Ermenegildo Zegna (ZGN) 20-F 5 Apr 24 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-41180
Entity Registrant Name	Ermenegildo Zegna N.V.
Entity Incorporation, State or Country Code	P7
Entity Address, Address Line One	Viale Roma 99/100
Entity Address, Postal Zip Code	13835
Entity Address, Address Line Two	Valdilana loc.
Entity Address, City or Town	Trivero
Entity Address, Country	IT
Title of 12(b) Security	Ordinary Shares
Trading Symbol	ZGN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001877787
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Fiscal Period Focus	FY
Zegna Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	250,310,263
Special voting shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	154,981,350
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	Viale Roma 99/100
Entity Address, Postal Zip Code	13835
Entity Address, Address Line Two	Valdilana loc.
Entity Address, City or Town	Trivero
Entity Address, Country	IT
Contact Personnel Name	Gianluca Ambrogio Tagliabue
Contact Personnel Fax Number	39 015756139

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Deloitte & Touche S.p.A.
Auditor Location	Turin Italy
Auditor Firm ID	1376

Consolidated Statement Of Profi

Consolidated Statement Of Profit And Loss - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Profit or loss [abstract]
Revenues	€ 1,904,549	€ 1,492,840		€ 1,292,402
Cost of sales	(680,235)	(564,832)		(495,702)
Gross profit	1,224,314	928,008		796,700
Selling, general and administrative expenses	(901,364)	(695,084)		(822,897)
Marketing expenses	(114,802)	(85,147)		(67,831)
Operating profit/(loss)	208,148	147,777		(94,028)
Financial income	37,282	13,320		45,889
Financial expenses	(68,121)	(54,346)		(43,823)
Foreign exchange losses	(5,262)	(7,869)		(7,791)
Result from investments accounted for using the equity method	(2,953)	2,199		2,794
Profit/(Loss) before taxes	169,094	101,081		(96,959)
Income taxes	(33,433)	(35,802)		(30,702)
Profit/(Loss)	135,661	65,279		(127,661)
Attributable to:
Shareholders of the Parent Company	121,529	51,482		(136,001)
Non-controlling interests	€ 14,132	€ 13,797		€ 8,340
Basic earnings per share in Euro (in EUR per share)	€ 0.49	€ 0.22		€ (0.67)
Diluted earnings per share in Euro (in EUR per share)	€ 0.48	€ 0.21		€ (0.67)
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income And Loss - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Statement of comprehensive income [abstract]
Profit/(Loss)		€ 135,661	€ 65,279	[1]	€ (127,661)	[1]
Items that will be subsequently reclassified to the statement of profit and loss:
Foreign currency exchange differences arising from the translation of foreign operations	[2]	(15,887)	10,098		40,324
Net (loss)/gain from cash flow hedges		(7,553)	21,744		(6,344)
Net gain/(loss) from financial instruments measured at fair value		635	(1,482)		444
Items that will not be subsequently reclassified to the statement of profit and loss:
Net actuarial gain/(loss) from defined benefit plans		1,025	1,092		(397)
Total other comprehensive (loss)/income, net of tax		(21,780)	31,452		34,027
Total comprehensive income/(loss)		113,881	96,731		(93,634)
Attributable to:
Shareholders of the Parent Company		100,583	82,908		(102,106)
Non-controlling interests		€ 13,298	€ 13,823		€ 8,472
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group. (*) 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 and loss to foreign exchange losses within the consolidated statement of profit and loss for the year ended December 31, 2023. For additional information relating to the acquisition of Tom Ford International see Note 1 — General information, Note 17 — Investments accounted for using the equity method and Note 39 — Business combinations.

Consolidated Statement Of Com_2

Consolidated Statement Of Comprehensive Income And Loss (Parenthetical) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Condensed Statement of Income Captions [Line Items]
Foreign exchange losses	€ 5,262	€ 7,869		€ 7,791
Tom Ford International LLC
Condensed Statement of Income Captions [Line Items]
Foreign exchange losses	€ 4,705
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Consolidated Statement Of Finan

Consolidated Statement Of Financial Position - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Non-current assets
Intangible assets	€ 572,274	€ 455,908
Property, plant and equipment	159,608	126,139
Right-of-use assets	533,952	375,508
Investments accounted for using the equity method	18,765	22,648
Deferred tax assets	160,878	124,627
Other non-current financial assets	33,898	36,240
Total non-current assets	1,479,375	1,141,070
Current assets
Inventories	522,589	410,851
Trade receivables	240,457	177,213
Derivative financial instruments	11,110	22,454
Tax receivables	31,024	15,350
Other current financial assets	90,917	320,894
Other current assets	95,260	84,574
Cash and cash equivalents	296,279	254,321
Total current assets	1,287,636	1,285,657
Total assets	2,767,011	2,426,727
Liabilities and Equity
Equity attributable to shareholders of the Parent Company	840,294	678,949
Equity attributable to non-controlling interests	60,602	53,372
Total equity	900,896	732,321	[1]
Non-current liabilities
Non-current borrowings	113,285	184,880
Other non-current financial liabilities	136,556	178,793
Non-current lease liabilities	471,083	332,050
Non-current provisions for risks and charges	19,849	19,581
Employee benefits	29,645	51,584
Deferred tax liabilities	73,885	60,534
Other non-current liabilities	9,689	0
Total non-current liabilities	853,992	827,422
Current liabilities
Current borrowings	289,337	286,175
Other current financial liabilities	22,102	37,258
Current lease liabilities	122,642	111,457
Derivative financial instruments	897	2,362
Current provisions for risks and charges	16,019	13,969
Trade payables and customer advances	314,137	270,936
Tax liabilities	41,976	25,999
Other current liabilities	205,013	118,828
Total current liabilities	1,012,123	866,984
Total equity and liabilities	€ 2,767,011	€ 2,426,727
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements.

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Operating activities
Profit/(Loss)	€ 135,661	€ 65,279	[1]	€ (127,661)	[1]
Income taxes	33,433	35,802		30,702
Depreciation, amortization and impairment of assets	194,952	173,521		163,367
Financial income	(37,282)	(13,320)		(45,889)
Financial expenses	68,121	54,346		43,823
Foreign exchange losses	5,262	7,869		7,791
Write downs and other provisions	(1,168)	14		19,487
Write downs of the provision for obsolete inventory	31,850	28,561		29,600
Result from investments accounted for using the equity method	2,953	(2,199)		(2,794)
(Gains)/Losses arising from the disposal of fixed assets	0	(1,124)		1,153
Other non-cash expenses, net	66,641	23,063		230,812
Change in inventories	(72,770)	(103,112)		(27,554)
Change in trade receivables	(51,022)	(15,623)		(12,294)
Change in trade payables including customer advances	11,670	43,511		31,426
Change in current and non-current provisions for risks and charges	(6,720)	(29,102)		(5,498)
Change in employee benefits	(2,566)	(8,676)		(13,456)
Change in other operating assets and liabilities	(20,479)	(38,216)		38,927
Interest paid	(29,166)	(24,938)		(17,487)
Income taxes paid	(53,988)	(49,258)		(63,300)
Net cash flows from operating activities	275,382	146,398		281,155
Investing activities
Payments for property, plant and equipment	(57,034)	(49,114)		(79,699)
Proceeds from disposals of property, plant and equipment	0	0		3,791
Payments for intangible assets	(20,843)	(24,185)		(14,627)
Proceeds from disposals of non-current financial assets	2,345	2,585		1,536
Payments for purchases of non-current financial assets	(2,623)	(111)		(4,431)
Proceeds from disposals of current financial assets and derivative instruments	270,317	46,487		92,021
Payments for acquisitions of current financial assets and derivative instruments	(36,956)	(32,412)		(76,058)
Business combinations, net of cash acquired	(117,686)	(585)		(4,224)
Acquisition of investments accounted for using the equity method	(15,734)	0		(313)
Net cash flows from/(used in) investing activities	21,786	(57,335)		(82,004)
Financing activities
Proceeds from borrowings	204,424	0		123,570
Repayments of borrowings	(306,150)	(159,719)		(160,210)
Repayments of other non-current financial liabilities	0	(3,919)		(4,287)
Payments of lease liabilities	(125,732)	(121,633)		(100,611)
Proceeds from the exercise of warrants	4,409	0		0
Proceeds from capital contribution from Monterubello	0	10,923		0
Sales of shares held in treasury	3,654	3,390		6,343
Purchase of own shares	0	0		(384)
Dividends to owners of the parent	(25,031)	(21,852)		(102)
Dividends paid to non-controlling interests	(6,068)	(4,187)		(548)
Purchase of own shares from Monterubello	0	0		(455,000)
Proceeds from issuance of Ordinary Shares upon Business Combination	0	0		310,739
Proceeds from issuance of Ordinary Shares to PIPE Investors	0	0		331,385
Payments of transaction costs related to the Business Combination	0	0		(48,475)
Cash distributed as part of the Disposition	0	0		(26,272)
Payments for acquisition of non-controlling interests	0	0		(40,253)
Net cash flows used in financing activities	(250,494)	(296,997)		(64,105)
Effects of exchange rate changes on cash and cash equivalents	(4,716)	2,464		7,454
Net increase/(decrease) in cash and cash equivalents	41,958	(205,470)		142,500
Cash and cash equivalents at beginning of period	254,321	459,791		317,291
Cash and cash equivalents at end of period	€ 296,279	€ 254,321		€ 459,791
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - EUR (€) € in Thousands		Total		Share capital	Share premium	Currency translation difference	Cash flow hedge reserve	Reserve for remeasurement of defined benefit plans	Financial assets at FVOCI reserve	Other legal reserves	Reserve for treasury shares	Other reserves	Retained earnings	Total equity attributable to shareholders of the Parent Company	Total equity attributable to non-controlling interests
At beginning of period at Dec. 31, 2020	[1]	€ 645,034		€ 4,300	€ 0	€ (24,660)	€ (2,225)	€ 741	€ 243	€ 0	€ (76,624)	€ (193,247)	€ 893,236	€ 601,764	€ 43,270
(Loss)/Profit		(127,661)	[2]										(136,001)	(136,001)	8,340
Other comprehensive income/(loss)		34,027				40,197	(6,316)	(430)	444					33,895	132
Total comprehensive income/(loss)		(93,634)				40,197	(6,316)	(430)	444				(136,001)	(102,106)	8,472
Legal reserves										20,351		(21,211)	860
Dividends		(650)										(102)		(102)	(548)
Capital increase related to the Business Combination		711,903		1,639	710,264									711,903
Purchase of own shares from Monterubello		(455,000)									(455,000)			(455,000)
Capital contribution from Monterubello		10,923			10,923									10,923
Issuance of shares held in treasury		5,959									76,624	(70,665)		5,959
Assignment of treasury shares												31,823	(31,823)
Acquisition of non-controlling interests													8,365	8,365	(8,365)
Acquisition of Ubertino		2,854													2,854
Share-based payments		74,978										74,978		74,978
Increase (decrease) through disposal of subsidiary, equity		(258,063)				(20,465)	176						(235,185)	(255,474)	(2,589)
At end of period at Dec. 31, 2021	[1]	644,304		5,939	721,187	(4,928)	(8,365)	311	687	20,351	(455,000)	(178,424)	499,452	601,210	43,094
(Loss)/Profit		65,279	[2]										51,482	51,482	13,797
Other comprehensive income/(loss)		31,452				10,223	21,744	941	(1,482)					31,426	26
Total comprehensive income/(loss)		96,731				10,223	21,744	941	(1,482)				51,482	82,908	13,823
Legal reserves										4,927		(4,927)
Dividends		(26,039)											(21,852)	(21,852)	(4,187)
Issuance of shares held in treasury		3,826									3,826			3,826
Share-based payments		13,579										13,579		13,579
Other changes		(80)										40	(762)	(722)	642
At end of period at Dec. 31, 2022	[1]	732,321		5,939	721,187	5,295	13,379	1,252	(795)	25,278	(451,174)	(169,732)	528,320	678,949	53,372
(Loss)/Profit		135,661											121,529	121,529	14,132
Other comprehensive income/(loss)		(21,780)				(15,151)	(7,553)	1,123	635					(20,946)	(834)
Total comprehensive income/(loss)		113,881				(15,151)	(7,553)	1,123	635				121,529	100,583	13,298
Legal reserves										(3,145)		3,145
Dividends		(31,099)											(25,031)	(25,031)	(6,068)
Issuance of shares held in treasury		3,654									3,902	(248)		3,654
Exercise of warrants		63,379		115	64,500							(1,236)		63,379
Issuance of Special Voting Shares A				3,100	(3,100)
Share-based payments		19,780										19,780		19,780
Settlement of share-based payments											10,650	(11,093)	443
Other changes		(1,020)										5,388	(6,408)	(1,020)	0
At end of period at Dec. 31, 2023		€ 900,896		€ 9,154	€ 782,587	€ (9,856)	€ 5,826	€ 2,375	€ (160)	€ 22,133	€ (436,622)	€ (153,996)	€ 618,853	€ 840,294	€ 60,602
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements. (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

General information

General information	12 Months Ended
	Dec. 31, 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 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 “Ermenegildo Zegna Group” or the “Group”) is the holding company of the 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. Ermenegildo Zegna Group 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. (“Lanificio”) in Valdilana (BI), Italy, the Group 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. For further information on the TFI Acquisition, see Note 39 — Business combinations . 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. Business Combination and other transactions in 2021 On December 17, 2021, the Group closed the previously announced business combination pursuant to a business combination agreement, dated as of July 18, 2021, as amended, by and among the Group, Investindustrial Acquisition Corp. (“IIAC”) and EZ Cayman, a wholly-owned subsidiary of the Group (“Zegna Merger Sub”), through a series of transactions as described below (the “Business Combination”). Effective November 1, 2021, Ermenegildo Zegna Holditalia S.p.A. transferred its activities related to design and style, brand, marketing, planning, retail management, human resources, finance and accounting, legal, information technology and internal audit and compliance, and transferred 197 employees out of a total 212 employees to EZ Service S.r.l. (“EZ Service”), a limited liability company based in Italy that was incorporated on October 1, 2021 and is fully owned by Ermenegildo Zegna N.V. Subsequent to this transfer the Company’s activities are primarily limited to holding investments in the subsidiaries of the Group and conducting certain administrative, treasury, internal control and investor relations activities. Also on November 1, 2021, Ermenegildo Zegna Holditalia S.p.A. completed the disposition of certain of its businesses (the “Disposition”), through the statutory demerger under Italian law to a new company owned by its existing shareholders. The Disposition included, inter alia, Ermenegildo Zegna Holditalia S.p.A.’s real estate business, consisting of its former subsidiary EZ Real Estate S.r.l. (“EZ Real Estate”), which directly and indirectly holds substantially all of the real estate assets formerly owned by the Group, as well as certain properties previously owned by Lanificio, and its 10% equity interest in Elah Dufour S.p.A. Most of the real estate properties directly or indirectly owned by EZ Real Estate were, and continue to be, leased to the Group also following the Disposition. The following transactions related to the Business Combination were completed on December 17, 2021: • Ermenegildo Zegna Holditalia S.p.A. implemented a cross-border conversion whereby it, by means of the execution of a Dutch notarial deed of cross-border conversion and amendment of its articles of association, converted into a Dutch public limited liability company (naamloze vennootschap) and transferred its legal seat from Italy to the Netherlands and amended its articles of association, upon which the Company changed its name to Ermenegildo Zegna N.V. (the “Conversion”); • In connection with the Conversion, the Company underwent a share split of 4,300,000 ordinary shares into 215,000,000 ordinary shares (the “Share Split”); • Zegna Merger Sub merged with and into IIAC, with IIAC being the surviving entity in the merger (the “Merger”), as a result of which: (a) each share of Zegna Merger Sub was converted into one IIAC ordinary share; (b) a total number of 44,443,659 IIAC class A shares and class B shares were contributed to the Company in exchange for an equivalent number of the Company ordinary shares, representing a capital increase of €397.8 million measured based on the closing price of IIAC’s shares of $10.14 per share on December 17, 2021; (c) 13,416,637 outstanding IIAC public warrants were converted to an equivalent number of the Company public warrants representing a right to acquire one the Company ordinary share. The public warrants were measured at fair value by using the Euro equivalent of the closing price of IIAC warrants on December 17, 2021, amounting to a total of €20,723 thousand; and (d) 5,900,000 IIAC private placement warrants were exchanged for an equivalent number of the Company private placement warrants representing a right to acquire one the Company ordinary share, while the remaining 800,000 IIAC private placement warrants were transferred by Strategic Holding Group S.à r.l. to the Ermenegildo Zegna Group and the Company issued a corresponding number of private placement warrants to certain of its directors. The private placement warrants were measured at fair value using a Monte Carlo simulation model, amounting to a total of €10,349 thousand; (e) The issuance of 5,031,250 the Company ordinary shares to the holders of IIAC class B shares to be held in escrow. The release of these shares from escrow is subject to achievement of certain targets within a seven-year period (“Escrow Shares”). The Escrow Shares were measured in accordance with IFRS 2 - Share-Based Payment (“IFRS 2”) using a Monte Carlo simulation model, amounting to a total of €37,906 thousand; • Pursuant to certain agreements between the Group and IIAC, the private investment in public equity investors (“PIPE Investors”) subscribed to an aggregate of 37,500,000 the Company ordinary shares for an aggregate purchase price of €331.4 million; • The Company repurchased 54,600,000 of its ordinary shares from the Group’s controlling shareholder, Monterubello s.s. (hereinafter “Monterubello”), in exchange for consideration of €455.0 million. • Transaction costs incurred by the Group in relation to the Business Combination amounted to €51.4 million (€2.9 million of which were paid in 2022), of which €17.3 million were recognized directly within equity and €34.1 million were recognized in the consolidated statement of profit and loss for the year ended December 31, 2021. The following table shows a breakdown of the net cash proceeds in 2021 from the Business Combination: (€ thousands) Proceeds from issuance of Ordinary Shares upon Business Combination 310,739 Proceeds from issuance of Ordinary Shares to PIPE Investors 331,385 Purchase of own shares from Monterubello (455,000) Payments of transaction costs related to the Business Combination (48,475) Net cash proceeds from the Business Combination 138,649 Following the completion of the Business Combination, on December 20, 2021, the Company’s ordinary shares and public warrants began trading on the New York Stock Exchange (“NYSE”) under the symbols “ZGN” and “ZGN WS,” respectively. Accounting for the Business Combination The Business Combination between the Group and IIAC was accounted for as a capital reorganization in accordance with International Financial Reporting Standards. For accounting purposes, the Business Combination was treated as the equivalent of the Company issuing shares for the net assets of IIAC, which were stated at historical cost, with no goodwill or other intangible assets recorded. It has been determined that IIAC does not meet the definition of a “business” pursuant to IFRS 3 — Business Combinations (“IFRS 3”), hence the transaction is accounted for within the scope of IFRS 2. In accordance with IFRS 2, the difference in the fair value of the Group’s equity instruments deemed issued to IIAC shareholders (measured based on the closing price of IIAC’s shares of $10.14 per share on December 17, 2021) over the fair value of identifiable net assets of IIAC represents a service for listing amounting to €114,963 thousand and was accounted for as a share-based payment expensed as incurred.

Basis of preparation

Basis of preparation	12 Months Ended
	Dec. 31, 2023
Basis of Preparation [Abstract]
Basis of preparation	2. Basis of preparation Statement of compliance with IFRS These consolidated financial statements of Ermenegildo Zegna N.V. 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. There is no effect on these consolidated financial statements resulting from differences between IFRS as issued by the IASB and IFRS as adopted by the European Union. These consolidated financial statements were approved and authorized for issue by the Board of Directors of Ermenegildo Zegna N.V. on April 4, 2024. Contents and structure of the Consolidated Financial Statements The consolidated financial statements include the consolidated statement of profit and loss, the consolidated statement of comprehensive income and loss, the consolidated statement of financial position, the consolidated cash flow statement, the consolidated statement of changes in equity and the accompanying notes (collectively referred to as the “Consolidated Financial Statements”). The financial reporting formats presented by the Group have the following characteristics: • starting in 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 has been reclassified compared to what was previously presented by the Group ; • the consolidated statement of comprehensive income and loss is presented as a separate statement and, in addition to presenting the components of profit and loss recognized directly in the consolidated statement of profit and loss during the period, presents the components of profit and loss not recognized in profit or loss as required or permitted by IFRS; • the consolidated statement of financial position presents assets and liabilities by current and non-current items. Current items are those expected to be realized within 12 months from the reporting date or to be sold or consumed in the normal operating cycle of the Group; • the consolidated cash flow statement has been prepared using the “indirect method,” as permitted by IAS 7 — Statement of Cash Flows (“IAS 7”), and presents cash flows by operating, investing and financing activities; • the consolidated statement of changes in equity presents the movements in shareholder’s equity. Starting in 2023, in the 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 year ended December 31, 2023 within these Consolidated Financial Statements have been reclassified compared to amounts previously presented by the Group; • the notes to the consolidated financial statements comprise a summary of the material accounting policy information and other explanatory information. In order to conform the note to the consolidated financial statements with the new presentation of the consolidated statement of profit and loss by function, the explanatory information for the year ended December 31, 2022 and 2021 has been modified compared to what was previously presented by the Group. The 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 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, as further described in the accounting policy information below. Income and expenses are accounted for on an accrual basis.

Summary of material accounting

Summary of material accounting policy information	12 Months Ended
	Dec. 31, 2023
Summary Of Accounting Policies [Abstract]
Summary of material accounting policy information	3. Summary of material accounting policy information 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 on or after January 1, 2023. Certain accounting policy disclosures were updated a result of the adoption of these amendments. 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. As a result of adopting the amendments the Group recognizes deferred taxes arising from lease accounting on a gross basis. 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 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. Please refer to Note 11 — Income taxes for additional information relating to Pillar Two model rules. New standards, amendments and interpretations not yet effective The standards, amendments and interpretations issued by the IASB that will have mandatory application in 2024 or subsequent years are listed below: In January 2020, the IASB issued amendments to IAS 1 — Presentation of Financial Statements: Classification of Liabilities as Current or Non-Current to clarify how to classify debt and other liabilities as current or non-current, and in particular how to classify liabilities with an uncertain settlement date and liabilities that may be settled by converting to equity. These amendments are effective on or after January 1, 2024. The Group does not expect any material impact from the adoption of these amendments. In September 2022, the IASB issued amendments to IFRS 16 — Leases: Liability in a Sale and Leaseback to improve the requirements for sale and leaseback transactions, which specify the measurement of the liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. These amendments are effective on or after January 1, 2024. The Group does not expect any material impact from the adoption of these amendments. In October 2022, the IASB issued amendments to IAS 1 — Presentation of Financial Statements: Non-current Liabilities with Covenants, that clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability. These amendments are effective on or after January 1, 2024. The Group does not expect any material impact from the adoption of these amendments. In May 2023, the IASB issued amendments to IAS 7 — Statement of Cash Flows and IFRS 7 — Financial Instruments: Disclosures: Supplier Finance Arrangements, that introduce new disclosure requirements to enhance the transparency and usefulness of the information provided by entities about supplier finance arrangements and are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The amendments are effective on or after January 1, 2024. The Group is evaluating the potential impact from the adoption of these amendments. In August 2023, the IASB issued amendments to IAS 21 — The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability, to clarify how an entity has to apply a consistent approach to assessing whether a currency is exchangeable into another currency and, when it is not, to determine the exchange rate to use and the disclosures to provide. These amendments are effective on or after January 1, 2025. The Group is evaluating the potential impact from the adoption of these amendments. Material accounting policy information Basis of consolidation Subsidiaries Subsidiaries are entities over which the Group has control. Control is achieved when the Group has the power over the investee, it is exposed, or has rights to, variable returns from its involvement with the investee, and has the ability to use its power to affect its returns. Subsidiaries are consolidated on a line by line basis from the date on which the Group obtains control. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Subsidiaries are deconsolidated from the date when control ceases. When the Group ceases to have control over a subsidiary, it derecognizes the assets (including any goodwill) and liabilities of the subsidiaries at their carrying amounts, derecognizes the carrying amount of non-controlling interests in the former subsidiary and recognizes the fair value of any consideration received from the transaction. Any retained interest in the former subsidiary is then remeasured to its fair value. The Group recognizes any non-controlling interests (“NCI”) in the acquiree on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interests’ share of the acquiree’s identifiable net assets. Net profit or loss and each component of other comprehensive income/(loss) are attributed to the owners of the parent and to the non-controlling interests. All intra-group balances and transactions and any unrealized gains and losses arising from intra-group transactions are eliminated in preparing the Consolidated Financial Statements. Foreign currency transactions The functional currency of the Group’s entities is the currency of their primary economic environment. Transactions in foreign currencies are recorded at the exchange rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the foreign currency exchange rate prevailing at that date. Exchange differences arising on the settlement of monetary items or on reporting monetary items at rates different from those at which they were initially recorded during the period or in previous financial statements are recognized in the consolidated statement of profit and loss. Consolidation of foreign entities Upon consolidation, all assets and liabilities of Group entities with a functional currency other than the Euro are translated using the closing rates at the date of the consolidated statement of financial position. Income and expenses are translated into Euro at the average foreign currency exchange rate for the period. Translation differences resulting from the application of this method are recognized within other comprehensive income/(loss) and accumulated in the currency translation reserve until the disposal of the investment, at which date the accumulated amount is reclassified to profit/(loss). Average foreign currency exchange rates for the period are used to translate the cash flows of foreign subsidiaries in preparing the consolidated statement of cash flows. Goodwill, assets acquired and liabilities assumed arising from the acquisition of entities with a functional currency other than the Euro are recognized in the Consolidated Financial Statements in the functional currency and translated at the foreign currency exchange rate at the acquisition date. These balances are translated at subsequent balance sheet dates at the relevant foreign currency exchange rate. The following table presents the principal foreign currency exchange rates used by the Group to translate other currencies into Euro: 2023 2022 2021 At December 31, Average At December 31, Average At December 31, Average U.S. Dollar 1.105 1.081 1.067 1.053 1.133 1.183 Swiss Franc 0.926 0.972 0.985 1.005 1.033 1.081 Chinese Renminbi 7.851 7.660 7.358 7.079 7.195 7.629 Pound Sterling 0.869 0.870 0.887 0.853 0.840 0.860 Hong Kong Dollar 8.631 8.465 8.316 8.245 8.833 9.193 Singapore Dollar 1.459 1.452 1.430 1.451 1.528 1.589 United Arab Emirates Dirham 4.058 3.971 3.917 3.867 4.160 4.344 Japanese Yen 156.330 151.990 140.660 138.027 130.380 129.877 South Korean Won 1,433.660 1,412.880 1,344.090 1,358.073 1,346.380 1,353.958 Interests in associates and in joint arrangements An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee without having control or joint control over those policies. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Associates and joint ventures are accounted for using the equity method of accounting, from the date significant influence or joint control is obtained, respectively. Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the profit/(loss) and other comprehensive income/(loss) of the investee. The Group’s share of the investee’s profit/(loss) is recognized in the consolidated statement of profit and loss. Distributions received from an investee reduce the carrying amount of the investment. Post-acquisition movements in other comprehensive income/(loss) are recognized in other comprehensive income/(loss) with a corresponding adjustment to the carrying amount of the investment. Unrealized gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. When the Group’s share of the losses of an associate or joint venture exceeds the carrying amount of the Group’s investment, the Group discontinues recognizing its share of further losses. Additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the related investee. The Group discontinues the use of the equity method from the date the investment ceases to be an associate or joint venture, or when it is classified as available-for-sale. Scope of consolidation Ermenegildo Zegna N.V. is the parent company of the Group and it holds, directly or indirectly, interests in the Group’s subsidiaries. The following table presents the Group’s scope of consolidation at December 31, 2023 and 2022: Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Companies consolidated on a line-by-line basis Parent company Ermenegildo Zegna N.V. Amsterdam (Netherlands) 9,153,722 Italian subsidiaries In.co. S.p.A. Biella 4,050,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Pelletteria Tizeta S.r.l. (3) Sesto Fiorentino (FI) 206,816 Ermenegildo Zegna N.V. (50%) / Tom Ford International LLC (50%) 100 % 50 % Lanificio Ermenegildo Zegna e Figli S.p.A. Valdilana (BI) 3,100,000 Ermenegildo Zegna N.V. 100 % 100 % Ezi S.p.A. Milan 5,750,000 Ermenegildo Zegna N.V. 100 % 100 % EZ Service S.r.l. Valdilana (BI) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Bonotto S.p.A. Colceresa (VI) 1,239,600 Ermenegildo Zegna N.V. 60 % 60 % Cappellificio Cervo S.r.l. Biella 300,000 Ermenegildo Zegna N.V. 51 % 51 % Thom Browne Services Italy S.r.l. Milan 10,000 Thom Browne Trading SA 90 % 90 % Thom Browne Retail Italy S.r.l. Milan 10,000 Thom Browne Services Italy S.r.l. 90 % 90 % Gruppo Dondi S.p.A. Carpi (MO) 1,502,800 Ermenegildo Zegna N.V. 65 % 65 % Tessitura Ubertino S.r.l. Valdilana (BI) 100,000 Ermenegildo Zegna N.V. 60 % 60 % Tom Ford Distribution S.r.l. (3) Sesto Fiorentino (FI) 117,616 Tom Ford Switzerland Sagl (85.02%) / Tom Ford International LLC (14.98%) 100 % — % Foreign subsidiaries Investindustrial Acquisition Corp. (“IIAC”) (6) Cayman Islands 5,614 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Giyim Sanayi ve Tic. A. S. Istanbul (Turkey) 32,291,439 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna H.m.b.H. Wien (Austria) 610,000 Ermenegildo Zegna N.V. 100 % 100 % Société de Textiles Astrum France S.à.r.l. Paris (France) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna GmbH Munich (Germany) 6,577,421 Ermenegildo Zegna N.V. 100 % 100 % Zegna Japan Co., LTD Minato-Ku-Tokyo (Japan) 100,000,000 Ermenegildo Zegna N.V. 100 % 100 % Fantasia (London) Limited London (UK) 499,800 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna S.A. de C.V. Ciudad de Mexico (Mexico) 459,600,000 Ermenegildo Zegna N.V. 100 % 100 % Ezeti Portugal. S.A. Lisbon (Portugal) 800,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Madrid S.A. Barcelona (Spain) 901,500 Ezeti S.L. 70 % 70 % Ezeti S.L. Barcelona (Spain) 500,032 Italco S.A. 100 % 100 % Italco S.A. Sant Quirze (Spain) 1,911,300 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Czech s.r.o Prague (Czech Republic) 1,350,000 Ermenegildo Zegna N.V. 100 % 100 % Co.Ti. Service S.A. Stabio (Switzerland) 27,940,000 Ermenegildo Zegna N.V. 100 % 100 % Consitex S.A. Stabio (Switzerland) 15,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Corporation New York, NY 500,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna (China) Enterprise Management Co., Ltd. Shanghai (China) 58,309,140 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (China) Co., LTD Shanghai (China) 50,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ismaco Amsterdam B.V. (6) Amsterdam (Netherlands) 226,890 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Far-East Pte LTD Singapore 21,776,432 Consitex S.A. 100 % 100 % Ermenegildo Zegna Hong Kong LTD Hong Kong 538,240,000 Ermenegildo Zegna N.V. 100 % 100 % E.Z. Trading (Hong Kong) LTD Hong Kong 82,120,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Canada Inc. Toronto (Canada) 700,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Ermenegildo Zegna Australia PTY LTD Sydney (Australia) 18,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % E. Z. New Zealand LTD Auckland (New Zealand) 5,800,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Argentina S.A. Buenos Aires (Argentina) 9,421,014 Ermenegildo Zegna N.V. / Italco S.A. 100 % 100 % E. Z. Thai Holding Ltd Bangkok (Thailand) 3,000,000 Ermenegildo Zegna N.V. 49 % 49 % The Italian Fashion Co. LTD Bangkok (Thailand) 16,000,000 E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD 65 % 65 % Zegna South Asia Private LTD Mumbai (India) 902,316,770 Ermenegildo Zegna N.V. 51 % 51 % ISMACO TEKSTİL LİMİTED ŞİRKETİ Istanbul (Turkey) 10,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Brasil Participacoes LTDA San Paolo (Brazil) 77,481,487 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (Macau) LTD Kowloon Bay (Hong Kong) 4,650,000 Consitex S.A. 100 % 100 % Ermenegildo Zegna Malaysia Sdn. Bhd. Kuala Lumpur (Malaysia) 3,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % Ermenegildo Zegna Maroc S.A.R.L.A.U. Casablanca (Morocco) 530,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Vietnam LLC Hanoi City (Vietnam) 132,294,900,000 Ermenegildo Zegna N.V. 90 % 90 % Zegna Gulf Trading LLC Dubai (UAE) 300,000 Consitex S.A. 49 % 49 % EZ US Holding Inc. Wilmington (U.S.A.) 1,000,099 Ermenegildo Zegna N.V. 100 % 100 % E.Zegna Attica Single Member Societé Anonyme Athens (Greece) 650,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna for Retail of Readymade and Novelty Clothes W.L.L. Kuwait City (Kuwait) 125,000 Zegna Gulf Trading LLC 49 % 49 % Zegna Denmark ApS (2) Aarhus (Denmark) 400,000 Ermenegildo Zegna N.V. 100 % — % EZ CA Holding Corp. Toronto (Canada) 1,000 Ermenegildo Zegna N.V. 100 % — % Thom Browne Inc. Wilmington (U.S.A.) 5,510 Ermenegildo Zegna N.V. 90 % 90 % Thom Browne Japan Inc. Tokyo (Japan) 1,000,000 Thom Browne Inc. 90 % 90 % Thom Browne Trading SA Stabio (Switzerland) 100,000 Thom Browne Inc. 90 % 90 % Thom Browne France Services Paris (France) 50,000 Thom Browne Trading SA 90 % 90 % Thom Browne UK Limited Beckenham (UK) 1 Thom Browne Trading SA 90 % 90 % Thom Browne (China) Co., Ltd. (*) Shanghai (China) 900,000 Thom Browne Trading SA 90 % 90 % Thom Browne (Macau) Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Canada Vancouver (Canada) 100 Thom Browne Trading SA 90 % 90 % Thom Browne Hong Kong Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear (T.B.E.) SA Stabio (Switzerland) 1,000,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear France SAS Paris (France) 40,000 Thom Browne Eyewear SA 90 % 90 % Thom Browne Korea Ltd. (5) Seoul (South Korea) 100,000,000 Thom Browne Trading SA 90 % — % Tom Ford International LLC (3) Delaware (U.S.A.) 10,000,000 EZ US Holding Inc 100 % 15 % Tom Ford Switzerland (3) Stabio (Switzerland) 1,000,000 Tom Ford International LLC 100 % — % Tom Ford Showroom Limited (3) London (UK) 1 Tom Ford Distribution S.r.l. 100 % — % Tom Ford Retail UK Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Studio Limited (3) London (UK) 50,000 Tom Ford International LLC 100 % — % Tom Ford Property Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Retail LLC (3) New York (U.S.A.) 2,060,000 Tom Ford International LLC 100 % — % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Tom Ford Retail Hong Kong Limited (3) Hong Kong 300,000 Tom Ford International LLC 100 % — % Tom Ford Hong Kong Limited (3) Hong Kong 1,000 Tom Ford International LLC 100 % — % Tom Ford Retail Macau Limited (3) Macau 25,000 Tom Ford Retail Hong Kong Limited (96%) / Tom Ford Hong Kong Limited (4%) 100 % — % Tom Ford Retail Korea (Yuhan Hoesa) (3) Seoul (Korea) 50,000,000 Tom Ford International LLC 100 % — % Tom Ford Retail Japan GK (Godo Kaisha) (3) Tokyo (Japan) 10,000,000 Tom Ford International LLC 100 % — % Tom Ford Clothing Retail Shanghai Company Limited (3) Shanghai (China) 13,500,000 Tom Ford Retail Hong Kong Limited 100 % — % Italian associates and joint arrangements Filati Biagioli Modesto S.r.l. Montale (PT) 7,900,000 Ermenegildo Zegna N.V. 40 % 40 % Luigi Fedeli e Figlio S.r.l. (7) Monza (MB) 3,358,000 Ermenegildo Zegna N.V. 15 % — % Foreign associates and joint arrangements Norda Run Inc (1) Toronto (Canada) 9,696,528 EZ CA Holding Corp. 25 % — % Other investments valued at fair value Acquedotto Piancone S.r.l. Valdilana (BI) 42,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 67 % 67 % Pettinatura di Verrone S.r.l. Verrone (BI) 3,000,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 15 % 15 % Sharmoon.EZ.Garments Co. Ltd Wenzhou (China) 100,000,000 Ermenegildo Zegna N.V. 50 % 50 % F2 S.r.l. Schio (VI) 90,000 Bonotto S.p.A. 29 % 29 % Consorzio Re.Crea (4) Milan 712,000 Ermenegildo Zegna N.V. 15 % 17 % _________________ (*) Formerly known as Tailoring Luxury Co. Ltd. The following changes in the scope of consolidation of the Group occurred during the year ended December 31, 2023: (1) 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. (2) 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 December 31, 2023. (3) In April 2023, the Group completed 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 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 . (4) In 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. (5) In March 2023, Thom Browne Korea Ltd., a limited liability company fully owned by Thom Browne Trading SA, was incorporated. On July 1, 2023, Thom Browne began directly operating its business in South Korea and its network of 17 stores through the company, with the external support from the former franchise partner. The Group held a 90% interest in the company at December 31, 2023. (6) On April 6, 2023 and April 20, 2023, respectively, Investindustrial Acquisition Corp. and Ismaco Amsterdam B.V. were liquidated. (7) On September 5, 2023, Ermenegildo Zegna Group 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. The Group paid consideration of €4.7 million for 15% of the company. The Group accounts for this investment under the equity method based on its representation on the board of directors of the company and its participation in policy-making processes. Property, plant and equipment Cost Property, plant and equipment is initially recognized at cost, which comprises the purchase price, any costs directly attributable to bringing the assets to the location and condition necessary to be capable of operating in the manner intended by management, capitalized borrowing costs and any initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Self-constructed assets are initially recognized at their production cost, including labor costs. Subsequent costs are capitalized only if they increase the future economic benefits embodied in the related assets. All other expenditures are expensed as incurred. When parts are replaced, the carrying amount of the parts that are replaced are written off in the consolidated statement of profit and loss. Property, plant and equipment is presented net of accumulated depreciation, calculated on the basis of the useful lives of the assets, and any impairment losses. Depreciation Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows: Category of Property, Plant and Equipment Depreciation Rate Buildings 3% - 10% Plants and machinery 12.5% - 17.5% Industrial and commercial equipment 20% - 25% Leasehold improvements 10.0% - 25.0% Other tangible assets 10% - 25% Land and assets under construction are not depreciated. If the asset being depreciated consists of separately identifiable components whose useful life differs from that of the other parts making up the asset, depreciation is charged separately for each of its component parts through application of the “component approach.” Property, plant and equipment is tested for impairment when impairment indicators are identified, such as a scheduled closure of a store or site, a redundancy plan or a downward revision of market forecasts. When an asset’s recoverable amount is less than its net carrying amount, an impairment loss is recognized. Where the recoverable amount of an individual asset cannot be determined precisely, the Group determines the recoverable amount of the cash-generating unit (“CGU”) or group of CGUs to which the asset belongs. Any gain or loss on disposal of property, plant and equipment is recognized in profit or loss. Intangible assets with an indefinite useful life Goodwill and brands with an indefinite useful lives Goodwill originated on acquisitions of subsidiaries and brands with an indefinite useful lives that are acquired separately are initially recognized in accordance with IFRS 3 — Business Combinations , as further described below, and are recorded within intangible assets. In accordance with IAS 36 — Impairment of assets (“IAS 36”), goodwill and brands with an indefinite useful lives are not amortized and are tested for impairment annually, or more frequently if facts or circumstances indicate that the asset may be impaired. Goodwill and brands with an indefinite useful lives are allocated to each of the Group’s CGUs (or groups of CGUs) expected to benefit from the synergies of the combination. CGUs (or groups of CGUs) to which goodwill and brands with an indefinite useful lives have been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired, in order to verify that the recoverable amount of the CGU (or groups of CGUs) is not less than the carrying amount of the CGU (or groups of CGUs). The recoverable amount of all CGUs and groups of CGUs is based on a value in use calculation which uses cash flow projections based on most recent budget forecast calculations, which are prepared separately for each CGU and approved by management. These budget and forecast calculations generally cover a period of three years. A long-term growth rate is calculated and applied to project future cash flows after the third year. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Intangible assets with a finite useful life An identifiable non-monetary asset without physical substance, controlled by the Group and capable of producing future economic benefits is recognized as intangible assets. Intangible assets with a finite useful life include trademarks, licenses, software, and development costs. Concession, licenses, trademarks and patents Concession, licenses, trademarks and patents are recognized at cost or at the value attributed upon acquisition and include the cost of trademark registration in the various countries in which the Group operates, assuming there are no risks or limitations on control over their use. Software Software acquired as part of recurring operations and software developed in-house by the Group which meet the relevant criteria in IAS 38 — Intangible Assets (“IAS 38”) are capitalized and amortized on a straight-line basis over their useful lives. Know how As a result of the acquisition of Tessitura Ubertino in June 2021, the Group recognized intangible assets relating to know how, which were initially recognized at their fair value at the date of acquisition and will be amortized over a 5 year period. Development costs Development costs are recognized as an asset if, and only if, both of the following conditions in IAS 38 are met: (i) that development costs can be measured reliably and (ii) that the technical feasibility of the product, volumes and pricing support the view that the development expenditure will generate future economic benefits. Capitalized development costs include all direct and indirect costs that may be directly attributed to the development process. All other research and development costs are expensed as incurred. Intangible assets with a definite useful life are amortized on a straight-line basis at the following rates: Category of Intangible Assets with a Finite Useful Life Depreciation Rate Concessions, licenses, trademarks and patents 2.5% - 25.0% Software 10% - 33% Know how 20% Development costs and other intangibles 10% - 33% The Group continuously monitors its operations to assess whether there is any indication that its intangible assets with a definite useful life (including intangible assets in progress) are impaired. See “ —Impairment of non-current assets ” below for additional information . Leases The Group recognizes a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use. Each lease payment is allocated between the principal liability and finance costs. Finance costs are charged to the statement of profit and loss over the lease period using the effective interest rate method. Right-of-use assets are depreciated on a straight-line basis over the lease term or, if shorter, the useful life of the asset. Right-of-use assets are measured at cost comprising the following: (i) the amount of the initial measurement of lease liability; (ii) any lease payments made at or before the commencement date less any lease incentives received; (iii) any initial direct costs and, if applicable, (iv) restoration costs. Payments associated with short- term leases (less than 12 months at inception) and leases of low-value assets are recognized as an expense

