of financial assets [line items]
Financial assets	33,593	32,282
Other current financial assets
Disclosure of financial assets [line items]
Financial assets	109,918	320,894
Other current financial assets | Level 1
Disclosure of financial assets [line items]
Financial assets	24,592	30,076
Other current financial assets | Level 2
Disclosure of financial assets [line items]
Financial assets	6,474	78,470
Other current financial assets | Level 3
Disclosure of financial assets [line items]
Financial assets	78,852	212,348
Other current financial assets | FVPL
Disclosure of financial assets [line items]
Financial assets	81,420	289,743
Other current financial assets | FVOCI
Disclosure of financial assets [line items]
Financial assets	24,332	26,852
Other current financial assets | Amortized cost
Disclosure of financial assets [line items]
Financial assets	4,166	4,299
Insurance contracts
Disclosure of financial assets [line items]
Other current financial assets	27,525	114,975
Insurance contracts | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Insurance contracts | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	0
Insurance contracts | Level 3
Disclosure of financial assets [line items]
Other current financial assets	27,525	114,975
Insurance contracts | FVPL
Disclosure of financial assets [line items]
Other current financial assets	27,525	114,975
Insurance contracts | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Insurance contracts | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private equity
Disclosure of financial assets [line items]
Other current financial assets	20,008	18,311
Private equity | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private equity | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private equity | Level 3
Disclosure of financial assets [line items]
Other current financial assets	20,008	18,311
Private equity | FVPL
Disclosure of financial assets [line items]
Other current financial assets	20,008	18,311
Private equity | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private equity | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Money market funds
Disclosure of financial assets [line items]
Other current financial assets	18,734	20,329
Money market funds | Level 1
Disclosure of financial assets [line items]
Other current financial assets	16,700	17,742
Money market funds | Level 2
Disclosure of financial assets [line items]
Other current financial assets	2,034	2,587
Money market funds | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Money market funds | FVPL
Disclosure of financial assets [line items]
Other current financial assets	2,034	2,587
Money market funds | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	16,700	17,742
Money market funds | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Real estate funds
Disclosure of financial assets [line items]
Other current financial assets	13,748	12,129
Real estate funds | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Real estate funds | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	0
Real estate funds | Level 3
Disclosure of financial assets [line items]
Other current financial assets	13,748	12,129
Real estate funds | FVPL
Disclosure of financial assets [line items]
Other current financial assets	13,748	12,129
Real estate funds | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Real estate funds | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private debt
Disclosure of financial assets [line items]
Other current financial assets	9,485	13,644
Private debt | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private debt | Level 2
Disclosure of financial assets [line items]
Other current financial assets	274	259
Private debt | Level 3
Disclosure of financial assets [line items]
Other current financial assets	9,211	13,385
Private debt | FVPL
Disclosure of financial assets [line items]
Other current financial assets	9,485	13,644
Private debt | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Private debt | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Hedge funds
Disclosure of financial assets [line items]
Other current financial assets	8,360	46,761
Hedge funds | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Hedge funds | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	10,116
Hedge funds | Level 3
Disclosure of financial assets [line items]
Other current financial assets	8,360	36,645
Hedge funds | FVPL
Disclosure of financial assets [line items]
Other current financial assets	8,360	46,761
Hedge funds | FVOCI
Disclosure of financial assets [line items]
Other current financial assets		0
Hedge funds | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Fixed income
Disclosure of financial assets [line items]
Other current financial assets	7,632	73,127
Fixed income | Level 1
Disclosure of financial assets [line items]
Other current financial assets	7,632	9,110
Fixed income | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	47,114
Fixed income | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	16,903
Fixed income | FVPL
Disclosure of financial assets [line items]
Other current financial assets	0	64,017
Fixed income | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	7,632	9,110
Fixed income | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Financial receivables
Disclosure of financial assets [line items]
Other current financial assets	2,200	2,224
Financial receivables | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Financial receivables | Level 2
Disclosure of financial assets [line items]
Other current financial assets	2,200	2,224
Financial receivables | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Financial receivables | FVPL
Disclosure of financial assets [line items]
Other current financial assets	0	0
Financial receivables | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Financial receivables | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	2,200	2,224
Guarantee deposits
Disclosure of financial assets [line items]
Other current financial assets	1,966	2,075
Guarantee deposits | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	0
Guarantee deposits | Level 2
Disclosure of financial assets [line items]
Other current financial assets	1,966	2,075
Guarantee deposits | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Guarantee deposits | FVPL
Disclosure of financial assets [line items]
Other current financial assets	0	0
Guarantee deposits | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Guarantee deposits | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	1,966	2,075
Equity
Disclosure of financial assets [line items]
Other current financial assets	260	14,592
Equity | Level 1
Disclosure of financial assets [line items]
Other current financial assets	260	497
Equity | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	14,095
Equity | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Equity | FVPL
Disclosure of financial assets [line items]
Other current financial assets	260	14,592
Equity | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Equity | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Commodities
Disclosure of financial assets [line items]
Other current financial assets	0	2,727
Commodities | Level 1
Disclosure of financial assets [line items]
Other current financial assets	0	2,727
Commodities | Level 2
Disclosure of financial assets [line items]
Other current financial assets	0	0
Commodities | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Commodities | FVPL
Disclosure of financial assets [line items]
Other current financial assets	0	2,727
Commodities | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Commodities | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	€ 0	€ 0