Key sources of estimation uncer

Key sources of estimation uncertainty, use of estimates and critical accounting judgments	12 Months Ended
	Dec. 31, 2023
Use of Estimates [Abstract]
Key sources of estimation uncertainty, use of estimates and critical accounting judgments	4. Key sources of estimation uncertainty, use of estimates and critical accounting judgments The preparation of the Consolidated Financial Statements in accordance with IFRS requires the use of estimates and assumptions, and may involve the application of judgment in applying the Group’s accounting policy information, that affect the carrying amounts of assets and liabilities (as well as the assessment of contingent assets and liabilities) and the amount of income and expenses recognized. The estimates and assumptions are based on historical experience and on any other factors that are considered to be relevant. Actual results might not fully correspond to estimates. The estimates and underlying assumptions are reviewed continuously by the Group. The effects of any changes to accounting estimates are recognized in the consolidated statement of profit and loss in the period in which the adjustment is made, or prospectively in future periods. Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty, requiring estimates for which there is a risk that a material difference may arise in respect of the carrying amounts of assets and liabilities in the future are discussed below and in the related notes. Impairment of non-current assets with definite useful lives Non-current assets with definite useful lives include property, plant and equipment, right-of-us assets and intangible assets. The Group periodically reviews the carrying amount of non-current assets with definite useful lives when events and circumstances indicate that an asset may be impaired. Impairment tests are performed by comparing the carrying amount and the recoverable amount of the CGU. The recoverable amount is the higher of the CGU’s fair value less costs of disposal and its value in use. In assessing the value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the CGU. For additional information please refer to Note 14 — Intangible assets, Note 15 — Property, plant and equipment and Note 16 — Right-of-use assets. Recoverability of goodwill and brands with indefinite useful life In accordance with IAS 36 — Impairment of Assets (“IAS 36”), goodwill and brands with indefinite useful life are not amortized and are tested for impairment annually or more frequently if facts or circumstances indicate that the asset may be impaired. The impairment test is performed by comparing the carrying amount and the recoverable amount of the CGU. The recoverable amount of the CGU is the higher of its fair value, less costs of disposal and its value in use. For additional information please refer to Note 14 — Intangible assets. Use of estimates Items requiring estimates (in addition to those described above) for which there is a risk that a material difference may arise in respect of the carrying amounts of assets and liabilities in the future are discussed below and in the related notes. Derivatives Fair value of derivatives not traded in an active market is determined using a mark-to-model valuation technique. Where active markets exist for its component parts, then fair value is determined on the basis of the relevant market prices for the component parts. Financial liabilities for put options granted to non-controlling interests are measured based on the present value of the exercise price of the option. The liability is subsequently remeasured at fair value at the end of each period. Valuation techniques that are based on significant inputs that are observable are referred to as Level 2 valuations, while those based on techniques that use significant unobservable inputs are referred to as Level 3 valuations. Estimates and assumptions are made with the support of the corporate functions and, where appropriate, of independent specialists, and are regularly reviewed. For additional information please refer to Note 21 — Derivative financial instruments. Provisions for obsolete inventory Since the Group’s products are subject to market trends and changes in fashion trends, product inventories at the end of the season are subject to impairment. Specifically, the provision for obsolete inventory of finished products reflects management’s estimate of the expected impairment losses on the products of the collections of previous seasons, considering the ability to sell them through the Group’s various distribution channels. Generally, impairment assumptions involve percentages of impairment that become greater the older the collections are, so as to reflect the decline in selling prices in secondary channels (mainly outlets), and on the other hand, the decrease in the probability of selling them as time goes by. The provision for obsolete raw materials reflects management’s estimates of the decline in the probability they will be used based on the calculation of slow-moving raw materials. For additional information please refer to Note 19 — Inventories. Recoverability of deferred tax assets The deferred tax assets are recognized on the premise that it is more likely than not that the Group will be able to generate sufficient and suitable future taxable profits from which the reversal of the asset can be deducted. If the Group is unable to generate sufficient taxable profits in certain jurisdictions, or if there is a significant change in the actual effective tax rates or the time period within which the underlying temporary differences become taxable or deductible, the Group could be required to write-off any deferred tax assets, resulting in an increase in its effective tax rate and an adverse impact on future operating results. For additional information please refer to Note 11 — Income taxes . Provision for risks and charges The Group recognizes a liability when facing legal and tax dispute and lawsuits if it believes it is probable that they will require an outflow of financial resources and a reliable estimate can be made of the amount of the potential losses. Given the uncertainty surrounding the outcome of these proceedings, it is hard to reliably estimate the outflow of resources that will be required to settle them, therefore the amount of the provisions for legal and tax disputes may change as a result of future developments in the outstanding proceedings. The Group monitors the status of ongoing lawsuits and proceedings and consults with its legal advisors as well as legal and tax experts. For additional information please refer to Note 30 — Provisions for risks and charges. Fair value estimates Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. IFRS 13 — Fair value measurement (“IFRS 13”) establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. For additional information please refer to Note 34 — Fair value measurement. Warrants Warrants give the holder the right, but not the obligation, to subscribe to the Company’s shares at a fixed price for a specified period of time and subject to the terms of redemption. Until warrant holders acquire the Company’s ordinary shares upon exercise of such warrants, they will have no rights with respect to the Company’s shares. These instruments, principally due to an option to replace them upon specific events, including share dividends, extraordinary dividends or reorganizations, which results in the Company delivering a variable number of shares, are accounted for as a current financial liability through profit and loss in accordance with the provisions of IAS 32. Management measured the public warrants at fair value by using the Euro equivalent of the closing price of warrants on the NYSE. Management estimated the fair value of the private warrants by Monte Carlo simulation model, using as key inputs the Company’s share price, risk-free rate, implied public warrant volatility, the warrants’ maturity, and the public warrants’ market price. On February 27, 2023 the Group completed the redemption of its outstanding public and private placement warrants, following which there are no remaining public or private placement warrants outstanding. For additional information relating to the Warrant Redemption see Note 28 — Other current and non-current financial liabilities . Critical judgments in applying the Group's accounting policies The following are the critical judgments, apart from those involving estimations (which are presented separately above), that the Group has made in the process of applying its accounting policies and that have the most significant effect on the amounts recognized in the Consolidated Financial Statements. For the year ended December 31, 2022 and 2021, the Group had applied judgment in determining that it has significant influence over Tom Ford International LLC (“TFI”), despite the Group owned 15% of the equity shares of TFI. In making its judgment, the Group determined that it had significant influence in accordance with IAS 28— Investments in Associates and Joint Ventures (“IAS 28”) based on its representation on the board of directors of TFI and its the participation in policy-making processes. Furthermore, there are material transactions between the Group and TFI. As a result of this determination, the Group accounted for the investment in TFI under the equity method until the TFI Acquisition on April 28, 2023, at which point TFI was consolidated by the Group. For the year ended December 2023, the Group had applied judgment in determining that it has significant influence over Luigi Fedeli e Figlio S.r.l., despite the Group owned 15% of the equity shares of the company. ln making its judgment, the Group determined that it had significant influence in accordance with IAS 28— Investments in Associates and Joint Ventures (“IAS 28”) based on its representation on the board of directors of the company and its the participation in policy-making processes. As a result of this determination, the Group accounted for the investment in Luigi Fedeli e Figlio S.r.l. under the equity method. For additional information, see Note 17 — Investments accounted for using the equity method .

Segment reporting

Segment reporting	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Segment reporting	5. 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: 1. Zegna segment — Includes all activities related to the ZEGNA branded products, Textile and Third Party Brands product lines. 2. Thom Browne segment — Includes all activities related to the Thom Browne brand. 3. 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 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, severance indemnities and provisions for severance expenses, legal costs for trademark dispute, costs related to the Business Combination, net impairment of leased and owned store, special donations for social responsibility and net (income)/costs related to lease agreements. 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 the year ended December 31, 2021 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 year ended December 31, 2021. As a result of organizational changes within the Group and changes in the information provided to the CODM for the purposes of making strategic decisions relating to the assessment of performance and the allocation of resources, revenues from Pelletteria Tizeta which were allocated to the Zegna segment in the Semi-Annual Report at and for the six month ended June 30, 2023, are now presented within the Tom Ford Fashion segment for the year ended December 31, 2023. 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 years ended December 31, 2023, 2022 and 2021. For the year ended December 31, 2023 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,290,608 378,410 235,531 — — 1,904,549 Inter-segment revenues 31,437 1,877 13 — (33,327) — Revenues 1,322,045 380,287 235,544 — (33,327) 1,904,549 Depreciation and amortization (139,902) (27,214) (26,008) (46) — (193,170) Adjusted EBIT 193,466 58,969 (1,741) (30,423) (59) 220,212 Transaction costs related to acquisitions (1) (6,001) Severance indemnities and provisions for severance expenses (2) (4,002) Legal costs for trademark dispute (3) (2,168) Costs related to the Business Combination (4) (2,140) Net impairments of leased and owned stores (5) (1,782) Special donations for social responsibility (6) (100) Net income related to lease agreements (7) 4,129 Financial income 37,282 Financial expenses (68,121) Foreign exchange losses (5,262) Result from investments accounted for using the equity method (2,953) Profit before taxes 169,094 ______________ (1) Relates to transaction costs of €6,001 thousand for consultancy and legal fees, primarily related to the TFI Acquisition and, to a lesser extent, the acquisition of the Thom Browne business in South Korea and the acquisition of a 25% interest in Norda. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate for €5,738 thousand and to the Thom Browne segment for €263 thousand. (2) Relates to severance indemnities of €4,002 thousand. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment for €1,166 thousand and to the Tom Ford Fashion segment for €2,836 thousand. (3) Relates to legal costs of €2,168 thousand in connection with defending a legal dispute initiated by adidas alleging that Thom Browne infringe its intellectual property rights. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Thom Browne segment. (4) Costs related to the Business Combination of €2,140 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 is recorded within “selling, general and administrative expenses” for €2,034 thousand and “cost of sales” for €106 thousand in the consolidated statement of profit and loss and relates to the Zegna segment for €1,066 thousand, to the Thom Browne segment for €98 thousand and to Corporate for €976 thousand. (5) Net impairment of leased and owned stores includes (i) impairment of €915 thousand related to property, plant and equipment, (ii) impairment of €832 thousand related to right-of-use assets and (iii) impairment of €35 thousand, related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Tom Ford Fashion segment for €910 thousand, to the Zegna segment for €855 thousand and to Thom Browne segment for €17 thousand. (6) Relates to a donation of €100 thousand to support initiatives related to humanitarian emergencies in Turkey. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (7) Net income related to lease agreements of €4,129 thousand relates to the derecognition of lease liabilities following a change in terms of a lease agreement in Hong Kong. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment . For the year ended December 31, 2022 (€ thousands) Zegna Thom Browne Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,162,826 330,014 — — 1,492,840 Inter-segment revenues 13,880 877 — (14,757) — Revenues 1,176,706 330,891 — (14,757) 1,492,840 Depreciation and amortization (148,747) (23,129) (6) — (171,882) Adjusted EBIT 141,513 48,077 (31,861) — 157,729 Legal costs for trademark dispute (1) (7,532) Transaction costs related to acquisitions (2) (2,289) Severance indemnities and provisions for severance expenses (3) (2,199) Costs related to the Business Combination (4) (2,137) Net impairment of leased and owned stores (5) (1,639) Special donations for social responsibility (6) (1,000) Net income related to lease agreements (7) 6,844 Financial income 13,320 Financial expenses (54,346) Foreign exchange losses (7,869) Result from investments accounted for using the equity method 2,199 Profit before taxes 101,081 ______________ (1) Relates to legal costs of €7,532 thousand in connection with a legal dispute between adidas and Thom Browne, primarily in relation to the use of trademarks. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Thom Browne segment. (2) Relates to transaction costs of €2,289 thousand for consultancy and legal fees related to the TFI Acquisition. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (3) Relates to severance indemnities of €2,199 thousand. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment . (4) Costs related to the Business Combination of €2,137 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 is recorded within “selling, general and administrative expenses” for €2,099 thousand and “cost of sales” for €38 thousand in the consolidated statement of profit and loss and relates to the Zegna segment for €1,101 thousand, to the Thom Browne segment for €98 thousand and to Corporate for €938 thousand. For additional information please refer to Note 37 — Share-based payments . (5) Net impairment of leased and owned stores includes (i) impairment of €2,369 thousand related to right-of-use assets, (ii) reversals of impairment of €756 thousand related to property, plant and equipment and (iii) impairment of €26 thousand related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Zegna segment for a net impairment of €819 thousand and to the Thom Browne segment for impairment of €820 thousand. (6) Relates to a donation of €1,000 thousand to the United Nations High Commissioner for Refugees (UNHCR) to support initiatives related to the humanitarian emergency in Ukraine. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (7) Net income related to lease agreements relate entirely to the Zegna segment and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and include (i) proceeds of €6,500 thousand received from new tenants in order for the Group to withdraw from existing lease agreements of commercial properties and (ii) €950 thousand for reversals of previously recognized provisions in respect of a legal claim related to a lease agreement in the United States, partially offset by (ii) €606 thousand for costs related to a sublease agreement in the United States. For the year ended December 31, 2021 (€ thousands) Zegna Thom Browne Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,029,005 263,397 — — 1,292,402 Inter-segment revenues 6,170 669 — (6,839) — Revenues 1,035,175 264,066 — (6,839) 1,292,402 Depreciation and amortization (137,500) (17,173) (2) — (154,675) Adjusted EBIT 131,929 38,097 (20,911) — 149,115 Costs related to the Business Combination (1) (205,059) Net costs related to lease agreements (2) (15,512) Severance indemnities and provisions for severance expenses (3) (8,996) Net impairment of leased and owned stores (4) (8,692) Other adjustments (5) (4,884) Financial income 45,889 Financial expenses (43,823) Foreign exchange gains (7,791) Result from investments accounted for using the equity method 2,794 Loss before taxes (96,959) ______________ (1) Costs related to the Business Combination in 2021 include: (a) €114,963 thousand relating to share-based payments for listing services recognized as the excess of the fair value of the Company ordinary shares issued as part of the Business Combination and the fair value of IIAC’s identifiable net assets acquired, in accordance with IFRS 2. (b) €37,906 thousand for the issuance of 5,031,250 the Company ordinary shares to the holders of IIAC class B shares to be held in escrow. The release of these shares from escrow is subject to achievement of certain targets within a seven-year period. (c) €34,092 thousand for transaction costs related to the Business Combination incurred by the Group, including costs for bank services, legal advisors and other consultancy fees. (d) €10,916 thousand for the Zegna family’s grant of a €1,500 special gift to each employee of the Group as result of the Company’s listing completed on December 20, 2021. (e) €5,380 thousand relating to grant of performance share units, which each represent the right to receive one ordinary share of the Company, to the Group’s Chief Executive Officer, other directors of the Group, key executives with strategic responsibilities and other employees of the Group, all subject to certain vesting conditions. For additional information please refer to Note 37 — Share-based payments . (f) €1,236 thousand related to the fair value of private warrants issued, pursuant to the Business Combination, to certain non-executive directors of the Group. (g) €566 thousand related to the write-off of non-refundable prepaid premiums for directors’ and officers’ insurance. These amounts are recorded within “selling, general and administrative expenses” for €200,961 thousand, within “cost of sales” for €4,086 thousand and “marketing expenses” for €12 thousand in the consolidated statement of profit and loss and are related to Corporate for €190,996 thousand, to the Zegna segment for €13,028 thousand and to the Thom Browne segment for €1,035 thousand . (2) Net costs related to lease agreements in 2021 relate entirely to the Zegna segment and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and include (i) €12,192 thousand of provisions relating to a lease agreement in the United States following an unfavorable legal claim judgment against the Group, (ii) €1,492 thousand of legal expenses related to a lease agreement in Italy and (iii) €1,829 thousand in accrued property taxes related to a lease agreement in the UK. (3) Relates to severance indemnities incurred by the Zegna segment of €8,996 thousand and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss. (4) Net impairment of leased and owned stores in 2021 includes impairment of (i) €6,486 thousand related to right-of-use assets, (ii) €2,167 thousand related to property, plant and equipment and (iii) €39 thousand related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Zegna segment. (5) Other adjustments for the year ended December 31, 2021 include €6,006 thousand related to losses incurred by Agnona subsequent to the Group’s sale of a majority stake in Agnona in January 2021, for which the Group was required to compensate the company in accordance with the terms of the related sale agreement, as well as €144 thousand relating to the write down of the Group’s remaining 30% stake in Agnona, both of which relate to Corporate, partially offset by other income generated by the Zegna segment of €1,266 thousand relating to the sale of rights to build or develop airspace above a building in the United States. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss. The following table summarizes non-current assets (other than financial instruments and deferred tax assets) by geography at December 31, 2023 and 2022. At December 31, (€ thousands) 2023 2022 EMEA (1) 359,174 281,749 of which Italy 211,394 178,714 North America (2) 739,044 549,634 of which United States (3) 730,090 546,362 Latin America (4) 4,926 5,147 APAC (5) 181,455 143,673 of which Greater China Region 113,134 103,621 of which Japan 18,415 21,339 of which South Korea (6) 27,624 — Total non-current assets (other than financial instruments and deferred tax assets) 1,284,599 980,203 __________________ (1) EMEA includes Europe, the Middle East and Africa. (2) North America includes the United States of America and Canada. (3) Non-current assets in the United States at December 31, 2023 and 2022 included goodwill of €206,699 thousand and €214,141 thousand, respectively, and intangible assets with an indefinite useful life relating to the Thom Browne brand of €162,832 thousand and €168,694 thousand, respectively, which originated on acquisition of the Thom Browne Group in 2018. For additional information see Note 14 — Intangible assets. (4) Latin America includes Mexico, Brazil and other Central and South American countries. (5) APAC includes the Greater China Region, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. (6) Non-current assets in South Korea at December 31, 2023 included goodwill of €24,003 thousand originated on acquisition of the Thom Browne business in South Korea in 2023. For additional information see Note 14 — Intangible assets Non-current assets (other than financial instruments and deferred tax assets) in the Netherlands, the Company’s country of domicile, amounted to €1,328 thousand and €1,909 thousand at December 31, 2023 and 2022, respectively.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenues	6. Revenues The Group 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 years ended December 31, (€ thousands) 2023 2022 2021 ZEGNA branded products (1) 1,109,491 923,942 847,311 Thom Browne 378,410 330,014 263,397 TOM FORD FASHION 235,531 — — Textile 150,986 136,769 102,244 Third Party Brands 25,343 97,792 74,957 Other 4,788 4,323 4,493 Total revenues 1,904,549 1,492,840 1,292,402 _________________ (1) ZEGNA branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties. The following table provides a breakdown of revenues by distribution channel: For the years ended December 31, (€ thousands) 2023 2022 2021 Direct to Consumer (DTC) ZEGNA branded products 945,313 772,505 712,862 Thom Browne 183,422 145,702 138,567 TOM FORD FASHION 136,291 — — Total Direct to Consumer (DTC) 1,265,026 918,207 851,429 Wholesale ZEGNA branded products 164,178 151,437 134,449 Thom Browne 194,988 184,312 124,830 TOM FORD FASHION 99,240 — — Third Party Brands and Textile 176,329 234,561 177,201 Total Wholesale 634,735 570,310 436,480 Other 4,788 4,323 4,493 Total revenues 1,904,549 1,492,840 1,292,402 The following table provides a breakdown of revenues by geographic area: For the years ended December 31, (€ thousands) 2023 2022 2021 EMEA (1) 658,694 520,226 380,325 of which Italy 281,793 224,342 158,722 of which UK 70,191 53,970 37,682 of which UAE 68,729 50,926 32,944 North America (2) 417,352 294,686 191,283 of which United States 384,544 270,312 176,059 Latin America (3) 37,538 29,889 19,971 APAC (4) 788,007 644,802 696,344 of which Greater China Region 595,515 494,110 588,876 of which Japan 84,990 65,445 55,479 Other (5) 2,958 3,237 4,479 Total revenues 1,904,549 1,492,840 1,292,402 _______________ (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 revenues mainly include royalties. Revenues in the Netherlands, the Company’s country of domicile, amounted to €15,505 thousand, €8,701 thousand and €6,320 thousand for the years ended December 31, 2023, 2022 and 2021, respectively.

Cost of sales

Cost of sales	12 Months Ended
	Dec. 31, 2023
Profit or loss [abstract]
Cost of sales	7. Cost of sales Cost of sales in 2023, 2022 and 2021 amounted to €680,235 thousand, €564,832 thousand and €495,702 thousand, respectively, consisting of costs directly related to the production, procurement and supply of goods and services, including direct labor costs, costs for raw materials and components used to manufacture the Group’s products (such as fibers and yarns of wool, silk, cotton, linen, cashmere and fabrics of the same composition, as well as leather), costs for semi-finished products, finished goods, consumables and outsourced manufacturing from third parties. Cost of sales also includes depreciation, amortization and impairment of assets used for production, lease expenses, maintenance, write downs of inventory, freight and duty, and other production related costs, including manufacturing overhead. The remaining costs mainly include insurance and transportation costs.

Selling, general and administra

Selling, general and administrative expenses	12 Months Ended
	Dec. 31, 2023
Profit or loss [abstract]
Selling, general and administrative expenses	8. Selling, general and administrative expenses Selling, general and administrative expenses in 2023, 2022 and 2021 amounted to €901,364 thousand, €695,084 thousand and €822,897 thousand, respectively, consisting mainly of costs for sales and administrative personnel, corporate bodies, consultancy and accounting fees, as well as depreciation, amortization and impairment of assets used for selling and administrative activities. Costs related to the Business Combination amounted to €2,034 thousand, €2,099 thousand and €200,961 thousand in 2023, 2022 and 2021, respectively.

Marketing expenses

Marketing expenses	12 Months Ended
	Dec. 31, 2023
Profit or loss [abstract]
Marketing expenses	9. Marketing expenses Marketing expenses in 2023, 2022 and 2021 amounted to €114,802 thousand, €85,147 thousand and €67,831 thousand, respectively, consisting mainly of costs for advertising and marketing activities, including personnel costs and costs for advertising, communications, media and events, such as fashion shows, store windows and displays. Marketing expenses also include depreciation, amortization and impairment of assets used in advertising and marketing activities.

Financial income, financial exp

Financial income, financial expenses and foreign exchange losses	12 Months Ended
	Dec. 31, 2023
Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses Abstract [Abstract]
Financial income, financial expenses and foreign exchange losses	10. Financial income, financial expenses and foreign exchange losses The following table provides a breakdown for financial income, financial expenses and foreign exchange losses: For the years ended December 31, (€ thousands) 2023 2022 2021 Financial income Options - Changes in fair value 14,792 470 20,675 Securities 8,652 8,154 17,845 Hedging operations 2,968 241 661 Interest on financial other assets 2,707 1,226 1,881 Interest on financial receivables/loans 187 501 583 Derivative financial instruments 6,767 1,022 2,760 Other financial income 1,209 1,706 1,484 Total financial income 37,282 13,320 45,889 Financial expenses Options - Changes in fair value — (11,426) (13,391) Hedging operations (6,736) (11,701) (7,044) Interest and financial charges for lease liabilities (17,030) (9,882) (8,982) Warrants - Changes in fair value (22,909) (1,171) (4,137) Securities (4,412) (13,426) (3,902) Interest on bank loans and overdrafts (13,361) (4,785) (2,845) Interest expenses on interest rate swaps (300) (1,356) (2,076) Other financial expenses (3,373) (599) (1,446) Total financial expenses (68,121) (54,346) (43,823) Foreign exchange losses (5,262) (7,869) (7,791) 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 Thom Browne Group and Gruppo Dondi S.p.A. (“Dondi”) and for 2021 only, in Lanificio, as well as for 2021 only the remeasurement of cash-settled share-based payments. For the year ended December 31, 2021, financial income relating to options primarily relates to a gain of €20,675 thousand recognized following the purchase of an additional 5% of the Thom Browne Group on June 1, 2021. The put option relating to the remaining 10% of non-controlling interest was remeasured at fair value at December 31, 2023 and 2022, resulting in a decrease in the liability and financial income of €11,587 thousand for the year ended December 31, 2023, mainly due to the increase in the discount interest rate (an increase in the liability and financial expenses of €11,426 thousand and €7,833 thousand for the year ended December 31, 2022 and 2021, respectively). For the year ended December 31, 2023, financial income relating to options also includes €3,205 thousand related to the fair value remeasurement of the Dondi put option. For the year ended December 31, 2021 financial expenses relating to options also include €3,523 thousand related to the Lanificio put option (which was closed in July 2021 following the Group’s purchase of the remaining 10% of Lanificio for a total consideration of €9,600 thousand, following which the Group owns 100% of Lanificio), and €2,035 thousand related to the Dondi put option. See Note 28 — Other current and non-current financial liabilities for additional details relating to the Group’s written put options on non-controlling interests. As a result of the exercise and redemption of warrants in the first quarter of 2023, the Group remeasured the related warrant liabilities and recognized financial expenses of €22,909 thousand. For additional information see Note 28 — Other current and non-current financial liabilities . 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 2023 the Group disposed of securities (primarily investments in insurance contracts, fixed income and hedge funds) amounting to €267,826 thousand for proceeds of €270,317 thousand that the Group primarily used to finalize the TFI Acquisition and for capital expenditures, as well as to repay borrowings. Financial income and financial expenses for securities relate to investments in securities held by the Group. Foreign exchange losses for the years ended December 31, 2023, 2022 and 2021 amounted to €5,262 thousand, €7,869 thousand and €7,791 thousand, respectively. 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 the year ended December 31, 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. For additional information relating to the TFI Acquisition see Note 39 — Business combinations .

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Income taxes	11. Income taxes The following table provides a breakdown for income taxes: For the years ended December 31, (€ thousands) 2023 2022 2021 Current taxes (54,795) (47,355) (47,882) Deferred taxes 21,362 11,553 17,180 Income taxes (33,433) (35,802) (30,702) The table below provides a reconciliation between actual income taxes and the theoretical income taxes, calculated on the basis of the applicable corporate tax rate in effect in Italy, which was 24.0% for each of the years ended December 31, 2023, 2022 and 2021. For the years ended December 31, (€ thousands, except percentages) 2023 2022 2021 Profit/(Loss) before taxes 169,094 101,081 (96,959) Theoretical income tax (expense)/benefit - tax rate 24% (40,583) (24,259) 23,270 Tax effect on: Non-taxable income/(Non-deductible costs) 11,454 (8,256) (23,863) Differences between foreign tax rates and the theoretical applicable tax rate 5,847 10,829 (2,849) Tax benefit/(expense) relating to prior years 2,997 (96) (2,668) Deferred tax assets recognized from previous years 7,425 — — Deferred tax assets not recognized (4,107) 1,876 (14,978) Tax on dividends and earnings (5,613) (5,366) (9,027) Other tax items (6,363) (6,934) 449 Total tax expense, excluding IRAP (28,943) (32,206) (29,666) Effective tax rate, excluding IRAP 17.1 % 31.9 % (30.6 %) Italian regional income tax expense (IRAP) (4,490) (3,596) (1,036) Total income tax (33,433) (35,802) (30,702) Effective tax rate 19.8 % 35.4 % (31.7 %) In order to facilitate the understanding of the tax rate reconciliation presented above, income tax expense includes a presentation net of the Italian Regional Income Tax (“IRAP”), which is based 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. The applicable IRAP rate was 5.57% for the Parent Company and 3.9% for the other Italian components, for each of the years ended December 31, 2023, 2022 and 2021. In 2020 the Group sent a request to the Italian tax authorities to renew its application of the Patent Box tax regime in Italy, which provides for a partial exemption of the business income derived from certain trademarks, designs and models in the Group’s portfolio, for fiscal years up to 2021. The Italian tax authorities acknowledged the request and the outcome of the renewal application is still pending at December 31, 2023. Following the enactment of new tax legislation in Italy in 2021, the previous Patent Box tax regime was replaced with a new Patent Box tax regime under which the amount of qualifying expenses are deductible by an additional 110% (for both IRES and IRAP purposes). Specific transitional rules regulate the transition from the previous Patent Box tax regime to the new regime. In the first quarter of 2024 the Group filed for the new Patent Box tax regime and its benefit will be recognized in financial year 2024 onwards. For the year ended December 31, 2023, other tax items includes €5,100 thousand recognized for uncertain tax positions (€5,000 thousand for the year ended December 31, 2022). In December 2021, the Organisation for Economic Co-operation and Development (“OECD”) released a draft legislative framework, widely referred as Pillar Two, to ensure large multinational corporations pay a minimum level of tax on the income arising in each of the jurisdictions where they operate. In March 2022, the OECD issued technical guidance and an overview of the potential impact of the OECD Pillar Two legislation on financial statements prepared in accordance with IFRS. The Pillar Two legislation aims to address Base Erosion and Profit Shifting (BEPS) by introducing a global minimum tax rate of 15% and implementing tax legislation for the allocation of taxing rights. Since the Group’s ultimate parent Company office is registered in Italy, and that the Italian tax authorities have enacted new tax legislation to implement the Pillar Two framework, the global minimum top-up tax should be applied with respect to all subsidiaries of the Group. The newly enacted tax legislation in Italy is effective for financial years starting from December 31, 2023 (January 1, 2024 for the Ermenegildo Zegna Group), therefore there was no current tax impact for the year ended December 31, 2023. The Group has prepared a preliminary Transitional Country-by-Country Reporting (CbCR) Safe Harbour assessment concluding on fiscal year 2023, based on which it expects to be eligible for the Transitional CbCR Safe Harbour in the majority of jurisdictions in which the Group is expected to be operating during fiscal year 2024. Based on analysis performed to date, the Group does not expect the application of the Pillar Two legislation to have a material impact on the Group’s income taxes in 2024. Deferred tax assets and deferred tax liabilities Deferred taxes reflect the net tax effect of temporary differences between the book value and the taxable amount of assets and liabilities. The accounting of assets for deferred taxes was duly adjusted to take account of the effective possibility to be realized. The Group’s Italian entities participate in a group Italian tax consolidation under the Ermenegildo Zegna N.V., and may therefore offset taxable income against tax losses of the companies participating in the Italian tax consolidation regime. The following tables provide a breakdown for deferred tax assets and deferred tax liabilities: (€ thousands) At December 31, 2022 Recognized in profit and loss Recognized in comprehensive income/(loss) Business Combination Exchange differences and other At December 31, 2023 Deferred tax assets arising on: Employee benefits 4,794 1,564 (297) 86 (118) 6,030 Property, plant and equipment 9,878 (1,401) — — 106 8,583 Lease liabilities 59,963 (4,373) — 46,141 1,368 103,099 Intangible assets 3,229 (65) — — 215 3,379 Provision for obsolete inventory 27,647 2,348 — (1,036) 28,959 Elimination of Intercompany margin on inventory 28,447 8,361 — 3,439 (546) 39,701 Provisions 3,647 (223) (47) — (1,009) 2,368 Financial assets 1,596 — (148) — — 1,448 Tax losses 41,622 1,601 — — 3,143 46,366 Other 503 3,051 (17) 3,091 537 7,165 Total deferred tax assets 181,326 10,863 (509) 52,757 2,660 247,098 Deferred tax liabilities arising on: Property, plant and equipment 448 (184) — — 32 296 Right-of-use assets 57,156 (7,288) — 46,132 615 96,615 Intangible assets 45,301 1,370 — 327 (138) 46,860 Financial assets fair value 2,382 45 (210) — (400) 1,817 Other 11,946 (4,442) (2,254) 4,776 4,492 14,517 Total deferred tax liabilities 117,233 (10,499) (2,464) 51,235 4,601 160,105 (€ thousands) At December 31, 2021 Recognized in profit and loss Recognized in comprehensive income/(loss) Exchange differences and other At December 31, 2022 Deferred tax assets arising on: Employee benefits 4,665 352 (85) (138) 4,794 Property, plant and equipment 11,107 (1,668) — 439 9,878 Lease liabilities 36,752 23,255 — (43) 59,963 Intangible assets 3,246 (85) — 68 3,229 Provision for obsolete inventory 21,077 4,602 — 1,968 27,647 Elimination of Intercompany margin on inventory 21,695 6,493 — 259 28,447 Provisions 2,851 1,463 — (667) 3,647 Financial assets 1,533 (84) — 147 1,596 Tax losses 36,766 100 — 4,756 41,622 Other 2,685 688 (18) (2,852) 503 Total deferred tax assets 142,377 35,116 (103) 3,937 181,326 Deferred tax liabilities arising on: Property, plant and equipment — 452 — (4) 448 Right-of-use assets 34,188 22,953 — 18 57,156 Intangible assets 45,420 (202) — 83 45,301 Financial assets fair value 2,461 (1,423) 1,158 186 2,382 Other 5,944 1,783 2,278 1,941 11,946 Total deferred tax liabilities 88,013 23,563 3,436 2,224 117,233 The decision to recognize deferred tax assets is made for each company in the Group by assessing whether the conditions exist for the future recoverability of such assets by taking into account the basis of the most recent forecasts from budgets and business plans. Deferred tax assets and deferred tax liabilities of the individual companies are offset where they may be legally offset and management has the intention to settle them through netting. The following table provides the details of tax losses carried forward for which no deferred tax assets were recognized: At December 31, (€ thousands) 2023 2022 Expiry within 1 year 15,265 9,936 Expiry 1-5 years 20,793 35,927 Expiry over 5 years 66,384 86,433 No expiration 328,736 321,389 Total tax losses carried forward 431,178 453,685

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Earnings per share	12. 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 ordinary shares (basic and diluted) of the Company. In accordance with IAS 33 — Earnings per share , for the calculation of both basic earnings per share and diluted earnings per share the number of ordinary and potential ordinary shares outstanding for all periods reflects the Share Split performed as part of the Business Combination. For additional information related to the Business Combination please refer to Note 1 — General information . The following table summarizes the amounts used to calculate basic and diluted earnings per share: For the years ended December 31, (€ thousands, except per share data ) 2023 2022 2021 Profit/(Loss) attributable to shareholders of the Parent Company 121,529 51,482 (136,001) Weighted average number of shares for basic earnings per share 247,015,882 237,545,736 203,499,933 Adjustments for calculation of diluted earnings per share: Long-Term Incentive Awards 2022-2025 (1) 1,775,976 946,990 — CEO 2022-2024 PSUs (2) 1,149,273 1,031,673 — CEO remuneration in shares (3) 1,134,108 1,081,513 — IPO PSUs (4) 790,000 — — Long-term equity incentives (5) 307,242 — Non-executive directors remuneration in shares (6) 149,836 41,601 — 2023 Restricted Stock Units Plan (7) 41,452 — — Weighted average number of shares for diluted earnings per share 252,363,769 240,647,513 203,499,933 Basic earnings per share in Euro 0.49 0.22 (0.67) Diluted earnings per share in Euro 0.48 0.21 (0.67) For the year ended December 31, 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 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 37 — Share-based payments . (1) Long-Term Incentive Awards 2022-2025 — Performance share units (“ PSUs ”) and retention restricted share units (“ RSUs ”) granted to the Group’s senior management (excluding the CEO) (“Senior Management Team”), 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. (2) CEO 2022-2024 PSUs — Performance share units (PSUs) granted to the CEO, which 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. (3) CEO remuneration in shares — Potential ordinary shares from the exercise of the share purchase rights of all or part of the CEO’s fixed remuneration. (4) IPO PSUs — PSUs related to the Company’s public listing, granted to the CEO and certain members of the Senior Management Team, which are considered to be potential ordinary shares if the performance market conditions have been met and if the recipient was still employed by the Group at the reporting date. (5) Long-term equity incentives — Potential ordinary shares of the Company granted to Senior Management Team equal to a value of $7,500 thousand, that will be assigned in 2024, which are considered to be potential ordinary shares if the recipient was still employed by the Group at the reporting date. (6) 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 2024 and 2025. (7) 2023 Restricted Stock Units Plan — RSUs granted to Senior Management Team, which are considered to be potential ordinary shares if the recipient was still employed by the Group at the reporting date. For the year ended December 31, 2021, as a result of the loss for the year, in accordance with IAS 33, the theoretical effect that would arise if all the outstanding stock options and warrants were exercised (represented by 1,417,947 weighted average potentially diluted shares) were not taken into consideration in the calculation of diluted loss per share as this would have had an anti-dilutive effect.

Other information by nature

Other information by nature	12 Months Ended
	Dec. 31, 2023
Other Information Abstract [Abstract]
Other information by nature	13. Other information by nature The following table provides a breakdown of depreciation and amortization and of personnel costs within the consolidated statement of profit and loss: For the years ended December 31, (€ thousands) 2023 2022 2021 Depreciation and amortization Personnel costs Depreciation and Personnel costs Depreciation and Personnel costs Cost of sales (16,376) (132,447) (13,557) (116,330) (13,034) (98,384) Selling, general and administrative expenses (174,905) (344,421) (157,050) (270,845) (140,165) (262,053) Marketing expenses (1,889) (10,276) (1,275) (7,912) (996) (7,325) Total (193,170) (487,144) (171,882) (395,087) (154,195) (367,762) At December 31, 2023 and 2022 the Group had 7,201 and 6,256, employees, respectively. Headcount increased mainly due to the TFI Acquisition (580 TFI employees and 45 Pelletteria Tizeta employees at December 31, 2023).

Intangible assets

Intangible assets	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	14. Intangible assets The following table provides a breakdown for intangible assets: (€ thousands) Goodwill Brands with an indefinite useful life Concessions, licenses, trademarks and patents Other intangible assets Intangible assets in progress Total Historical cost at January 1, 2022 227,230 158,864 45,003 126,661 4,181 561,939 Additions — — 1,620 23,474 164 25,258 Disposals — — (3,164) (4,651) (3,199) (11,014) Exchange differences 12,479 9,830 82 518 — 22,909 Other movements and reclassifications — — (1,202) 1,202 — — Balance at December 31, 2022 239,709 168,694 42,339 147,204 1,146 599,092 Additions — — 1,777 21,598 633 24,008 Disposals — — (369) (431) (166) (966) Business combinations 23,966 — 99,295 3,520 305 127,086 Exchange differences (7,405) (5,862) (765) (851) (43) (14,926) Other movements and reclassifications — — 1,644 (1,000) (1,769) (1,125) Balance at December 31, 2023 256,270 162,832 143,921 170,040 106 733,169 Accumulated amortization at January 1, 2022 — — (39,132) (97,587) — (136,719) Amortization — — (1,457) (10,926) — (12,383) Disposals — — 2,761 4,122 — 6,883 Impairment — — 1 (27) — (26) Exchange differences — — 838 (1,777) — (939) Balance at December 31, 2022 — — (36,989) (106,195) — (143,184) Amortization — — (3,963) (15,190) — (19,153) Disposals — — 369 413 — 782 Impairment — — — (35) — (35) Exchange differences — — 164 531 — 695 Other movements and reclassifications — — (929) 929 — — Balance at December 31, 2023 — — (41,348) (119,547) — (160,895) Carrying amount at: January 1, 2022 227,230 158,864 5,871 29,074 4,181 425,220 December 31, 2022 239,709 168,694 5,350 41,009 1,146 455,908 December 31, 2023 256,270 162,832 102,573 50,493 106 572,274 The intangible assets held by the Group increased primarily as a result of the TFI Acquisition and goodwill arising from the acquisition of the Thom Browne business in South Korea of €23,966 thousand. In particular, as part of the TFI Acquisition, the Group recognized a license agreement asset at its fair value of €99,295 thousand determined through an income approach based on the multi-period excess earnings method. 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 acquisition of TFI and the Thom Browne business in South Korea, see Note 39 — Business combinations . Goodwill and brands with an indefinite useful life Goodwill originated on acquisitions made by the Group and brands with an indefinite useful life that are acquired separately are attributable to the following operating segments: At December 31, (€ thousands) 2023 2022 ZEGNA 25,568 25,568 Thom Browne 393,534 382,835 Total goodwill and brands with an indefinite useful life 419,102 408,403 In accordance with IAS 36, goodwill and brands with an indefinite useful life are not amortized and are tested for impairment annually, or more frequently if facts or circumstances indicate that the asset may be impaired. Goodwill and brands with an indefinite useful life are allocated to each of the Group’s CGUs (or groups of CGUs) and the recoverable amount of all CGUs and groups of CGUs is based on a value in use calculation, which uses cash flow projections based on last approved budget forecast calculations, which are prepared separately for each CGU. These budget and forecast calculations generally cover a period of three years. A long-term growth rate is calculated and applied to project future cash flows after the third year. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. The main assumptions to calculate the recoverable amount are the following: • Terminal value: determined using the perpetuity method at a long-term growth rate which represents the present value, at the last year of projection, of all expected future cash flows, and the growth rate used to calculate the terminal value was 3% for the Zegna segment and 3% for the Thom Browne segment, which has been determined according to the diverging inflation and GDP outlook in related geographical areas; • Discount rate: the rate used to discount cash flows was calculated using the weighted average cost of capital (“WACC”) post tax. For the 2023 impairment test, the WACC used for discounting purposes ranged between 8.81% and 9.55% (between 8.41% and 12.04% for 2022). The WACC was calculated for each CGU and group of CGUs subject to impairment, considering the parameters specific to the geographical area: market risk premium and sovereign bond yield; • EBITDA: See table below for the EBITDA compound annual growth rate (CAGR) assumptions utilized to calculate the expected future cash flows. The calculation of value in use for all CGUs and groups of CGUs is most sensitive to the following assumptions: • Discount rates or WACC; • Growth rates used to extrapolate cash flows beyond the forecast period; and • EBITDA CAGR rate. The following tables detail the sensitivity of the impairment testing to reasonably possible changes in both assumptions, for those CGUs that have significant goodwill and brands with an indefinite useful life allocated to them. 2023 Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) vs. 2023 WACC Growth rate EBITDA CGU Thom Browne Group (*) 484 881 300 +15.9% 317 403 405 CGU Thom Browne Korea Ltd. 31 905 300 n.a. 22 27 25 CGU Gruppo Dondi S.p.A. 51 955 300 +15.5% 39 45 46 CGU Bonotto S.p.A. 6 955 300 -9.5% 3 5 5 CGU In.Co. S.p.A. 39 955 300 +11.2% 20 30 30 CGU Tessitura Ubertino S.r.l. 20 955 300 -2.8% 16 18 18 _________________ (*) Excluding the Thom Browne business in South Korea, which is part of the CGU Thom Browne Korea Ltd. 2022 Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) vs. 2022 WACC Growth rate EBITDA CGU Thom Browne Group 454 841 300 +20.8% 362 372 381 CGU Gruppo Dondi S.p.A. 66 878 300 +7.0% 52 59 61 CGU Bonotto S.p.A. 3 878 300 -1.0% 0 2 2 CGU In.Co. S.p.A. 110 878 300 +2.2% 85 98 98 CGU Tessitura Ubertino S.r.l. 22 878 300 +6.6% 18 20 21 Based on the analysis performed, no impairment of goodwill and brands with an indefinite useful life were recognized for the years ended December 31, 2023 and 2022.

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Property, plant and equipment	15. Property, plant and equipment The following table provides a breakdown for property, plant and equipment: (€ thousands) Land and buildings Plant and machinery Industrial and commercial equipment Leasehold improvements Other tangible assets Tangible assets under construction and advances Total Historical cost at January 1, 2022 8,537 164,539 144,831 228,904 8,710 3,428 558,949 Additions 11 6,171 11,121 27,081 153 3,637 48,174 Disposals — (17,130) (12,341) (18,874) (200) — (48,545) Exchange differences — (37) 5,117 (2,353) 24 (30) 2,721 Reclassifications — 320 (769) 3,432 (947) (2,036) — Balance at December 31, 2022 8,548 153,863 147,959 238,190 7,740 4,999 561,299 Additions 33 10,812 14,342 31,390 562 8,461 65,600 Disposals — (4,245) (8,302) (26,049) (104) (36) (38,736) Business combinations — 238 6,781 12,094 1,328 158 20,599 Exchange differences — 121 (2,515) (10,812) (23) (358) (13,587) Reclassifications — 966 4,235 6,752 (3,074) (7,798) 1,081 Balance at December 31, 2023 8,581 161,755 162,500 251,565 6,429 5,426 596,256 Accumulated depreciation at January 1, 2022 (3,735) (142,469) (120,599) (173,351) (6,841) (480) (447,475) Depreciation (296) (6,879) (11,504) (20,356) (1,167) — (40,202) Disposals — 17,048 12,262 18,747 193 — 48,250 Impairment — (23) (438) 1,217 — — 756 Exchange differences — (71) (1,437) 4,139 880 — 3,511 Reclassifications 6 71 (1,443) 17 869 480 — Balance at December 31, 2022 (4,025) (132,323) (123,159) (169,587) (6,066) — (435,160) Depreciation (250) (6,454) (13,538) (26,558) (278) — (47,078) Disposals — 4,101 7,840 24,677 94 — 36,712 Impairment — 4 (406) (513) — — (915) Exchange differences (162) (92) 2,195 7,834 18 — 9,793 Reclassifications — 63 (1,844) — 1,781 — — Balance at December 31, 2023 (4,437) (134,701) (128,912) (164,147) (4,451) — (436,648) Carrying amount at: January 1, 2022 4,802 22,070 24,232 55,553 1,869 2,948 111,474 December 31, 2022 4,523 21,540 24,800 68,603 1,674 4,999 126,139 December 31, 2023 4,144 27,054 33,588 87,418 1,978 5,426 159,608 The assets amortized or depreciated on a systematic basis are tested for impairment if there are indications of or changes to planning assumptions suggesting that the carrying amount of the assets is not recoverable. For this purpose, after preparing the annual budget plan, the Group conducts a triggering event test for each store. If defined year-on-year profitability indicators are not reached, the non-current assets of the store in question are tested for impairment. The method used to identify the recoverable amount (value in use) of all the aforementioned CGUs, except for the brands, consisted of discounting the projected cash flows (Discounted Cash Flow) generated by the activities directly attributable to the segment to which the intangible asset or net invested capital has been assigned (CGU). Value in use was the sum of the present value of future cash flows expected from the business plan projections prepared for each CGU and the present value of the related operating activities at the end of the period (terminal value). The business plans used to prepare the impairment test cover the last three months of 2023 and the three years from 2024 to 2026. The rate used to discount cash flows was calculated using the weighted average cost of capital (WACC). For the year ended December 31, 2023, the WACC used for discounting purposes ranged between 8.64% and 12.56% (between 8.84% and 17.20% at December 31, 2022). The WACC was calculated for each CGU subject to impairment, considering the parameters specific to the geographical area: market risk premium and sovereign bond yield. The “g” rate of growth used to calculate the terminal value has been determined according to the diverging inflation and GDP outlooks in the various countries. The growth rate ranged between 2.0% and 3.0% for Zegna segment, between 2.5% and 3.0% for Thom Browne segment and 3.0% for Tom Ford Fashion segment. DOS impairment test The impairment test of DOS assets takes into consideration those right-of-use assets, intangible assets and property, and plant and equipment elements relating to directly operated stores of Zegna segment, Thom Browne segment and Tom Ford Fashion segment. The result of the impairment test of DOS on the consolidated financial statements is obtained by comparing the recoverable amount, based on the value in use, of each CGU with the carrying amount of the tangible and intangible assets allocated to the CGU, including leases (according to the IFRS 16). Impairment of €1,782 thousand recognized in 2023 was composed of: (a) impairment of €959 thousand and reversal of impairment of €44 thousand related to property, plant and equipment; (b) impairment of €832 thousand related to right-of-use assets; and (c) impairment of €37 thousand and reversal of impairment of €2 thousand related to intangible assets. Impairment by segment, was composed of: (a) impairment of €901 thousand and reversal of impairment of €46 thousand relating to the Zegna segment; (b) impairment of €17 thousand related to the Thom Browne segment; and (c) impairment of €910 thousand related to the Tom Ford Fashion segment The calculation of value in use for this CGU is most sensitive to the following assumptions: • Discount rates; • Growth rates used to extrapolate cash flows beyond the forecast period; • Revenue compounded annual rate of growth (“CAGR”). In order to ensure that the changes to the main assumptions did not significantly affect the results of the impairment tests, sensitivity analyses were conducted. The following tables present the sensitivity of the 2023 and 2022 Zegna, Thom Browne and Tom Ford Fashion segments DOS impairment test to reasonably possible changes in the aforementioned assumptions: Existing assumption Sensitivity effects on impairment (€ millions, except percentages and basis points) Impairment WACC (%) Growth rate (%) Revenues CAGR (%) vs. current year WACC Growth rate Revenues Zegna segment DOS 2023 (855) 8.64% / 12.56% 2.00% / 3.00% +15.7% (965) (917) (1,480) 2022 (2,231) (1) 8.84% / 17.20% 1.50% / 5.00% +7.6% (2,413) (2,258) (2,714) Thom Browne segment DOS 2023 (17) 11.16% / 12.56% 2.50% / 3.00% +7.5% (17) (17) (17) 2022 (820) 8.84% / 11.59% 1.50% / 3.00% +9.5% (1,003) (848) (1,120) Tom Ford Fashion segment DOS 2023 (910) 11.27% / 12.16% 3.00% +18.2% (925) (912) (1,029) _________________ (1) Gross of reversals related to the reduction of right-of-use assets of €1,412 thousand. The sensitivity analysis of the aforementioned assumptions (WACC, growth rate and revenues) used to determine the recoverable value, carried out on the CGUs subject to impairment testing, showed that negative changes in the basic assumptions could lead to an additional impairment loss. Impairment test of corporate assets The impairment test of corporate assets takes into consideration those assets whose recoverability is assessed at the reporting segment level: Zegna segment (including corporate costs) and Thom Browne segment. There were no impairments arising from the 2023, 2022 and 2021 impairment tests performed. Sensitivity analysis The calculation of value in use for all CGUs is most sensitive to the following assumptions: • Discount rates or WACC; • Growth rates used to extrapolate cash flows beyond the forecast period; • EBITDA growth rate over the explicit period of the business plan. In order to ensure that the changes to the main assumptions did not significantly affect the results of the impairment tests, sensitivity analyses were conducted. The following tables present the sensitivity analysis of the 2023 and 2022 impairment test of corporate assets to reasonably possible changes in aforementioned assumptions: Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) WACC Growth rate Revenues CGU Zegna segment 2023 2,036 898 300 +18.9% 1,588 1,822 1,741 2022 1,590 855 300 +16.3% 1,196 1,399 1,337 CGU Thom Browne segment 2023 484 881 300 +15.9% 317 403 405 2022 454 841 300 +20.8% 362 372 381 Based on the analysis performed, except for the impairments of non-current assets indicated above, these stress tests continued to show ample headroom.

Right-of-use assets

Right-of-use assets	12 Months Ended
	Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-use assets	16. 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 right-of-use assets Total Historical cost at January 1, 2022 715,325 572 168 5,784 721,849 Additions 135,933 32 — 1,816 137,781 Disposals (101,692) (80) — (1,789) (103,561) Exchange differences 9,357 — — (18) 9,339 Balance at December 31, 2022 758,923 524 168 5,793 765,408 Additions 139,057 66 — 2,872 141,995 Disposals (65,322) (545) — (2,091) (67,958) Business combinations 160,659 — — 210 160,869 Exchange differences (22,284) — — (19) (22,303) Balance at December 31, 2023 971,033 45 168 6,765 978,011 Accumulated amortization at January 1, 2022 (347,403) (449) (81) (3,446) (351,379) Amortization (117,488) (117) (34) (1,658) (119,297) Impairments (2,369) — — — (2,369) Disposals 82,858 80 — 1,694 84,632 Exchange differences (1,494) — — 7 (1,487) Balance at December 31, 2022 (385,896) (486) (115) (3,403) (389,900) Amortization (125,096) (75) (35) (1,733) (126,939) Impairments (832) — — — (832) Disposals 58,161 546 — 1,653 60,360 Exchange differences 13,229 — — 23 13,252 Balance at December 31, 2023 (440,434) (15) (150) (3,460) (444,059) Carrying amount at: January 1, 2022 367,922 123 87 2,338 370,470 December 31, 2022 373,027 38 53 2,390 375,508 December 31, 2023 530,599 30 18 3,305 533,952 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 years ended December 31, 2023 and 2022 impairments were recognized for an amount of €832 thousand and €2,369 thousand, respectively, and primarily related to leased stores in Greater China Region and Europe that are part of the Zegna segment, to a leased stores in Greater China Region that is part of the Tom Ford Fashion segment, for 2023 only, and to a leased stores in Europe that is part of the Thom Browne segment, for 2022 only. For details related to the impairment testing performed over right-of-use assets, please refer to Note 15 — Property, plant and equipment.

Investments accounted for using

Investments accounted for using the equity method	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Investments accounted for using the equity method	17. Investments accounted for using the equity method The Group’s ownership percentages and the carrying value of investments accounted for using the equity method were as follows: (€ thousands, except percentages) Tom Ford International LLC Pelletteria Tizeta S.r.l. Norda Run Inc. Filati Biagioli Modesto S.p.A. Luigi Fedeli e Figlio S.r.l. Total investments accounted for using the equity method Group’s percentage interest at December 31, 2023 100 % 100 % 25 % 40 % 15 % Group’s percentage interest at December 31, 2022 15 % 50 % — % 40 % — % At January 1, 2022 18,345 3,416 — 686 — 22,447 Disposal — — — (2) — (2) Net income 76 1,292 — 831 — 2,199 Translation differences (1,996) — — — — (1,996) At December 31, 2022 16,425 4,708 — 1,515 — 22,648 Additions 1,845 — 6,580 6,700 4,656 19,781 Disposal — — — (13) — (13) Net (loss)/income (2,587) 350 (2) (712) (2) (2,953) Translation differences 764 — 43 — — 807 Business combinations (16,447) (5,058) — — — (21,505) At December 31, 2023 — — 6,621 7,490 4,654 18,765 At December 31, 2022 and January 1, 2022, although the Group owned 15% of the equity shares of Tom Ford International LLC (“TFI”), the Group accounted for the investment under the equity method as the following requirements of IAS 28— lnvestments in Associates and Joint Ventures (“IAS 28”) were met: the representation on the board of directors and the participation in policy-making processes. Furthermore, there were material transactions between the Group and TFI. The results of impairment tests performed in 2021 and 2022 resulted in no impairment. As a result of the TFI Acquisition completed on April 28, 2023, the Group obtained 100% of TFI and 100% of Pelletteria Tizeta, which was previously 50% owned by the Group and 50% owned by TFI. The Group’s previously held equity interests in TFI and Pelletteria Tizeta were measured at their fair value as of the acquisition date and recognized as part of the consideration transferred according to IFRS 3 — Business Combinations (“IFRS 3”). The cumulative translation losses related to the previously held investment 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. Following completion of the TFI Acquisition, TFI and Pelletteria Tizeta are consolidated by the Group. For additional information relating to the TFI Acquisition see Note 39 — Business combinations . Additions for the year ended December 31, 2023 included: (i) €6,700 thousand for the capital increase in Filati Biagioli Modesto S.p.A, of which €4,500 thousand was contributed in cash and €2,200 thousand related to a financial receivables converted to equity as a capital contribution in July 2023; (ii) €6,580 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; (iii) €4,656 thousand for the acquisition of a 15% minority stake interest in Luigi Fedeli e Figlio S.r.l., the world-renowned maker of fine Italian knitwear and yarns; and (iv) €1,845 thousand for the conversion of financial receivables from TFI into a capital contribution prior to the TFI Acquisition. Certain financial information of companies accounted for using the equity method is provided below at and for the period from the acquisition date to December 31, 2023 or for the year ended December 31, 2023, as required by IFRS 12— Disclosure of Interest in Other Entities (“IFRS 12”). (€ thousands) Norda Run Inc. Filati Biagioli Modesto S.p.A. Luigi Fedeli e Figlio S.r.l. Total assets 8,291 61,084 30,121 Total liabilities 2,871 42,266 21,592 Total equity 5,420 18,818 8,529 Net revenues 4,433 52,253 7,048 Net income/(loss) (7) (1,789) (13)

Other non-current financial ass

Other non-current financial assets	12 Months Ended
	Dec. 31, 2023
Categories of non-current financial assets [abstract]
Other non-current financial assets	18. Other non-current financial assets The following table provides a breakdown for other non-current financial assets: At December 31, (€ thousands) 2023 2022 Guarantee deposits 28,362 26,814 Financial loans to related parties — 2,240 Financial loans to TFI — 1,862 Lease receivables from sublease 1,115 1,366 Other 4,421 3,958 Total other non-current financial assets 33,898 36,240 There are no expected credit losses associated with the guarantee deposits. Financial loans to related parties consist of a loan to a company beneficially owned by a director of the Group in December 2021 for a principal amount of €2.2 million in order to acquire the Company’s ordinary shares in December 2021. In August 2023 the receivable was fully repaid. Financial loans to TFI that were settled during the period. For additional information relating to TFI see Note 17 — Investments accounted for using the equity method . Other primarily related to investments in other companies, which are measured at fair value at December 31, 2023 and 2022.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Disclosure of Measuring inventories [Abstract]
Inventories	19. Inventories The following table provides a breakdown for inventories (net of the provision for slow moving and obsolete inventories): At December 31, (€ thousands) 2023 2022 Raw materials, ancillary materials and consumables 90,460 61,822 Work-in-progress and semi-finished products 46,735 63,019 Finished goods 385,394 286,010 Total inventories 522,589 410,851 The amount of provisions for slow moving and obsolete inventories recognized for the years ended December 31, 2023, 2022 and 2021 was €59,558 thousand, €28,561 thousand and €29,600 thousand, respectively. The following table provides the changes in the total provision for slow moving and obsolete inventories for the years ended December 31, 2023 and 2022. 2023 2022 At January 1, (147,819) (136,822) Provisions (59,558) (28,561) Utilizations and releases 27,708 22,707 Exchange differences and other changes 4,447 (5,143) At December 31, (175,222) (147,819)

Trade receivables

Trade receivables	12 Months Ended
	Dec. 31, 2023
Disclosure of Trade Receivable [Abstract]
Trade receivables	20. Trade receivables The following table provides a breakdown for trade receivables: At December 31, (€ thousands) 2023 2022 Trade receivables 247,138 183,725 Loss allowance (6,681) (6,512) Total trade receivables 240,457 177,213 The following table provides a breakdown for the loss allowance relating to trade receivables: Loss allowance (€ thousands) 2023 2022 At January 1, (6,512) (6,643) Provisions (3,276) (806) Utilizations 285 131 Releases 2,829 645 Exchange differences and other (7) 161 At December 31, (6,681) (6,512) The Group applies the simplified approach available under IFRS 9 to always measure the loss allowance for trade receivables at an amount equal to lifetime expected credit losses. The expected credit losses on trade receivables are estimated using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date (See Note 35 — Qualitative and quantitative information on financial risks for additional information). The Group has recognized a loss allowance of 100% against all receivables that are greater than 180 days past due because historical experience has indicated that these receivables are generally not recoverable, except in certain cases where the receivables are covered by insurance agreements. The Group generally writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery (e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings). None of the trade receivables that have been written off are subject to enforcement activities. The following table presents trade receivables by geographic area: At December 31, (€ thousands) 2023 2022 EMEA (1) 102,653 77,817 of which Italy 60,174 50,897 North America (2) 38,636 24,523 of which United States 33,028 20,669 Latin America (3) 8,936 5,770 APAC (4) 90,232 69,103 of which Greater China Region 61,990 47,924 Total trade receivables 240,457 177,213 _________________ (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.

Derivative financial instrument

Derivative financial instruments	12 Months Ended
	Dec. 31, 2023
Derivative Financial Instruments [Abstract]
Derivative financial instruments	21. 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 December 31, 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 595,819 6,371 (897) 481,110 13,075 (2,362) Interest rate risk Interest rate swaps 133,962 4,739 — 320,000 9,379 — Total derivatives instruments - Asset/(Liabilities) 729,781 11,110 (897) 801,110 22,454 (2,362) Hedging derivatives All contracts in place at the reporting date were entered into with major financial institutions, and no counterparties are expected to default. A liquidity analysis of the derivative contract maturities is provided in the financial risks section of these notes. The cash flows resulting from the Group’s international activities are exposed to exchange rate volatility. In order to hedge this risk, the Group enters into forward sale and purchase agreements, so as to guarantee the value of identified cash flows in Euro (or in other currencies used locally). The projected future cash flows mainly relate to the collection of trade receivables, the settlement of trade payables and financial cash flows. The notional amount of foreign exchange forward contracts to hedge projected future cash flows are detailed as follows: For the years ended December 31, (€ thousands) 2023 2022 USD 206,232 203,611 CHF — 8,145 CNY 201,153 94,203 GBP 54,282 36,984 JPY 34,749 35,119 HKD 31,735 59,160 Other 67,668 43,888 Total notional amount 595,819 481,110 The key features of the interest rate swap (IRS) agreements are summarized as follows: (€ thousands, except percentages) Notional amount at December 31, Fair value at December 31, Contract Maturity date Fixed interest rate 2023 2022 2023 2022 IRS 1 1/27/2023 0.27% — 20,000 — 67 IRS 2 2/8/2023 0.17% — 20,000 — 45 IRS 3 4/27/2023 0.26% — 50,000 — 428 IRS 4 8/3/2023 0.28% — 40,000 — 676 IRS 5 11/17/2023 0.34% — 60,000 — 1,564 IRS 6 4/15/2024 (0.24%) 80,000 80,000 2,190 3,775 IRS 7 12/20/2024 0.01% 50,000 50,000 2,380 2,824 IRS 8 9/30/2027 0.22% 2,775 — 128 — IRS 9 12/31/2025 (0.15%) 1,187 — 41 — Total 133,962 320,000 4,739 9,379

Other current financial assets

Other current financial assets	12 Months Ended
	Dec. 31, 2023
Disclosure Of Other current Financial Assets [Abstract]
Other current financial assets	22. Other current financial assets The following table provides a breakdown for other current financial assets (see Note 34 — Fair value measurement for a breakdown of other current financial assets by fair value level): At December 31, (€ thousands) 2023 2022 Securities 85,320 316,595 Guarantee deposits 5,431 2,075 Financial receivables 166 2,224 Total other current financial assets 90,917 320,894 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 December 31, 2023 FVPL Private equity 18,311 3,035 (802) 2,266 — (411) 22,399 Real estate funds 12,129 2,096 — (1,887) — (192) 12,146 Private debt 13,644 1,001 (4,224) (347) 32 — 10,106 Hedge funds 46,761 4,009 (42,658) 706 264 (87) 8,995 Money market funds 2,587 18,578 (19,038) (71) 209 (172) 2,093 Equity 14,592 997 (14,999) (159) 703 7 1,141 Insurance contracts 114,975 — (115,485) 545 (35) — — Fixed income 64,017 — (65,018) — 1,001 — — Commodities 2,727 — (2,601) — (126) — — Total FVPL 289,743 29,716 (264,825) 1,053 2,048 (855) 56,880 FVOCI Floating income 17,742 — (1,005) (45) — — 16,692 Fixed income 9,110 3,884 (1,996) 304 446 — 11,748 Total FVOCI 26,852 3,884 (3,001) 259 446 — 28,440 Total securities 316,595 33,600 (267,826) 1,312 2,494 (855) 85,320 (€ thousands) At December 31, 2021 Investments Disposals Fair value adjustments Realized gains/(losses) Exchange rate gains/(losses) At December 31, 2022 FVPL Private equity 15,925 6,230 (7,533) 3,282 17 390 18,311 Real estate funds 32,898 2,496 (24,633) 248 800 320 12,129 Private debt 7,945 5,201 — 498 — — 13,644 Hedge funds 41,483 7,304 — (2,631) — 605 46,761 Money market funds 2,007 966 (370) 77 — (93) 2,587 Equity 25,408 — (7,101) (3,354) (590) 229 14,592 Insurance contracts 113,919 — — 1,056 — — 114,975 Fixed income 68,947 — — (4,930) — — 64,017 Commodities — 2,991 — (264) — — 2,727 Total FVPL 308,532 25,188 (39,637) (6,018) 227 1,451 289,743 FVOCI Floating income 20,687 — (2,500) (445) — — 17,742 Fixed income 5,025 5,000 — (915) — — 9,110 Total FVOCI 25,712 5,000 (2,500) (1,360) — — 26,852 Total securities 334,244 30,188 (42,137) (7,378) 227 1,451 316,595 In line with the Group’s funding strategy, during 2023, the Group disposed of securities (primarily investments in insurance contracts, fixed income and hedge funds) amounting to €267,826 thousand for proceeds of €270,317 thousand that the Group primarily used to finalize the TFI Acquisition and for capital expenditures, as well as to repay borrowings.

Other current assets

Other current assets	12 Months Ended
	Dec. 31, 2023
Other Current Assets [Abstract]
Other current assets	23. Other current assets Other current assets amount to €95,260 thousand and €84,574 thousand at December 31, 2023 and 2022, respectively, and mainly relate to accrued income, deferred charges and indirect tax receivables.

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Cash and cash equivalents	24. Cash and cash equivalents The following table provides a breakdown for cash and cash equivalents: At December 31, (€ thousands) 2023 2022 Cash on hand 3,275 2,322 Bank balances 293,004 251,999 Total cash and cash equivalents 296,279 254,321 The Group may be subject to restrictions which limit its ability to use cash. In particular, cash held in China is subject to certain repatriation restrictions and may only be repatriated as dividends or capital distributions, or to repay debt or other liabilities. The Group does not believe that such transfer restrictions have any adverse impacts on its ability to meet liquidity requirements. Cash held in China at December 31, 2023 amounted to €22,549 thousand (€24,257 thousand at December 31, 2022). Certain restrictions over cash also exist in Argentina; however, such restrictions do not significantly impact the Group as cash held in Argentina amounted to €216 thousand at December 31, 2023 (€233 thousand at December 31, 2022).

Shareholder' equity

Shareholder' equity	12 Months Ended
	Dec. 31, 2023
Disclosure of reserves within equity [abstract]
Shareholder' equity	25. Shareholder’ equity Share capital and share premium At December 31, 2023 the fully paid up share capital of the Company was €9,154 thousand, consisting of 302,704,726 ordinary shares and 154,981,350 special voting shares A, all with a nominal value of €0.02 (€5,939 thousand, consisting of 296,943,659 ordinary shares at December 31, 2022). 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 uninterrupted period of time as prescribed by the articles of association of the Company. 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 . If ordinary shares have been registered in the loyalty register for an uninterrupted period of two years in the name of the same shareholder, such shares become eligible to receive Special Voting Shares A of the Company. The relevant shareholder will receive one of the Company Special Voting Share A per eligible ordinary share. Each of the Company Special Voting Share A will automatically be converted into a Special Voting Share B of the Company after holding a number of ordinary shares for an uninterrupted period of five years following the registration of such ordinary shares in the loyalty register, and each of the Company Special Voting Share B will automatically be converted into a Special Voting Share C of the Company after holding a number of ordinary shares for an uninterrupted period of ten years following the registration of such ordinary shares in the loyalty register. Each class of the Company Special Voting Shares will entitle the relevant holders to the following number of votes, in addition to the voting rights attached to each ordinary share: each Special Voting Share A of the Company confers the right to cast one vote, each Special Voting Share B of the Company confers the right to cast four votes and each Special Voting Share C of the Company confers the right to cast nine votes in the Company General Meeting. Holders of the Company Special Voting Shares will not receive any dividends in respect of the Company Special Voting Shares; however, the Company will maintain a separate dividend reserve for each class of the Company Special Voting Shares for the sole purpose of the allocation of the mandatory minimum profits that accrue to the Company Special Voting Shares. The following table summarizes the changes in the share capital, share premium and number of ordinary shares and special voting shares of the Company for the years ended December 31, 2022 and 2023: Share capital Share premium Outstanding ordinary shares Ordinary shares held in treasury Total ordinary shares Special voting shares At January 1, 2022 5,939 721,187 242,343,659 54,600,000 296,943,659 — Ordinary shares issued to warrant holders — — 1 (1) — — Ordinary shares assigned under share-based payments (1) — — 459,086 (459,086) — — At December 31, 2022 5,939 721,187 242,802,746 54,140,913 296,943,659 — Ordinary shares issued to warrant holders (2) 115 64,500 5,761,067 — 5,761,067 — Ordinary shares assigned delivered under share-based payments (3) — — 1,746,450 (1,746,450) — — Special Voting Shares A issued (4) 3,100 (3,100) — — — 154,981,350 At December 31, 2023 9,154 782,587 250,310,263 52,394,463 302,704,726 154,981,350 __________________ (1) Includes 459,086 ordinary shares, which were previously held in treasury, delivered to the CEO as a result of the conversion of the CEO’s fixed remuneration for 2021 for an aggregate purchase price of €3,390 thousand. (2) The Company issued an aggregate of 5,761,067 newly issued ordinary shares as a result of the exercise of warrants in the first quarter of 2023. For additional information see Note 28 — Other current and non-current financial liabilities - Warrant liabilities. (3) As a result of the vesting of certain equity incentive arrangements, ordinary shares, which were previously held in treasury, were assigned to participants of the share-based payments plans. It includes: (a) 588,000 ordinary shares delivered to the CEO under the CEO 2022-2024 LTIP in relation to the 2022 performance period; (b) 240,000 ordinary shares delivered to the CEO under the CEO IPO PSUs plan. (c) 450,000 ordinary shares delivered to the directors of the Group (excluding the CEO), key executives with strategic responsibilities and other employees of the Group under the Management IPO PSUs plan. (d) 468,450 ordinary shares delivered to the CEO under the right to convert the CEO’s fixed remuneration in shares of the Company for an aggregate purchase price of €3,654 thousand. For additional information relating to the equity incentive arrangements of the Group, see Note 37 — Share-based payments . (4) On December 18, 2023, upon the fulfillment of the conditions outlined in the Company’s Articles of Association 154,981,350 Special Voting Shares A were issued and delivered to Monterubello s.s. and Ermenegildo (Gildo) Zegna di Monte Rubello for no consideration. 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; • legal reserves for subsidiaries consisting of earnings of subsidiaries and associates that are subject to restrictions on distributions to the Company for €17,856 thousand at December 31, 2023 (€22,183 thousand at December 31, 2022) and capitalized development costs recognized by subsidiaries of the Company for €4,277 thousand at December 31, 2023 (€3,095 thousand at December 31, 2022). Reserve for treasury shares At December 31, 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: At December 31, (€ thousands) 2023 2022 Share-based payments reserve 96,008 88,557 Non-controlling interests options reserve (183,525) (183,525) Other (66,479) (74,764) Other reserves (153,996) (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 options held by non-controlling interests in Thom Browne Group for €162,066 thousand at December 31, 2023 and 2022 originally recognized in 2018 and Gruppo Dondi S.p.A. for €21,459 thousand at December 31, 2023 and 2022 originally recognized in 2019. 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 €25,031 thousand. The dividend distribution was paid on July 28, 2023 and was made from the retained earnings reserve. At the Annual General Meeting of the Shareholders held on June 28, 2022, the shareholders approved a dividend distribution of €0.09 per ordinary share, corresponding to a total dividend of €21,852 thousand. The dividend distribution was paid on July 28, 2022 and was made from the retained earnings reserve.

Non-controlling interests

Non-controlling interests	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Non-controlling interests	26. Non-controlling interests The following tables show the financial information of consolidated companies not entirely controlled by the Group, as required by IFRS 12. The amounts disclosed for each subsidiary are before intercompany eliminations and at and for the year ended December 31, 2023 and 2022. At and for the year ended December 31, 2023 (Functional currency thousands) Country Group’s Non- Functional Total Total Net Net income / Dividends Company Thom Browne Inc. U.S.A. 90% 10% USD 378,736 199,275 411,192 49,988 — Ermenegildo Zegna Vietnam LLC Vietnam 90% 10% VTD 42,201,273 27,134,951 40,281,928 5,446,184 — Ermenegildo Zegna Madrid S.A. Spain 70% 30% EUR 4,591 1,811 5,412 34 — Gruppo Dondi S.p.A. Italy 65% 35% EUR 39,369 22,387 44,588 3,935 (708) E. Z. Thai Holding Ltd Thailand 49% 51% THB 12,338 (264) — (283) — Bonotto S.p.A. Italy 60% 40% EUR 25,596 10,974 25,657 2,709 (451) Tessitura Ubertino S.r.l. Italy 60% 40% EUR 8,404 4,863 11,051 1,479 (600) Cappellificio Cervo S.r.l. Italy 51% 49% EUR 2,186 938 3,281 119 (11) Zegna South Asia Private LTD India 51% 49% INR 732,458 271,079 473,553 71,215 — Zegna Gulf Trading LLC UAE 49% 51% AED 193,655 79,300 250,244 60,856 (17,150) The Italian Fashion Co. LTD Thailand 65% 35% THB 238,912 (2,053) 255,389 14,880 — Zegna for Retail of Readymade and Novelty Clothes W.L.L. Kuwait 49% 51% KWD 1,439 384 791 (227) — At and for the year ended December 31, 2022 (Functional currency thousands) Country Group’s Non- Functional Total Total Net Net income / Dividends Company Thom Browne Inc. U.S.A. 90% 10% USD 298,901 146,879 348,445 43,277 (2,000) Ermenegildo Zegna Vietnam LLC Vietnam 90% 10% VTD 59,373,311 21,638,614 45,647,540 7,913,295 — Ermenegildo Zegna Madrid S.A. Spain 70% 30% EUR 3,718 1,741 3,838 120 (90) Gruppo Dondi S.p.A. Italy 65% 35% EUR 39,469 20,507 47,655 4,901 (1,113) E. Z. Thai Holding Ltd Thailand 49% 51% THB 12,669 19 — (309) — Bonotto S.p.A. Italy 60% 40% EUR 23,739 9,431 24,552 2,075 (797) Tessitura Ubertino S.r.l. Italy 60% 40% EUR 8,351 4,921 10,245 983 (312) Cappellificio Cervo S.r.l. Italy 51% 49% EUR 1,630 864 2,371 85 — Zegna South Asia Private LTD India 51% 49% INR 590,989 199,864 395,827 76,155 — Zegna Gulf Trading LLC UAE 49% 51% AED 140,841 53,895 191,749 52,806 — The Italian Fashion Co. LTD Thailand 65% 35% THB 198,556 (16,584) 190,048 11,015 —

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Borrowings	27. Borrowings The following table provides a breakdown for non-current and current borrowings: 2023 2022 (€ thousands) Committed Loans Other financial loans Total borrowings Committed Loans Other financial loans Total borrowings At January 1, 470,627 428 471,055 578,213 50,725 628,938 Business combinations 21,258 8,632 29,890 — — — Repayments (298,256) (7,894) (306,150) (109,422) (50,297) (159,719) Proceeds 119,924 84,500 204,424 — — — Other 3,403 — 3,403 1,836 — 1,836 At December 31, 316,956 85,666 402,622 470,627 428 471,055 Of which: Non-current 113,244 41 113,285 184,661 219 184,880 Current 203,712 85,625 289,337 285,966 209 286,175 The repayment schedule for borrowings is summarized below: (€ thousands) At December 31, 2023 Year 1 Year 2 Year 3 Year 4 Year 5 and beyond Committed loans 316,956 203,712 84,936 19,670 4,586 4,052 Other financial liabilities 85,666 85,625 41 — — — Total borrowings 402,622 289,337 84,977 19,670 4,586 4,052 (€ thousands) At December 31, 2022 Year 1 Year 2 Year 3 Year 4 Year 5 and beyond Committed loans 470,627 285,966 137,206 35,387 3,994 8,074 Other financial liabilities 428 209 211 8 — — Total borrowings 471,055 286,175 137,417 35,395 3,994 8,074 Interest on certain of the Group’s borrowings is calculated based on variable rates. Management may use interest rate swaps (“IRS”) or other derivative financial instruments to hedge exposure to fluctuations in interest rates associated with monetary flows and not for speculative purposes. See Note 35 — Qualitative and quantitative information on financial risks for additional information related to the Group’s management of interest rate and other financial risks. The following tables provide details relating to the Group’s individual borrowings. At December 31, 2023 Borrower Interest rate Interest rate terms Expiry date of which current portion of which non-current portion (€ thousands) Co.Ti Service S.A. Fixed 0.75% August 2025 — 20,000 Co.Ti Service S.A. Fixed 0.75% April 2025 — 10,000 Ermenegildo Zegna N.V. Variable IRS + 0.60% December 2024 50,808 — Ermenegildo Zegna N.V. Variable IRS + 0.81% April 2024 81,351 — Ermenegildo Zegna N.V. Variable Euribor 1m + 0.79% May 2025 3,331 1,494 Ermenegildo Zegna N.V. Fixed 0.73% September 2028 3,979 16,034 Ermenegildo Zegna N.V. Variable Euribor 3m + 0.60% February 2024 20,078 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.77% December 2026 33 19,988 Ermenegildo Zegna N.V. Variable Euribor 6m + 0.97% December 2025 13 39,971 Ermenegildo Zegna N.V. Variable Euribor 3m + 0.80% February 2024 40,234 — Ermenegildo Zegna N.V. Fixed 4.00% February 2024 15,123 — Ermenegildo Zegna N.V. Variable Euribor 1m + 0.05% February 2024 19,592 — Ermenegildo Zegna N.V. Fixed 4.05% March 2024 35,122 — Ermenegildo Zegna N.V. Fixed 4.05% March 2024 15,052 — Lanificio Ermenegildo Zegna e Figli S.p.A. Fixed 1.35% June 2024 109 31 Tom Ford Distribution S.r.l. Fixed 1.57% October 2026 124 232 Tom Ford Distribution S.r.l. Variable Euribor 3m + 0.80% September 2024 384 — Tom Ford Distribution S.r.l. Fixed 2.20% June 2026 143 220 Tom Ford Distribution S.r.l. Variable Euribor 3m + 1.48% November 2026 199 408 Tom Ford Distribution S.r.l. Variable Euribor 3m + 1.48% November 2026 399 815 Tom Ford Distribution S.r.l. Fixed 1.60% January 2027 101 217 Tom Ford Distribution S.r.l. Fixed 2.02% November 2026 124 255 Tom Ford Distribution S.r.l. Variable IRS + 3.09% September 2027 716 2,035 Tom Ford Distribution S.r.l. Variable Euribor 1m + 0.45% January 2024 1,000 — Pelletteria Tizeta S.r.l. Variable Euribor 6m + 1.65% September 2026 195 368 Pelletteria Tizeta S.r.l. Fixed 2.02% October 2026 99 204 Pelletteria Tizeta S.r.l. Fixed 1.58% July 2026 124 201 Pelletteria Tizeta S.r.l. Fixed 1.63% August 2026 122 207 Pelletteria Tizeta S.r.l. Variable IRS + 1.39% December 2025 591 595 Other borrowings Fixed 0.05% - 0.49% Up to 2029 191 10 Total 289,337 113,285 of which fixed 70,413 47,611 of which variable 218,924 65,674 At December 31, 2022 Borrower Interest rate Interest rate terms Expiry date of which current portion of which non-current portion (€ thousands) Ermenegildo Zegna N.V. Variable IRS + 1.48% January 2023 20,099 — Ermenegildo Zegna N.V. Variable IRS + 0.80% February 2023 20,000 — Ermenegildo Zegna N.V. Fixed 0.77% March 2023 15,000 — Ermenegildo Zegna N.V. Fixed 0.49% April 2023 50,042 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.75% May 2023 45,139 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.86% June 2023 6,250 — Ermenegildo Zegna N.V. Variable IRS + 1.05% August 2023 40,168 — Ermenegildo Zegna N.V. Variable IRS + 0.78% November 2023 60,139 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.78% November 2023 5,000 — Ermenegildo Zegna N.V. Fixed 1.22% November 2023 20,000 — Ermenegildo Zegna N.V. Variable IRS + 0.81% April 2024 409 79,986 Lanificio Ermenegildo Zegna e Figli S.p.A. Fixed 1.35% June 2024 194 195 Ermenegildo Zegna N.V. Variable IRS + 0.60% December 2024 200 49,951 Co.Ti Service S.A. Fixed 0.75% March 2025 — 20,000 Co.Ti Service S.A. Fixed 0.75% April 2025 — 10,000 Ermenegildo Zegna N.V. Variable Euribor 1m + 0.77% May 2025 3,324 4,750 Ermenegildo Zegna N.V. Fixed 0.73% September 2028 33 19,973 Other borrowings Fixed 0.05% - 0.49% Up to 2029 178 25 Total 286,175 184,880 of which fixed 85,447 50,193 of which variable 200,728 134,687 At December 31, 2023, the Group has committed revolving lines amounting to an aggregate of €335 million with a maturity ranging between 5 to 7 years (€240 million at December 31, 2022 with a maturity of 7 years). A portion of the committed revolving lines (€190 million) have interest rates linked to the following two important Environment, Social and Governance (“ESG”) targets previously disclosed by the Group: (i) at least 50% of top priority raw materials are traced to their geography of origin and from lower-impact sources by 2026; and (ii) 100% of the electricity is from renewable sources in Europe and the United States by 2024. The lines were drawn down for €40 million at December 31, 2023 (undrawn at December 31, 2022).

Other current and non-current f

Other current and non-current financial liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure of financial liabilities [abstract]
Other current and non-current financial liabilities	28. Other current and non-current financial liabilities The following table provides a breakdown for other current and non-current financial liabilities: At December 31, (€ thousands) 2023 2022 Written put options on non-controlling interests 136,466 178,766 of which Thom Browne option 116,456 155,551 of which Dondi option 20,010 23,215 Other 90 27 Other non-current financial liabilities 136,556 178,793 Written put options on non-controlling interests 22,102 — of which Thom Browne option 22,102 — Warrant liabilities — 37,258 Other current financial liabilities 22,102 37,258 Total 158,658 216,051 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 three tranches. The exercise price of the option is established as the EBITDA of the Thom Browne Group recorded in 2023, 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 2024 to 2026. The liability was initially recognized against equity for €162,066 thousand, which was related to the put option of the 15% interest, and is remeasured at each reporting date in profit or loss based on the latest available information. In June 2021, the Group purchased an additional 5% of the Thom Browne Group for a total consideration of €30,653 thousand, following which the Group owns 90% of the Thom Browne Group. The liability related to this written put option at December 31, 2023 amounted to €138,558 thousand, of which €22,102 thousand was classified as current (relating to the first tranche representing 2% of the non-controlling interests that is based on 2023 EBITDA of the Thom Browne Group) and €116,456 thousand was classified as non-current (relating to the second and third tranches representing 5% and 3% of the non-controlling interests that are based on 2028 and 2030 EBITDA of the Thom Browne Group, respectively (€155,551 thousand at December 31, 2022 relating to all three tranches). 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 December 31, 2023 amounted to €20,010 thousand and was classified as non-current (€23,215 thousand at December 31, 2022). Warrant liabilities On February 27, 2023, the Group 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 the Group 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 aforementioned transactions, there are no remaining public or private placement warrants outstanding. At December 31, 2022, 13,416,636 public warrants and 6,700,000 private warrants were outstanding. The warrants were assumed by the Company from Investindustrial Acquisition Corp. (IIAC) as part of the Business Combination completed in December 2021.