Fair value measurement - Summ_2

Fair value measurement - Summary of Fair Value Measurement of Equity (Detail) € in Thousands	6 Months Ended
	Jun. 30, 2023 EUR (€)
Disclosure of fair value measurement of equity [line items]
At beginning of period	€ 732,321	[1]
At end of period	814,919	[1]
Level 3
Disclosure of fair value measurement of equity [line items]
At beginning of period	215,727
Investments	6,023
Disposals	(139,706)
Fair value adjustments	608
Realized gains	(49)
Exchange rate gains	(375)
At end of period	€ 82,228
[1]Starting with the six months ended June 30, 2023, in the semi-annual condensed consolidated statement of changes in equity the Group separately presents certain components of equity, including share premium, the reserve for treasury shares and other legal reserves, which were previously presented within other reserves. Management believes this presentation, together with the accompanying notes, facilitate a better understanding of the underlying components of the Group’s equity. As a result of this new presentation, certain amounts presented for periods prior to the six months ended June 30, 2023 have been reclassified compared to amounts previously presented by the Group.

Fair value measurement - Summ_3

Fair value measurement - Summary of Financial Liabilities (Detail) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of financial liabilities [line items]
Financial liabilities	€ 1,455,373	€ 1,403,911
Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	870,059	960,377
Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	585,313	443,534
FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	174,693	216,024
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	2,186	2,362
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	1,278,494	1,185,525
Derivative financial instruments
Disclosure of financial liabilities [line items]
Financial liabilities	2,186	2,362
Derivative financial instruments | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Derivative financial instruments | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	2,186	2,362
Derivative financial instruments | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Derivative financial instruments | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Derivative financial instruments | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	2,186	2,362
Derivative financial instruments | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-current borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	112,747	184,880
Non-current borrowings | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-current borrowings | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	112,747	184,880
Non-current borrowings | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-current borrowings | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-current borrowings | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-current borrowings | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	112,747	184,880
Current borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	283,077	286,175
Current borrowings | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Current borrowings | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	283,077	286,175
Current borrowings | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Current borrowings | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Current borrowings | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Current borrowings | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	283,077	286,175
Other non-current financial liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	151,712	178,793
Other non-current financial liabilities | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Other non-current financial liabilities | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	151,712	178,766
Other non-current financial liabilities | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	27
Other non-current financial liabilities | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	151,320	178,766
Other non-current financial liabilities | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Other non-current financial liabilities | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	392	27
Other current financial liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	23,373	37,258
Other current financial liabilities | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Other current financial liabilities | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	23,373	37,258
Other current financial liabilities | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Other current financial liabilities | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	23,373	37,258
Other current financial liabilities | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Other current financial liabilities | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Trade payables and customer advances
Disclosure of financial liabilities [line items]
Financial liabilities	296,965	270,936
Trade payables and customer advances | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Trade payables and customer advances | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	296,964	270,936
Trade payables and customer advances | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Trade payables and customer advances | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Trade payables and customer advances | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Trade payables and customer advances | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	296,965	270,936
Lease liabilities – Current/Non-current
Disclosure of financial liabilities [line items]
Financial liabilities	585,313	443,507
Lease liabilities – Current/Non-current | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Lease liabilities – Current/Non-current | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Lease liabilities – Current/Non-current | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	585,313	443,507
Lease liabilities – Current/Non-current | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Lease liabilities – Current/Non-current | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Lease liabilities – Current/Non-current | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	€ 585,313	€ 443,507