Lease liabilities

Lease liabilities	12 Months Ended
	Dec. 31, 2023
Lease liabilities [abstract]
Lease liabilities	29. Lease liabilities The following table provides a breakdown for lease liabilities. (€ thousands) 2023 2022 At January 1, 443,507 438,052 Interest expense 17,030 9,882 Repayment of lease liabilities (including interest expense) (142,762) (124,321) Business combinations 160,869 — IFRS 16 lease amendment: lease renegotiation — (7,194) Additions due to new leases and store renewals 142,005 140,875 Decrease of lease liabilities due to store closures (14,750) (21,726) Translation differences (12,174) 7,939 At December 31, 593,725 443,507 Of which: Non-current 471,083 332,050 Current 122,642 111,457 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. The following table summarizes the lease liabilities by maturity date: (€ thousands) At December 31, Year 1 Year 2 Year 3 Year 4 Beyond 2023 593,725 122,642 102,631 82,248 68,876 217,328 2022 443,507 111,457 91,081 62,502 46,528 131,939 See Note 35 — Qualitative and quantitative information on financial risks—Liquidity risks for information relating to the contractual cash flows of the Group’s lease agreements.

Provisions for risks and charge

Provisions for risks and charges	12 Months Ended
	Dec. 31, 2023
Disclosure of other provisions [abstract]
Provisions for risks and charges	30. Provisions for risks and charges The provisions for risks and charges, which amount to €35,868 thousand in 2023 (€33,550 thousand in 2022), represent management’s best estimate of the amount of potential liabilities. In the Directors’ opinion, based on the information available to them, the total amount allocated for risks and charges at the reporting date is adequate in respect of the liabilities that could arise from the underlying circumstances. The following tables show the movement of the provision for risks and charges in 2023 and 2022: (€ thousands) Legal and fiscal risks Leased store restoration Refund liability returns Other provisions Total provisions At January 1, 2023 664 14,808 9,546 8,532 33,550 of which current — 909 9,546 3,514 13,969 of which non-current 664 13,899 — 5,018 19,581 Provisions 390 2,782 8,373 — 11,545 Releases (159) (1,533) (94) (2,810) (4,596) Utilizations (119) (1,515) (4,547) (539) (6,720) Exchange differences 43 (966) (282) 31 (1,174) Business Combination — 3,254 250 — 3,504 Reclassifications and other (49) (25) (154) (13) (241) At December 31, 2023 770 16,805 13,092 5,201 35,868 of which current 136 672 13,092 2,119 16,019 of which non-current 634 16,133 — 3,082 19,849 The Group is a defendant in various other legal and fiscal lawsuits arising in the ordinary course of business. It is the opinion of the management of the Company that it has meritorious defenses against all such outstanding claims, which the Company will vigorously pursue, and that the outcome of such claims, individually or in the aggregate, will not have a material adverse effect on the Group’s consolidated financial position or results of operations, except as otherwise described above.

Employee benefits

Employee benefits	12 Months Ended
	Dec. 31, 2023
Employee Benefits [Abstract]
Employee benefits	31. Employee benefits The following table presents a breakdown of employee benefits. At December 31, (€ thousands) 2023 2022 Italian leaving indemnities (TFR) 10,507 7,613 Other leaving indemnities 10,392 10,486 Post-employment benefits 7,247 5,675 Other long-term employee benefits 1,165 1,469 Termination benefits 334 311 Total defined benefit obligations 29,645 25,554 Other long-term payables to employees — 26,030 Total employee benefits 29,645 51,584 Defined benefit obligations The following table shows the changes in defined benefit obligations. (€ thousands) 2023 2022 At January 1, 25,554 32,029 Changes through statement of profit and loss 5,236 3,280 - of which: Service cost 4,342 3,018 - of which: Financial charges 894 262 Changes through statement of comprehensive income and loss (1,838) (755) - of which: Actuarial (gain)/loss (1,376) (1,220) - of which: Translation differences (462) 465 Benefits paid (2,566) (8,676) Business Combination 3,259 — Reclassifications and other — (324) At December 31, 29,645 25,554 Italian leaving indemnities relate to the Italian employee severance indemnity (“TFR”) obligation required under Italian Law and other leaving indemnities primarily relate to leaving indemnities relating to the Group’s subsidiaries in Spain and China. The following table summarizes the main financial assumptions used in determining the present value of the TFR and other leaving indemnities. At December 31, 2023 At December 31, 2022 Italy Spain China Italy Spain China Discount rate 2.90% / 3.40% 3.00% / 3.30% 2.60% 3.60% / 3.80% 3.70% / 3.80% 2.80% / 2.90% Inflation rate 2.00% / 3.00% 2.00% 1.50% / 9.00% 2.00% / 3.00% 1.00% 5.50% / 8.00% Turn-over rate 1.00% / 10.00% 4.00% / 5.00% 2.00% / 4.50% 0.50% / 7.90% 2.50% / 4.00% 3.50% / 5.50% In determining the defined benefit obligations of the Group’s Italian companies, the Group used the Italian National Institute of Statistics (“ISTAT”) benchmark for the estimated mortality rates in Italy, broken down by age and gender, while for defined benefit obligations of the Group’s non-Italian companies, the Group used the standard mortality rate benchmark for each individual country, broken down by age and gender. Estimated annual staff turnover rates have been calculated based on the individual companies’ data. The following table presents a quantitative sensitivity analysis for the main assumptions relating to the Group’s main employee benefit obligations and service costs. At December 31, 2023 At December 31, 2022 +50 bps -50 bps +50 bps -50 bps +50 bps -50 bps +50 bps -50 bps (€ thousands) Employee benefit obligations Service costs Employee benefit obligations Service costs Discount rate (797) 854 (107) 116 (720) 770 (109) 60 Inflation rate 728 (689) 113 (105) 680 (645) 61 (111) Turn-over rate 2,209 (3,292) 381 (570) 2,511 (3,708) 372 (582) The average duration of the defined benefit obligations for the Italian TFR at the end of the reporting period was 8.7 years (2022: 7.8 years), for leaving indemnities in China was 9.9 years (2022: 10.5 years) and for leaving indemnities in Spain was 9.7 years (2022: 8.2 years). Post-employment benefits at December 31, 2023 and 2022 primarily relate to the Group’s CEO. Other long-term payables to employees Other long-term payables at December 31, 2022 include €24,855 thousand related to bonuses earned by Senior Management Team which were expected to be paid in 2024 in accordance with the related contractual terms, which was classified as due to employees within other current liabilities at December 31, 2023. In 2023, the Group modified the contractual terms of the agreement in order to entitle Senior Management Team to settle a portion of the bonus in ordinary shares equal to a value of $7,500 thousand in 2024. As a result, the compensation that will be settled in ordinary shares is accounted for as equity-settled share-based compensation and measured at the fair value of the related compensation, with an offsetting increase to equity of €6,562 thousand.

Trade payables and customer adv

Trade payables and customer advances	12 Months Ended
	Dec. 31, 2023
Trade Payables and Customer Advances [Abstract]
Trade payables and customer advances	32. Trade payables and customer advances The following table provides a breakdown for trade payables and customer advances: At December 31, (€ thousands) 2023 2022 Trade payables 261,099 220,789 Customer advances 53,038 50,147 Total trade payables including customer advances 314,137 270,936

Other current and non-current l

Other current and non-current liabilities	12 Months Ended
	Dec. 31, 2023
Other Current Liabilities [Abstract]
Other current and non-current liabilities	33. Other current and non-current liabilities The following table provides a breakdown for other current and non-current liabilities: At December 31, (€ thousands) 2023 2022 Due to employees 90,864 44,705 VAT and other taxes 25,100 15,102 Accrued expenses 28,512 23,162 Social security institutions 21,260 11,660 Deferred income 9,790 7,650 Other current liabilities 29,487 16,549 Total other current liabilities 205,013 118,828 Other non-current liabilities 9,689 — Total other non-current liabilities 9,689 — Amounts due to employees include deferred compensation, accrued and untaken leave and related social contributions. At December 31, 2023, €43,034 thousand related to bonuses earned by key management that are expected to be paid in 2024 are also included in the amounts due to employees. Accrued expenses primarily include payroll accruals and rental expenses. At December 31, 2023, other current and non-current liabilities include deferred consideration related to the acquisition of the Thom Browne business in South Korea in 2023 of €18,991 thousand, of which €9,302 thousand is expected to be paid in 2024 and was classified as current and €9,689 thousand is expected to be paid in 2025 and was classified as non-current. For additional information see Note 39 — Business combinations .

Fair value measurement

Fair value measurement	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [abstract]
Fair value measurement	34. 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. For units in investment funds sensitivity has not been calculated as the valuation is made on the basis of the latest available net asset value (NAV). Categories of financial assets and liabilities according to IFRS 7 The following tables provide a breakdown for financial assets by category at December 31, 2023: At December 31, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 11,110 — 11,110 21 — 11,110 — Cash and cash equivalents — — 296,279 296,279 24 — 296,279 — Trade receivables — — 240,457 240,457 20 — 240,457 — Other non-current financial assets 4,421 — 29,477 33,898 18 — 30,133 3,765 Other current financial assets 56,880 28,440 5,597 90,917 22 29,581 7,970 53,366 Total Financial assets 61,301 39,550 571,810 672,661 29,581 585,949 57,131 The following table provides an additional breakdown for other current financial assets at December 31, 2023: At December 31, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Private equity 22,399 — — 22,399 — — 22,399 Money market funds and floating income 2,093 16,692 — 18,785 16,692 2,093 — Real estate funds 12,146 — — 12,146 — — 12,146 Fixed income — 11,748 — 11,748 11,748 — — Private debt 10,106 — — 10,106 — 280 9,826 Hedge funds 8,995 — — 8,995 — — 8,995 Guarantee deposits — — 5,431 5,431 — 5,431 — Equity 1,141 — — 1,141 1,141 — — Financial receivables — — 166 166 — 166 — Total other current financial assets 56,880 28,440 5,597 90,917 29,581 7,970 53,366 The following table presents the changes in level 3 items for the years ended December 31, 2023 and 2022: (€ thousands) Fair value 2023 2022 At January 1 215,727 201,290 Investments 10,140 21,343 Disposals (169,645) (12,529) Fair value adjustments 1,647 4,355 Realized gains (49) 254 Exchange rate gains (689) 1,014 At December 31 57,131 215,727 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 NAV. 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 21 — 22,454 — Cash and cash equivalents — — 254,321 254,321 24 — 254,321 — Trade receivables — — 177,213 177,213 20 — 177,213 — Other non-current financial assets 3,958 — 32,282 36,240 18 — 32,861 3,379 Other current financial assets 289,743 26,852 4,299 320,894 22 30,076 78,470 212,348 Total 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 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts (*) 114,975 — — 114,975 — — 114,975 Fixed income 64,017 9,110 — 73,127 9,110 47,114 16,903 Hedge funds 46,761 — — 46,761 — 10,116 36,645 Real estate funds 12,129 — — 12,129 — — 12,129 Equity 14,592 — — 14,592 497 14,095 — Money market funds and floating income 2,587 17,742 — 20,329 17,742 2,587 — Private equity 18,311 — — 18,311 — — 18,311 Private debt 13,644 — — 13,644 — 259 13,385 Commodities 2,727 — — 2,727 2,727 — — Guarantee deposits and others — — 2,075 2,075 — 2,075 — Financial receivables — — 2,224 2,224 — 2,224 — Total other current financial assets 289,743 26,852 4,299 320,894 30,076 78,470 212,348 _________________ * A sensitivity analysis was performed at December 31, 2022 on the fair value of the Group’s insurance contracts (recorded within other current financial assets), with the support of an external actuarial expert, using the discounted cash flow method. The main assumptions used to perform the sensitivities are: (i) the vector of prospective returns is calculated from the last certified management rate (known at the valuation date) assuming a trend to the market forward rate, consistent with the current Italian government curve; (ii) the target duration has been assumed to be 5 years; (iii) the prospective investment returns are netted against the management fees; (iv) the cash flow projection was made in line with the underlying contractual conditions; (v) a probability of surrender has been assumed, based on market data and depending on the type of insurance contract considered, ranging from 5.61% to 8.31%. Based on the analysis performed, no significant differences from fair value were noted. 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 NAV. The following tables provide a breakdown for financial liabilities by category: At December 31, 2023 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 897 — 897 21 — 897 — Non-current borrowings — — 113,285 113,285 27 — 113,285 — Current borrowings — — 289,337 289,337 27 — 289,337 — Other non-current financial liabilities 136,466 — 90 136,556 28 — 136,466 90 Other current financial liabilities 22,102 — — 22,102 28 — 22,102 — Trade payables and customer advances — — 314,137 314,137 32 — 314,137 — Lease liabilities – Current / Non-current — — 593,725 593,725 29 — — 593,725 Financial liabilities 158,568 897 1,310,574 1,470,039 — 876,224 593,815 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 21 — 2,362 — Non-current borrowings — — 184,880 184,880 27 — 184,880 — Current borrowings — — 286,175 286,175 27 — 286,175 — Other non-current financial liabilities 178,766 — 27 178,793 28 — 178,766 27 Other current financial liabilities 37,258 — — 37,258 28 37,258 — Trade payables and customer advances — — 270,936 270,936 32 — 270,936 — Lease liabilities – Current / Non-current — — 443,507 443,507 29 — — 443,507 Financial liabilities 216,024 2,362 1,185,525 1,403,911 — 960,377 443,534

Qualitative and quantitative in

Qualitative and quantitative information on financial risks	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Qualitative and quantitative information on financial risks	35. Qualitative and quantitative information on financial risks The Group is exposed to several financial risks connected with its operations: • financial market risk, primarily related to foreign currency exchange rates, interest rates and commodity prices; • liquidity risk relating to the availability of funds and access to credit, if required, and to financial instruments in general; • credit risk relating to counterparties failing to repay amounts owed or meet contractual obligations. These risks could significantly affect the Group’s financial position, results of operations and cash flows, and for this reason the Group identifies and monitors these risks, in order to detect potential negative effects in advance and take the necessary action to mitigate them, primarily through the Group’s operating and financing activities and if required, through the use of derivative financial instruments. A summary of qualitative and quantitative factors relating to these risks is provided below. The quantitative data reported in the following section does not have any predictive value. In particular, the sensitivity analysis on finance market risks does not reflect the complexity of the market or the reaction which may result from any changes that are assumed to take place. Foreign currency risk The Group operates in numerous markets worldwide and is exposed to market risks stemming from fluctuations in currency exchange rates. The exposure to currency risk is mainly linked to the differences in geographic distribution of the Group’s sourcing and manufacturing activities from those in its commercial activities, as a result of which its cash flows from sales are denominated in currencies different from those related to purchases or production activities. In particular, the Group incurs a large portion of its capital and operating expenses in Euro (which is the Group’s functional and presentation currency) while it receives the majority of its revenues in currencies other than Euro (mainly in Chinese Renminbi, U.S. Dollars, Japanese Yen, United Arab Emirates Dirham and British Pound). Risk management is mainly centralized at the Group’s distribution companies. Goods transferred for consideration to associates are settled directly in the currency of the country where they operate and sell (with the exception of countries where local currency cannot be delivered outside the country). This creates the risk that the corresponding value in Euro of revenues at the moment of collection is insufficient to cover production costs or to achieve the desired profit margin. This risk is heightened during the period between the moment when the sale prices of a collection are set and the moment when revenues are converted into Euro, which may extend up to 18 months. For the Zegna and the Tom Ford Fashion segments, the Group manages risks associated with fluctuations in currency through financial hedging instruments, mainly forward contracts for the sale of foreign currencies, in order to establish the conversion rate in advance, or a predefined range of conversion rates at future dates. The Group continues to implement similar policies also for the Thom Browne segment, which has become more exposed to currency impact as it expands into international markets. For the years ended December 31, 2023, 2022 and 2021 the Zegna segment covered its exchange rate risk almost exclusively with currency forward exchange contracts. To this end, before the preparation of the price list and based on market expectations and conditions, the Group arranges hedges that cannot exceed 50% - 60% of forecast sales in foreign currencies. In the period following the preparation of the price list, the total outstanding hedge is adjusted on the basis of market conditions and of the orders effectively managed and entered into production. In addition, the Group controls and hedges exposure deriving from changes due to exchange rate changes in the value of assets or liabilities denominated in currencies other than the accounting currency of the individual company (typically intercompany financial receivables/payables), which may affect the Group’s net results, through financial instruments, whose recognition in accordance with IFRS follows the rules of fair value hedges: the profit or loss arising from subsequent remeasurements of the fair value of the hedging instrument and the hedged item are recorded within profit and loss. The hedges of the Group’s future transactions in foreign currencies (which can be classified as cash flow hedges pursuant to IFRS) are accounted for in accordance with hedge accounting rules. The Group has estimated the potential effects of a shock change of +/-5% on the main currencies to which the Group is exposed at each reporting date, by using internal assessment models based on generally accepted principles. The following table presents the potential effects on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s net balances of trade receivables and trade payables in foreign currencies. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Trade receivables and trade payables +500 bps -500 bps Trade receivables and trade payables +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD 145,836 (6,945) 7,676 59,523 (2,834) 3,133 JPY 22,735 (1,083) 1,197 17,055 (812) 898 CNY 113,962 (5,427) 5,998 43,398 (2,067) 2,284 HKD 24,843 (1,183) 1,308 19,139 (911) 1,007 GBP 16,283 (775) 857 (2,227) 106 (117) SGD 7,965 (379) 419 9,496 (452) 500 CHF (25,940) 1,235 (1,365) (9,285) 442 (489) KRW 23,753 (1,131) 1,250 n.a. n.a. n.a. Total 329,437 (15,688) 17,340 137,099 (6,528) 7,216 The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s hedged positions on the main currencies to which the Group is exposed. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD 117,479 5,594 (6,183) 53,320 2,539 (2,806) JPY 21,116 1,006 (1,111) 15,979 761 (841) CNY 96,021 4,572 (5,054) 42,817 2,039 (2,254) GBP 12,233 583 (644) (816) (39) 43 HKD 17,422 830 (917) 19,940 950 (1,049) CHF — — — — — — SGD 7,525 358 (396) 9,463 451 (498) KRW 11,999 571 (632) n.a. n.a. n.a. Total 283,795 13,514 (14,937) 140,703 6,701 (7,405) The following table presents the potential change in equity gross of tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s foreign currency hedging instruments on highly probable transactions. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on hedge reserve Impact on hedge reserve USD 75,308 3,586 (3,964) 61,821 2,944 (3,254) CHF — — — (8,272) (394) 435 JPY 9,181 437 (483) 10,433 497 (549) HKD 11,531 549 (607) 6,153 293 (324) GBP 20,924 996 (1,101) 8,280 394 (436) CNY 88,176 4,199 (4,641) 48,918 2,329 (2,575) SGD 4,709 224 (248) 5,206 248 (274) KRW — — — n.a. n.a. n.a. Total 209,829 9,991 (11,044) 132,539 6,311 (6,977) The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in the EUR/USD year-end exchange-rate, applied to the Thom Browne put option in U.S. Dollars on non-controlling interests (recorded within other non-current financial liabilities). At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD (116,456) 6,598 (7,293) (155,551) 7,407 (8,187) Total (116,456) 6,598 (7,293) (155,551) 7,407 (8,187) Interest rate risk Overall exposure to interest rate risk is monitored at the Group level through coordinated management of debt and available liquidity and of the relevant due dates. The Group’s principal sources of exposure to interest rate risk derive from loans and revolving credit lines at variable rates. At December 31, 2023, the notional value of interest rate swap derivatives to hedge the risk of a potential increase in the cost of servicing of financial debt due to fluctuations in market rates was €133,962 thousand (€320,000 thousand at December 31, 2022) with a positive fair value of €4,739 thousand (€9,379 thousand at December 31, 2022). The short-term portion of bank debt, used mainly to finance working capital needs, is not covered by interest rate hedges. The cost of bank debt is equal to Euribor for the period plus a spread that depends on the type of credit facility used. For the year ended December 31, 2023 a hypothetical 20% increase in short-term interest rates on such floating rate non-current financial liabilities, with all other variables held constant, would have resulted in financial expenses, on an annual basis, of approximately €8,124 thousand (€2,273 thousand for the year ended December 31, 2022). For the year ended December 31, 2023 a hypothetical 20% decrease in short-term interest rates on such floating rate non-current financial liabilities, with all other variables held constant, would have resulted in financial expenses, on an annual basis, of approximately €5,774 thousand (€1,670 thousand for the year ended December 31, 2022). The following table presents the sensitivity on floating rate borrowings not covered by interest rate swaps. At December 31, 2023 Amount Total interest rate (*) Interest expense -20% Impact on profit before tax +20% Impact on profit before tax (€ thousands, except percentages) 4,829 4.690% 226 3.910% 189 5.470% 264 20,000 4.560% 912 3.770% 754 5.360% 1,071 20,000 4.770% 954 3.970% 794 5.570% 1,114 40,000 4.900% 1,960 4.110% 1,645 5.680% 2,274 40,000 4.850% 1,940 4.040% 1,616 5.660% 2,264 19,500 3.910% 761 3.130% 611 4.680% 912 384 4.800% 18 4.000% 15 5.600% 22 608 5.480% 33 4.680% 28 6.280% 38 1,217 5.480% 67 4.680% 57 6.280% 76 1,000 4.450% 45 3.650% 37 5.250% 53 565 5.700% 32 4.890% 28 6.510% 37 148,103 6,949 5,774 8,124 _________________ * The overall rate indicated is compounded of the fixed spread plus the variable rate (+-20% is on the variable rate). At December 31, 2022 Amount Total interest rate (*) Interest expense -20% Impact on profit before tax +20% Impact on profit before tax (€ thousands, except percentages) 5,000 3.091% 155 2.629% 131 3.553% 178 6,250 3.620% 226 2.760% 173 3.928% 246 8,080 2.690% 217 2.304% 186 3.064% 248 45,000 3.090% 1,391 2.622% 1,180 3.558% 1,601 64,330 1,989 1,670 2,273 _________________ * The overall rate indicated is compounded of the fixed spread plus the variable rate (+-20% is on the variable rate). Liquidity risk Liquidity risk represents the risk that the Group cannot meet its financial obligations due to problems in obtaining funds at current market price conditions (funding liquidity risk) or in liquidating assets on the market to find the necessary financial resources (asset liquidity risk), which could negatively impact the Group’s results if the Group is forced to incur additional costs to obtain liquidity or meet its commitments. The following tables summarize the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities: (€ thousands) Within Within Within Beyond Total contractual cash flows Carrying amount at December 31, 2023 Derivative financial instruments 897 — — — 897 897 Trade payables and customer advances 314,137 — — — 314,137 314,137 Borrowings 294,537 88,235 20,123 8,705 411,600 402,622 Lease liabilities 142,283 119,128 95,035 320,141 676,587 593,725 Other current and non-current financial liabilities 22,102 — — 136,556 158,658 158,658 Total 773,956 207,363 115,158 465,402 1,561,879 1,470,039 (€ thousands) Within Within Within Beyond Total contractual cash flows Carrying amount at December 31, 2022 Derivative financial instruments 2,362 — — — 2,362 2,362 Trade payables and customer advances 270,936 — — — 270,936 270,936 Borrowings 290,470 139,257 36,536 16,650 482,913 471,055 Lease liabilities 119,287 97,148 66,812 193,368 476,615 443,507 Other current and non-current financial liabilities 37,258 23,632 — 155,161 216,051 216,051 Total 720,313 260,037 103,348 365,179 1,448,877 1,403,911 The factors which mainly influence the Group’s liquidity are the resources generated or absorbed by current operating and investing activities, the possible distribution of dividends, the maturity or refinancing of debt and the management of surplus cash. Liquidity needs or surpluses are monitored on a daily basis by the Parent Company in order to guarantee effective sourcing of financial resources or adequate investment of excess liquidity. The negotiation and management of credit lines is coordinated by the Parent Company with the aim of satisfying the short and medium-term financing needs of the individual companies within the Group according to efficiency and cost-effectiveness criteria. It has always been the Group’s policy to sign and constantly maintain with various and diversified banks a total amount of committed credit lines that is considered consistent with the needs of the individual companies and suitable to ensure at any time the liquidity needed to satisfy and comply with all the Group’s financial commitments, at the established economic conditions, as well as guaranteeing the availability of an adequate level of operational flexibility for any expansion programs. Credit risk Credit risk is defined as the risk of financial loss caused by the failure of a counterparty to repay amounts owed or meet its contractual obligations. The maximum risk to which an entity is exposed is represented by all the financial assets recognized in the financial statements. Management considers its credit risk to relate primarily to trade receivables generated from the wholesale channel and mitigates the related effects through specific commercial and financial strategies. With regards to trade receivables, credit risk management is carried out by monitoring the reliability and solvency of customers, as well as through insurance agreements. The following table provides the aging of trade receivables: (€ thousands) Not yet due 0-120 days overdue 121-180 days overdue >180 days overdue Total Trade receivables, gross 189,324 46,078 6,907 4,829 247,138 Loss allowance (418) (1,387) (1,262) (3,614) (6,681) Total trade receivables at December 31, 2023 188,906 44,691 5,645 1,215 240,457 Trade receivables, gross 146,486 29,772 1,877 5,590 183,725 Loss allowance (894) (1,287) (278) (4,053) (6,512) Total trade receivables at December 31, 2022 145,592 28,485 1,599 1,537 177,213

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Related party transactions	36. 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 the Group’s associates and joint arrangements, members of the Group Board 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 primarily of a 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 in 2020 by the Group to TFI (which at the time was an associate of the Group) for an amount of $7,500 thousand in relation to its payment obligations under a bank loan issued to TFI. Such guarantee was subsequently reduced to $6,875 thousand in 2022 and terminated 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. and Luigi Fedeli e Figlio S.r.l.. Transactions with Monterubello and companies controlled by Monterubello or its shareholders, the Company’s directors or Senior Management Team • 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. • The Disposition, which was completed in November 2021, of certain of its businesses, through the statutory demerger under Italian law to a new company owned by its existing shareholders. The Disposition included, inter alia, the Group’s real estate business, consisting of the Group’s former subsidiary EZ Real Estate, which directly and indirectly holds substantially all of the real estate assets formerly owned by the Group, as well as certain properties previously owned by Lanificio. • Following the Disposition, the rental of properties from EZ Real Estate or its subsidiaries under lease agreements. • Following the Disposition, the Group receives licensing, marketing and other sustainability-related services from Oasi Zegna. • As part of the Disposition, on January 14, 2021, the Group sold 70% of its equity stake in Agnona to a related party for consideration of €1 and as a result Agnona was deconsolidated from the beginning of the year and became a related party of the Group. The Group subsequently disposed of the remaining 30% stake in Agnona in two tranches during September and October 2021 for total consideration of €500 thousand. Following the initial disposal of Agnona, the Group sold products and recharged costs for services to Agnona, as well as compensated amounts related to losses incurred by Agnona subsequent to the Group’s sale of a majority stake in accordance with the terms of the related sale agreement. • 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 the Thom Browne Group and Lanificio 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 the Thom Browne Group and Lanificio. In July 2021, the Group purchased the additional 10% of Lanificio for a total consideration of €9,600 thousand, following which the Group owns 100% of Lanificio. In June 2021, the Group purchased an additional 5% of the Thom Browne Group for a total consideration of €30,653 thousand, following which the Group owns 90% of the Thom Browne Group. For additional information relating to the Thom Browne put contract see Note 28 — Other current and non-current financial liabilities . Transactions with other related parties connected to directors and shareholders, including in connection with the Business Combination in 2021 • 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. In connection with the closing of the Business Combination and the public listing of the Company (as further described in the Note 1 — General information ), the Company entered into various transactions with Monterubello and other shareholders and related parties, including the following: • The repurchase by the Company of 54,600,000 of its own shares from Monterubello for total consideration of €455,000 thousand. • The reimbursement to the Company by Monterubello of a special gift to all employees of the Group for an amount of €10,923 thousand. • The issuance of 800,000 private warrants to certain Non-Executive Directors, for which the Group recognized personnel costs of €1,236 thousand and an offsetting increase to other reserves within equity for the year ended December 31, 2021. As a result of a warrant redemption completed on February 27, 2023, there are no remaining private warrants outstanding. For additional information see Note 28 — Other current and non-current financial liabilities . • The grant of equity-settled share-based payments to key management. For additional information see Note 37 — Share-based payments . • In connection with the Business Combination, certain of the Company’s related parties (including certain directors and officers and affiliates of Monterubello) entered into PIPE Subscription Agreements with the Company pursuant to which they subscribed for ordinary shares at the closing of the Business Combination. The amount of each such subscription was immaterial. Under the terms of the PIPE Subscription Agreements, such related parties are entitled to certain registration rights in respect of their ordinary shares. In addition, at the Closing of the Business Combination, the Company entered into certain agreements with related parties, including the Shareholders Agreement, the Zegna Shareholders Lock-Up Agreement, the IIAC Sponsor Lock-Up Agreement and the Registration Rights Agreement. Such agreements are filed as exhibits to this annual report on Form 20-F. The following table summarizes transactions with related parties for the years ended December 31, 2023, 2022 and 2021. For the year ended December 31, 2023 2022 2021 (€ thousands) Revenues Cost of sales Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Associates TFI Group (1)(2) 3,233 288 740 — (7) — 35,525 — 6,396 — 136 — 23,047 — 7,730 — 596 — Filati Biagioli Modesto S.p.A. 5 4,782 141 — 96 — — 3,304 61 — — — 49 177 — — — — Norda Run Inc. — 2,072 122 — — (14) — — — — — — — — — — — — Pelletteria Tizeta S.r.l. (1) — — — — — — 1 — — — — — — — — — — — Luigi Fedeli e Figlio S.r.l. 86 85 — — — — — — — — — — — — — — — — Total associates 3,324 7,227 1,003 — 89 (14) 35,526 3,304 6,457 — 136 — 23,096 177 7,730 — 596 — Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team EZ Real Estate (3) 4 2,580 4,100 2,072 (545) — 8 2,545 3,638 — (490) — 58 830 1,659 84 — — Schneider Group 25 14,209 14 — — 23 14,785 52 — — — 20 5,623 — — — — Alan Real Estate S.A. (3) — 1,650 3,100 — (310) (8) 1,692 1,415 — (13) — — 274 520 — — — Agnona S.r.l. 64 35 210 32 (1) (1) 195 262 81 — — — 373 — 5,665 — — — 61 West 23rd Street LLC (3) — — — — — — — — (16) — — — — — (14) — — — Other companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team (4) 195 5,827 614 6 3 — 1 6,086 33 — (8) — 9 491 — — (40) — Other related parties connected to directors and shareholders UBS Group AG — — 3,108 — (1,522) 350 — — — — — — — — — — — — Other — — 3,038 — — — — — 2,563 — — — — — 1,284 — (20,675) — Total transactions with related parties 3,612 31,528 15,187 2,110 (2,286) 327 35,753 28,674 14,223 — (375) — 23,556 7,395 16,844 84 (20,119) — Total for the Group 1,904,549 680,235 901,364 114,802 (30,839) (5,262) 1,492,840 564,832 695,084 85,147 (41,026) (7,869) 1,292,402 495,702 822,897 67,831 2,066 (7,791) _________________ (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 year ended December 31, 2023 (€3,956 thousand and €4,081 thousand for the year ended December 31, 2022 and 2021, respectively). (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. The following table summarizes assets and liabilities with related parties at December 31, 2023 and 2022. At December 31, 2023 At December 31, 2022 (€ thousands) Non-current Current assets Non-current liabilities Current liabilities Non-current Current assets Non-current liabilities Current liabilities Associates TFI Group (1) — — — — — 11,808 — 366 Filati Biagioli Modesto S.p.A. — 598 — 927 — 2,200 — 2,830 Norda Run Inc. — — — 2 — — — — Pelletteria Tizeta S.r.l. (1) — — — — — 1 — — Luigi Fedeli e Figlio S.r.l. — 3 — — — — — — Total associates — 601 — 929 — 14,009 — 3,196 Monterubello and Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team Monterubello — — — — — — — Agnona S.r.l. — 55 — 56 — 32 — 67 Schneider Group — — — 4,176 — 4 — 4,102 EZ Real Estate (2) 43,215 82 37,320 8,503 41,671 69 35,776 6,476 61 West 23rd Street LLC (2) — — — — — 24 — — Alan Real Estate S.A. (2) 37,154 — 33,245 5,291 9,875 — 7,565 2,471 Other companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team (3) 406 188 — 2,144 — 240 — 2,204 Other related parties connected to directors and shareholders UBS Group AG — 43,202 20,000 3,017 — — — — Other — — — 530 — — — 384 Total transactions with related parties 80,775 44,128 90,565 24,646 51,546 14,378 43,341 18,900 Total for the Group 1,479,375 1,287,636 853,992 1,012,123 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. The following table summarizes remuneration of and outstanding balances with the directors of the Group and key executives with strategic responsibilities: Key Management Personnel Outstanding Balance (Euro thousands) Short-term employee benefits (1) Post- employment benefits Other long-term benefits Share-based payments Financial income Employee benefits Other current and non-current financial liabilities (2) Other current liabilities Non-current financial assets 2023 17,516 3,047 9,110 14,251 — 4,346 138,558 43,034 — 2022 17,337 1,015 13,623 9,358 (24) 28,648 156,782 6,861 2,240 2021 16,853 4,012 8,702 14,012 — 12,865 135,726 7,990 2,219 __________________ (1) Includes corporate bodies fees, consultancy fees and personnel compensation. (2) Primarily relates to liabilities on put contracts entered into as part of the Group’s investments in Thom Browne and Lanificio (in 2021).

Share-based payments

Share-based payments	12 Months Ended
	Dec. 31, 2023
Share-based payment arrangements [Abstract]
Share-based payments	37. Share-based payments The Group has several equity incentive arrangements under which share-based payments have been awarded to the Chief Executive Officer (“CEO”), other members of the Senior Management Team 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 of the Company ordinary share, and are further described below. 2023 Restricted Stock Units Plan In October 2023, the Company granted 170,000 RSUs to Senior Management Team (the “2023 RSUs Plan”), of which: • 80,000 RSUs vest in two equal installments on April 10, 2024 and December 10, 2024, in connection with the achievement of the service condition through the vesting periods, and • 90,000 RSUs vest in three equal installments on December 10, 2024, December 10, 2025, and December 10, 2026, in connection with the achievement of the service condition through the vesting periods. For the year ended December 31, 2023, the Group recognized €499 thousand as share-based compensation expense and an offsetting increase to other reserves within equity in relation to the 2023 RSUs Plan. At December 31, 2023, unrecognized compensation expense relating to the 2023 RSUs Plan amounted to €1,680 thousand and is expected to be recognized over the remaining vesting periods. The following table summarizes the fair value for accounting purposes at grant dates and the key assumptions used in the valuation: 2023 RSUs Fair value €12.64 - €12.95 Grant date share price €12.95 Dividend yield 0.801% Risk-free rate 4.93% - 5.46% The following table summarizes the changes in the number of the outstanding number awards under the 2023 Restricted Stock Units Plan, all of which were unvested: 2023 RSUs Outstanding at December 31, 2022 — Granted 170,000 Outstanding at December 31, 2023 170,000 Long-Term Incentive Awards 2022-2025 In 2022, the Company granted the following equity-settled share-based payments to Senior Management Team (excluding the CEO) and certain other employees of the Group: (i) A target number of 1,461,950 PSUs (the “ 2022-2024 PSUs ”) that vest in 2025 based on the achievement of defined targets related to the Adjusted EBIT and the change in the adjusted net financial indebtedness/(cash surplus) compared to the previous year for the performance periods 2022, 2023 and 2024, and the recipient’s continued service to the Group at the date of vesting. Each of the performance targets will be settled independently of the other target and the total number of shares to be assigned upon vesting depends on the level of achievement of the performance targets, as well as a multiplier that is based on the performance of certain environmental, social and governance indicators over the performance period. In case of over- or underachievement of the targets and/or the multiplier, the number of awards that vest will be adjusted according to predefined parameters. For the year ended December 31, 2023, the Group recognized €4,062 thousand as share-based compensation expense and an offsetting increase to other reserves within equity in relation to the 2022-2024 PSUs (€2,816 thousand for the year ended December 31, 2022). At December 31, 2023 unrecognized compensation expense relating to the 2022-2024 PSUs amounted to €4,408 thousand and is expected to be recognized over the remaining vesting period through 2024. (ii) Up to a maximum of 626,550 RSUs (the “ 2022-2025 RSUs ”) that vest in 2026 based on the recipient’s continued service with the Group. For the year ended December 31, 2023, the Group recognized €1,456 thousand as share-based compensation expense and an offsetting increase to other reserves within equity in relation to the 2022-2025 RSUs (€1,046 thousand for the year ended December 31, 2022). At December 31, 2023, unrecognized compensation expense relating to the 2022-2025 RSUs amounted to €3,123 thousand and is expected to be recognized over the remaining vesting period through 2025. The fair value of the 2022-2024 PSUs and the 2022-2025 RSUs for accounting purposes was measured at the grant dates using a Monte Carlo Simulation model. The following table summarizes the fair value for accounting purposes at grant dates and the key assumptions used in the valuation: 2022-2024 PSUs 2022-2025 RSUs Fair value €8.68 - €11.52 €8.62 - €11.40 Grant date share price €9.71 - €12.68 Expected volatility based on the historical and implied volatility of a group of comparable companies 35.0% - 37.5% Dividend yield 0.90% - 1.24% Risk-free rate 1.96% - 4.86% 2.07% - 4.05% The following table summarizes the changes in the number of the outstanding number awards under the Long-Term Incentive Awards 2022-2025, all of which were unvested: 2022-2024 PSUs 2022-2025 RSUs Total Awards Outstanding at December 31, 2021 — — — Granted 1,461,950 626,550 2,088,500 Forfeited (95,900) (41,100) (137,000) Outstanding at December 31, 2022 1,366,050 585,450 1,951,500 Granted 114,800 49,200 164,000 Outstanding at December 31, 2023 1,480,850 634,650 2,115,500 CEO equity-settled share-based payments In February 2021 and as amended in July 2021 and August 2022, the Company granted the following equity-settled share-based payments to the CEO: (i) Up to a maximum of 2,520,000 PSUs (the “ CEO 2022-2024 PSUs ”) that vest in three tranches in 2023, 2024 and 2025 according to the achievement of defined targets based on the Group’s Adjusted EBIT and the change in the adjusted net financial indebtedness/(cash surplus) (as defined in the related agreement) compared to the previous year for the performance periods 2022, 2023 and 2024, and the CEO’s continued service to the Group at the date of vesting. Each of the performance targets will be settled independently of the other target and the total number of shares to be assigned upon vesting depends on the level of achievement of the performance targets, as well as a multiplier that is based on the performance of certain ESG indicators over the performance period. For the year ended December 31, 2023, the Group recognized €4,266 thousand as share-based compensation expense and an offsetting increase to other reserves within equity in relation to the CEO 2022-2024 PSUs (€6,789 thousand and €6,138 thousand for the years ended December 31, 2022 and 2021, respectively). At December 31, 2023, unrecognized compensation expense relating to the CEO 2022-2024 PSUs amounted to €1,842 thousand and is expected to be recognized over the remaining vesting periods through 2024 (€6,108 thousand at December 31, 2022). The fair value of the CEO 2022-2024 PSUs for accounting purposes was €7.43 to €9.13 per PSU and was measured at the grant dates using a Monte Carlo Simulation model. Key assumptions used in the valuation include the following: (i) grant date share price: €7.43 per share to €9.13 per share (ii) expected volatility: 30%-40% based on the historical and implied volatility of a group of comparable companies, (iii) risk free rate: 0%. 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. At December 31, 2023 1,932,000 2022-2024 PSUs were outstanding and unvested. (ii) The right to buy a maximum number of 15,832 shares of the Company (791,600 shares following the Share Split) for a purchase price of €186 per share (€3.72 per share following the Share Split) (the “ CEO Stock Options ”). In May 2021, the CEO exercised the option and purchased 15,832 shares of the Company (791,600 shares following the Share Split) for total consideration of €2,946 thousand. For the year ended December 31, 2021, the Company recognized €2,938 thousand as share-based compensation expense and an offsetting increase to other reserves within equity, representing the difference between the fair value of the shares sold and the consideration received. (iii) The share purchase rights, under which the CEO is entitled to purchase ordinary shares of the Company at a rate based on a multiplier of EBIT, for a maximum amount corresponding to his base salary, net of personal income tax, plus short-term variable cash compensation for the previous year (the “ CEO Remuneration in Shares ”). The annual right vests each year and can be exercised directly by the CEO within 12 months after the end of each year. In June 2022, as a result of the exercise of the share purchase rights, 459,086 ordinary shares, which were previously held in treasury, were delivered to the CEO for an aggregate purchase price of €3,390 thousand. In June 2023, as a result of the exercise of the share purchase rights, 468,450 ordinary shares, which were previously held in treasury, were delivered to the CEO for an aggregate purchase price of €3,654 thousand. (iv) 600,000 PSUs related to the Company’s public listing (the “ CEO IPO PSUs ”), of which: • 240,000 CEO IPO PSUs vest upon the satisfaction of the following conditions: (i) a public listing of the Company’s shares, and (ii) a Company share price of at least $11.50 for twenty • 360,000 CEO IPO PSUs vest upon the satisfaction of the following conditions: (i) a public listing of the Company’s shares, (ii) a Company share price of at least $12.50 for twenty For the year ended December 31, 2023, the Group recognized €840 thousand as share-based compensation expense in relation to the CEO IPO PSUs and an offsetting increase to other reserves in equity (€840 thousand and €2,047 thousand for the years ended December 31, 2022 and 2021, respectively). The fair value of the CEO IPO PSUs for accounting purposes was €5.77 to €6.93 per PSU and was measured at the grant date using a Monte Carlo Simulation model. Key assumptions used in the valuation include the following: (i) grant date share price: $10.48 (ii) expected volatility: 30% based on the historical and implied volatility of a group of comparable companies, (iii) risk free rate: 0.73%. 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, 240,000 CEO IPO PSUs vest and the same number of ordinary shares held in treasury were delivered to the CEO in the second quarter of 2023. At December 31, 2023 360,000 CEO IPO PSUs vested as a result of the achievement of the vesting conditions applicable to the second tranche of the awards under the IPO Performance Bonus plan conditioned upon the completion of the public listing of the Company’s shares by December 31, 2021, the attainment of predefined targets relating to the Company’s share price and the recipient’s continued employment with the Company from the award grant date until December 31, 2023. The same number of ordinary shares held in treasury will be delivered to the CEO in due course. Management IPO equity-settled share-based payments In December 2021, the Company granted 900,000 PSUs to the directors of the Group (excluding the CEO), key executives with strategic responsibilities and other employees of the Group (the “ Management IPO PSUs ”), of which: • 450,000 Management IPO PSUs vest upon the satisfaction of the following conditions: (i) a public listing of the Company’s shares before December 31, 2021 and, (ii) a Company share price of at least $11.50 for ten • 450,000 Management IPO PSUs vest upon the satisfaction of the following conditions: (i) a public listing of the Company’s shares before December 31, 2021, (ii) a Company share price of at least $12.50 for twenty For the year ended December 31, 2023, the Group recognized €1,300 thousand as share-based compensation expense in relation to the Management IPO PSUs (€1,297 thousand and €3,349 thousand for the years ended December 31, 2022 and 2021, respectively). The fair value of the Management IPO PSUs for accounting purposes was €6.18 to €7.35 per PSU and was measured at the grant dates using a Monte Carlo Simulation model. Key assumptions used in the valuation include the following: (i) grant date share price: $10.48 (ii) expected volatility: 30% based on the historical and implied volatility of a group of comparable companies, (iii) risk free rate: 0.73%. The following table summarizes the changes in the number of the outstanding number awards under the Management IPO equity-settled share-based payments: Management IPO PSUs Outstanding at December 31, 2021 900,000 Forfeited (20,000) Outstanding at December 31, 2022 880,000 Vested (880,000) Outstanding at December 31, 2023 — 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, 450,000 Management IPO PSUs vest and the same number of ordinary shares held in treasury were delivered to the directors of the Group (excluding the CEO), key executives with strategic responsibilities and other employees of the Group in the second quarter of 2023. At December 31, 2023 430,000 Management IPO PSUs vested as a result of the achievement of the vesting conditions applicable to the second tranche of the awards under the IPO Performance Bonus plan conditioned upon the completion of the public listing of the Company’s shares by December 31, 2021, the attainment of predefined targets relating to the Company’s share price and the recipient’s continued employment with the Company from the award grant date until December 31, 2023. The same number of ordinary shares held in treasury will be delivered to the directors of the Group (excluding CEO) in due course. As part of the Business Combination, the Company issued 800,000 private warrants to certain Group’s non-executive directors (the “ Private Warrant Awards ”) and recognized €1,236 thousand as share-based compensation expense and an offsetting increase to other reserves within equity for the year ended December 31, 2021. Management stock options In 2021 a member of key management exercised a right to buy 16,237 shares of the Company (811,850 shares following the Share Split) for a purchase price of €137 per share (€2.74 per share following the Share Split) (the “ Management Stock Options ”) for total consideration of €2,216 thousand. For the year ended December 31, 2021, the Group recognized €3,834 thousand as share-based compensation expense and an offsetting increase to other reserves within equity. Non-executive directors remuneration in shares Under the Group’s remuneration policy, non-executive directors will receive 50% of their annual base remuneration in cash and 50% in the Company’s ordinary shares (“ Non-Executive Directors’ Equity Compensation” ). The number of ordinary shares in the Company to be assigned to the non-executive directors is determined based on the closing share price of the Company’s ordinary shares on the last trading date of the month preceding the grant date. If a non-executive director

Notes to consolidated cash flow

Notes to consolidated cash flow statement	12 Months Ended
	Dec. 31, 2023
Notes to Consolidated Cash Flow Statement [Abstract]
Notes to consolidated cash flow statement	38. Notes to consolidated cash flow statement Operating activities Other non-cash expenses/(income), net in the consolidated cash flow statement primarily include: • in 2023 and 2022: equity-settled share-based compensation and bonuses earned by the Senior Management Team and other employees of the Group that were not paid during the period; and • in 2021: (i) €114,963 thousand relating to the excess of the fair value of the Company’s ordinary shares issued as part of the Business Combination and the fair value of IIAC’s identifiable net assets acquired, (ii) €37,906 thousand for the issuance of 5,031,250 the Company’s ordinary shares, to be held in escrow, to the holders of IIAC class B shares, (iii) €16,290 thousand of equity-settled share-based compensation, and (iv) rent reductions received as a result of the COVID-19 pandemic and defined benefit obligations. The change in other operating assets and liabilities primarily relates to indirect taxes, accrued income and expenses, and deferred charges. Non-cash investing activities Non-cash investing activities primarily related to: • acquisitions of right-of-use assets of €141,995 thousand in 2023 (€137,781 thousand in 2022 and €148,299 thousand in 2021); • acquisitions of property, plant and equipment of €13,301 thousand in 2023 (€5,891 thousand in 2022 and €16,507 thousand in 2021); • acquisitions of intangible assets of €5,859 thousand in 2023 (€4,561 thousand in 2022 and €3,488 thousand in 2021), and • deferred consideration relating to the acquisition of the Thom Browne business in South Korea amounting to €18,583 thousand.