Related party transactions - Ad

Related party transactions - Additional Information (Detail) - EUR (€) € in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
PKB Bank AG
Disclosure of transactions between related parties [line items]
Transfers under finance agreements from entity, related party transactions	€ 5,000
Associates | Tom Ford Fashion
Disclosure of transactions between related parties [line items]
Provision of guarantees or collateral to entity, related party transactions		€ 6,875	€ 7,500

Related party transactions - Su

Related party transactions - Summary of Transactions with Related Parties (Details) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of transactions between related parties [line items]
Revenues	€ 903,059	€ 728,993	[1]
Cost of sales	323,228	280,182	[1]
Selling, general and administrative expenses	415,792	332,854	[1]
Marketing expenses	47,530	34,590	[1]
Foreign exchange gains/(losses)	(7,003)	(9,893)	[1]
Zegna Group
Disclosure of transactions between related parties [line items]
Revenues	903,059	728,993
Cost of sales	323,228	280,182
Selling, general and administrative expenses	415,792	332,854
Marketing expenses	47,530
Financial income/(expenses)	(28,991)	(26,064)
Foreign exchange gains/(losses)	(7,003)
Related parties
Disclosure of transactions between related parties [line items]
Revenues	3,281	16,795
Cost of sales	16,500	6,876
Selling, general and administrative expenses	5,330	8,338
Marketing expenses	1,081
Financial income/(expenses)	(433)	88
Foreign exchange gains/(losses)	1,915
Associates
Disclosure of transactions between related parties [line items]
Revenues	3,212	16,750
Cost of sales	4,710	1,587
Selling, general and administrative expenses	880	4,009
Marketing expenses	0
Financial income/(expenses)	36	36
Foreign exchange gains/(losses)	0
Associates | TFI Group
Disclosure of transactions between related parties [line items]
Revenues	3,212	16,743
Cost of sales	288	0
Selling, general and administrative expenses	740	4,009
Marketing expenses	0
Financial income/(expenses)	(7)	36
Foreign exchange gains/(losses)	0
Royalties	181	2,074
Associates | Filati Biagioli Modesto S.p.A.
Disclosure of transactions between related parties [line items]
Revenues	0	7
Cost of sales	3,581	1,590
Selling, general and administrative expenses	20	0
Marketing expenses	0
Financial income/(expenses)	45	0
Foreign exchange gains/(losses)	0
Associates | Norda Run Inc.
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	841	0
Selling, general and administrative expenses	120	0
Marketing expenses	0
Financial income/(expenses)	(2)	0
Foreign exchange gains/(losses)	0
Associates | Pelletteria Tizeta S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	0	(3)
Selling, general and administrative expenses	0	0
Marketing expenses	0
Financial income/(expenses)	0	0
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | EZ Real Estate S.r.l
Disclosure of transactions between related parties [line items]
Revenues	1	6
Cost of sales	1,379	1,308
Selling, general and administrative expenses	2,065	2,637
Marketing expenses	1,024
Financial income/(expenses)	(181)	(248)
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Schneider Group
Disclosure of transactions between related parties [line items]
Revenues	17	0
Cost of sales	6,732	2,703
Selling, general and administrative expenses	11	0
Marketing expenses	0
Financial income/(expenses)	0	0
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Alan Real Estate S.A
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	874	823
Selling, general and administrative expenses	649	424
Marketing expenses	0
Financial income/(expenses)	(26)	0
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Agnona S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	14	35
Cost of sales	15	0
Selling, general and administrative expenses	87	250
Marketing expenses	49
Financial income/(expenses)	(1)	0
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | 61 West 23rd Street LLC
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	0	0
Selling, general and administrative expenses	0	(15)
Marketing expenses	0
Financial income/(expenses)	0	0
Foreign exchange gains/(losses)	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Other Companies controlled by Monterubello or its shareholders, Zegna directors or senior management
Disclosure of transactions between related parties [line items]
Revenues	37	4
Cost of sales	2,790	455
Selling, general and administrative expenses	11	0
Marketing expenses	8
Financial income/(expenses)	1	300
Foreign exchange gains/(losses)	0
UBS Group AG
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	0	0
Selling, general and administrative expenses	103	0
Marketing expenses	0
Financial income/(expenses)	(262)	0
Foreign exchange gains/(losses)	1,915
Other
Disclosure of transactions between related parties [line items]
Revenues	0	0
Cost of sales	0	0
Selling, general and administrative expenses	1,524	1,033
Marketing expenses	0
Financial income/(expenses)	0	€ 0
Foreign exchange gains/(losses)	€ 0
[1]Starting with the six months ended June 30, 2023, the Group presents the semi-annual condensed consolidated statement of profit and loss by function, which is most representative of the way the Chief Operating Decision Maker and management view the business, and is consistent with international practice. In order to conform to this new presentation, the information for the six months ended June 30, 2022 has been reclassified compared to what was previously presented by the Group.

Related party transactions - _2

Related party transactions - Summary of Balances with Related Parties (Details) - EUR (€) € in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Non-current assets	€ 1,410,771	€ 1,141,070
Total current assets	1,262,741	1,285,657
Non-current liabilities	836,673	827,422
Current liabilities	1,021,920	866,984
Zegna Group
Disclosure of transactions between related parties [line items]
Non-current assets	1,410,771	1,141,070
Total current assets	1,262,741	1,285,657
Non-current liabilities	836,673	827,422
Current liabilities	1,021,920	866,984
Related parties
Disclosure of transactions between related parties [line items]
Non-current assets	53,408	51,546
Total current assets	45,838	14,378
Non-current liabilities	62,958	43,341
Current liabilities	88,263	18,900
Associates
Disclosure of transactions between related parties [line items]
Non-current assets	2,200	0
Total current assets	125	14,009
Non-current liabilities	0	0
Current liabilities	2,853	3,196
Associates | TFI Group
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	5	11,808
Non-current liabilities	0	0
Current liabilities	0	366
Associates | Filati Biagioli Modesto S.p.A.
Disclosure of transactions between related parties [line items]
Non-current assets	2,200	0
Total current assets	120	2,200
Non-current liabilities	0	0
Current liabilities	2,851	2,830
Associates | Norda Run Inc.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	0	0
Non-current liabilities	0	0
Current liabilities	2	0
Associates | Pelletteria Tizeta S.r.l.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	0	1
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Monterubello
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	0	0
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Agnona S.r.l.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	21	32
Non-current liabilities	0	0
Current liabilities	17	67
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Schneider Group
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	7	4
Non-current liabilities	0	0
Current liabilities	2,458	4,102
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | EZ Real Estate S.r.l
Disclosure of transactions between related parties [line items]
Non-current assets	41,799	41,671
Total current assets	40	69
Non-current liabilities	36,092	35,776
Current liabilities	8,120	6,476
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | 61 West 23rd Street LLC
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	24	24
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Alan Real Estate S.A
Disclosure of transactions between related parties [line items]
Non-current assets	9,409	9,875
Total current assets	0	0
Non-current liabilities	6,866	7,565
Current liabilities	2,866	2,471
Companies controlled by Monterubello or its shareholders, Zegna directors or senior management | Other Companies controlled by Monterubello or its shareholders, Zegna directors or senior management
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	269	240
Non-current liabilities	0	0
Current liabilities	1,512	2,204
UBS Group AG
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	45,352	0
Non-current liabilities	20,000	0
Current liabilities	70,087	0
Other
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Total current assets	0	0
Non-current liabilities	0	0
Current liabilities	€ 350	€ 384