Business combinations

Business combinations	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
Business combinations	39. Business combinations Acquisition of Thom Browne business in South Korea On July 1, 2023, Thom Browne began directly operating its business in South Korea and its network of 17 stores. The business is now wholly owned through Thom Browne Korea Ltd., a newly formed and wholly owned company, and operates in the region with external support from the former franchise partner. Details of the purchase consideration, the net assets acquired and goodwill are as follows: (€ thousands) At acquisition date Cash consideration paid 7,991 Deferred consideration 18,583 Total consideration 26,574 At the acquisition date, the Group recognized the net present value of the deferred consideration related to the acquisition of the Thom Browne business in South Korea for €18,583 thousand. At December 31, 2023, the deferred consideration amounted to €18,991 thousand, of which €9,302 thousand is expected to be paid in 2024 and was classified within current liabilities and €9,689 thousand is expected to be paid in 2025 and was classified within non-current liabilities. The assets and liabilities recognized as a result of the acquisition are as follows: (€ thousands) Fair value at Inventories 1,054 Other current assets 800 Property, plant and equipment 949 Other current liabilities (123) Deferred tax liabilities (72) Net identifiable assets acquired 2,608 Goodwill 23,966 Net assets acquired including goodwill 26,574 Goodwill arising from the acquisition of €23,966 thousand is primarily attributable to the expected synergies from combining operations of the acquiree and the acquirer. Acquisition-related costs of €263 thousand were expensed. Details of the net cash outflows related to the acquisition are presented below. (€ thousands) At acquisition date Cash consideration paid (7,991) Net cash outflow - Investing activities (7,991) The acquired business contributed revenues of €19,668 thousand and a net loss of €1,003 thousand to the Group for the period from the date of acquisition until December 31, 2023. Acquisition of Tom Ford International (TFI) On April 28, 2023, the Group 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 the Group, operates a network of 51 directly operated TOM FORD FASHION stores globally at December 31, 2023. Before the completion of the TFI Acquisition, the 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 has been 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 17 — 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 the amortization and depreciation of certain acquired assets. Acquisition-related costs amounted to €5,436 thousand and were expensed in the consolidated statement of profit and loss. Details of the purchase consideration, previously equity interest held and the net assets acquired are presented below. (€ thousands) At acquisition date Cash consideration paid for 85% of TFI 91,619 Fair value of the previously equity interests held 21,505 Settlement of pre-existing intercompany balances 5,949 Total consideration 119,073 (€ thousands) Fair value at Cash and cash equivalents 109,667 Trade receivables 23,329 Inventories 82,694 Right-of-use assets 160,869 Intangible assets and property, plant and equipment 122,770 Other current and non-current assets 70,014 Other current and non-current liabilities (176,147) Current and non-current lease liabilities (160,869) Current and non-current borrowings (29,890) Trade payables and customer advances (28,942) Employee benefits (3,259) Deferred tax liabilities (51,163) Net identifiable assets acquired 119,073 Intangible assets and property, plant and equipment include the 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 €99,295 thousand and determined through an income approach based on the multi-period excess earnings 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. (Euro thousands) At acquisition date Consideration paid for 85% of TFI (91,619) Cash and cash equivalents acquired 109,667 Payment of TFI acquisition-related liabilities (127,158) Net cash outflow - Investing activities (109,110) TFI contributed revenues of €235,531 thousand and a loss of €14,926 thousand to the Group from the acquisition date until December 31, 2023 (including additional costs as a result of the purchase price accounting). If the acquisition had occurred on January 1, 2023, the consolidated statement of profit and loss for the year ended December 31, 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 15.7% and approximately 12.4%, respectively, of the related consolidated financial statement amounts at and for the year ended December 31, 2023. Trade receivables had a gross contractual value of €24,571 thousand and the best estimate at the acquisition date of the contractual cash flows not to be collected is €1,242 thousand. As part of the license agreement, the 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 one further 10 year period subject to certain minimum performance conditions. As part of the license agreement, the Group is required to pay minimum annual guaranteed royalties for the term of the license agreement. At December 31, 2023, the remaining minimum annual guaranteed royalties covering the first 10-year period of the license agreement were as follows (undiscounted): At December 31, 2023 (€ millions)* Due within 1 year 16.9 Due in 1 to 5 years 71.8 Due in 5 to 10 years 81.9 Total 170.6 (*) Translated from U.S. Dollars to Euro at the December 31, 2023 end of day exchange rate. For the remaining term of the license the minimum annual guaranteed royalties to be paid by the Group will be calculated based on a percentage of the net sales of the preceding annual period. The license agreement also requires the Group to make minimum investments for marketing activities as a percentage of net sales of the licensed products as per customary market practices. Acquisition of Tessitura Ubertino On June 4, 2021 the Group acquired 60% of Tessitura Ubertino, a company active in the textile business. As a result of acquisition, the Group has expanded its textile activities and product offering. Details of the purchase consideration, the net assets acquired and goodwill were as follows: (€ thousands) At acquisition date Cash consideration paid 5,880 Contingent consideration 1,170 Total consideration 7,050 The cash consideration of approximately €7,050 thousand included a €1,170 thousand earn-out payment, subject to Tessitura Ubertino achieving certain predetermined operating performance targets for the years 2021 and 2022. The operating performance targets for 2021 and 2022 were achieved and the earn-out payment, amounting to €1,170 thousand, was paid by the Group in cash, of which €585 thousand in 2022 and €585 thousand in 2023. (€ thousands) Fair value at Cash and cash equivalents 2,366 Trade receivables 1,681 Inventories 1,564 Other current assets 626 Property, plant and equipment 641 Intangible assets 4,200 Account payables (1,872) Other current liabilities (712) Employee benefits (272) Deferred tax liabilities (1,172) Net identifiable assets acquired 7,050 Less: Non-controlling interests (2,820) Goodwill 2,820 Net assets acquired including goodwill 7,050 Goodwill arising from the acquisition of €2,820 thousand is primarily attributable to the expected synergies from combining operations of the acquiree and the acquirer. The goodwill is not deductible for tax purposes. Minor acquisition-related costs were expensed and recorded within purchased, outsourced and other costs in the consolidated statement of profit and loss. The Group elected to recognize non-controlling interests at its proportionate share of the acquired net identifiable assets. The details of the net cash outflows related to the acquisition are shown below: (€ thousands) At acquisition date Cash consideration paid (5,880) Cash and cash equivalents acquired 2,366 Net cash outflow - Investing activities (3,514) Tessitura Ubertino was consolidated in the Group’s consolidated financial statements starting on June 4, 2021, and contributed revenues of €5,625 thousand and profit of €561 thousand to the Group from that date until December 31, 2021 and revenues of €11,015 thousand and profit of €1,479 thousand in 2023 (€10,210 thousand and €938 thousand in 2022, respectively). If the acquisition had occurred on January 1, 2021, the consolidated statement of profit and loss the year ended December 31, 2021 would have included additional revenues for €3,987 thousand and profit for the year of €674 thousand. Contingent deferred consideration relating to the acquisition of Gruppo Dondi S.p.A. In 2021 the Group paid contingent deferred consideration of €710 thousand relating to the acquisition of Dondi, which was completed in July 2019, based on the achievement of certain predetermined performance targets by Dondi.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	40. Subsequent events The Group has evaluated subsequent events through April 4, 2024 which is the date the Consolidated Financial Statements were authorized for issuance, and identified the following events, all of which are non-adjusting as defined in IAS 10: On January 1, 2024, the Group acquired the 100% interests in Ermenegildo Zegna Korea Co. Ltd. for a consideration of €9 million, through which, the Group began directly operating its South Korean business and its network of 15 stores. The purchase price allocation process is still at a preliminary stage due to the proximity of the acquisition date to the date of the issuance of the financial statements. Therefore, certain valuations have yet to commence or progress to a stage where there is sufficient information for these measurements to be made. The finalization of fair values for assets acquired and liabilities assumed, with limited exceptions as provided under IFRS 3, will occur during the one year measurement period provided for by IFRS 3. On January 30, 2024, the Group announced the renewal of its licensing agreement with Marcolin to produce ZEGNA-branded eyewear through the end of 2030, continuing the strong partnership built between the companies since it was launched in 2015. On January 30, 2024, the Board confirmed the level of achievement of the performance market condition and the service condition applicable at December 31, 2023 to the second tranche of awards under the CEO IPO PSUs. As a result of such confirmation, 360,000 ordinary shares vested at December 31, 2023 and will be delivered to the CEO in due course. On January 30, 2024, the Board confirmed the level of achievement of the performance market condition and the service condition applicable at December 31, 2023 to the second tranche of awards under the Management IPO PSUs. As a result of such confirmation, 430,000 ordinary shares vested at December 31, 2023 and will be delivered to the members of management in due course. On February 8, 2024, the Group announced plans to open a new luxury footwear and leather goods production facility in Sala Baganza (Parma, Italy). Encompassing 12,500 square meters, the facility is expected to be completed by the end of 2026 and will expand the Group’s production capacity, focusing mainly on men’s footwear and leather goods. The new facility will also act as a research and development center and is expected to employ over 300 employees at full capacity in 2027. In February 2024, the Group spent €8.5 million for the acquisition of the plot of land on which it will build the new facility. Details of the construction project, including the overall expenditure, are yet to be determined. On April 4, 2024, 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 2023 performance period. As a result of such determination, 588,000 ordinary shares vested and will be delivered to the Chairman and CEO in due course. On April 4, 2024, the Board of Directors of Zegna proposed to make a dividend distribution of €0.12 per share to holders of the Company's ordinary shares, corresponding to a total dividend distribution of approximately €30 million. The dividend proposal is subject to the finalization and adoption of the annual statutory accounts of the Company (provided that the distribution is permitted under Dutch law) and to the approval of the Company's shareholders at the 2024 annual general meeting, which is expected to be held on June 26, 2024.

Summary of material accountin_2

Summary of material accounting policy information (Policies)	12 Months Ended
	Dec. 31, 2023
Summary Of Accounting Policies [Abstract]
Basis of consolidation	Basis of consolidation Subsidiaries Subsidiaries are entities over which the Group has control. Control is achieved when the Group has the power over the investee, it is exposed, or has rights to, variable returns from its involvement with the investee, and has the ability to use its power to affect its returns. Subsidiaries are consolidated on a line by line basis from the date on which the Group obtains control. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Subsidiaries are deconsolidated from the date when control ceases. When the Group ceases to have control over a subsidiary, it derecognizes the assets (including any goodwill) and liabilities of the subsidiaries at their carrying amounts, derecognizes the carrying amount of non-controlling interests in the former subsidiary and recognizes the fair value of any consideration received from the transaction. Any retained interest in the former subsidiary is then remeasured to its fair value. The Group recognizes any non-controlling interests (“NCI”) in the acquiree on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interests’ share of the acquiree’s identifiable net assets. Net profit or loss and each component of other comprehensive income/(loss) are attributed to the owners of the parent and to the non-controlling interests.
Foreign currency transactions	Foreign currency transactions
Consolidation of foreign entities	Consolidation of foreign entities Upon consolidation, all assets and liabilities of Group entities with a functional currency other than the Euro are translated using the closing rates at the date of the consolidated statement of financial position. Income and expenses are translated into Euro at the average foreign currency exchange rate for the period. Translation differences resulting from the application of this method are recognized within other comprehensive income/(loss) and accumulated in the currency translation reserve until the disposal of the investment, at which date the accumulated amount is reclassified to profit/(loss). Average foreign currency exchange rates for the period are used to translate the cash flows of foreign subsidiaries in preparing the consolidated statement of cash flows. Goodwill, assets acquired and liabilities assumed arising from the acquisition of entities with a functional currency other than the Euro are recognized in the Consolidated Financial Statements in the functional currency and translated at the foreign currency exchange rate at the acquisition date. These balances are translated at subsequent balance sheet dates at the relevant foreign currency exchange rate. The following table presents the principal foreign currency exchange rates used by the Group to translate other currencies into Euro: 2023 2022 2021 At December 31, Average At December 31, Average At December 31, Average U.S. Dollar 1.105 1.081 1.067 1.053 1.133 1.183 Swiss Franc 0.926 0.972 0.985 1.005 1.033 1.081 Chinese Renminbi 7.851 7.660 7.358 7.079 7.195 7.629 Pound Sterling 0.869 0.870 0.887 0.853 0.840 0.860 Hong Kong Dollar 8.631 8.465 8.316 8.245 8.833 9.193 Singapore Dollar 1.459 1.452 1.430 1.451 1.528 1.589 United Arab Emirates Dirham 4.058 3.971 3.917 3.867 4.160 4.344 Japanese Yen 156.330 151.990 140.660 138.027 130.380 129.877 South Korean Won 1,433.660 1,412.880 1,344.090 1,358.073 1,346.380 1,353.958
Interests in associates and in joint arrangements	Interests in associates and in joint arrangements An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee without having control or joint control over those policies. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Associates and joint ventures are accounted for using the equity method of accounting, from the date significant influence or joint control is obtained, respectively. Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the profit/(loss) and other comprehensive income/(loss) of the investee. The Group’s share of the investee’s profit/(loss) is recognized in the consolidated statement of profit and loss. Distributions received from an investee reduce the carrying amount of the investment. Post-acquisition movements in other comprehensive income/(loss) are recognized in other comprehensive income/(loss) with a corresponding adjustment to the carrying amount of the investment. Unrealized gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. When the Group’s share of the losses of an associate or joint venture exceeds the carrying amount of the Group’s investment, the Group discontinues recognizing its share of further losses. Additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the related investee. The Group discontinues the use of the equity method from the date the investment ceases to be an associate or joint venture, or when it is classified as available-for-sale.
Scope of consolidation	Scope of consolidation Ermenegildo Zegna N.V. is the parent company of the Group and it holds, directly or indirectly, interests in the Group’s subsidiaries. The following table presents the Group’s scope of consolidation at December 31, 2023 and 2022: Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Companies consolidated on a line-by-line basis Parent company Ermenegildo Zegna N.V. Amsterdam (Netherlands) 9,153,722 Italian subsidiaries In.co. S.p.A. Biella 4,050,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Pelletteria Tizeta S.r.l. (3) Sesto Fiorentino (FI) 206,816 Ermenegildo Zegna N.V. (50%) / Tom Ford International LLC (50%) 100 % 50 % Lanificio Ermenegildo Zegna e Figli S.p.A. Valdilana (BI) 3,100,000 Ermenegildo Zegna N.V. 100 % 100 % Ezi S.p.A. Milan 5,750,000 Ermenegildo Zegna N.V. 100 % 100 % EZ Service S.r.l. Valdilana (BI) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Bonotto S.p.A. Colceresa (VI) 1,239,600 Ermenegildo Zegna N.V. 60 % 60 % Cappellificio Cervo S.r.l. Biella 300,000 Ermenegildo Zegna N.V. 51 % 51 % Thom Browne Services Italy S.r.l. Milan 10,000 Thom Browne Trading SA 90 % 90 % Thom Browne Retail Italy S.r.l. Milan 10,000 Thom Browne Services Italy S.r.l. 90 % 90 % Gruppo Dondi S.p.A. Carpi (MO) 1,502,800 Ermenegildo Zegna N.V. 65 % 65 % Tessitura Ubertino S.r.l. Valdilana (BI) 100,000 Ermenegildo Zegna N.V. 60 % 60 % Tom Ford Distribution S.r.l. (3) Sesto Fiorentino (FI) 117,616 Tom Ford Switzerland Sagl (85.02%) / Tom Ford International LLC (14.98%) 100 % — % Foreign subsidiaries Investindustrial Acquisition Corp. (“IIAC”) (6) Cayman Islands 5,614 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Giyim Sanayi ve Tic. A. S. Istanbul (Turkey) 32,291,439 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna H.m.b.H. Wien (Austria) 610,000 Ermenegildo Zegna N.V. 100 % 100 % Société de Textiles Astrum France S.à.r.l. Paris (France) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna GmbH Munich (Germany) 6,577,421 Ermenegildo Zegna N.V. 100 % 100 % Zegna Japan Co., LTD Minato-Ku-Tokyo (Japan) 100,000,000 Ermenegildo Zegna N.V. 100 % 100 % Fantasia (London) Limited London (UK) 499,800 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna S.A. de C.V. Ciudad de Mexico (Mexico) 459,600,000 Ermenegildo Zegna N.V. 100 % 100 % Ezeti Portugal. S.A. Lisbon (Portugal) 800,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Madrid S.A. Barcelona (Spain) 901,500 Ezeti S.L. 70 % 70 % Ezeti S.L. Barcelona (Spain) 500,032 Italco S.A. 100 % 100 % Italco S.A. Sant Quirze (Spain) 1,911,300 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Czech s.r.o Prague (Czech Republic) 1,350,000 Ermenegildo Zegna N.V. 100 % 100 % Co.Ti. Service S.A. Stabio (Switzerland) 27,940,000 Ermenegildo Zegna N.V. 100 % 100 % Consitex S.A. Stabio (Switzerland) 15,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Corporation New York, NY 500,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna (China) Enterprise Management Co., Ltd. Shanghai (China) 58,309,140 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (China) Co., LTD Shanghai (China) 50,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ismaco Amsterdam B.V. (6) Amsterdam (Netherlands) 226,890 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Far-East Pte LTD Singapore 21,776,432 Consitex S.A. 100 % 100 % Ermenegildo Zegna Hong Kong LTD Hong Kong 538,240,000 Ermenegildo Zegna N.V. 100 % 100 % E.Z. Trading (Hong Kong) LTD Hong Kong 82,120,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Canada Inc. Toronto (Canada) 700,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Ermenegildo Zegna Australia PTY LTD Sydney (Australia) 18,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % E. Z. New Zealand LTD Auckland (New Zealand) 5,800,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Argentina S.A. Buenos Aires (Argentina) 9,421,014 Ermenegildo Zegna N.V. / Italco S.A. 100 % 100 % E. Z. Thai Holding Ltd Bangkok (Thailand) 3,000,000 Ermenegildo Zegna N.V. 49 % 49 % The Italian Fashion Co. LTD Bangkok (Thailand) 16,000,000 E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD 65 % 65 % Zegna South Asia Private LTD Mumbai (India) 902,316,770 Ermenegildo Zegna N.V. 51 % 51 % ISMACO TEKSTİL LİMİTED ŞİRKETİ Istanbul (Turkey) 10,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Brasil Participacoes LTDA San Paolo (Brazil) 77,481,487 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (Macau) LTD Kowloon Bay (Hong Kong) 4,650,000 Consitex S.A. 100 % 100 % Ermenegildo Zegna Malaysia Sdn. Bhd. Kuala Lumpur (Malaysia) 3,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % Ermenegildo Zegna Maroc S.A.R.L.A.U. Casablanca (Morocco) 530,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Vietnam LLC Hanoi City (Vietnam) 132,294,900,000 Ermenegildo Zegna N.V. 90 % 90 % Zegna Gulf Trading LLC Dubai (UAE) 300,000 Consitex S.A. 49 % 49 % EZ US Holding Inc. Wilmington (U.S.A.) 1,000,099 Ermenegildo Zegna N.V. 100 % 100 % E.Zegna Attica Single Member Societé Anonyme Athens (Greece) 650,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna for Retail of Readymade and Novelty Clothes W.L.L. Kuwait City (Kuwait) 125,000 Zegna Gulf Trading LLC 49 % 49 % Zegna Denmark ApS (2) Aarhus (Denmark) 400,000 Ermenegildo Zegna N.V. 100 % — % EZ CA Holding Corp. Toronto (Canada) 1,000 Ermenegildo Zegna N.V. 100 % — % Thom Browne Inc. Wilmington (U.S.A.) 5,510 Ermenegildo Zegna N.V. 90 % 90 % Thom Browne Japan Inc. Tokyo (Japan) 1,000,000 Thom Browne Inc. 90 % 90 % Thom Browne Trading SA Stabio (Switzerland) 100,000 Thom Browne Inc. 90 % 90 % Thom Browne France Services Paris (France) 50,000 Thom Browne Trading SA 90 % 90 % Thom Browne UK Limited Beckenham (UK) 1 Thom Browne Trading SA 90 % 90 % Thom Browne (China) Co., Ltd. (*) Shanghai (China) 900,000 Thom Browne Trading SA 90 % 90 % Thom Browne (Macau) Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Canada Vancouver (Canada) 100 Thom Browne Trading SA 90 % 90 % Thom Browne Hong Kong Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear (T.B.E.) SA Stabio (Switzerland) 1,000,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear France SAS Paris (France) 40,000 Thom Browne Eyewear SA 90 % 90 % Thom Browne Korea Ltd. (5) Seoul (South Korea) 100,000,000 Thom Browne Trading SA 90 % — % Tom Ford International LLC (3) Delaware (U.S.A.) 10,000,000 EZ US Holding Inc 100 % 15 % Tom Ford Switzerland (3) Stabio (Switzerland) 1,000,000 Tom Ford International LLC 100 % — % Tom Ford Showroom Limited (3) London (UK) 1 Tom Ford Distribution S.r.l. 100 % — % Tom Ford Retail UK Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Studio Limited (3) London (UK) 50,000 Tom Ford International LLC 100 % — % Tom Ford Property Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Retail LLC (3) New York (U.S.A.) 2,060,000 Tom Ford International LLC 100 % — % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Tom Ford Retail Hong Kong Limited (3) Hong Kong 300,000 Tom Ford International LLC 100 % — % Tom Ford Hong Kong Limited (3) Hong Kong 1,000 Tom Ford International LLC 100 % — % Tom Ford Retail Macau Limited (3) Macau 25,000 Tom Ford Retail Hong Kong Limited (96%) / Tom Ford Hong Kong Limited (4%) 100 % — % Tom Ford Retail Korea (Yuhan Hoesa) (3) Seoul (Korea) 50,000,000 Tom Ford International LLC 100 % — % Tom Ford Retail Japan GK (Godo Kaisha) (3) Tokyo (Japan) 10,000,000 Tom Ford International LLC 100 % — % Tom Ford Clothing Retail Shanghai Company Limited (3) Shanghai (China) 13,500,000 Tom Ford Retail Hong Kong Limited 100 % — % Italian associates and joint arrangements Filati Biagioli Modesto S.r.l. Montale (PT) 7,900,000 Ermenegildo Zegna N.V. 40 % 40 % Luigi Fedeli e Figlio S.r.l. (7) Monza (MB) 3,358,000 Ermenegildo Zegna N.V. 15 % — % Foreign associates and joint arrangements Norda Run Inc (1) Toronto (Canada) 9,696,528 EZ CA Holding Corp. 25 % — % Other investments valued at fair value Acquedotto Piancone S.r.l. Valdilana (BI) 42,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 67 % 67 % Pettinatura di Verrone S.r.l. Verrone (BI) 3,000,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 15 % 15 % Sharmoon.EZ.Garments Co. Ltd Wenzhou (China) 100,000,000 Ermenegildo Zegna N.V. 50 % 50 % F2 S.r.l. Schio (VI) 90,000 Bonotto S.p.A. 29 % 29 % Consorzio Re.Crea (4) Milan 712,000 Ermenegildo Zegna N.V. 15 % 17 % _________________ (*) Formerly known as Tailoring Luxury Co. Ltd. The following changes in the scope of consolidation of the Group occurred during the year ended December 31, 2023: (1) 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. (2) 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 December 31, 2023. (3) In April 2023, the Group completed 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 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 . (4) In 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. (5) In March 2023, Thom Browne Korea Ltd., a limited liability company fully owned by Thom Browne Trading SA, was incorporated. On July 1, 2023, Thom Browne began directly operating its business in South Korea and its network of 17 stores through the company, with the external support from the former franchise partner. The Group held a 90% interest in the company at December 31, 2023. (6) On April 6, 2023 and April 20, 2023, respectively, Investindustrial Acquisition Corp. and Ismaco Amsterdam B.V. were liquidated. (7) On September 5, 2023, Ermenegildo Zegna Group 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. The Group paid consideration of €4.7 million for 15% of the company. The Group accounts for this investment under the equity method based on its representation on the board of directors of the company and its participation in policy-making processes.
Property, plant and equipment	Property, plant and equipment Cost Property, plant and equipment is initially recognized at cost, which comprises the purchase price, any costs directly attributable to bringing the assets to the location and condition necessary to be capable of operating in the manner intended by management, capitalized borrowing costs and any initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Self-constructed assets are initially recognized at their production cost, including labor costs. Subsequent costs are capitalized only if they increase the future economic benefits embodied in the related assets. All other expenditures are expensed as incurred. When parts are replaced, the carrying amount of the parts that are replaced are written off in the consolidated statement of profit and loss. Property, plant and equipment is presented net of accumulated depreciation, calculated on the basis of the useful lives of the assets, and any impairment losses.
Depreciation	Depreciation Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows: Category of Property, Plant and Equipment Depreciation Rate Buildings 3% - 10% Plants and machinery 12.5% - 17.5% Industrial and commercial equipment 20% - 25% Leasehold improvements 10.0% - 25.0% Other tangible assets 10% - 25% Land and assets under construction are not depreciated. If the asset being depreciated consists of separately identifiable components whose useful life differs from that of the other parts making up the asset, depreciation is charged separately for each of its component parts through application of the “component approach.” Property, plant and equipment is tested for impairment when impairment indicators are identified, such as a scheduled closure of a store or site, a redundancy plan or a downward revision of market forecasts. When an asset’s recoverable amount is less than its net carrying amount, an impairment loss is recognized. Where the recoverable amount of an individual asset cannot be determined precisely, the Group determines the recoverable amount of the cash-generating unit (“CGU”) or group of CGUs to which the asset belongs. Any gain or loss on disposal of property, plant and equipment is recognized in profit or loss.
Intangible assets with an indefinite useful life	Intangible assets with an indefinite useful life Goodwill and brands with an indefinite useful lives Goodwill originated on acquisitions of subsidiaries and brands with an indefinite useful lives that are acquired separately are initially recognized in accordance with IFRS 3 — Business Combinations , as further described below, and are recorded within intangible assets. In accordance with IAS 36 — Impairment of assets (“IAS 36”), goodwill and brands with an indefinite useful lives are not amortized and are tested for impairment annually, or more frequently if facts or circumstances indicate that the asset may be impaired. Goodwill and brands with an indefinite useful lives are allocated to each of the Group’s CGUs (or groups of CGUs) expected to benefit from the synergies of the combination. CGUs (or groups of CGUs) to which goodwill and brands with an indefinite useful lives have been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired, in order to verify that the recoverable amount of the CGU (or groups of CGUs) is not less than the carrying amount of the CGU (or groups of CGUs). The recoverable amount of all CGUs and groups of CGUs is based on a value in use calculation which uses cash flow projections based on most recent budget forecast calculations, which are prepared separately for each CGU and approved by management. These budget and forecast calculations generally cover a period of three years. A long-term growth rate is calculated and applied to project future cash flows after the third year. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.
Intangible assets with a finite useful life	Intangible assets with a finite useful life An identifiable non-monetary asset without physical substance, controlled by the Group and capable of producing future economic benefits is recognized as intangible assets. Intangible assets with a finite useful life include trademarks, licenses, software, and development costs. Concession, licenses, trademarks and patents Concession, licenses, trademarks and patents are recognized at cost or at the value attributed upon acquisition and include the cost of trademark registration in the various countries in which the Group operates, assuming there are no risks or limitations on control over their use. Software Software acquired as part of recurring operations and software developed in-house by the Group which meet the relevant criteria in IAS 38 — Intangible Assets (“IAS 38”) are capitalized and amortized on a straight-line basis over their useful lives. Know how As a result of the acquisition of Tessitura Ubertino in June 2021, the Group recognized intangible assets relating to know how, which were initially recognized at their fair value at the date of acquisition and will be amortized over a 5 year period. Development costs Development costs are recognized as an asset if, and only if, both of the following conditions in IAS 38 are met: (i) that development costs can be measured reliably and (ii) that the technical feasibility of the product, volumes and pricing support the view that the development expenditure will generate future economic benefits. Capitalized development costs include all direct and indirect costs that may be directly attributed to the development process. All other research and development costs are expensed as incurred. Intangible assets with a definite useful life are amortized on a straight-line basis at the following rates: Category of Intangible Assets with a Finite Useful Life Depreciation Rate Concessions, licenses, trademarks and patents 2.5% - 25.0% Software 10% - 33% Know how 20% Development costs and other intangibles 10% - 33%
Leases	Leases The Group recognizes a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use. Each lease payment is allocated between the principal liability and finance costs. Finance costs are charged to the statement of profit and loss over the lease period using the effective interest rate method. Right-of-use assets are depreciated on a straight-line basis over the lease term or, if shorter, the useful life of the asset. Right-of-use assets are measured at cost comprising the following: (i) the amount of the initial measurement of lease liability; (ii) any lease payments made at or before the commencement date less any lease incentives received; (iii) any initial direct costs and, if applicable, (iv) restoration costs. Payments associated with short- term leases (less than 12 months at inception) and leases of low-value assets are recognized as an expense in the statement of profit and loss on a straight-line basis. Lease liabilities are measured at the net present value of the following: (i) fixed lease payments, (ii) variable lease payments that are based on an index or a rate and, if applicable, (iii) amounts expected to be payable by the lessee under residual value guarantees, and (iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option. Lease liabilities do not include any non-lease components that may be included in the related contracts. Lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the Group’s incremental borrowing rate is used, being the rate that the Group would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. Variable lease payments are recognized in the statement of profit and loss in the period in which the condition that triggers those payments occurs. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. The Group determines the lease term as the non-cancellable period of a lease, together with the periods covered by (i) an option to extend if the lessee is reasonably certain to extend or periods after an optional termination date if the lessee is reasonably certain not to terminate early. Management evaluates the exercise of the option if it’s considered “reasonably certain” based on several factors and circumstances that create an incentive for the lessee to exercise, or not to exercise the option, including any expected changes in facts and circumstances from the commencement date until the exercise date of the option. The Group subleases certain spaces to third parties. The accounting for the right-of-use asset depends on the classification of the sublease, while the accounting for the head lease liability remains unchanged. For sublease classified as finance lease, the Group derecognizes the right-of-use asset (to the extent that it is subject to the sublease) and recognizes a lease receivable. If the sublease is classified as an operating lease, the Group continues to recognize the right-of-use asset. Operating income from the sublease is recognized on a straight-line basis over the term of the agreement
Impairment of non-current assets	Impairment of non-current assets The Group continuously monitors its operations to assess whether there is any indication that its non-current assets are impaired, including goodwill, brands with an indefinite useful life, intangible assets with a definite useful life (including intangible assets in progress), property, plant and equipment and right-of-use assets. Goodwill, brands with an indefinite useful life and intangible assets in progress are tested for impairment annually or more frequently, if there is an indication that they may be impaired. If impairment indicators are present, the carrying amount of the asset is reduced to its recoverable amount, which is the higher of its (i) fair value less costs of disposal and (ii) value in use. The recoverable amount is determined for the individual asset, unless the asset does not generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets, in which case the asset is tested as part of the CGU to which the asset belongs. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The Group identifies each DOS as a separate CGU. New DOS require a start-up period before they achieve the expected level of profitability, which generally extends for three years following the date of each store’s opening. When a DOS is in the start-up period, an operating loss is not necessarily considered to be an indicator of possible impairment. The Group considers an operating loss to be an indicator of possible impairment if the DOS cash flows for the start-up period are lower than the DOS cash flows of the approved operational plan. Strategic stores are considered separate CGUs when determining whether any impairment indicators are present. If an impairment indicator is identified, it is assessed whether other stores have benefited from the strategic store. If the strategic store is determined to benefit other stores, an impairment test for the strategic store is performed as a group of CGUs at the segment level.
Business combinations	Business combinations Business combinations are accounted for using the acquisition method in accordance with IFRS 3. Accordingly, the consideration transferred (acquisition price) in a business combination is measured at the fair value, which is measured at the fair value of the assets transferred, liabilities incurred by the acquirer and the equity interest issued at the date the control changed. The following items constitute an exception, which are instead valued according to their reference principle: (i) deferred tax assets and liabilities, (ii) assets and liabilities for employee benefits and (iii) assets held for sale. Acquisition-related costs are recognized in the consolidated statement of profit and loss as incurred. Goodwill is measured as the excess of the acquisition price plus the amount of any non-controlling interests in the acquiree over the net fair value of the identifiable assets acquired and liabilities assumed. If, after reassessment, it results in a negative difference, the excess is recognized immediately in the consolidated statement of profit and loss as a bargain purchase gain. In the event that the fair values of the assets, liabilities and contingent liabilities can only be determined provisionally, the business combination is recognized using these provisional values. Any adjustments deriving from the completion of the valuation process are recognized within twelve months from the acquisition date. If a price component is linked to the realization of future events, this component is considered in the estimate of the fair value at the time of the business combination. Significant gains and losses, with the related tax effects, deriving from transactions carried out between fully consolidated companies not yet realized with third parties, are eliminated, except for losses that are not eliminated if the transaction provides evidence of a reduction of value of the transferred asset. The reciprocal debit and credit relationships, costs and revenues, as well as financial income and expenses are also eliminated if significant.
Put and call agreement on non-controlling interests	Put and call agreement on non-controlling interests In the case of put options granted to non-controlling interests, the Group recognizes a financial liability corresponding to the present value of the exercise price of the option. On initial recognition, if put option terms and conditions give the Group the access to the economic benefits of the non-controlling interests, the Group recognizes a financial liability and a reduction of equity attributable to non-controlling interests (as if the non-controlling interest had been acquired by the Group). If put option terms and conditions do not give the Group the access to the economic benefits of the non-controlling interests, the Group recognizes a financial liability and a reduction of the Group’s retained earnings. The liability is subsequently remeasured at the end of each period. The liability is subsequently accreted through financial
Financial instruments	Financial instruments The classification of a financial asset is based on the Group’s business model for managing the related financial assets and their contractual cash flows. The Group considers whether the contractual cash flows represent solely payments of principal and interest that are consistent with a basic lending arrangement. Where the contractual terms introduce exposure to risk or volatility that are inconsistent with a basic lending arrangement, the related financial assets are classified and measured at fair value through profit and loss. With the exception of trade receivables that do not contain a significant financing component (or for which the Group has applied the practical expedient available under IFRS 15 — Revenue from contracts with customers (“IFRS 15”), which are measured at the transaction price (as defined in IFRS 15), all financial assets are initially measured at their fair value plus, in the case of financial assets not at fair value through profit and loss only, transaction costs that are directly attributable to the acquisition of the asset. Measurement subsequent to initial recognition is based on the classification of the financial assets into one of the following categories: 1. Financial assets at amortized cost; 2. Financial assets at fair value through other comprehensive income/(loss), with subsequent recycling of cumulative gains and losses to the statement of profit and loss (“FVOCI”); or 3. Financial assets at fair value through profit and loss (“FVPL”). 1. Financial assets at amortized cost Financial assets at amortized cost are subsequently measured using the effective interest rate method and are subject to impairment testing. Gains and losses are recognized in the statement of profit and loss when the asset is derecognized, modified or impaired. The Group’s financial assets at amortized cost primarily include trade receivables, guarantee deposits and certain other non-current financial assets. 2. Financial assets at fair value through other comprehensive income/(loss) (FVOCI) Financial assets at FVOCI are initially recognized at fair value and subsequent fair value changes are recognized within other comprehensive income/(loss). Interest income, foreign exchange revaluations and impairment losses or reversals are recognized in the consolidated statement of profit and loss. Upon derecognition, the cumulative reserve of fair value changes recognized within other comprehensive income/(loss) is recycled to profit and loss. The Group’s financial assets at FVOCI primarily include derivative instruments (when they qualify for hedge accounting), as well as fixed income and floating income securities. 3. Financial assets at fair value through profit and loss (FVPL) Financial assets at FVPL are initially recognized at fair value and subsequent fair value changes are recognized in the consolidated statement of profit and loss. Financial assets at FVPL include derivative instruments and listed equity investments for which the Group has not irrevocably elected to classify the instruments at FVOCI. Dividends from listed equity investments are recognized as other income in the consolidated statement of profit and loss when the right of payment has been established. The Group’s financial assets measured at FVPL primarily include insurance contracts, equity instruments and fixed income securities, as well as investments in hedge funds and private equity private debts, money market funds, floating income and real estate funds. Reclassification A financial asset is only reclassified when there is a change in the contractual terms that significantly affects the previously expected cash flows or when the Group changes its business model for managing financial assets. Reclassifications are only made prospectively from the reclassification date, without restating any previously recognized gains, losses or interest. Derecognition The Group derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Group neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Group recognizes its retained interest in the asset and an associated liability for any obligations created or retained. If the Group retains substantially all the risks and rewards of ownership of a transferred financial asset, the Group continues to recognize the financial asset and also recognizes a collateralized borrowing for the proceeds received. On derecognition of a financial asset measured at amortized cost, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit and loss. In addition, on derecognition of an investment in a debt instrument classified as FVOCI, the cumulative gain or loss previously accumulated in the investment revaluation reserve within other comprehensive income/(loss) is reclassified to profit and loss. Impairment of financial assets The Group recognizes a loss allowance for expected credit losses on investments in debt instruments that are measured at amortized cost or at FVOCI, lease receivables, trade receivables and contract assets, as well as on financial guarantee contracts. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument. The Group always recognizes lifetime expected credit losses (ECL) for trade receivables, contract assets, lease receivables and securities. The expected credit losses on these financial assets are estimated using a provision matrix based on the Group’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Trade receivables
Financial liabilities	Financial liabilities
Derivative financial instruments	Derivative financial instruments The Group enters into a variety of derivative financial instruments to manage its exposure to interest rate and foreign exchange rate risks, including foreign exchange forward contracts, options and interest rate swaps. Derivatives are recognized initially at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting date. The resulting gain or loss is recognized immediately in profit or loss unless the derivative is designated and effective as a hedging instrument, in which case the timing of the recognition in profit or loss depends on the nature of the hedge relationship. A derivative with a positive fair value is recognized as a financial asset whereas a derivative with a negative fair value is recognized as a financial liability. A derivative is classified as a non-current
Hedge accounting	Hedge accounting The Group designates certain derivatives as hedging instruments in respect of foreign currency and interest rate risk, as fair value hedges, cash flow hedges, or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument is effective in offsetting changes in fair values or cash flows of the hedged item attributable to the hedged risk, which is when the hedging relationship meets all of the following hedge effectiveness requirements: a. there is an economic relationship between the hedged item and the hedging instrument; b. the effect of credit risk does not dominate the value changes that result from that economic relationship; and c. the hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item. If a hedging relationship ceases to meet the hedge effectiveness requirement relating to the hedge ratio but the risk management objective for that designated hedging relationship remains the same, the Group adjusts the hedge ratio of the hedging relationship (i.e. rebalances the hedge) so that it meets the qualifying criteria again. The Group designates the full change in the fair value of a forward contract (i.e. including the forward elements) as the hedging instrument for all of its hedging relationships involving forward contracts. The Group designates only the intrinsic value of option contracts as a hedged item and excludes the time value of the option. The changes in the fair value of the aligned time value of the option are recognized in other comprehensive income/(loss) and accumulated in the hedge reserve. If the hedged item is transaction-related, the time value is reclassified to profit or loss when the hedged item affects profit or loss. If the hedged item is time period related, then the amount accumulated in the hedge reserve is reclassified to profit or loss on a rational basis – the Group applies straight-line amortization. Those reclassified amounts are recognized in profit or loss in the same line as the related hedged item. If the hedged item is a non-financial item, then the amount accumulated in the hedge reserve is removed directly from equity and included in the initial carrying amount of the recognized non-financial item. Furthermore, if the Group expects that some or all of the loss accumulated in the hedge reserve will not be recovered in the future, that amount is immediately reclassified to profit or loss. The Group designates certain derivatives as either: a. hedges of the fair value of recognized assets or liabilities or a firm commitment (fair value hedge). Where a derivative financial instrument is designated as a hedge against the fluctuation in fair value of a recognized asset or liability (fair value hedge), the gain or loss for re-measuring the hedging instrument at fair value is recognized in the statement of profit and loss together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. Consistently, the hedged items are adjusted to consider changes in fair value of the hedged risk. The gain or loss relating to the effective portion of interest rate swaps hedging fixed rate borrowings is recognized in the statement of profit and loss. The gain or loss relating to the ineffective portion is recognized in the statement of profit and loss. Changes in the fair value of the hedged fixed rate borrowings attributable to interest rate risk are recognized in the statement of profit and loss. If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged item for which the effective interest rate method is used is amortized to the statement of profit and loss over the period to maturity. b. hedges of a particular risk associated with a recognized asset or liability or a highly probable forecast transaction (cash flow hedge). Where a derivative financial instrument is designated as a hedge of foreign
Warrant liabilities	Warrant liabilities The Group accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term highly liquid investments. Cash and cash equivalents are primarily held for the purpose of meeting short-term cash commitments. To be classified as cash and cash equivalents, an asset must be readily convertible into cash, have an insignificant risk of changes in value and have a maturity period of three months or less at acquisition.
Inventories	Inventories Inventories are recognized at the lower of cost (acquisition or production) and net realizable value. Cost includes direct production costs and indirect costs that have been incurred in bringing the inventories to the location and condition necessary to be capable for their use in the production process. Cost is determined on a weighted average basis. Net realizable value is the estimated selling price less the estimated costs of completion and the estimated costs for sale and distribution.
Employee benefits	Employee benefits Pension plans Defined contribution plans - Costs arising from defined contribution plans are expensed as incurred. Defined benefit plans - The Group’s net obligations are determined separately for each plan by estimating the present value of future benefits that employees have earned in the current and prior periods, and deducting the fair value of any plan assets. The present value of defined benefit obligations is measured using actuarial techniques and benefits are attributable to periods in which the obligation to provide post-employment benefits arise by using the Projected Unit Credit Method. Actuarial assumptions are based on management’s best estimates. The components of defined benefit cost are recognized as follows: • the service costs are recognized in the consolidated statement of profit and loss in the personnel cost line item; • the net interest expense on the defined benefit liability is recognized in the consolidated statement of profit and loss within financial expenses; • the remeasurement components of the net obligation, which comprise actuarial gain and losses, are recognized immediately in other comprehensive income/(loss). These remeasurement components are not reclassified in the consolidated statement of profit and loss in a subsequent period. Post-employment benefits include the Italian employee severance indemnity (“trattamento di fine rapporto” or “TFR”) obligation required under Italian Law. The amount of TFR to which each employee is entitled must be paid when the employee leaves the Group and is calculated based on the period of employment and the taxable earnings of each employee. Under certain conditions, the entitlement may be partially advanced to an employee during their working life. The TFR scheme is classified as a defined contribution plan and the Group recognizes the associated costs over the period in which the employee renders service. Other long-term employee benefits
Provisions for risks and charges	Provisions for risks and charges Provisions are recognized when the Group has a present obligation, legal or constructive, as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate of the amount of the obligation can be made. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably. A restructuring provision is recognized when the Group has developed a detailed formal plan for the restructuring and has raised a valid expectation in those affected that it will carry out the restructuring by starting to implement the plan or announcing its main features to those affected by it. The measurement of a restructuring provision includes only the direct expenditures arising from the restructuring, which are those amounts that are both necessarily entailed by the restructuring and not associated with the ongoing activities of the entity. Present obligations arising under onerous contracts are recognized and measured as provisions. An onerous contract is considered to exist where the Group has a contract under which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it.
Treasury shares	Treasury shares
Revenue recognition	Revenue recognition Revenue mainly comprises sales of goods, together with income from associated services, and income from royalties and operating licenses. Revenue is recognized when control over a product or service is transferred to a customer. Revenue is measured at the transaction price which is based on the amount of consideration that the Group expects to receive in exchange for transferring the promised goods or services to the customer and excludes any sales incentives, rebates or discounts (including end of season discounts offered by the retail channel), as well as taxes collected from customers that are remitted to government authorities. Revenues from wholesale operations and direct sales to customers, through retail stores and online channels, are recognized at a point in time when control over a product is transferred to the customers. Revenues from sales of services are recognized when the Group satisfies its performance obligation. Under the Group’s standard contract terms, retail customers are entitled to a right of returns within 30 days, which enables them to receive a full or partial cash refund of the amount paid, a store coupon or another product in exchange. Exchanges of one product for another of the same type, quality, condition and price are not considered returns, unless product exchange occurs after 30 days from the original sale. Wholesalers generally do not have a contractual right of return. Provisions for returns are presented in the consolidated statement of financial position under liabilities with a corresponding adjustment to revenue in respect of future refunds. A corresponding asset (with an offsetting adjustment to cost of sales) representing the right to recover the goods from the client is also recognized. The Group uses its historical experience to estimate the number of returns on a portfolio level using the expected value method. Royalties received with respect to operating licenses are recognized in accordance with the contractual obligations specific to each agreement, which is generally when the sales occur for sales-based licensing agreements, otherwise over time as the performance obligations are satisfied for other types of licensing agreements. Payment for retail sales is typically required at the time of purchase or within 30 days, or, on occasion, in advance. Payment terms for wholesale sales are generally longer and the Group may adopt various measures aimed at ensuring collectability of the related consideration, such as requiring customers to provide advanced payments or financial guarantees, as well as performing credit analysis of customers and obtaining insurance over receivables. Revenues from sales to department stores on a consignment basis are recognized when the goods are ultimately sold by the department stores to the end customers.
Personnel costs	Personnel costs
Share-based payments	Share-based payments Cash-settled share-based payments Where the Group issues cash-settled share-based transactions, the cost of the cash-settled transactions is initially valued at the fair value at the date the beneficiary is informed of their allocation. This fair value is recognized in the statement of profit and loss in the period until vesting, with the recognition of a corresponding liability. Until the liability is settled, the fair value is recalculated at each year-end date and at the settlement date, charging the related changes to the statement of profit and loss. Equity-settled share-based payments Equity-settled share-based payments are accounted for in accordance with IFRS 2, which requires the Company to recognize share-based compensation expense based on the fair value of the awards granted. Compensation expense for the equity-settled awards containing market or non-market performance conditions, as well as for the Escrow Shares issued as part of the Business Combination (as described in Note 1 — General information ), is measured at the grant date fair value of the award using a Monte Carlo simulation model, which requires the input of assumptions, including the expected volatility of the Company’s shares, the dividend yield, interest rates and a correlation coefficient between the shares and the relevant market index. The fair value of equity awards which are conditional only on a recipient’s continued service to the Company is measured using the share price at the grant date adjusted for the present value of future distributions which employees will not receive during the vesting period. Share-based compensation expense relating to equity-settled share-based payments is recognized in the consolidated income statement over the service period with an offsetting increase to equity. The Group recognizes the effects of modifications that increase the total fair value of share-based payment arrangements or are otherwise beneficial to the employee. If the Group modifies the terms or conditions of the awards granted in a manner that reduces the total fair value of a share-based payment arrangement, or is not otherwise beneficial to the employee (e.g. by increasing the vesting period or adding a non-market performance), the Group continues to recognize the share-based payments as if that modification had not occurred.
Income taxes	Income taxes Income tax expense comprises the current and deferred tax expense. Current tax The tax currently payable is based on taxable profit for the year. The Group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. A provision is recognized for uncertain tax positions for which the tax determination is uncertain but it is considered probable that there will be a future outflow of funds to a tax authority, in accordance with IFRIC 23 — “ Uncertainty over Income Tax Treatments. ” Deferred tax Deferred tax is calculated using the liability method on all temporary differences between the carrying amount recorded in the consolidated balance sheet and the tax value of assets and liabilities, except for goodwill that is not deductible for tax purposes and certain other exceptions. The valuation of deferred tax balances depends on the way in which the Group intends to recover or settle the carrying amount of assets and liabilities, using tax rates that have been enacted or substantively enacted at the end of the reporting period.
Earnings per share	Earnings per share Basic earnings per share Basic earnings per share is calculated by dividing the profit or loss attributable to shareholders of the parent company by the weighted average number of ordinary shares outstanding during the period, excluding treasury shares. Diluted earnings per share Diluted earnings per share is calculated by dividing the profit or loss attributable to holders of the parent company, excluding treasury shares, by the weighted average number of ordinary shares outstanding, taking into account all dilutive potential ordinary shares. To calculate diluted earnings per share, the weighted average number of shares outstanding is adjusted assuming the conversion of all potential shares with dilutive effects, and the entity’s net profit is adjusted to take into account any effects, net of taxes, of the conversion. In accordance with IAS 33 — Earnings per share
Dividend distribution	Dividend distribution
Segment information	Segment information