Share-based payments (Details)

Share-based payments (Details) € in Thousands		1 Months Ended	3 Months Ended	6 Months Ended		12 Months Ended
	Apr. 05, 2023 shares	Jun. 30, 2023 EUR (€) shares	Jun. 30, 2023 shares	Jun. 30, 2023 EUR (€)	Jun. 30, 2022 EUR (€)	Dec. 31, 2025 shares	Dec. 31, 2022	Mar. 14, 2023 shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €				€ 6,536	€ 6,683
Percent of escrow shares released								70%
Annual remuneration base fee | €				€ 150
Non-executive remuneration received in cash, as a percent				50%
Non-executive remuneration received in equity, as a percent				50%			50%
Forecast | Zegna non-executive directors
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options granted in share-based payment arrangement (in shares)						7,640
Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Shares exercised (in shares)		468,450
Options exercised | €		€ 3,654
Equity settled share based payments | Performance share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments vested in share-based payment arrangement (in shares)			690,000
Equity settled share based payments | Performance share units | Chief Executive Officer
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments vested in share-based payment arrangement (in shares)			240,000
Equity settled share based payments | Performance share units | Zegna directors, excluding the CEO, key executives, and other employees
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments vested in share-based payment arrangement (in shares)			450,000
Ordinary shares | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments granted in share based payment arrangement (in shares)	588,000
Escrow Shares | Ordinary shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares issued (in shares)								3,521,875

Business combinations - Additio

Business combinations - Additional Information (Detail) € in Thousands, $ in Thousands					2 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2023	Apr. 28, 2023 EUR (€)	Apr. 27, 2023	Mar. 31, 2023	Jun. 30, 2023 EUR (€) store	Jun. 30, 2023 EUR (€) store	Jun. 30, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Apr. 28, 2023 USD ($)
Disclosure of detailed information about business combination [line items]
Transaction costs related to the Business Combination						€ 1,059	€ 1,090
Tom Ford Fashion
Disclosure of detailed information about business combination [line items]
Number of retail stores | store					51	51
Pelletteria Tizeta S.r.l.
Disclosure of detailed information about business combination [line items]
Group's percentage interest	100%	100%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Group's percentage interest				50%
Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in associate			15%	15%
Provision of guarantees or collateral to entity, related party transactions | $								$ 6,875
Pelletteria Tizeta S.r.l.
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in associate			50%	50%
Group's percentage interest			50%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in associate			50%
Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Percentage of voting interests acquired	85%	85%							85%
Implied fair value | $									$ 150,000
Transaction costs related to the Business Combination		€ 4,681
Revenue of the acquiree since the acquisition date					€ 64,015
Loss of the acquiree since the acquisition date					€ 1,317
Business combination proforma revenue of the combined entity						€ 97,000
Business combination proforma net loss						€ 17,000
Percentage of entity's assets						17%
Percentage of entity's revenue						7%
Long-term licensing and collaboration agreement, term		20 years							20 years
Long-term licensing and collaboration agreement, automatic renewal term		10 years							10 years
Tom Ford International LLC | Concessions, licenses, trademarks and patents
Disclosure of detailed information about business combination [line items]
License agreement		€ 90,856
Right-of-use license agreement, useful life		30 years
Right-of-use guaranteed years		20 years							20 years
Right-of-use automatic renewal term		10 years							10 years