General information (Tables)

General information (Tables)	12 Months Ended
	Dec. 31, 2023
General Information [Abstract]
Schedule of Breakdown of Net Cash Proceeds from Business Combination	The following table shows a breakdown of the net cash proceeds in 2021 from the Business Combination: (€ thousands) Proceeds from issuance of Ordinary Shares upon Business Combination 310,739 Proceeds from issuance of Ordinary Shares to PIPE Investors 331,385 Purchase of own shares from Monterubello (455,000) Payments of transaction costs related to the Business Combination (48,475) Net cash proceeds from the Business Combination 138,649

Summary of material accountin_3

Summary of material accounting policy information (Tables)	12 Months Ended
	Dec. 31, 2023
Summary Of Accounting Policies [Abstract]
Schedule of Principal Foreign Currency Exchange Rates	The following table presents the principal foreign currency exchange rates used by the Group to translate other currencies into Euro: 2023 2022 2021 At December 31, Average At December 31, Average At December 31, Average U.S. Dollar 1.105 1.081 1.067 1.053 1.133 1.183 Swiss Franc 0.926 0.972 0.985 1.005 1.033 1.081 Chinese Renminbi 7.851 7.660 7.358 7.079 7.195 7.629 Pound Sterling 0.869 0.870 0.887 0.853 0.840 0.860 Hong Kong Dollar 8.631 8.465 8.316 8.245 8.833 9.193 Singapore Dollar 1.459 1.452 1.430 1.451 1.528 1.589 United Arab Emirates Dirham 4.058 3.971 3.917 3.867 4.160 4.344 Japanese Yen 156.330 151.990 140.660 138.027 130.380 129.877 South Korean Won 1,433.660 1,412.880 1,344.090 1,358.073 1,346.380 1,353.958
Schedule of Scope of Consolidation	The following table presents the Group’s scope of consolidation at December 31, 2023 and 2022: Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Companies consolidated on a line-by-line basis Parent company Ermenegildo Zegna N.V. Amsterdam (Netherlands) 9,153,722 Italian subsidiaries In.co. S.p.A. Biella 4,050,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Pelletteria Tizeta S.r.l. (3) Sesto Fiorentino (FI) 206,816 Ermenegildo Zegna N.V. (50%) / Tom Ford International LLC (50%) 100 % 50 % Lanificio Ermenegildo Zegna e Figli S.p.A. Valdilana (BI) 3,100,000 Ermenegildo Zegna N.V. 100 % 100 % Ezi S.p.A. Milan 5,750,000 Ermenegildo Zegna N.V. 100 % 100 % EZ Service S.r.l. Valdilana (BI) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Bonotto S.p.A. Colceresa (VI) 1,239,600 Ermenegildo Zegna N.V. 60 % 60 % Cappellificio Cervo S.r.l. Biella 300,000 Ermenegildo Zegna N.V. 51 % 51 % Thom Browne Services Italy S.r.l. Milan 10,000 Thom Browne Trading SA 90 % 90 % Thom Browne Retail Italy S.r.l. Milan 10,000 Thom Browne Services Italy S.r.l. 90 % 90 % Gruppo Dondi S.p.A. Carpi (MO) 1,502,800 Ermenegildo Zegna N.V. 65 % 65 % Tessitura Ubertino S.r.l. Valdilana (BI) 100,000 Ermenegildo Zegna N.V. 60 % 60 % Tom Ford Distribution S.r.l. (3) Sesto Fiorentino (FI) 117,616 Tom Ford Switzerland Sagl (85.02%) / Tom Ford International LLC (14.98%) 100 % — % Foreign subsidiaries Investindustrial Acquisition Corp. (“IIAC”) (6) Cayman Islands 5,614 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Giyim Sanayi ve Tic. A. S. Istanbul (Turkey) 32,291,439 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna H.m.b.H. Wien (Austria) 610,000 Ermenegildo Zegna N.V. 100 % 100 % Société de Textiles Astrum France S.à.r.l. Paris (France) 500,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna GmbH Munich (Germany) 6,577,421 Ermenegildo Zegna N.V. 100 % 100 % Zegna Japan Co., LTD Minato-Ku-Tokyo (Japan) 100,000,000 Ermenegildo Zegna N.V. 100 % 100 % Fantasia (London) Limited London (UK) 499,800 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna S.A. de C.V. Ciudad de Mexico (Mexico) 459,600,000 Ermenegildo Zegna N.V. 100 % 100 % Ezeti Portugal. S.A. Lisbon (Portugal) 800,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Madrid S.A. Barcelona (Spain) 901,500 Ezeti S.L. 70 % 70 % Ezeti S.L. Barcelona (Spain) 500,032 Italco S.A. 100 % 100 % Italco S.A. Sant Quirze (Spain) 1,911,300 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Czech s.r.o Prague (Czech Republic) 1,350,000 Ermenegildo Zegna N.V. 100 % 100 % Co.Ti. Service S.A. Stabio (Switzerland) 27,940,000 Ermenegildo Zegna N.V. 100 % 100 % Consitex S.A. Stabio (Switzerland) 15,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Corporation New York, NY 500,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna (China) Enterprise Management Co., Ltd. Shanghai (China) 58,309,140 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (China) Co., LTD Shanghai (China) 50,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ismaco Amsterdam B.V. (6) Amsterdam (Netherlands) 226,890 Ermenegildo Zegna N.V. — % 100 % Ermenegildo Zegna Far-East Pte LTD Singapore 21,776,432 Consitex S.A. 100 % 100 % Ermenegildo Zegna Hong Kong LTD Hong Kong 538,240,000 Ermenegildo Zegna N.V. 100 % 100 % E.Z. Trading (Hong Kong) LTD Hong Kong 82,120,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Canada Inc. Toronto (Canada) 700,000 Ermenegildo Zegna N.V. 100 % 100 % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Ermenegildo Zegna Australia PTY LTD Sydney (Australia) 18,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % E. Z. New Zealand LTD Auckland (New Zealand) 5,800,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Argentina S.A. Buenos Aires (Argentina) 9,421,014 Ermenegildo Zegna N.V. / Italco S.A. 100 % 100 % E. Z. Thai Holding Ltd Bangkok (Thailand) 3,000,000 Ermenegildo Zegna N.V. 49 % 49 % The Italian Fashion Co. LTD Bangkok (Thailand) 16,000,000 E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD 65 % 65 % Zegna South Asia Private LTD Mumbai (India) 902,316,770 Ermenegildo Zegna N.V. 51 % 51 % ISMACO TEKSTİL LİMİTED ŞİRKETİ Istanbul (Turkey) 10,000,000 Ermenegildo Zegna N.V. 100 % 100 % Ezesa Brasil Participacoes LTDA San Paolo (Brazil) 77,481,487 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna (Macau) LTD Kowloon Bay (Hong Kong) 4,650,000 Consitex S.A. 100 % 100 % Ermenegildo Zegna Malaysia Sdn. Bhd. Kuala Lumpur (Malaysia) 3,000,000 Ermenegildo Zegna Far-East Pte LTD 100 % 100 % Ermenegildo Zegna Maroc S.A.R.L.A.U. Casablanca (Morocco) 530,000 Ermenegildo Zegna N.V. 100 % 100 % Ermenegildo Zegna Vietnam LLC Hanoi City (Vietnam) 132,294,900,000 Ermenegildo Zegna N.V. 90 % 90 % Zegna Gulf Trading LLC Dubai (UAE) 300,000 Consitex S.A. 49 % 49 % EZ US Holding Inc. Wilmington (U.S.A.) 1,000,099 Ermenegildo Zegna N.V. 100 % 100 % E.Zegna Attica Single Member Societé Anonyme Athens (Greece) 650,000 Ermenegildo Zegna N.V. 100 % 100 % Zegna for Retail of Readymade and Novelty Clothes W.L.L. Kuwait City (Kuwait) 125,000 Zegna Gulf Trading LLC 49 % 49 % Zegna Denmark ApS (2) Aarhus (Denmark) 400,000 Ermenegildo Zegna N.V. 100 % — % EZ CA Holding Corp. Toronto (Canada) 1,000 Ermenegildo Zegna N.V. 100 % — % Thom Browne Inc. Wilmington (U.S.A.) 5,510 Ermenegildo Zegna N.V. 90 % 90 % Thom Browne Japan Inc. Tokyo (Japan) 1,000,000 Thom Browne Inc. 90 % 90 % Thom Browne Trading SA Stabio (Switzerland) 100,000 Thom Browne Inc. 90 % 90 % Thom Browne France Services Paris (France) 50,000 Thom Browne Trading SA 90 % 90 % Thom Browne UK Limited Beckenham (UK) 1 Thom Browne Trading SA 90 % 90 % Thom Browne (China) Co., Ltd. (*) Shanghai (China) 900,000 Thom Browne Trading SA 90 % 90 % Thom Browne (Macau) Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Canada Vancouver (Canada) 100 Thom Browne Trading SA 90 % 90 % Thom Browne Hong Kong Limited Hong Kong 500,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear (T.B.E.) SA Stabio (Switzerland) 1,000,000 Thom Browne Trading SA 90 % 90 % Thom Browne Eyewear France SAS Paris (France) 40,000 Thom Browne Eyewear SA 90 % 90 % Thom Browne Korea Ltd. (5) Seoul (South Korea) 100,000,000 Thom Browne Trading SA 90 % — % Tom Ford International LLC (3) Delaware (U.S.A.) 10,000,000 EZ US Holding Inc 100 % 15 % Tom Ford Switzerland (3) Stabio (Switzerland) 1,000,000 Tom Ford International LLC 100 % — % Tom Ford Showroom Limited (3) London (UK) 1 Tom Ford Distribution S.r.l. 100 % — % Tom Ford Retail UK Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Studio Limited (3) London (UK) 50,000 Tom Ford International LLC 100 % — % Tom Ford Property Limited (3) London (UK) 1 Tom Ford International LLC 100 % — % Tom Ford Retail LLC (3) New York (U.S.A.) 2,060,000 Tom Ford International LLC 100 % — % Company Registered office Share capital (functional currency) Held directly by % Group At December 31, 2023 2022 Tom Ford Retail Hong Kong Limited (3) Hong Kong 300,000 Tom Ford International LLC 100 % — % Tom Ford Hong Kong Limited (3) Hong Kong 1,000 Tom Ford International LLC 100 % — % Tom Ford Retail Macau Limited (3) Macau 25,000 Tom Ford Retail Hong Kong Limited (96%) / Tom Ford Hong Kong Limited (4%) 100 % — % Tom Ford Retail Korea (Yuhan Hoesa) (3) Seoul (Korea) 50,000,000 Tom Ford International LLC 100 % — % Tom Ford Retail Japan GK (Godo Kaisha) (3) Tokyo (Japan) 10,000,000 Tom Ford International LLC 100 % — % Tom Ford Clothing Retail Shanghai Company Limited (3) Shanghai (China) 13,500,000 Tom Ford Retail Hong Kong Limited 100 % — % Italian associates and joint arrangements Filati Biagioli Modesto S.r.l. Montale (PT) 7,900,000 Ermenegildo Zegna N.V. 40 % 40 % Luigi Fedeli e Figlio S.r.l. (7) Monza (MB) 3,358,000 Ermenegildo Zegna N.V. 15 % — % Foreign associates and joint arrangements Norda Run Inc (1) Toronto (Canada) 9,696,528 EZ CA Holding Corp. 25 % — % Other investments valued at fair value Acquedotto Piancone S.r.l. Valdilana (BI) 42,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 67 % 67 % Pettinatura di Verrone S.r.l. Verrone (BI) 3,000,000 Lanificio Ermenegildo Zegna e Figli S.p.A. 15 % 15 % Sharmoon.EZ.Garments Co. Ltd Wenzhou (China) 100,000,000 Ermenegildo Zegna N.V. 50 % 50 % F2 S.r.l. Schio (VI) 90,000 Bonotto S.p.A. 29 % 29 % Consorzio Re.Crea (4) Milan 712,000 Ermenegildo Zegna N.V. 15 % 17 % _________________ (*) Formerly known as Tailoring Luxury Co. Ltd. The following changes in the scope of consolidation of the Group occurred during the year ended December 31, 2023: (1) 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. (2) 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 December 31, 2023. (3) In April 2023, the Group completed 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 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 . (4) In 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. (5) In March 2023, Thom Browne Korea Ltd., a limited liability company fully owned by Thom Browne Trading SA, was incorporated. On July 1, 2023, Thom Browne began directly operating its business in South Korea and its network of 17 stores through the company, with the external support from the former franchise partner. The Group held a 90% interest in the company at December 31, 2023. (6) On April 6, 2023 and April 20, 2023, respectively, Investindustrial Acquisition Corp. and Ismaco Amsterdam B.V. were liquidated. (7) On September 5, 2023, Ermenegildo Zegna Group 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. The Group paid consideration of €4.7 million for 15% of the company. The Group accounts for this investment under the equity method based on its representation on the board of directors of the company and its participation in policy-making processes.
Schedule of Estimated Useful Lives of the Assets	Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows: Category of Property, Plant and Equipment Depreciation Rate Buildings 3% - 10% Plants and machinery 12.5% - 17.5% Industrial and commercial equipment 20% - 25% Leasehold improvements 10.0% - 25.0% Other tangible assets 10% - 25%
Schedule of Intangible Assets with a Definite Useful Life	Intangible assets with a definite useful life are amortized on a straight-line basis at the following rates: Category of Intangible Assets with a Finite Useful Life Depreciation Rate Concessions, licenses, trademarks and patents 2.5% - 25.0% Software 10% - 33% Know how 20% Development costs and other intangibles 10% - 33%

Segment reporting (Tables)

Segment reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Schedule of Selected Financial Information by Segment	The following tables summarize selected financial information by segment for the years ended December 31, 2023, 2022 and 2021. For the year ended December 31, 2023 (€ thousands) Zegna Thom Browne Tom Ford Fashion Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,290,608 378,410 235,531 — — 1,904,549 Inter-segment revenues 31,437 1,877 13 — (33,327) — Revenues 1,322,045 380,287 235,544 — (33,327) 1,904,549 Depreciation and amortization (139,902) (27,214) (26,008) (46) — (193,170) Adjusted EBIT 193,466 58,969 (1,741) (30,423) (59) 220,212 Transaction costs related to acquisitions (1) (6,001) Severance indemnities and provisions for severance expenses (2) (4,002) Legal costs for trademark dispute (3) (2,168) Costs related to the Business Combination (4) (2,140) Net impairments of leased and owned stores (5) (1,782) Special donations for social responsibility (6) (100) Net income related to lease agreements (7) 4,129 Financial income 37,282 Financial expenses (68,121) Foreign exchange losses (5,262) Result from investments accounted for using the equity method (2,953) Profit before taxes 169,094 ______________ (1) Relates to transaction costs of €6,001 thousand for consultancy and legal fees, primarily related to the TFI Acquisition and, to a lesser extent, the acquisition of the Thom Browne business in South Korea and the acquisition of a 25% interest in Norda. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate for €5,738 thousand and to the Thom Browne segment for €263 thousand. (2) Relates to severance indemnities of €4,002 thousand. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment for €1,166 thousand and to the Tom Ford Fashion segment for €2,836 thousand. (3) Relates to legal costs of €2,168 thousand in connection with defending a legal dispute initiated by adidas alleging that Thom Browne infringe its intellectual property rights. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Thom Browne segment. (4) Costs related to the Business Combination of €2,140 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 is recorded within “selling, general and administrative expenses” for €2,034 thousand and “cost of sales” for €106 thousand in the consolidated statement of profit and loss and relates to the Zegna segment for €1,066 thousand, to the Thom Browne segment for €98 thousand and to Corporate for €976 thousand. (5) Net impairment of leased and owned stores includes (i) impairment of €915 thousand related to property, plant and equipment, (ii) impairment of €832 thousand related to right-of-use assets and (iii) impairment of €35 thousand, related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Tom Ford Fashion segment for €910 thousand, to the Zegna segment for €855 thousand and to Thom Browne segment for €17 thousand. (6) Relates to a donation of €100 thousand to support initiatives related to humanitarian emergencies in Turkey. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (7) Net income related to lease agreements of €4,129 thousand relates to the derecognition of lease liabilities following a change in terms of a lease agreement in Hong Kong. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment . For the year ended December 31, 2022 (€ thousands) Zegna Thom Browne Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,162,826 330,014 — — 1,492,840 Inter-segment revenues 13,880 877 — (14,757) — Revenues 1,176,706 330,891 — (14,757) 1,492,840 Depreciation and amortization (148,747) (23,129) (6) — (171,882) Adjusted EBIT 141,513 48,077 (31,861) — 157,729 Legal costs for trademark dispute (1) (7,532) Transaction costs related to acquisitions (2) (2,289) Severance indemnities and provisions for severance expenses (3) (2,199) Costs related to the Business Combination (4) (2,137) Net impairment of leased and owned stores (5) (1,639) Special donations for social responsibility (6) (1,000) Net income related to lease agreements (7) 6,844 Financial income 13,320 Financial expenses (54,346) Foreign exchange losses (7,869) Result from investments accounted for using the equity method 2,199 Profit before taxes 101,081 ______________ (1) Relates to legal costs of €7,532 thousand in connection with a legal dispute between adidas and Thom Browne, primarily in relation to the use of trademarks. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Thom Browne segment. (2) Relates to transaction costs of €2,289 thousand for consultancy and legal fees related to the TFI Acquisition. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (3) Relates to severance indemnities of €2,199 thousand. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to the Zegna segment . (4) Costs related to the Business Combination of €2,137 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 is recorded within “selling, general and administrative expenses” for €2,099 thousand and “cost of sales” for €38 thousand in the consolidated statement of profit and loss and relates to the Zegna segment for €1,101 thousand, to the Thom Browne segment for €98 thousand and to Corporate for €938 thousand. For additional information please refer to Note 37 — Share-based payments . (5) Net impairment of leased and owned stores includes (i) impairment of €2,369 thousand related to right-of-use assets, (ii) reversals of impairment of €756 thousand related to property, plant and equipment and (iii) impairment of €26 thousand related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Zegna segment for a net impairment of €819 thousand and to the Thom Browne segment for impairment of €820 thousand. (6) Relates to a donation of €1,000 thousand to the United Nations High Commissioner for Refugees (UNHCR) to support initiatives related to the humanitarian emergency in Ukraine. This amount is recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and is related to Corporate. (7) Net income related to lease agreements relate entirely to the Zegna segment and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and include (i) proceeds of €6,500 thousand received from new tenants in order for the Group to withdraw from existing lease agreements of commercial properties and (ii) €950 thousand for reversals of previously recognized provisions in respect of a legal claim related to a lease agreement in the United States, partially offset by (ii) €606 thousand for costs related to a sublease agreement in the United States. For the year ended December 31, 2021 (€ thousands) Zegna Thom Browne Corporate Intercompany Eliminations Group Consolidated Revenues with third parties 1,029,005 263,397 — — 1,292,402 Inter-segment revenues 6,170 669 — (6,839) — Revenues 1,035,175 264,066 — (6,839) 1,292,402 Depreciation and amortization (137,500) (17,173) (2) — (154,675) Adjusted EBIT 131,929 38,097 (20,911) — 149,115 Costs related to the Business Combination (1) (205,059) Net costs related to lease agreements (2) (15,512) Severance indemnities and provisions for severance expenses (3) (8,996) Net impairment of leased and owned stores (4) (8,692) Other adjustments (5) (4,884) Financial income 45,889 Financial expenses (43,823) Foreign exchange gains (7,791) Result from investments accounted for using the equity method 2,794 Loss before taxes (96,959) ______________ (1) Costs related to the Business Combination in 2021 include: (a) €114,963 thousand relating to share-based payments for listing services recognized as the excess of the fair value of the Company ordinary shares issued as part of the Business Combination and the fair value of IIAC’s identifiable net assets acquired, in accordance with IFRS 2. (b) €37,906 thousand for the issuance of 5,031,250 the Company ordinary shares to the holders of IIAC class B shares to be held in escrow. The release of these shares from escrow is subject to achievement of certain targets within a seven-year period. (c) €34,092 thousand for transaction costs related to the Business Combination incurred by the Group, including costs for bank services, legal advisors and other consultancy fees. (d) €10,916 thousand for the Zegna family’s grant of a €1,500 special gift to each employee of the Group as result of the Company’s listing completed on December 20, 2021. (e) €5,380 thousand relating to grant of performance share units, which each represent the right to receive one ordinary share of the Company, to the Group’s Chief Executive Officer, other directors of the Group, key executives with strategic responsibilities and other employees of the Group, all subject to certain vesting conditions. For additional information please refer to Note 37 — Share-based payments . (f) €1,236 thousand related to the fair value of private warrants issued, pursuant to the Business Combination, to certain non-executive directors of the Group. (g) €566 thousand related to the write-off of non-refundable prepaid premiums for directors’ and officers’ insurance. These amounts are recorded within “selling, general and administrative expenses” for €200,961 thousand, within “cost of sales” for €4,086 thousand and “marketing expenses” for €12 thousand in the consolidated statement of profit and loss and are related to Corporate for €190,996 thousand, to the Zegna segment for €13,028 thousand and to the Thom Browne segment for €1,035 thousand . (2) Net costs related to lease agreements in 2021 relate entirely to the Zegna segment and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and include (i) €12,192 thousand of provisions relating to a lease agreement in the United States following an unfavorable legal claim judgment against the Group, (ii) €1,492 thousand of legal expenses related to a lease agreement in Italy and (iii) €1,829 thousand in accrued property taxes related to a lease agreement in the UK. (3) Relates to severance indemnities incurred by the Zegna segment of €8,996 thousand and recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss. (4) Net impairment of leased and owned stores in 2021 includes impairment of (i) €6,486 thousand related to right-of-use assets, (ii) €2,167 thousand related to property, plant and equipment and (iii) €39 thousand related to intangible assets. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss and are related to the Zegna segment. (5) Other adjustments for the year ended December 31, 2021 include €6,006 thousand related to losses incurred by Agnona subsequent to the Group’s sale of a majority stake in Agnona in January 2021, for which the Group was required to compensate the company in accordance with the terms of the related sale agreement, as well as €144 thousand relating to the write down of the Group’s remaining 30% stake in Agnona, both of which relate to Corporate, partially offset by other income generated by the Zegna segment of €1,266 thousand relating to the sale of rights to build or develop airspace above a building in the United States. These amounts are recorded within “selling, general and administrative expenses” in the consolidated statement of profit and loss. The following table summarizes non-current assets (other than financial instruments and deferred tax assets) by geography at December 31, 2023 and 2022. At December 31, (€ thousands) 2023 2022 EMEA (1) 359,174 281,749 of which Italy 211,394 178,714 North America (2) 739,044 549,634 of which United States (3) 730,090 546,362 Latin America (4) 4,926 5,147 APAC (5) 181,455 143,673 of which Greater China Region 113,134 103,621 of which Japan 18,415 21,339 of which South Korea (6) 27,624 — Total non-current assets (other than financial instruments and deferred tax assets) 1,284,599 980,203 __________________ (1) EMEA includes Europe, the Middle East and Africa. (2) North America includes the United States of America and Canada. (3) Non-current assets in the United States at December 31, 2023 and 2022 included goodwill of €206,699 thousand and €214,141 thousand, respectively, and intangible assets with an indefinite useful life relating to the Thom Browne brand of €162,832 thousand and €168,694 thousand, respectively, which originated on acquisition of the Thom Browne Group in 2018. For additional information see Note 14 — Intangible assets. (4) Latin America includes Mexico, Brazil and other Central and South American countries. (5) APAC includes the Greater China Region, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. (6) Non-current assets in South Korea at December 31, 2023 included goodwill of €24,003 thousand originated on acquisition of the Thom Browne business in South Korea in 2023. For additional information see Note 14 — Intangible assets

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Schedule of a Breakdown of Revenues by Product Line	The following table provides a breakdown of revenues by product line: For the years ended December 31, (€ thousands) 2023 2022 2021 ZEGNA branded products (1) 1,109,491 923,942 847,311 Thom Browne 378,410 330,014 263,397 TOM FORD FASHION 235,531 — — Textile 150,986 136,769 102,244 Third Party Brands 25,343 97,792 74,957 Other 4,788 4,323 4,493 Total revenues 1,904,549 1,492,840 1,292,402 _________________ (1) ZEGNA branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties.
Schedule of a Breakdown of Revenues by Sales Channel	The following table provides a breakdown of revenues by distribution channel: For the years ended December 31, (€ thousands) 2023 2022 2021 Direct to Consumer (DTC) ZEGNA branded products 945,313 772,505 712,862 Thom Browne 183,422 145,702 138,567 TOM FORD FASHION 136,291 — — Total Direct to Consumer (DTC) 1,265,026 918,207 851,429 Wholesale ZEGNA branded products 164,178 151,437 134,449 Thom Browne 194,988 184,312 124,830 TOM FORD FASHION 99,240 — — Third Party Brands and Textile 176,329 234,561 177,201 Total Wholesale 634,735 570,310 436,480 Other 4,788 4,323 4,493 Total revenues 1,904,549 1,492,840 1,292,402
Schedule of Breakdown of Revenues by Geographic Area	The following table provides a breakdown of revenues by geographic area: For the years ended December 31, (€ thousands) 2023 2022 2021 EMEA (1) 658,694 520,226 380,325 of which Italy 281,793 224,342 158,722 of which UK 70,191 53,970 37,682 of which UAE 68,729 50,926 32,944 North America (2) 417,352 294,686 191,283 of which United States 384,544 270,312 176,059 Latin America (3) 37,538 29,889 19,971 APAC (4) 788,007 644,802 696,344 of which Greater China Region 595,515 494,110 588,876 of which Japan 84,990 65,445 55,479 Other (5) 2,958 3,237 4,479 Total revenues 1,904,549 1,492,840 1,292,402 _______________ (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 revenues mainly include royalties.

Financial income, financial e_2

Financial income, financial expenses and foreign exchange losses (Tables)	12 Months Ended
	Dec. 31, 2023
Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses Abstract [Abstract]
Schedule 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 foreign exchange losses: For the years ended December 31, (€ thousands) 2023 2022 2021 Financial income Options - Changes in fair value 14,792 470 20,675 Securities 8,652 8,154 17,845 Hedging operations 2,968 241 661 Interest on financial other assets 2,707 1,226 1,881 Interest on financial receivables/loans 187 501 583 Derivative financial instruments 6,767 1,022 2,760 Other financial income 1,209 1,706 1,484 Total financial income 37,282 13,320 45,889 Financial expenses Options - Changes in fair value — (11,426) (13,391) Hedging operations (6,736) (11,701) (7,044) Interest and financial charges for lease liabilities (17,030) (9,882) (8,982) Warrants - Changes in fair value (22,909) (1,171) (4,137) Securities (4,412) (13,426) (3,902) Interest on bank loans and overdrafts (13,361) (4,785) (2,845) Interest expenses on interest rate swaps (300) (1,356) (2,076) Other financial expenses (3,373) (599) (1,446) Total financial expenses (68,121) (54,346) (43,823) Foreign exchange losses (5,262) (7,869) (7,791)

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Schedule of Breakdown for Income Taxes	The following table provides a breakdown for income taxes: For the years ended December 31, (€ thousands) 2023 2022 2021 Current taxes (54,795) (47,355) (47,882) Deferred taxes 21,362 11,553 17,180 Income taxes (33,433) (35,802) (30,702)
Schedule of Reconciliation between Actual Income Taxes and the Theoretical Income Taxes	The table below provides a reconciliation between actual income taxes and the theoretical income taxes, calculated on the basis of the applicable corporate tax rate in effect in Italy, which was 24.0% for each of the years ended December 31, 2023, 2022 and 2021. For the years ended December 31, (€ thousands, except percentages) 2023 2022 2021 Profit/(Loss) before taxes 169,094 101,081 (96,959) Theoretical income tax (expense)/benefit - tax rate 24% (40,583) (24,259) 23,270 Tax effect on: Non-taxable income/(Non-deductible costs) 11,454 (8,256) (23,863) Differences between foreign tax rates and the theoretical applicable tax rate 5,847 10,829 (2,849) Tax benefit/(expense) relating to prior years 2,997 (96) (2,668) Deferred tax assets recognized from previous years 7,425 — — Deferred tax assets not recognized (4,107) 1,876 (14,978) Tax on dividends and earnings (5,613) (5,366) (9,027) Other tax items (6,363) (6,934) 449 Total tax expense, excluding IRAP (28,943) (32,206) (29,666) Effective tax rate, excluding IRAP 17.1 % 31.9 % (30.6 %) Italian regional income tax expense (IRAP) (4,490) (3,596) (1,036) Total income tax (33,433) (35,802) (30,702) Effective tax rate 19.8 % 35.4 % (31.7 %)
Schedule of Breakdown For Deferred Tax Assets and Deferred Tax Liabilities	The following tables provide a breakdown for deferred tax assets and deferred tax liabilities: (€ thousands) At December 31, 2022 Recognized in profit and loss Recognized in comprehensive income/(loss) Business Combination Exchange differences and other At December 31, 2023 Deferred tax assets arising on: Employee benefits 4,794 1,564 (297) 86 (118) 6,030 Property, plant and equipment 9,878 (1,401) — — 106 8,583 Lease liabilities 59,963 (4,373) — 46,141 1,368 103,099 Intangible assets 3,229 (65) — — 215 3,379 Provision for obsolete inventory 27,647 2,348 — (1,036) 28,959 Elimination of Intercompany margin on inventory 28,447 8,361 — 3,439 (546) 39,701 Provisions 3,647 (223) (47) — (1,009) 2,368 Financial assets 1,596 — (148) — — 1,448 Tax losses 41,622 1,601 — — 3,143 46,366 Other 503 3,051 (17) 3,091 537 7,165 Total deferred tax assets 181,326 10,863 (509) 52,757 2,660 247,098 Deferred tax liabilities arising on: Property, plant and equipment 448 (184) — — 32 296 Right-of-use assets 57,156 (7,288) — 46,132 615 96,615 Intangible assets 45,301 1,370 — 327 (138) 46,860 Financial assets fair value 2,382 45 (210) — (400) 1,817 Other 11,946 (4,442) (2,254) 4,776 4,492 14,517 Total deferred tax liabilities 117,233 (10,499) (2,464) 51,235 4,601 160,105 (€ thousands) At December 31, 2021 Recognized in profit and loss Recognized in comprehensive income/(loss) Exchange differences and other At December 31, 2022 Deferred tax assets arising on: Employee benefits 4,665 352 (85) (138) 4,794 Property, plant and equipment 11,107 (1,668) — 439 9,878 Lease liabilities 36,752 23,255 — (43) 59,963 Intangible assets 3,246 (85) — 68 3,229 Provision for obsolete inventory 21,077 4,602 — 1,968 27,647 Elimination of Intercompany margin on inventory 21,695 6,493 — 259 28,447 Provisions 2,851 1,463 — (667) 3,647 Financial assets 1,533 (84) — 147 1,596 Tax losses 36,766 100 — 4,756 41,622 Other 2,685 688 (18) (2,852) 503 Total deferred tax assets 142,377 35,116 (103) 3,937 181,326 Deferred tax liabilities arising on: Property, plant and equipment — 452 — (4) 448 Right-of-use assets 34,188 22,953 — 18 57,156 Intangible assets 45,420 (202) — 83 45,301 Financial assets fair value 2,461 (1,423) 1,158 186 2,382 Other 5,944 1,783 2,278 1,941 11,946 Total deferred tax liabilities 88,013 23,563 3,436 2,224 117,233
Schedule of Tax Losses Carried Forward for which No Deferred Tax Assets	The following table provides the details of tax losses carried forward for which no deferred tax assets were recognized: At December 31, (€ thousands) 2023 2022 Expiry within 1 year 15,265 9,936 Expiry 1-5 years 20,793 35,927 Expiry over 5 years 66,384 86,433 No expiration 328,736 321,389 Total tax losses carried forward 431,178 453,685

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Schedule 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 years ended December 31, (€ thousands, except per share data ) 2023 2022 2021 Profit/(Loss) attributable to shareholders of the Parent Company 121,529 51,482 (136,001) Weighted average number of shares for basic earnings per share 247,015,882 237,545,736 203,499,933 Adjustments for calculation of diluted earnings per share: Long-Term Incentive Awards 2022-2025 (1) 1,775,976 946,990 — CEO 2022-2024 PSUs (2) 1,149,273 1,031,673 — CEO remuneration in shares (3) 1,134,108 1,081,513 — IPO PSUs (4) 790,000 — — Long-term equity incentives (5) 307,242 — Non-executive directors remuneration in shares (6) 149,836 41,601 — 2023 Restricted Stock Units Plan (7) 41,452 — — Weighted average number of shares for diluted earnings per share 252,363,769 240,647,513 203,499,933 Basic earnings per share in Euro 0.49 0.22 (0.67) Diluted earnings per share in Euro 0.48 0.21 (0.67) For the year ended December 31, 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 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 37 — Share-based payments . (1) Long-Term Incentive Awards 2022-2025 — Performance share units (“ PSUs ”) and retention restricted share units (“ RSUs ”) granted to the Group’s senior management (excluding the CEO) (“Senior Management Team”), 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. (2) CEO 2022-2024 PSUs — Performance share units (PSUs) granted to the CEO, which 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. (3) CEO remuneration in shares — Potential ordinary shares from the exercise of the share purchase rights of all or part of the CEO’s fixed remuneration. (4) IPO PSUs — PSUs related to the Company’s public listing, granted to the CEO and certain members of the Senior Management Team, which are considered to be potential ordinary shares if the performance market conditions have been met and if the recipient was still employed by the Group at the reporting date. (5) Long-term equity incentives — Potential ordinary shares of the Company granted to Senior Management Team equal to a value of $7,500 thousand, that will be assigned in 2024, which are considered to be potential ordinary shares if the recipient was still employed by the Group at the reporting date. (6) 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 2024 and 2025. (7) 2023 Restricted Stock Units Plan — RSUs granted to Senior Management Team, which are considered to be potential ordinary shares if the recipient was still employed by the Group at the reporting date.

Other information by nature (Ta

Other information by nature (Tables)	12 Months Ended
	Dec. 31, 2023
Other Information Abstract [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 consolidated statement of profit and loss: For the years ended December 31, (€ thousands) 2023 2022 2021 Depreciation and amortization Personnel costs Depreciation and Personnel costs Depreciation and Personnel costs Cost of sales (16,376) (132,447) (13,557) (116,330) (13,034) (98,384) Selling, general and administrative expenses (174,905) (344,421) (157,050) (270,845) (140,165) (262,053) Marketing expenses (1,889) (10,276) (1,275) (7,912) (996) (7,325) Total (193,170) (487,144) (171,882) (395,087) (154,195) (367,762)

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Schedule of Breakdown for Intangible Assets	The following table provides a breakdown for intangible assets: (€ thousands) Goodwill Brands with an indefinite useful life Concessions, licenses, trademarks and patents Other intangible assets Intangible assets in progress Total Historical cost at January 1, 2022 227,230 158,864 45,003 126,661 4,181 561,939 Additions — — 1,620 23,474 164 25,258 Disposals — — (3,164) (4,651) (3,199) (11,014) Exchange differences 12,479 9,830 82 518 — 22,909 Other movements and reclassifications — — (1,202) 1,202 — — Balance at December 31, 2022 239,709 168,694 42,339 147,204 1,146 599,092 Additions — — 1,777 21,598 633 24,008 Disposals — — (369) (431) (166) (966) Business combinations 23,966 — 99,295 3,520 305 127,086 Exchange differences (7,405) (5,862) (765) (851) (43) (14,926) Other movements and reclassifications — — 1,644 (1,000) (1,769) (1,125) Balance at December 31, 2023 256,270 162,832 143,921 170,040 106 733,169 Accumulated amortization at January 1, 2022 — — (39,132) (97,587) — (136,719) Amortization — — (1,457) (10,926) — (12,383) Disposals — — 2,761 4,122 — 6,883 Impairment — — 1 (27) — (26) Exchange differences — — 838 (1,777) — (939) Balance at December 31, 2022 — — (36,989) (106,195) — (143,184) Amortization — — (3,963) (15,190) — (19,153) Disposals — — 369 413 — 782 Impairment — — — (35) — (35) Exchange differences — — 164 531 — 695 Other movements and reclassifications — — (929) 929 — — Balance at December 31, 2023 — — (41,348) (119,547) — (160,895) Carrying amount at: January 1, 2022 227,230 158,864 5,871 29,074 4,181 425,220 December 31, 2022 239,709 168,694 5,350 41,009 1,146 455,908 December 31, 2023 256,270 162,832 102,573 50,493 106 572,274
Schedule of Goodwill Originated on Acquisitions made by the Group	Goodwill originated on acquisitions made by the Group and brands with an indefinite useful life that are acquired separately are attributable to the following operating segments: At December 31, (€ thousands) 2023 2022 ZEGNA 25,568 25,568 Thom Browne 393,534 382,835 Total goodwill and brands with an indefinite useful life 419,102 408,403
Schedule of Sensitivity Oof the Impairment Testing to Reasonably Possible Changes in Both Assumptions	The following tables detail the sensitivity of the impairment testing to reasonably possible changes in both assumptions, for those CGUs that have significant goodwill and brands with an indefinite useful life allocated to them. 2023 Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) vs. 2023 WACC Growth rate EBITDA CGU Thom Browne Group (*) 484 881 300 +15.9% 317 403 405 CGU Thom Browne Korea Ltd. 31 905 300 n.a. 22 27 25 CGU Gruppo Dondi S.p.A. 51 955 300 +15.5% 39 45 46 CGU Bonotto S.p.A. 6 955 300 -9.5% 3 5 5 CGU In.Co. S.p.A. 39 955 300 +11.2% 20 30 30 CGU Tessitura Ubertino S.r.l. 20 955 300 -2.8% 16 18 18 _________________ (*) Excluding the Thom Browne business in South Korea, which is part of the CGU Thom Browne Korea Ltd. 2022 Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) vs. 2022 WACC Growth rate EBITDA CGU Thom Browne Group 454 841 300 +20.8% 362 372 381 CGU Gruppo Dondi S.p.A. 66 878 300 +7.0% 52 59 61 CGU Bonotto S.p.A. 3 878 300 -1.0% 0 2 2 CGU In.Co. S.p.A. 110 878 300 +2.2% 85 98 98 CGU Tessitura Ubertino S.r.l. 22 878 300 +6.6% 18 20 21

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of Property Plant and Equipment	The following table provides a breakdown for property, plant and equipment: (€ thousands) Land and buildings Plant and machinery Industrial and commercial equipment Leasehold improvements Other tangible assets Tangible assets under construction and advances Total Historical cost at January 1, 2022 8,537 164,539 144,831 228,904 8,710 3,428 558,949 Additions 11 6,171 11,121 27,081 153 3,637 48,174 Disposals — (17,130) (12,341) (18,874) (200) — (48,545) Exchange differences — (37) 5,117 (2,353) 24 (30) 2,721 Reclassifications — 320 (769) 3,432 (947) (2,036) — Balance at December 31, 2022 8,548 153,863 147,959 238,190 7,740 4,999 561,299 Additions 33 10,812 14,342 31,390 562 8,461 65,600 Disposals — (4,245) (8,302) (26,049) (104) (36) (38,736) Business combinations — 238 6,781 12,094 1,328 158 20,599 Exchange differences — 121 (2,515) (10,812) (23) (358) (13,587) Reclassifications — 966 4,235 6,752 (3,074) (7,798) 1,081 Balance at December 31, 2023 8,581 161,755 162,500 251,565 6,429 5,426 596,256 Accumulated depreciation at January 1, 2022 (3,735) (142,469) (120,599) (173,351) (6,841) (480) (447,475) Depreciation (296) (6,879) (11,504) (20,356) (1,167) — (40,202) Disposals — 17,048 12,262 18,747 193 — 48,250 Impairment — (23) (438) 1,217 — — 756 Exchange differences — (71) (1,437) 4,139 880 — 3,511 Reclassifications 6 71 (1,443) 17 869 480 — Balance at December 31, 2022 (4,025) (132,323) (123,159) (169,587) (6,066) — (435,160) Depreciation (250) (6,454) (13,538) (26,558) (278) — (47,078) Disposals — 4,101 7,840 24,677 94 — 36,712 Impairment — 4 (406) (513) — — (915) Exchange differences (162) (92) 2,195 7,834 18 — 9,793 Reclassifications — 63 (1,844) — 1,781 — — Balance at December 31, 2023 (4,437) (134,701) (128,912) (164,147) (4,451) — (436,648) Carrying amount at: January 1, 2022 4,802 22,070 24,232 55,553 1,869 2,948 111,474 December 31, 2022 4,523 21,540 24,800 68,603 1,674 4,999 126,139 December 31, 2023 4,144 27,054 33,588 87,418 1,978 5,426 159,608
Summary of Impairment Testing in Respect of Property Plant and Equipment	The following tables present the sensitivity of the 2023 and 2022 Zegna, Thom Browne and Tom Ford Fashion segments DOS impairment test to reasonably possible changes in the aforementioned assumptions: Existing assumption Sensitivity effects on impairment (€ millions, except percentages and basis points) Impairment WACC (%) Growth rate (%) Revenues CAGR (%) vs. current year WACC Growth rate Revenues Zegna segment DOS 2023 (855) 8.64% / 12.56% 2.00% / 3.00% +15.7% (965) (917) (1,480) 2022 (2,231) (1) 8.84% / 17.20% 1.50% / 5.00% +7.6% (2,413) (2,258) (2,714) Thom Browne segment DOS 2023 (17) 11.16% / 12.56% 2.50% / 3.00% +7.5% (17) (17) (17) 2022 (820) 8.84% / 11.59% 1.50% / 3.00% +9.5% (1,003) (848) (1,120) Tom Ford Fashion segment DOS 2023 (910) 11.27% / 12.16% 3.00% +18.2% (925) (912) (1,029) _________________ (1) Gross of reversals related to the reduction of right-of-use assets of €1,412 thousand.
Summary of Impairment Testing to Reasonably Possible Changes in Assumptions	The following tables present the sensitivity analysis of the 2023 and 2022 impairment test of corporate assets to reasonably possible changes in aforementioned assumptions: Existing assumption Sensitivity effects on headroom (€ millions, except percentages and basis points) Headroom WACC Growth rate EBITDA CAGR (%) WACC Growth rate Revenues CGU Zegna segment 2023 2,036 898 300 +18.9% 1,588 1,822 1,741 2022 1,590 855 300 +16.3% 1,196 1,399 1,337 CGU Thom Browne segment 2023 484 881 300 +15.9% 317 403 405 2022 454 841 300 +20.8% 362 372 381

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [abstract]
Schedule 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 right-of-use assets Total Historical cost at January 1, 2022 715,325 572 168 5,784 721,849 Additions 135,933 32 — 1,816 137,781 Disposals (101,692) (80) — (1,789) (103,561) Exchange differences 9,357 — — (18) 9,339 Balance at December 31, 2022 758,923 524 168 5,793 765,408 Additions 139,057 66 — 2,872 141,995 Disposals (65,322) (545) — (2,091) (67,958) Business combinations 160,659 — — 210 160,869 Exchange differences (22,284) — — (19) (22,303) Balance at December 31, 2023 971,033 45 168 6,765 978,011 Accumulated amortization at January 1, 2022 (347,403) (449) (81) (3,446) (351,379) Amortization (117,488) (117) (34) (1,658) (119,297) Impairments (2,369) — — — (2,369) Disposals 82,858 80 — 1,694 84,632 Exchange differences (1,494) — — 7 (1,487) Balance at December 31, 2022 (385,896) (486) (115) (3,403) (389,900) Amortization (125,096) (75) (35) (1,733) (126,939) Impairments (832) — — — (832) Disposals 58,161 546 — 1,653 60,360 Exchange differences 13,229 — — 23 13,252 Balance at December 31, 2023 (440,434) (15) (150) (3,460) (444,059) Carrying amount at: January 1, 2022 367,922 123 87 2,338 370,470 December 31, 2022 373,027 38 53 2,390 375,508 December 31, 2023 530,599 30 18 3,305 533,952

Investments accounted for usi_2

Investments accounted for using the equity method (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of associates [abstract]
Schedule of Ownership Percentages and Carrying Value of Investments Accounted for Using the Equity Method	The Group’s ownership percentages and the carrying value of investments accounted for using the equity method were as follows: (€ thousands, except percentages) Tom Ford International LLC Pelletteria Tizeta S.r.l. Norda Run Inc. Filati Biagioli Modesto S.p.A. Luigi Fedeli e Figlio S.r.l. Total investments accounted for using the equity method Group’s percentage interest at December 31, 2023 100 % 100 % 25 % 40 % 15 % Group’s percentage interest at December 31, 2022 15 % 50 % — % 40 % — % At January 1, 2022 18,345 3,416 — 686 — 22,447 Disposal — — — (2) — (2) Net income 76 1,292 — 831 — 2,199 Translation differences (1,996) — — — — (1,996) At December 31, 2022 16,425 4,708 — 1,515 — 22,648 Additions 1,845 — 6,580 6,700 4,656 19,781 Disposal — — — (13) — (13) Net (loss)/income (2,587) 350 (2) (712) (2) (2,953) Translation differences 764 — 43 — — 807 Business combinations (16,447) (5,058) — — — (21,505) At December 31, 2023 — — 6,621 7,490 4,654 18,765
Schedule of Financial Information of Associates And Joint Ventures	Certain financial information of companies accounted for using the equity method is provided below at and for the period from the acquisition date to December 31, 2023 or for the year ended December 31, 2023, as required by IFRS 12— Disclosure of Interest in Other Entities (“IFRS 12”). (€ thousands) Norda Run Inc. Filati Biagioli Modesto S.p.A. Luigi Fedeli e Figlio S.r.l. Total assets 8,291 61,084 30,121 Total liabilities 2,871 42,266 21,592 Total equity 5,420 18,818 8,529 Net revenues 4,433 52,253 7,048 Net income/(loss) (7) (1,789) (13)

Other non-current financial a_2

Other non-current financial assets (Tables)	12 Months Ended
	Dec. 31, 2023
Categories of non-current financial assets [abstract]
Schedule of Other Noncurrent Financial Assets	The following table provides a breakdown for other non-current financial assets: At December 31, (€ thousands) 2023 2022 Guarantee deposits 28,362 26,814 Financial loans to related parties — 2,240 Financial loans to TFI — 1,862 Lease receivables from sublease 1,115 1,366 Other 4,421 3,958 Total other non-current financial assets 33,898 36,240

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Measuring inventories [Abstract]
Schedule of Breakdown of Inventories	The following table provides a breakdown for inventories (net of the provision for slow moving and obsolete inventories): At December 31, (€ thousands) 2023 2022 Raw materials, ancillary materials and consumables 90,460 61,822 Work-in-progress and semi-finished products 46,735 63,019 Finished goods 385,394 286,010 Total inventories 522,589 410,851
Schedule of Changes in Provision for Slow Moving and Obsolete Inventories	The following table provides the changes in the total provision for slow moving and obsolete inventories for the years ended December 31, 2023 and 2022. 2023 2022 At January 1, (147,819) (136,822) Provisions (59,558) (28,561) Utilizations and releases 27,708 22,707 Exchange differences and other changes 4,447 (5,143) At December 31, (175,222) (147,819)

Trade receivables (Tables)

Trade receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Trade Receivable [Abstract]
Schedule of Breakdown for Trade Receivables	The following table provides a breakdown for trade receivables: At December 31, (€ thousands) 2023 2022 Trade receivables 247,138 183,725 Loss allowance (6,681) (6,512) Total trade receivables 240,457 177,213 The following table provides a breakdown for the loss allowance relating to trade receivables: Loss allowance (€ thousands) 2023 2022 At January 1, (6,512) (6,643) Provisions (3,276) (806) Utilizations 285 131 Releases 2,829 645 Exchange differences and other (7) 161 At December 31, (6,681) (6,512)
Schedule of Trade Receivable by Geographic Area	The following table presents trade receivables by geographic area: At December 31, (€ thousands) 2023 2022 EMEA (1) 102,653 77,817 of which Italy 60,174 50,897 North America (2) 38,636 24,523 of which United States 33,028 20,669 Latin America (3) 8,936 5,770 APAC (4) 90,232 69,103 of which Greater China Region 61,990 47,924 Total trade receivables 240,457 177,213 _________________ (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.

Derivative financial instrume_2

Derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Financial Instruments [Abstract]
Schedule of Outstanding Hedges	At the reporting date, the Group had outstanding hedges as detailed in the tables below: At December 31, 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 595,819 6,371 (897) 481,110 13,075 (2,362) Interest rate risk Interest rate swaps 133,962 4,739 — 320,000 9,379 — Total derivatives instruments - Asset/(Liabilities) 729,781 11,110 (897) 801,110 22,454 (2,362)
Schedule of Notional Amount of Foreign Exchange	The notional amount of foreign exchange forward contracts to hedge projected future cash flows are detailed as follows: For the years ended December 31, (€ thousands) 2023 2022 USD 206,232 203,611 CHF — 8,145 CNY 201,153 94,203 GBP 54,282 36,984 JPY 34,749 35,119 HKD 31,735 59,160 Other 67,668 43,888 Total notional amount 595,819 481,110
Schedule of Interest Rate Swap (IRS) Agreements	The key features of the interest rate swap (IRS) agreements are summarized as follows: (€ thousands, except percentages) Notional amount at December 31, Fair value at December 31, Contract Maturity date Fixed interest rate 2023 2022 2023 2022 IRS 1 1/27/2023 0.27% — 20,000 — 67 IRS 2 2/8/2023 0.17% — 20,000 — 45 IRS 3 4/27/2023 0.26% — 50,000 — 428 IRS 4 8/3/2023 0.28% — 40,000 — 676 IRS 5 11/17/2023 0.34% — 60,000 — 1,564 IRS 6 4/15/2024 (0.24%) 80,000 80,000 2,190 3,775 IRS 7 12/20/2024 0.01% 50,000 50,000 2,380 2,824 IRS 8 9/30/2027 0.22% 2,775 — 128 — IRS 9 12/31/2025 (0.15%) 1,187 — 41 — Total 133,962 320,000 4,739 9,379

Other current financial assets

Other current financial assets (Tables)	12 Months Ended
	Dec. 31, 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 34 — Fair value measurement for a breakdown of other current financial assets by fair value level): At December 31, (€ thousands) 2023 2022 Securities 85,320 316,595 Guarantee deposits 5,431 2,075 Financial receivables 166 2,224 Total other current financial assets 90,917 320,894 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 December 31, 2023 FVPL Private equity 18,311 3,035 (802) 2,266 — (411) 22,399 Real estate funds 12,129 2,096 — (1,887) — (192) 12,146 Private debt 13,644 1,001 (4,224) (347) 32 — 10,106 Hedge funds 46,761 4,009 (42,658) 706 264 (87) 8,995 Money market funds 2,587 18,578 (19,038) (71) 209 (172) 2,093 Equity 14,592 997 (14,999) (159) 703 7 1,141 Insurance contracts 114,975 — (115,485) 545 (35) — — Fixed income 64,017 — (65,018) — 1,001 — — Commodities 2,727 — (2,601) — (126) — — Total FVPL 289,743 29,716 (264,825) 1,053 2,048 (855) 56,880 FVOCI Floating income 17,742 — (1,005) (45) — — 16,692 Fixed income 9,110 3,884 (1,996) 304 446 — 11,748 Total FVOCI 26,852 3,884 (3,001) 259 446 — 28,440 Total securities 316,595 33,600 (267,826) 1,312 2,494 (855) 85,320 (€ thousands) At December 31, 2021 Investments Disposals Fair value adjustments Realized gains/(losses) Exchange rate gains/(losses) At December 31, 2022 FVPL Private equity 15,925 6,230 (7,533) 3,282 17 390 18,311 Real estate funds 32,898 2,496 (24,633) 248 800 320 12,129 Private debt 7,945 5,201 — 498 — — 13,644 Hedge funds 41,483 7,304 — (2,631) — 605 46,761 Money market funds 2,007 966 (370) 77 — (93) 2,587 Equity 25,408 — (7,101) (3,354) (590) 229 14,592 Insurance contracts 113,919 — — 1,056 — — 114,975 Fixed income 68,947 — — (4,930) — — 64,017 Commodities — 2,991 — (264) — — 2,727 Total FVPL 308,532 25,188 (39,637) (6,018) 227 1,451 289,743 FVOCI Floating income 20,687 — (2,500) (445) — — 17,742 Fixed income 5,025 5,000 — (915) — — 9,110 Total FVOCI 25,712 5,000 (2,500) (1,360) — — 26,852 Total securities 334,244 30,188 (42,137) (7,378) 227 1,451 316,595

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Schedule of Breakdown of Cash and Cash Equivalents	The following table provides a breakdown for cash and cash equivalents: At December 31, (€ thousands) 2023 2022 Cash on hand 3,275 2,322 Bank balances 293,004 251,999 Total cash and cash equivalents 296,279 254,321

Shareholder' equity (Tables)

Shareholder' equity (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of reserves within equity [abstract]
Schedule of changes in Share Capital, Share Premium and Number of Ordinary Shares and Special Voting Shares	The following table summarizes the changes in the share capital, share premium and number of ordinary shares and special voting shares of the Company for the years ended December 31, 2022 and 2023: Share capital Share premium Outstanding ordinary shares Ordinary shares held in treasury Total ordinary shares Special voting shares At January 1, 2022 5,939 721,187 242,343,659 54,600,000 296,943,659 — Ordinary shares issued to warrant holders — — 1 (1) — — Ordinary shares assigned under share-based payments (1) — — 459,086 (459,086) — — At December 31, 2022 5,939 721,187 242,802,746 54,140,913 296,943,659 — Ordinary shares issued to warrant holders (2) 115 64,500 5,761,067 — 5,761,067 — Ordinary shares assigned delivered under share-based payments (3) — — 1,746,450 (1,746,450) — — Special Voting Shares A issued (4) 3,100 (3,100) — — — 154,981,350 At December 31, 2023 9,154 782,587 250,310,263 52,394,463 302,704,726 154,981,350 __________________ (1) Includes 459,086 ordinary shares, which were previously held in treasury, delivered to the CEO as a result of the conversion of the CEO’s fixed remuneration for 2021 for an aggregate purchase price of €3,390 thousand. (2) The Company issued an aggregate of 5,761,067 newly issued ordinary shares as a result of the exercise of warrants in the first quarter of 2023. For additional information see Note 28 — Other current and non-current financial liabilities - Warrant liabilities. (3) As a result of the vesting of certain equity incentive arrangements, ordinary shares, which were previously held in treasury, were assigned to participants of the share-based payments plans. It includes: (a) 588,000 ordinary shares delivered to the CEO under the CEO 2022-2024 LTIP in relation to the 2022 performance period; (b) 240,000 ordinary shares delivered to the CEO under the CEO IPO PSUs plan. (c) 450,000 ordinary shares delivered to the directors of the Group (excluding the CEO), key executives with strategic responsibilities and other employees of the Group under the Management IPO PSUs plan. (d) 468,450 ordinary shares delivered to the CEO under the right to convert the CEO’s fixed remuneration in shares of the Company for an aggregate purchase price of €3,654 thousand. For additional information relating to the equity incentive arrangements of the Group, see Note 37 — Share-based payments . (4)
Schedule of Other Reserves Including Other Comprehensive Income	Other reserves are detailed as follows: At December 31, (€ thousands) 2023 2022 Share-based payments reserve 96,008 88,557 Non-controlling interests options reserve (183,525) (183,525) Other (66,479) (74,764) Other reserves (153,996) (169,732)

Non-controlling interests (Tabl

Non-controlling interests (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Schedule of Each Subsidiary are before Intercompany Eliminations	The following tables show the financial information of consolidated companies not entirely controlled by the Group, as required by IFRS 12. The amounts disclosed for each subsidiary are before intercompany eliminations and at and for the year ended December 31, 2023 and 2022. At and for the year ended December 31, 2023 (Functional currency thousands) Country Group’s Non- Functional Total Total Net Net income / Dividends Company Thom Browne Inc. U.S.A. 90% 10% USD 378,736 199,275 411,192 49,988 — Ermenegildo Zegna Vietnam LLC Vietnam 90% 10% VTD 42,201,273 27,134,951 40,281,928 5,446,184 — Ermenegildo Zegna Madrid S.A. Spain 70% 30% EUR 4,591 1,811 5,412 34 — Gruppo Dondi S.p.A. Italy 65% 35% EUR 39,369 22,387 44,588 3,935 (708) E. Z. Thai Holding Ltd Thailand 49% 51% THB 12,338 (264) — (283) — Bonotto S.p.A. Italy 60% 40% EUR 25,596 10,974 25,657 2,709 (451) Tessitura Ubertino S.r.l. Italy 60% 40% EUR 8,404 4,863 11,051 1,479 (600) Cappellificio Cervo S.r.l. Italy 51% 49% EUR 2,186 938 3,281 119 (11) Zegna South Asia Private LTD India 51% 49% INR 732,458 271,079 473,553 71,215 — Zegna Gulf Trading LLC UAE 49% 51% AED 193,655 79,300 250,244 60,856 (17,150) The Italian Fashion Co. LTD Thailand 65% 35% THB 238,912 (2,053) 255,389 14,880 — Zegna for Retail of Readymade and Novelty Clothes W.L.L. Kuwait 49% 51% KWD 1,439 384 791 (227) — At and for the year ended December 31, 2022 (Functional currency thousands) Country Group’s Non- Functional Total Total Net Net income / Dividends Company Thom Browne Inc. U.S.A. 90% 10% USD 298,901 146,879 348,445 43,277 (2,000) Ermenegildo Zegna Vietnam LLC Vietnam 90% 10% VTD 59,373,311 21,638,614 45,647,540 7,913,295 — Ermenegildo Zegna Madrid S.A. Spain 70% 30% EUR 3,718 1,741 3,838 120 (90) Gruppo Dondi S.p.A. Italy 65% 35% EUR 39,469 20,507 47,655 4,901 (1,113) E. Z. Thai Holding Ltd Thailand 49% 51% THB 12,669 19 — (309) — Bonotto S.p.A. Italy 60% 40% EUR 23,739 9,431 24,552 2,075 (797) Tessitura Ubertino S.r.l. Italy 60% 40% EUR 8,351 4,921 10,245 983 (312) Cappellificio Cervo S.r.l. Italy 51% 49% EUR 1,630 864 2,371 85 — Zegna South Asia Private LTD India 51% 49% INR 590,989 199,864 395,827 76,155 — Zegna Gulf Trading LLC UAE 49% 51% AED 140,841 53,895 191,749 52,806 — The Italian Fashion Co. LTD Thailand 65% 35% THB 198,556 (16,584) 190,048 11,015 —

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Schedule of Non-current and Current Borrowings	The following table provides a breakdown for non-current and current borrowings: 2023 2022 (€ thousands) Committed Loans Other financial loans Total borrowings Committed Loans Other financial loans Total borrowings At January 1, 470,627 428 471,055 578,213 50,725 628,938 Business combinations 21,258 8,632 29,890 — — — Repayments (298,256) (7,894) (306,150) (109,422) (50,297) (159,719) Proceeds 119,924 84,500 204,424 — — — Other 3,403 — 3,403 1,836 — 1,836 At December 31, 316,956 85,666 402,622 470,627 428 471,055 Of which: Non-current 113,244 41 113,285 184,661 219 184,880 Current 203,712 85,625 289,337 285,966 209 286,175
Schedule of Tabular Form of Repayment Schedule for Borrowings	The repayment schedule for borrowings is summarized below: (€ thousands) At December 31, 2023 Year 1 Year 2 Year 3 Year 4 Year 5 and beyond Committed loans 316,956 203,712 84,936 19,670 4,586 4,052 Other financial liabilities 85,666 85,625 41 — — — Total borrowings 402,622 289,337 84,977 19,670 4,586 4,052 (€ thousands) At December 31, 2022 Year 1 Year 2 Year 3 Year 4 Year 5 and beyond Committed loans 470,627 285,966 137,206 35,387 3,994 8,074 Other financial liabilities 428 209 211 8 — — Total borrowings 471,055 286,175 137,417 35,395 3,994 8,074
Schedule of Details of Borrowings	The following tables provide details relating to the Group’s individual borrowings. At December 31, 2023 Borrower Interest rate Interest rate terms Expiry date of which current portion of which non-current portion (€ thousands) Co.Ti Service S.A. Fixed 0.75% August 2025 — 20,000 Co.Ti Service S.A. Fixed 0.75% April 2025 — 10,000 Ermenegildo Zegna N.V. Variable IRS + 0.60% December 2024 50,808 — Ermenegildo Zegna N.V. Variable IRS + 0.81% April 2024 81,351 — Ermenegildo Zegna N.V. Variable Euribor 1m + 0.79% May 2025 3,331 1,494 Ermenegildo Zegna N.V. Fixed 0.73% September 2028 3,979 16,034 Ermenegildo Zegna N.V. Variable Euribor 3m + 0.60% February 2024 20,078 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.77% December 2026 33 19,988 Ermenegildo Zegna N.V. Variable Euribor 6m + 0.97% December 2025 13 39,971 Ermenegildo Zegna N.V. Variable Euribor 3m + 0.80% February 2024 40,234 — Ermenegildo Zegna N.V. Fixed 4.00% February 2024 15,123 — Ermenegildo Zegna N.V. Variable Euribor 1m + 0.05% February 2024 19,592 — Ermenegildo Zegna N.V. Fixed 4.05% March 2024 35,122 — Ermenegildo Zegna N.V. Fixed 4.05% March 2024 15,052 — Lanificio Ermenegildo Zegna e Figli S.p.A. Fixed 1.35% June 2024 109 31 Tom Ford Distribution S.r.l. Fixed 1.57% October 2026 124 232 Tom Ford Distribution S.r.l. Variable Euribor 3m + 0.80% September 2024 384 — Tom Ford Distribution S.r.l. Fixed 2.20% June 2026 143 220 Tom Ford Distribution S.r.l. Variable Euribor 3m + 1.48% November 2026 199 408 Tom Ford Distribution S.r.l. Variable Euribor 3m + 1.48% November 2026 399 815 Tom Ford Distribution S.r.l. Fixed 1.60% January 2027 101 217 Tom Ford Distribution S.r.l. Fixed 2.02% November 2026 124 255 Tom Ford Distribution S.r.l. Variable IRS + 3.09% September 2027 716 2,035 Tom Ford Distribution S.r.l. Variable Euribor 1m + 0.45% January 2024 1,000 — Pelletteria Tizeta S.r.l. Variable Euribor 6m + 1.65% September 2026 195 368 Pelletteria Tizeta S.r.l. Fixed 2.02% October 2026 99 204 Pelletteria Tizeta S.r.l. Fixed 1.58% July 2026 124 201 Pelletteria Tizeta S.r.l. Fixed 1.63% August 2026 122 207 Pelletteria Tizeta S.r.l. Variable IRS + 1.39% December 2025 591 595 Other borrowings Fixed 0.05% - 0.49% Up to 2029 191 10 Total 289,337 113,285 of which fixed 70,413 47,611 of which variable 218,924 65,674 At December 31, 2022 Borrower Interest rate Interest rate terms Expiry date of which current portion of which non-current portion (€ thousands) Ermenegildo Zegna N.V. Variable IRS + 1.48% January 2023 20,099 — Ermenegildo Zegna N.V. Variable IRS + 0.80% February 2023 20,000 — Ermenegildo Zegna N.V. Fixed 0.77% March 2023 15,000 — Ermenegildo Zegna N.V. Fixed 0.49% April 2023 50,042 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.75% May 2023 45,139 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.86% June 2023 6,250 — Ermenegildo Zegna N.V. Variable IRS + 1.05% August 2023 40,168 — Ermenegildo Zegna N.V. Variable IRS + 0.78% November 2023 60,139 — Ermenegildo Zegna N.V. Variable Euribor 6m + 0.78% November 2023 5,000 — Ermenegildo Zegna N.V. Fixed 1.22% November 2023 20,000 — Ermenegildo Zegna N.V. Variable IRS + 0.81% April 2024 409 79,986 Lanificio Ermenegildo Zegna e Figli S.p.A. Fixed 1.35% June 2024 194 195 Ermenegildo Zegna N.V. Variable IRS + 0.60% December 2024 200 49,951 Co.Ti Service S.A. Fixed 0.75% March 2025 — 20,000 Co.Ti Service S.A. Fixed 0.75% April 2025 — 10,000 Ermenegildo Zegna N.V. Variable Euribor 1m + 0.77% May 2025 3,324 4,750 Ermenegildo Zegna N.V. Fixed 0.73% September 2028 33 19,973 Other borrowings Fixed 0.05% - 0.49% Up to 2029 178 25 Total 286,175 184,880 of which fixed 85,447 50,193 of which variable 200,728 134,687

Other current and non-current_2

Other current and non-current financial liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of financial liabilities [abstract]
Schedule of Breakdown for Other Non-Current Financial Liabilities	The following table provides a breakdown for other current and non-current financial liabilities: At December 31, (€ thousands) 2023 2022 Written put options on non-controlling interests 136,466 178,766 of which Thom Browne option 116,456 155,551 of which Dondi option 20,010 23,215 Other 90 27 Other non-current financial liabilities 136,556 178,793 Written put options on non-controlling interests 22,102 — of which Thom Browne option 22,102 — Warrant liabilities — 37,258 Other current financial liabilities 22,102 37,258 Total 158,658 216,051

Lease liabilities (Tables)

Lease liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Lease liabilities [abstract]
Schedule of Breakdown for Lease Liabilities	The following table provides a breakdown for lease liabilities. (€ thousands) 2023 2022 At January 1, 443,507 438,052 Interest expense 17,030 9,882 Repayment of lease liabilities (including interest expense) (142,762) (124,321) Business combinations 160,869 — IFRS 16 lease amendment: lease renegotiation — (7,194) Additions due to new leases and store renewals 142,005 140,875 Decrease of lease liabilities due to store closures (14,750) (21,726) Translation differences (12,174) 7,939 At December 31, 593,725 443,507 Of which: Non-current 471,083 332,050 Current 122,642 111,457
Schedule of Lease Liabilities by Maturity Date	The following table summarizes the lease liabilities by maturity date: (€ thousands) At December 31, Year 1 Year 2 Year 3 Year 4 Beyond 2023 593,725 122,642 102,631 82,248 68,876 217,328 2022 443,507 111,457 91,081 62,502 46,528 131,939

Provisions for risks and char_2

Provisions for risks and charges (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of other provisions [abstract]
Schedule of Movement of the Provision for Risks and Charges	The following tables show the movement of the provision for risks and charges in 2023 and 2022: (€ thousands) Legal and fiscal risks Leased store restoration Refund liability returns Other provisions Total provisions At January 1, 2023 664 14,808 9,546 8,532 33,550 of which current — 909 9,546 3,514 13,969 of which non-current 664 13,899 — 5,018 19,581 Provisions 390 2,782 8,373 — 11,545 Releases (159) (1,533) (94) (2,810) (4,596) Utilizations (119) (1,515) (4,547) (539) (6,720) Exchange differences 43 (966) (282) 31 (1,174) Business Combination — 3,254 250 — 3,504 Reclassifications and other (49) (25) (154) (13) (241) At December 31, 2023 770 16,805 13,092 5,201 35,868 of which current 136 672 13,092 2,119 16,019 of which non-current 634 16,133 — 3,082 19,849

Employee benefits (Tables)

Employee benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Employee Benefits [Abstract]
Summary of Breakdown of Employee Benefits	The following table presents a breakdown of employee benefits. At December 31, (€ thousands) 2023 2022 Italian leaving indemnities (TFR) 10,507 7,613 Other leaving indemnities 10,392 10,486 Post-employment benefits 7,247 5,675 Other long-term employee benefits 1,165 1,469 Termination benefits 334 311 Total defined benefit obligations 29,645 25,554 Other long-term payables to employees — 26,030 Total employee benefits 29,645 51,584
Summary of Changes in Defined Benefit Obligations	The following table shows the changes in defined benefit obligations. (€ thousands) 2023 2022 At January 1, 25,554 32,029 Changes through statement of profit and loss 5,236 3,280 - of which: Service cost 4,342 3,018 - of which: Financial charges 894 262 Changes through statement of comprehensive income and loss (1,838) (755) - of which: Actuarial (gain)/loss (1,376) (1,220) - of which: Translation differences (462) 465 Benefits paid (2,566) (8,676) Business Combination 3,259 — Reclassifications and other — (324) At December 31, 29,645 25,554
Summary of Main Financial Assumptions Used in Determining the Prevent Value of the TFR and Other Leaving Indemnities	The following table summarizes the main financial assumptions used in determining the present value of the TFR and other leaving indemnities. At December 31, 2023 At December 31, 2022 Italy Spain China Italy Spain China Discount rate 2.90% / 3.40% 3.00% / 3.30% 2.60% 3.60% / 3.80% 3.70% / 3.80% 2.80% / 2.90% Inflation rate 2.00% / 3.00% 2.00% 1.50% / 9.00% 2.00% / 3.00% 1.00% 5.50% / 8.00% Turn-over rate 1.00% / 10.00% 4.00% / 5.00% 2.00% / 4.50% 0.50% / 7.90% 2.50% / 4.00% 3.50% / 5.50%
Summary of Main Assumptions for Quantitative Sensitivity Analysis	The following table presents a quantitative sensitivity analysis for the main assumptions relating to the Group’s main employee benefit obligations and service costs. At December 31, 2023 At December 31, 2022 +50 bps -50 bps +50 bps -50 bps +50 bps -50 bps +50 bps -50 bps (€ thousands) Employee benefit obligations Service costs Employee benefit obligations Service costs Discount rate (797) 854 (107) 116 (720) 770 (109) 60 Inflation rate 728 (689) 113 (105) 680 (645) 61 (111) Turn-over rate 2,209 (3,292) 381 (570) 2,511 (3,708) 372 (582)

Trade payables and customer a_2

Trade payables and customer advances (Tables)	12 Months Ended
	Dec. 31, 2023
Trade Payables and Customer Advances [Abstract]
Summary of Breakdown for Trade Payables and Customer Advances	The following table provides a breakdown for trade payables and customer advances: At December 31, (€ thousands) 2023 2022 Trade payables 261,099 220,789 Customer advances 53,038 50,147 Total trade payables including customer advances 314,137 270,936

Other current and non-current_3

Other current and non-current liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Other Current Liabilities [Abstract]
Schedule of Breakdown for Other Current Liabilities	The following table provides a breakdown for other current and non-current liabilities: At December 31, (€ thousands) 2023 2022 Due to employees 90,864 44,705 VAT and other taxes 25,100 15,102 Accrued expenses 28,512 23,162 Social security institutions 21,260 11,660 Deferred income 9,790 7,650 Other current liabilities 29,487 16,549 Total other current liabilities 205,013 118,828 Other non-current liabilities 9,689 — Total other non-current liabilities 9,689 —

Fair value measurement (Tables)

Fair value measurement (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [abstract]
Summary of Financial Assets	The following tables provide a breakdown for financial assets by category at December 31, 2023: At December 31, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 11,110 — 11,110 21 — 11,110 — Cash and cash equivalents — — 296,279 296,279 24 — 296,279 — Trade receivables — — 240,457 240,457 20 — 240,457 — Other non-current financial assets 4,421 — 29,477 33,898 18 — 30,133 3,765 Other current financial assets 56,880 28,440 5,597 90,917 22 29,581 7,970 53,366 Total Financial assets 61,301 39,550 571,810 672,661 29,581 585,949 57,131 The following table provides an additional breakdown for other current financial assets at December 31, 2023: At December 31, 2023 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Private equity 22,399 — — 22,399 — — 22,399 Money market funds and floating income 2,093 16,692 — 18,785 16,692 2,093 — Real estate funds 12,146 — — 12,146 — — 12,146 Fixed income — 11,748 — 11,748 11,748 — — Private debt 10,106 — — 10,106 — 280 9,826 Hedge funds 8,995 — — 8,995 — — 8,995 Guarantee deposits — — 5,431 5,431 — 5,431 — Equity 1,141 — — 1,141 1,141 — — Financial receivables — — 166 166 — 166 — Total other current financial assets 56,880 28,440 5,597 90,917 29,581 7,970 53,366 The following table presents the changes in level 3 items for the years ended December 31, 2023 and 2022: (€ thousands) Fair value 2023 2022 At January 1 215,727 201,290 Investments 10,140 21,343 Disposals (169,645) (12,529) Fair value adjustments 1,647 4,355 Realized gains (49) 254 Exchange rate gains (689) 1,014 At December 31 57,131 215,727 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 NAV. 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 21 — 22,454 — Cash and cash equivalents — — 254,321 254,321 24 — 254,321 — Trade receivables — — 177,213 177,213 20 — 177,213 — Other non-current financial assets 3,958 — 32,282 36,240 18 — 32,861 3,379 Other current financial assets 289,743 26,852 4,299 320,894 22 30,076 78,470 212,348 Total 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 Financial assets Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total 1 2 3 Insurance contracts (*) 114,975 — — 114,975 — — 114,975 Fixed income 64,017 9,110 — 73,127 9,110 47,114 16,903 Hedge funds 46,761 — — 46,761 — 10,116 36,645 Real estate funds 12,129 — — 12,129 — — 12,129 Equity 14,592 — — 14,592 497 14,095 — Money market funds and floating income 2,587 17,742 — 20,329 17,742 2,587 — Private equity 18,311 — — 18,311 — — 18,311 Private debt 13,644 — — 13,644 — 259 13,385 Commodities 2,727 — — 2,727 2,727 — — Guarantee deposits and others — — 2,075 2,075 — 2,075 — Financial receivables — — 2,224 2,224 — 2,224 — 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 December 31, 2023 Financial liabilities Fair value Level (€ thousands) FVPL FVOCI Amortized cost Total Note 1 2 3 Derivative financial instruments — 897 — 897 21 — 897 — Non-current borrowings — — 113,285 113,285 27 — 113,285 — Current borrowings — — 289,337 289,337 27 — 289,337 — Other non-current financial liabilities 136,466 — 90 136,556 28 — 136,466 90 Other current financial liabilities 22,102 — — 22,102 28 — 22,102 — Trade payables and customer advances — — 314,137 314,137 32 — 314,137 — Lease liabilities – Current / Non-current — — 593,725 593,725 29 — — 593,725 Financial liabilities 158,568 897 1,310,574 1,470,039 — 876,224 593,815 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 21 — 2,362 — Non-current borrowings — — 184,880 184,880 27 — 184,880 — Current borrowings — — 286,175 286,175 27 — 286,175 — Other non-current financial liabilities 178,766 — 27 178,793 28 — 178,766 27 Other current financial liabilities 37,258 — — 37,258 28 37,258 — Trade payables and customer advances — — 270,936 270,936 32 — 270,936 — Lease liabilities – Current / Non-current — — 443,507 443,507 29 — — 443,507 Financial liabilities 216,024 2,362 1,185,525 1,403,911 — 960,377 443,534