Business combinations - Summary

Business combinations - Summary of Preliminary Details of the Purchase Consideration (Detail) - Tom Ford International LLC € in Thousands	Apr. 28, 2023 EUR (€)
Disclosure of detailed information about business combination [line items]
Consideration paid for 85% of TFI	€ 91,259
Fair value of the previously equity interests held	21,505
Settlement of pre-existing intercompany balances	5,949
Total consideration	€ 118,713

Business combinations - Summa_2

Business combinations - Summary of Identifiable Assets Acquired (Detail) - Tom Ford International LLC € in Thousands	Apr. 28, 2023 EUR (€)
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	€ 109,667
Inventories	85,659
Right-of-use assets	160,751
Intangible assets and property, plant and equipment	114,629
Other current and non-current assets	45,378
Other current and non-current liabilities	(170,307)
Current and non-current lease liabilities	(160,751)
Current and non-current borrowings	(29,890)
Trade payables and customer advances	(28,174)
Employee benefits	(3,259)
Deferred tax liabilities	(4,990)
Net identifiable assets acquired	€ 118,713

Business combinations - Summa_3

Business combinations - Summary of Net Cash Outflows Related To The Acquisition (Detail) - EUR (€) € in Thousands		6 Months Ended
	Apr. 28, 2023	Jun. 30, 2023	Jun. 30, 2022	Apr. 30, 2023
Disclosure of detailed information about business combination [line items]
Net cash outflow - Investing activities		€ (108,575)	€ 0
Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Consideration paid for 85% of TFI	€ (91,259)
Cash and cash equivalents acquired	109,667
Payment of TFI acquisition-related liabilities	(126,983)
Net cash outflow - Investing activities	€ (108,575)
Percentage of voting interests acquired	85%			85%

Business combinations - Minimum

Business combinations - Minimum Annual Guaranteed Royalties (Details) - Tom Ford International LLC - EUR (€) € in Millions	6 Months Ended
	Jun. 30, 2023	Apr. 28, 2023
Disclosure of detailed information about business combination [line items]
Long-term licensing and collaboration agreement, term of minimum annual guaranteed royalties		10 years
Royalty expense	€ 181.7
Due within 1 year
Disclosure of detailed information about business combination [line items]
Royalty expense	16.8
Due in 1 to 5 years
Disclosure of detailed information about business combination [line items]
Royalty expense	72.2
Due in 5 to 10 years
Disclosure of detailed information about business combination [line items]
Royalty expense	€ 92.7

Subsequent events (Detail)

Subsequent events (Detail) € in Millions	1 Months Ended
	Jul. 31, 2023 EUR (€)	Sep. 05, 2023 EUR (€)	Aug. 29, 2023 shares	Jul. 01, 2023 store	Mar. 31, 2023 store	Mar. 14, 2023 shares
Disclosure of non-adjusting events after reporting period [line items]
Percent of escrow shares released						70%
Thom Browne Korea Ltd.
Disclosure of non-adjusting events after reporting period [line items]
Number of retail stores | store					17
Escrow Shares | Ordinary shares
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued (in shares) | shares						3,521,875
Major business combination | Luigi Fedeli e Figlio S.r.l.
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting interests acquired		15%
Cash consideration | €		€ 4.7
Major business combination | Zegna and Prada Group | Luigi Fedeli e Figlio S.r.l.
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting interests acquired		30%
Major business combination | Prada Group | Luigi Fedeli e Figlio S.r.l.
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting interests acquired		15%
Major business combination | Thom Browne Korea Ltd.
Disclosure of non-adjusting events after reporting period [line items]
Number of retail stores | store				17
Major equity transactions
Disclosure of non-adjusting events after reporting period [line items]
Capital contribution | €	€ 2.2
Major ordinary share transactions
Disclosure of non-adjusting events after reporting period [line items]
Percent of escrow shares released			30%
Major ordinary share transactions | Escrow Shares | Ordinary shares
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued (in shares) | shares			1,509,375