Qualitative and quantitative _2

Qualitative and quantitative information on financial risks (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Summary of Potential Effects on Profit Before Tax of Hypothetical Change in Exchange Rates	The following table presents the potential effects on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s net balances of trade receivables and trade payables in foreign currencies. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Trade receivables and trade payables +500 bps -500 bps Trade receivables and trade payables +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD 145,836 (6,945) 7,676 59,523 (2,834) 3,133 JPY 22,735 (1,083) 1,197 17,055 (812) 898 CNY 113,962 (5,427) 5,998 43,398 (2,067) 2,284 HKD 24,843 (1,183) 1,308 19,139 (911) 1,007 GBP 16,283 (775) 857 (2,227) 106 (117) SGD 7,965 (379) 419 9,496 (452) 500 CHF (25,940) 1,235 (1,365) (9,285) 442 (489) KRW 23,753 (1,131) 1,250 n.a. n.a. n.a. Total 329,437 (15,688) 17,340 137,099 (6,528) 7,216 The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s hedged positions on the main currencies to which the Group is exposed. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD 117,479 5,594 (6,183) 53,320 2,539 (2,806) JPY 21,116 1,006 (1,111) 15,979 761 (841) CNY 96,021 4,572 (5,054) 42,817 2,039 (2,254) GBP 12,233 583 (644) (816) (39) 43 HKD 17,422 830 (917) 19,940 950 (1,049) CHF — — — — — — SGD 7,525 358 (396) 9,463 451 (498) KRW 11,999 571 (632) n.a. n.a. n.a. Total 283,795 13,514 (14,937) 140,703 6,701 (7,405) The following table presents the potential change in equity gross of tax of a hypothetical change of +/- 500 bps in year-end exchange-rates, applied to the Group’s foreign currency hedging instruments on highly probable transactions. At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on hedge reserve Impact on hedge reserve USD 75,308 3,586 (3,964) 61,821 2,944 (3,254) CHF — — — (8,272) (394) 435 JPY 9,181 437 (483) 10,433 497 (549) HKD 11,531 549 (607) 6,153 293 (324) GBP 20,924 996 (1,101) 8,280 394 (436) CNY 88,176 4,199 (4,641) 48,918 2,329 (2,575) SGD 4,709 224 (248) 5,206 248 (274) KRW — — — n.a. n.a. n.a. Total 209,829 9,991 (11,044) 132,539 6,311 (6,977) The following table presents the potential impact on profit before tax of a hypothetical change of +/- 500 bps in the EUR/USD year-end exchange-rate, applied to the Thom Browne put option in U.S. Dollars on non-controlling interests (recorded within other non-current financial liabilities). At December 31, 2023 At December 31, 2022 (€ thousands, except basis points) Notional amount +500 bps -500 bps Notional amount +500 bps -500 bps Currency Impact on profit before tax Impact on profit before tax USD (116,456) 6,598 (7,293) (155,551) 7,407 (8,187) Total (116,456) 6,598 (7,293) (155,551) 7,407 (8,187)
Summary of Sensitivity on Floating Rate Borrowings	The following table presents the sensitivity on floating rate borrowings not covered by interest rate swaps. At December 31, 2023 Amount Total interest rate (*) Interest expense -20% Impact on profit before tax +20% Impact on profit before tax (€ thousands, except percentages) 4,829 4.690% 226 3.910% 189 5.470% 264 20,000 4.560% 912 3.770% 754 5.360% 1,071 20,000 4.770% 954 3.970% 794 5.570% 1,114 40,000 4.900% 1,960 4.110% 1,645 5.680% 2,274 40,000 4.850% 1,940 4.040% 1,616 5.660% 2,264 19,500 3.910% 761 3.130% 611 4.680% 912 384 4.800% 18 4.000% 15 5.600% 22 608 5.480% 33 4.680% 28 6.280% 38 1,217 5.480% 67 4.680% 57 6.280% 76 1,000 4.450% 45 3.650% 37 5.250% 53 565 5.700% 32 4.890% 28 6.510% 37 148,103 6,949 5,774 8,124 _________________ * The overall rate indicated is compounded of the fixed spread plus the variable rate (+-20% is on the variable rate). At December 31, 2022 Amount Total interest rate (*) Interest expense -20% Impact on profit before tax +20% Impact on profit before tax (€ thousands, except percentages) 5,000 3.091% 155 2.629% 131 3.553% 178 6,250 3.620% 226 2.760% 173 3.928% 246 8,080 2.690% 217 2.304% 186 3.064% 248 45,000 3.090% 1,391 2.622% 1,180 3.558% 1,601 64,330 1,989 1,670 2,273 _________________ *
Summary of Groups Financial Liabilities into Relevant Maturity Groupings	The following tables summarize the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities: (€ thousands) Within Within Within Beyond Total contractual cash flows Carrying amount at December 31, 2023 Derivative financial instruments 897 — — — 897 897 Trade payables and customer advances 314,137 — — — 314,137 314,137 Borrowings 294,537 88,235 20,123 8,705 411,600 402,622 Lease liabilities 142,283 119,128 95,035 320,141 676,587 593,725 Other current and non-current financial liabilities 22,102 — — 136,556 158,658 158,658 Total 773,956 207,363 115,158 465,402 1,561,879 1,470,039 (€ thousands) Within Within Within Beyond Total contractual cash flows Carrying amount at December 31, 2022 Derivative financial instruments 2,362 — — — 2,362 2,362 Trade payables and customer advances 270,936 — — — 270,936 270,936 Borrowings 290,470 139,257 36,536 16,650 482,913 471,055 Lease liabilities 119,287 97,148 66,812 193,368 476,615 443,507 Other current and non-current financial liabilities 37,258 23,632 — 155,161 216,051 216,051 Total 720,313 260,037 103,348 365,179 1,448,877 1,403,911
Summary of Aging of Trade Receivables	The following table provides the aging of trade receivables: (€ thousands) Not yet due 0-120 days overdue 121-180 days overdue >180 days overdue Total Trade receivables, gross 189,324 46,078 6,907 4,829 247,138 Loss allowance (418) (1,387) (1,262) (3,614) (6,681) Total trade receivables at December 31, 2023 188,906 44,691 5,645 1,215 240,457 Trade receivables, gross 146,486 29,772 1,877 5,590 183,725 Loss allowance (894) (1,287) (278) (4,053) (6,512) Total trade receivables at December 31, 2022 145,592 28,485 1,599 1,537 177,213

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Schedule of Transactions with Related Parties	The following table summarizes transactions with related parties for the years ended December 31, 2023, 2022 and 2021. For the year ended December 31, 2023 2022 2021 (€ thousands) Revenues Cost of sales Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Revenues Cost of Selling, general and administrative expenses Marketing expenses Financial income/(expenses) Foreign exchange gains/(losses) Associates TFI Group (1)(2) 3,233 288 740 — (7) — 35,525 — 6,396 — 136 — 23,047 — 7,730 — 596 — Filati Biagioli Modesto S.p.A. 5 4,782 141 — 96 — — 3,304 61 — — — 49 177 — — — — Norda Run Inc. — 2,072 122 — — (14) — — — — — — — — — — — — Pelletteria Tizeta S.r.l. (1) — — — — — — 1 — — — — — — — — — — — Luigi Fedeli e Figlio S.r.l. 86 85 — — — — — — — — — — — — — — — — Total associates 3,324 7,227 1,003 — 89 (14) 35,526 3,304 6,457 — 136 — 23,096 177 7,730 — 596 — Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team EZ Real Estate (3) 4 2,580 4,100 2,072 (545) — 8 2,545 3,638 — (490) — 58 830 1,659 84 — — Schneider Group 25 14,209 14 — — 23 14,785 52 — — — 20 5,623 — — — — Alan Real Estate S.A. (3) — 1,650 3,100 — (310) (8) 1,692 1,415 — (13) — — 274 520 — — — Agnona S.r.l. 64 35 210 32 (1) (1) 195 262 81 — — — 373 — 5,665 — — — 61 West 23rd Street LLC (3) — — — — — — — — (16) — — — — — (14) — — — Other companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team (4) 195 5,827 614 6 3 — 1 6,086 33 — (8) — 9 491 — — (40) — Other related parties connected to directors and shareholders UBS Group AG — — 3,108 — (1,522) 350 — — — — — — — — — — — — Other — — 3,038 — — — — — 2,563 — — — — — 1,284 — (20,675) — Total transactions with related parties 3,612 31,528 15,187 2,110 (2,286) 327 35,753 28,674 14,223 — (375) — 23,556 7,395 16,844 84 (20,119) — Total for the Group 1,904,549 680,235 901,364 114,802 (30,839) (5,262) 1,492,840 564,832 695,084 85,147 (41,026) (7,869) 1,292,402 495,702 822,897 67,831 2,066 (7,791) _________________ (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 year ended December 31, 2023 (€3,956 thousand and €4,081 thousand for the year ended December 31, 2022 and 2021, respectively). (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.
Schedule of Balances with Related Parties	The following table summarizes assets and liabilities with related parties at December 31, 2023 and 2022. At December 31, 2023 At December 31, 2022 (€ thousands) Non-current Current assets Non-current liabilities Current liabilities Non-current Current assets Non-current liabilities Current liabilities Associates TFI Group (1) — — — — — 11,808 — 366 Filati Biagioli Modesto S.p.A. — 598 — 927 — 2,200 — 2,830 Norda Run Inc. — — — 2 — — — — Pelletteria Tizeta S.r.l. (1) — — — — — 1 — — Luigi Fedeli e Figlio S.r.l. — 3 — — — — — — Total associates — 601 — 929 — 14,009 — 3,196 Monterubello and Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team Monterubello — — — — — — — Agnona S.r.l. — 55 — 56 — 32 — 67 Schneider Group — — — 4,176 — 4 — 4,102 EZ Real Estate (2) 43,215 82 37,320 8,503 41,671 69 35,776 6,476 61 West 23rd Street LLC (2) — — — — — 24 — — Alan Real Estate S.A. (2) 37,154 — 33,245 5,291 9,875 — 7,565 2,471 Other companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team (3) 406 188 — 2,144 — 240 — 2,204 Other related parties connected to directors and shareholders UBS Group AG — 43,202 20,000 3,017 — — — — Other — — — 530 — — — 384 Total transactions with related parties 80,775 44,128 90,565 24,646 51,546 14,378 43,341 18,900 Total for the Group 1,479,375 1,287,636 853,992 1,012,123 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.
Schedule of Remuneration and Outstanding Balances With Key Management Personnel Explanatory	The following table summarizes remuneration of and outstanding balances with the directors of the Group and key executives with strategic responsibilities: Key Management Personnel Outstanding Balance (Euro thousands) Short-term employee benefits (1) Post- employment benefits Other long-term benefits Share-based payments Financial income Employee benefits Other current and non-current financial liabilities (2) Other current liabilities Non-current financial assets 2023 17,516 3,047 9,110 14,251 — 4,346 138,558 43,034 — 2022 17,337 1,015 13,623 9,358 (24) 28,648 156,782 6,861 2,240 2021 16,853 4,012 8,702 14,012 — 12,865 135,726 7,990 2,219 __________________ (1) Includes corporate bodies fees, consultancy fees and personnel compensation. (2) Primarily relates to liabilities on put contracts entered into as part of the Group’s investments in Thom Browne and Lanificio (in 2021).

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Dec. 31, 2023
Share-based payment arrangements [Abstract]
Schedule of Key Assumptions Used In Valuation	The following table summarizes the fair value for accounting purposes at grant dates and the key assumptions used in the valuation: 2023 RSUs Fair value €12.64 - €12.95 Grant date share price €12.95 Dividend yield 0.801% Risk-free rate 4.93% - 5.46% 2022-2024 PSUs 2022-2025 RSUs Fair value €8.68 - €11.52 €8.62 - €11.40 Grant date share price €9.71 - €12.68 Expected volatility based on the historical and implied volatility of a group of comparable companies 35.0% - 37.5% Dividend yield 0.90% - 1.24% Risk-free rate 1.96% - 4.86% 2.07% - 4.05%
Schedule of Changes In Number Of Outstanding Awards	The following table summarizes the changes in the number of the outstanding number awards under the 2023 Restricted Stock Units Plan, all of which were unvested: 2023 RSUs Outstanding at December 31, 2022 — Granted 170,000 Outstanding at December 31, 2023 170,000 The following table summarizes the changes in the number of the outstanding number awards under the Long-Term Incentive Awards 2022-2025, all of which were unvested: 2022-2024 PSUs 2022-2025 RSUs Total Awards Outstanding at December 31, 2021 — — — Granted 1,461,950 626,550 2,088,500 Forfeited (95,900) (41,100) (137,000) Outstanding at December 31, 2022 1,366,050 585,450 1,951,500 Granted 114,800 49,200 164,000 Outstanding at December 31, 2023 1,480,850 634,650 2,115,500 The following table summarizes the changes in the number of the outstanding number awards under the Management IPO equity-settled share-based payments: Management IPO PSUs Outstanding at December 31, 2021 900,000 Forfeited (20,000) Outstanding at December 31, 2022 880,000 Vested (880,000) Outstanding at December 31, 2023 —

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
Schedule of Purchase Consideration, Net Assets Acquired and Goodwill	Details of the purchase consideration, the net assets acquired and goodwill are as follows: (€ thousands) At acquisition date Cash consideration paid 7,991 Deferred consideration 18,583 Total consideration 26,574 (€ thousands) At acquisition date Cash consideration paid 5,880 Contingent consideration 1,170 Total consideration 7,050
Summary of Contingent Consideration Was Recognized Within Other Current Liabilities	The assets and liabilities recognized as a result of the acquisition are as follows: (€ thousands) Fair value at Inventories 1,054 Other current assets 800 Property, plant and equipment 949 Other current liabilities (123) Deferred tax liabilities (72) Net identifiable assets acquired 2,608 Goodwill 23,966 Net assets acquired including goodwill 26,574 (€ thousands) Fair value at Cash and cash equivalents 109,667 Trade receivables 23,329 Inventories 82,694 Right-of-use assets 160,869 Intangible assets and property, plant and equipment 122,770 Other current and non-current assets 70,014 Other current and non-current liabilities (176,147) Current and non-current lease liabilities (160,869) Current and non-current borrowings (29,890) Trade payables and customer advances (28,942) Employee benefits (3,259) Deferred tax liabilities (51,163) Net identifiable assets acquired 119,073 (€ thousands) Fair value at Cash and cash equivalents 2,366 Trade receivables 1,681 Inventories 1,564 Other current assets 626 Property, plant and equipment 641 Intangible assets 4,200 Account payables (1,872) Other current liabilities (712) Employee benefits (272) Deferred tax liabilities (1,172) Net identifiable assets acquired 7,050 Less: Non-controlling interests (2,820) Goodwill 2,820 Net assets acquired including goodwill 7,050
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 Cash consideration paid (7,991) Net cash outflow - Investing activities (7,991) Details of the net cash outflows related to the acquisition are presented below. (Euro thousands) At acquisition date Consideration paid for 85% of TFI (91,619) Cash and cash equivalents acquired 109,667 Payment of TFI acquisition-related liabilities (127,158) Net cash outflow - Investing activities (109,110) (€ thousands) At acquisition date Cash consideration paid (5,880) Cash and cash equivalents acquired 2,366 Net cash outflow - Investing activities (3,514)
Disclosure Details Of Consideration Paid Or Payable In Respect Of Business Combination	Details of the purchase consideration, previously equity interest held and the net assets acquired are presented below. (€ thousands) At acquisition date Cash consideration paid for 85% of TFI 91,619 Fair value of the previously equity interests held 21,505 Settlement of pre-existing intercompany balances 5,949 Total consideration 119,073
Schedule Of Minimum Annual Guaranteed Royalties	As part of the license agreement, the Group is required to pay minimum annual guaranteed royalties for the term of the license agreement. At December 31, 2023, the remaining minimum annual guaranteed royalties covering the first 10-year period of the license agreement were as follows (undiscounted): At December 31, 2023 (€ millions)* Due within 1 year 16.9 Due in 1 to 5 years 71.8 Due in 5 to 10 years 81.9 Total 170.6 (*) Translated from U.S. Dollars to Euro at the December 31, 2023 end of day exchange rate.

General information - Narrative

General information - Narrative (Details) € / shares in Units, € in Thousands		12 Months Ended
	Dec. 17, 2021 EUR (€) shares	Dec. 31, 2023 EUR (€) employee € / shares shares	Dec. 31, 2022 EUR (€) employee shares	Dec. 31, 2021 EUR (€) shares	Dec. 17, 2021 $ / shares shares	Nov. 01, 2021 employee
General Information [Line Items]
Number of employees | employee		7,201	6,256
Number of shares issued (in shares) | shares		468,450
Issue of equity | €	€ 397,800
Closing price per share (in USD per share) | € / shares		€ 0.02
Transaction costs | €	€ 51,400		€ 2,900
Share-based payments | €		€ 19,780	€ 13,579	€ 74,978
PIPE Investors
General Information [Line Items]
Stock issued (in shares) | shares	37,500,000
Stock issued | €	€ 331,400
Monterubello
General Information [Line Items]
Stock repurchased (in shares) | shares	54,600,000
Stock repurchased | €	€ 455,000
Zegna Private Placement Warrants
General Information [Line Items]
Class of warrants outstanding | €	€ 10,349
Zegna Public Warrants
General Information [Line Items]
Warrants exchanged for ordinary shares (in shares) | shares	13,416,637
Class of warrants outstanding | €	€ 20,723
Bottom of range
General Information [Line Items]
Transaction costs | €	€ 17,300
Bottom of range | Zegna Private Placement Warrants | Strategic Holding Group S. r.l
General Information [Line Items]
Number of warrants converted into ordinary shares (in shares) | shares	800,000
Top of range
General Information [Line Items]
Transaction costs | €	€ 34,100
Top of range | Zegna Private Placement Warrants
General Information [Line Items]
Number of warrants converted into ordinary shares (in shares) | shares	5,900,000
Ordinary shares
General Information [Line Items]
Number of shares issued (in shares) | shares		302,704,726	296,943,659	296,943,659
Ordinary shares | Bottom of range
General Information [Line Items]
Share split (in shares) | shares	4,300,000
Ordinary shares | Top of range
General Information [Line Items]
Share split (in shares) | shares	215,000,000
IIAC Class B Shares
General Information [Line Items]
Number of shares issued (in shares) | shares		5,031,250			44,443,659
Issue of equity | €		€ 37,906
Release of shares from escrow, period of target achievement		7 years
IIAC class A Shares
General Information [Line Items]
Number of shares issued (in shares) | shares					44,443,659
IIAC's shares
General Information [Line Items]
Closing price per share (in USD per share) | $ / shares					$ 10.14
Share-based payments | €	€ 114,963
Ermenegildo Zegna N.V.
General Information [Line Items]
Number of employees transferred | employee						197
Number of employees | employee						212
Ermenegildo Zegna N.V. | Elah Dufour S.p.a
General Information [Line Items]
Proportion of ownership interests held by non-controlling interests		10%

General information - Net Cash

General information - Net Cash Proceeds (Details) - EUR (€) € in Thousands		12 Months Ended
	Dec. 17, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
General Information [Line Items]
Purchase of own shares from Monterubello	€ (455,000)	€ 0	€ 0	€ (455,000)
Payments of transaction costs related to the Business Combination	(48,475)	€ 0	€ 0	€ (48,475)
Net cash proceeds from the Business Combination	138,649
Business Combination
General Information [Line Items]
Proceeds from issue of ordinary shares	310,739
PIPE Investors
General Information [Line Items]
Proceeds from issue of ordinary shares	€ 331,385

Summary of material accountin_4

Summary of material accounting policy information - Schedule of Exchange Rates (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
U.S. Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	1.105	1.067	1.133
Average foreign exchange rate	1.081	1.053	1.183
Swiss Franc
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	0.926	0.985	1.033
Average foreign exchange rate	0.972	1.005	1.081
Chinese Renminbi
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	7.851	7.358	7.195
Average foreign exchange rate	7.660	7.079	7.629
Pound Sterling
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	0.869	0.887	0.840
Average foreign exchange rate	0.870	0.853	0.860
Hong Kong Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	8.631	8.316	8.833
Average foreign exchange rate	8.465	8.245	9.193
Singapore Dollar
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	1.459	1.430	1.528
Average foreign exchange rate	1.452	1.451	1.589
United Arab Emirates Dirham
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	4.058	3.917	4.160
Average foreign exchange rate	3.971	3.867	4.344
Japanese Yen
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	156.330	140.660	130.380
Average foreign exchange rate	151.990	138.027	129.877
South Korean Won
Disclosure In Tabular Form Of Foreign Exchange Rates Used For Translation [Line Items]
Closing foreign exchange rate	1,433.66	1,344.09	1,346.38
Average foreign exchange rate	1,412.88	1,358.073	1,353.958

Summary of material accountin_5

Summary of material accounting policy information - Schedule of Scope of Consolidation (Details) € in Thousands				12 Months Ended
	Apr. 27, 2023	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2023 EUR (€)	Dec. 31, 2022	Dec. 31, 2021	Jul. 01, 2023 store
Accounting Policies [Line Items]
Group’s percentage interest				90%
Proportion of ownership interest in associate
Luigi Fedeli e Figlio S.r.l.
Accounting Policies [Line Items]
Proportion of ownership interest in associate				15%	0%
Tom Ford International LLC
Accounting Policies [Line Items]
Proportion of ownership interest in associate	15%	15%	15%	15%	15%	15%
CGU Thom Browne Korea Ltd.
Accounting Policies [Line Items]
Number of retail stores | store							17
Tom Ford International LLC
Accounting Policies [Line Items]
Proportion of ownership interest in associate				100%
Ermenegildo Zegna N.V.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Registered office				Amsterdam (Netherlands)
Issued capital				€ 9,153,722
Ermenegildo Zegna N.V. | Filati Biagioli Modesto S.r.l.
Accounting Policies [Line Items]
Issued capital				€ 7,900,000
Name of associate				Filati Biagioli Modesto S.r.l.
Principal place of business of associate				Montale (PT)
Name of the Investor				Ermenegildo Zegna N.V.
Proportion of ownership interest in associate				40%	40%
Ermenegildo Zegna N.V. | Luigi Fedeli e Figlio S.r.l.
Accounting Policies [Line Items]
Issued capital				€ 3,358,000
Name of associate				Luigi Fedeli e Figlio S.r.l. (7)
Principal place of business of associate				Monza (MB)
Name of the Investor				Ermenegildo Zegna N.V.
Proportion of ownership interest in associate				15%	0%
Ermenegildo Zegna N.V. | Sharmoon.EZ.Garments Co. Ltd
Accounting Policies [Line Items]
Issued capital				€ 100,000,000
Group’s percentage interest				50%	50%
Name of the Investor				Ermenegildo Zegna N.V.
Name of foreign associates, joint arrangements and other investments				Sharmoon.EZ.Garments Co. Ltd
Principal place of business of other investments				Wenzhou (China)
Ermenegildo Zegna N.V. | Consorzio Re. Crea
Accounting Policies [Line Items]
Issued capital				€ 712,000
Name of the Investor				Ermenegildo Zegna N.V.
Proportion of ownership interests held by non-controlling interests				15%	17%
Name of foreign associates, joint arrangements and other investments				Consorzio Re.Crea (4)
Principal place of business of other investments				Milan
Ermenegildo Zegna N.V. | In.co. S.p.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				In.co. S.p.A.
Registered office				Biella
Issued capital				€ 4,050,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Pelletteria Tizeta S.r.l
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Pelletteria Tizeta S.r.l. (3)
Registered office				Sesto Fiorentino (FI)
Issued capital				€ 206,816
Percentage interest, per investor				0.50
Group’s percentage interest				100%	50%
Ermenegildo Zegna N.V. | Lanificio Ermenegildo Zegna e Figli S.p.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Lanificio Ermenegildo Zegna e Figli S.p.A.
Registered office				Valdilana (BI)
Issued capital				€ 3,100,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ezi S.p.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ezi S.p.A.
Registered office				Milan
Issued capital				€ 5,750,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | EZ Service S.r.l.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				EZ Service S.r.l.
Registered office				Valdilana (BI)
Issued capital				€ 500,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Bonotto S.p.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Bonotto S.p.A.
Registered office				Colceresa (VI)
Issued capital				€ 1,239,600
Group’s percentage interest				60%	60%
Ermenegildo Zegna N.V. | Cappellificio Cervo S.r.l.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Cappellificio Cervo S.r.l.
Registered office				Biella
Issued capital				€ 300,000
Group’s percentage interest				51%	51%
Ermenegildo Zegna N.V. | Gruppo Dondi S.p.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Gruppo Dondi S.p.A.
Registered office				Carpi (MO)
Issued capital				€ 1,502,800
Group’s percentage interest				65%	65%
Ermenegildo Zegna N.V. | Tessitura Ubertino S.r.l.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Tessitura Ubertino S.r.l.
Registered office				Valdilana (BI)
Issued capital				€ 100,000
Group’s percentage interest				60%	60%
Ermenegildo Zegna N.V. | Investindustrial Acquisition Corp. (“IIAC”)
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Investindustrial Acquisition Corp. (“IIAC”) (6)
Registered office				Cayman Islands
Issued capital				€ 5,614
Group’s percentage interest				0%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Giyim Sanayi ve Tic. A. S.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Giyim Sanayi ve Tic. A. S.
Registered office				Istanbul (Turkey)
Issued capital				€ 32,291,439
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna H.m.b.H.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna H.m.b.H.
Registered office				Wien (Austria)
Issued capital				€ 610,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Société de Textiles Astrum France S.à.r.l.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Société de Textiles Astrum France S.à.r.l.
Registered office				Paris (France)
Issued capital				€ 500,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna GmbH
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna GmbH
Registered office				Munich (Germany)
Issued capital				€ 6,577,421
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Zegna Japan Co., LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Zegna Japan Co., LTD
Registered office				Minato-Ku-Tokyo (Japan)
Issued capital				€ 100,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Fantasia (London) Limited
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Fantasia (London) Limited
Registered office				London (UK)
Issued capital				€ 499,800
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna S.A. de C.V.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna S.A. de C.V.
Registered office				Ciudad de Mexico (Mexico)
Issued capital				€ 459,600,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ezeti Portugal. S.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ezeti Portugal. S.A.
Registered office				Lisbon (Portugal)
Issued capital				€ 800,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Italco S.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Italco S.A.
Registered office				Sant Quirze (Spain)
Issued capital				€ 1,911,300
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Czech s.r.o
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Czech s.r.o
Registered office				Prague (Czech Republic)
Issued capital				€ 1,350,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Co.Ti. Service S.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Co.Ti. Service S.A.
Registered office				Stabio (Switzerland)
Issued capital				€ 27,940,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Consitex S.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Consitex S.A.
Registered office				Stabio (Switzerland)
Issued capital				€ 15,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Corporation
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Corporation
Registered office				New York, NY
Issued capital				€ 500,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Zegna (China) Enterprise Management Co., Ltd.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Zegna (China) Enterprise Management Co., Ltd.
Registered office				Shanghai (China)
Issued capital				€ 58,309,140
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna (China) Co., LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna (China) Co., LTD
Registered office				Shanghai (China)
Issued capital				€ 50,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ismaco Amsterdam B. V
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ismaco Amsterdam B.V. (6)
Registered office				Amsterdam (Netherlands)
Issued capital				€ 226,890
Group’s percentage interest				0%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Hong Kong LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Hong Kong LTD
Registered office				Hong Kong
Issued capital				€ 538,240,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | E.Z. Trading (Hong Kong) LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				E.Z. Trading (Hong Kong) LTD
Registered office				Hong Kong
Issued capital				€ 82,120,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Canada Inc.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Canada Inc.
Registered office				Toronto (Canada)
Issued capital				€ 700,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | E. Z. New Zealand LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				E. Z. New Zealand LTD
Registered office				Auckland (New Zealand)
Issued capital				€ 5,800,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | E. Z. Thai Holding Ltd
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				E. Z. Thai Holding Ltd
Registered office				Bangkok (Thailand)
Issued capital				€ 3,000,000
Proportion of ownership interests held by non-controlling interests				49%	49%
Ermenegildo Zegna N.V. | Zegna South Asia Private LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Zegna South Asia Private LTD
Registered office				Mumbai (India)
Issued capital				€ 902,316,770
Group’s percentage interest				51%	51%
Ermenegildo Zegna N.V. | ISMACO TEKSTİL LİMİTED ŞİRKETİ
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				ISMACO TEKSTİL LİMİTED ŞİRKETİ
Registered office				Istanbul (Turkey)
Issued capital				€ 10,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ezesa Brasil Participacoes LTDA
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ezesa Brasil Participacoes LTDA
Registered office				San Paolo (Brazil)
Issued capital				€ 77,481,487
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Maroc S.A.R.L.A.U.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Maroc S.A.R.L.A.U.
Registered office				Casablanca (Morocco)
Issued capital				€ 530,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Ermenegildo Zegna Vietnam LLC
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Ermenegildo Zegna Vietnam LLC
Registered office				Hanoi City (Vietnam)
Issued capital				€ 132,294,900,000
Group’s percentage interest				90%	90%
Ermenegildo Zegna N.V. | EZ US Holding Inc.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				EZ US Holding Inc.
Registered office				Wilmington (U.S.A.)
Issued capital				€ 1,000,099
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | E.Zegna Attica Single Member Societé Anonyme
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				E.Zegna Attica Single Member Societé Anonyme
Registered office				Athens (Greece)
Issued capital				€ 650,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. | Zegna Denmark ApS
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Zegna Denmark ApS (2)
Registered office				Aarhus (Denmark)
Issued capital				€ 400,000
Group’s percentage interest				100%	0%
Ermenegildo Zegna N.V. | EZ CA Holding Corp.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				EZ CA Holding Corp.
Registered office				Toronto (Canada)
Issued capital				€ 1,000
Group’s percentage interest				100%	0%
Ermenegildo Zegna N.V. | Thom Browne Inc.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V.
Name of subsidiary				Thom Browne Inc.
Registered office				Wilmington (U.S.A.)
Issued capital				€ 5,510
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne Services Italy S.r.l.
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne Services Italy S.r.l.
Registered office				Milan
Issued capital				€ 10,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne France Services
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne France Services
Registered office				Paris (France)
Issued capital				€ 50,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne UK Limited
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne UK Limited
Registered office				Beckenham (UK)
Issued capital				€ 1
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne (China) Co., Ltd.(*)
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne (China) Co., Ltd.(*)
Registered office				Shanghai (China)
Issued capital				€ 900,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne (Macau) Limited
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne (Macau) Limited
Registered office				Hong Kong
Issued capital				€ 500,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne Canada
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne Canada
Registered office				Vancouver (Canada)
Issued capital				€ 100
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne Hong Kong Limited
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne Hong Kong Limited
Registered office				Hong Kong
Issued capital				€ 500,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | Thom Browne Eyewear (T.B.E.) SA
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne Eyewear (T.B.E.) SA
Registered office				Stabio (Switzerland)
Issued capital				€ 1,000,000
Group’s percentage interest				90%	90%
Thom Browne Trading SA | CGU Thom Browne Korea Ltd.
Accounting Policies [Line Items]
Company				Thom Browne Trading SA
Name of subsidiary				Thom Browne Korea Ltd. (5)
Registered office				Seoul (South Korea)
Issued capital				€ 100,000,000
Group’s percentage interest				90%	0%
Thom Browne Services Italy S.r.l | Thom Browne Retail Italy S.r.l.
Accounting Policies [Line Items]
Company				Thom Browne Services Italy S.r.l.
Name of subsidiary				Thom Browne Retail Italy S.r.l.
Registered office				Milan
Issued capital				€ 10,000
Group’s percentage interest				90%	90%
Tom Ford Switzerland Sagl | Tom Ford Distribution S.r.l.
Accounting Policies [Line Items]
Company				Tom Ford Switzerland Sagl
Name of subsidiary				Tom Ford Distribution S.r.l. (3)
Registered office				Sesto Fiorentino (FI)
Issued capital				€ 117,616
Percentage interest, per investor				0.8502
Group’s percentage interest				100%	0%
Ezeti S.L. | Ermenegildo Zegna Madrid S.A.
Accounting Policies [Line Items]
Company				Ezeti S.L.
Name of subsidiary				Ermenegildo Zegna Madrid S.A.
Registered office				Barcelona (Spain)
Issued capital				€ 901,500
Group’s percentage interest				70%	70%
Italco S.A. | Ezeti S.L.
Accounting Policies [Line Items]
Company				Italco S.A.
Name of subsidiary				Ezeti S.L.
Registered office				Barcelona (Spain)
Issued capital				€ 500,032
Group’s percentage interest				100%	100%
Consitex S.A. | Ermenegildo Zegna Far-East Pte LTD
Accounting Policies [Line Items]
Company				Consitex S.A.
Name of subsidiary				Ermenegildo Zegna Far-East Pte LTD
Registered office				Singapore
Issued capital				€ 21,776,432
Group’s percentage interest				100%	100%
Consitex S.A. | Ermenegildo Zegna (Macau) LTD
Accounting Policies [Line Items]
Company				Consitex S.A.
Name of subsidiary				Ermenegildo Zegna (Macau) LTD
Registered office				Kowloon Bay (Hong Kong)
Issued capital				€ 4,650,000
Group’s percentage interest				100%	100%
Consitex S.A. | Zegna Gulf Trading LLC
Accounting Policies [Line Items]
Company				Consitex S.A.
Name of subsidiary				Zegna Gulf Trading LLC
Registered office				Dubai (UAE)
Issued capital				€ 300,000
Group’s percentage interest				49%	49%
Ermenegildo Zegna Far-East Pte LTD | Ermenegildo Zegna Australia PTY LTD
Accounting Policies [Line Items]
Company				Ermenegildo Zegna Far-East Pte LTD
Name of subsidiary				Ermenegildo Zegna Australia PTY LTD
Registered office				Sydney (Australia)
Issued capital				€ 18,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna Far-East Pte LTD | Ermenegildo Zegna Malaysia Sdn. Bhd.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna Far-East Pte LTD
Name of subsidiary				Ermenegildo Zegna Malaysia Sdn. Bhd.
Registered office				Kuala Lumpur (Malaysia)
Issued capital				€ 3,000,000
Group’s percentage interest				100%	100%
Ermenegildo Zegna N.V. / Italco S.A. | Ezesa Argentina S.A.
Accounting Policies [Line Items]
Company				Ermenegildo Zegna N.V. / Italco S.A.
Name of subsidiary				Ezesa Argentina S.A.
Registered office				Buenos Aires (Argentina)
Issued capital				€ 9,421,014
Group’s percentage interest				100%	100%
E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD | The Italian Fashion Co. LTD
Accounting Policies [Line Items]
Company				E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD
Name of subsidiary				The Italian Fashion Co. LTD
Registered office				Bangkok (Thailand)
Issued capital				€ 16,000,000
Group’s percentage interest				65%	65%
Zegna Gulf Trading LLC | Zegna for Retail of Readymade and Novelty Clothes W.L.L.
Accounting Policies [Line Items]
Company				Zegna Gulf Trading LLC
Name of subsidiary				Zegna for Retail of Readymade and Novelty Clothes W.L.L.
Registered office				Kuwait City (Kuwait)
Issued capital				€ 125,000
Group’s percentage interest				49%	49%
Thom Browne Inc. | Thom Browne Japan Inc.
Accounting Policies [Line Items]
Company				Thom Browne Inc.
Name of subsidiary				Thom Browne Japan Inc.
Registered office				Tokyo (Japan)
Issued capital				€ 1,000,000
Group’s percentage interest				90%	90%
Thom Browne Inc. | Thom Browne Trading SA
Accounting Policies [Line Items]
Company				Thom Browne Inc.
Name of subsidiary				Thom Browne Trading SA
Registered office				Stabio (Switzerland)
Issued capital				€ 100,000
Group’s percentage interest				90%	90%
Thom Browne Eyewear SA | Thom Browne Eyewear France SAS
Accounting Policies [Line Items]
Company				Thom Browne Eyewear SA
Name of subsidiary				Thom Browne Eyewear France SAS
Registered office				Paris (France)
Issued capital				€ 40,000
Group’s percentage interest				90%	90%
EZ US Holding Inc. | Tom Ford International LLC
Accounting Policies [Line Items]
Company				EZ US Holding Inc
Name of subsidiary				Tom Ford International LLC (3)
Registered office				Delaware (U.S.A.)
Issued capital				€ 10,000,000
Group’s percentage interest				100%	15%
Tom Ford International LLC | Pelletteria Tizeta S.r.l
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Percentage interest, per investor				0.50
Tom Ford International LLC | Tom Ford Distribution S.r.l.
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Percentage interest, per investor				0.1498
Tom Ford International LLC | Tom Ford Switzerland
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Switzerland (3)
Registered office				Stabio (Switzerland)
Issued capital				€ 1,000,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Retail UK Limited
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Retail UK Limited (3)
Registered office				London (UK)
Issued capital				€ 1
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Studio Limited
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Studio Limited (3)
Registered office				London (UK)
Issued capital				€ 50,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Property Limited
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Property Limited (3)
Registered office				London (UK)
Issued capital				€ 1
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Retail LLC
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Retail LLC (3)
Registered office				New York (U.S.A.)
Issued capital				€ 2,060,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Retail Hong Kong Limited
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Retail Hong Kong Limited (3)
Registered office				Hong Kong
Issued capital				€ 300,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Hong Kong Limited
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Hong Kong Limited (3)
Registered office				Hong Kong
Issued capital				€ 1,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Retail Korea (Yuhan Hoesa)
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Retail Korea (Yuhan Hoesa) (3)
Registered office				Seoul (Korea)
Issued capital				€ 50,000,000
Group’s percentage interest				100%	0%
Tom Ford International LLC | Tom Ford Retail Japan GK (Godo Kaisha)
Accounting Policies [Line Items]
Company				Tom Ford International LLC
Name of subsidiary				Tom Ford Retail Japan GK (Godo Kaisha) (3)
Registered office				Tokyo (Japan)
Issued capital				€ 10,000,000
Group’s percentage interest				100%	0%
Tom Ford Distribution S.r.l. | Tom Ford Showroom Limited
Accounting Policies [Line Items]
Company				Tom Ford Distribution S.r.l.
Name of subsidiary				Tom Ford Showroom Limited (3)
Registered office				London (UK)
Issued capital				€ 1
Group’s percentage interest				100%	0%
Tom Ford Retail Hong Kong Limited | Tom Ford Retail Macau Limited
Accounting Policies [Line Items]
Company				Tom Ford Retail Hong Kong Limited
Name of subsidiary				Tom Ford Retail Macau Limited (3)
Registered office				Macau
Issued capital				€ 25,000
Percentage interest, per investor				0.96
Group’s percentage interest				100%	0%
Tom Ford Retail Hong Kong Limited | Tom Ford Clothing Retail Shanghai Company Limited
Accounting Policies [Line Items]
Company				Tom Ford Retail Hong Kong Limited
Name of subsidiary				Tom Ford Clothing Retail Shanghai Company Limited (3)
Registered office				Shanghai (China)
Issued capital				€ 13,500,000
Group’s percentage interest				100%	0%
EZ CA Holding Corp. | Tom Ford International LLC
Accounting Policies [Line Items]
Issued capital				€ 9,696,528
Principal place of business of associate				Toronto (Canada)
Name of the Investor				EZ CA Holding Corp.
Proportion of ownership interest in associate				25%	0%
Name of foreign associates, joint arrangements and other investments				Norda Run Inc (1)
Lanificio Ermenegildo Zegna e Figli S.p.A | Acquedotto Piancone S.r.l.
Accounting Policies [Line Items]
Issued capital				€ 42,000
Group’s percentage interest				67%	67%
Name of the Investor				Lanificio Ermenegildo Zegna e Figli S.p.A.
Name of foreign associates, joint arrangements and other investments				Acquedotto Piancone S.r.l.
Principal place of business of other investments				Valdilana (BI)
Lanificio Ermenegildo Zegna e Figli S.p.A | Pettinatura di Verrone S.r.l.
Accounting Policies [Line Items]
Issued capital				€ 3,000,000
Name of the Investor				Lanificio Ermenegildo Zegna e Figli S.p.A.
Proportion of ownership interests held by non-controlling interests				15%	15%
Name of foreign associates, joint arrangements and other investments				Pettinatura di Verrone S.r.l.
Principal place of business of other investments				Verrone (BI)
Bonotto S.p.A. | F2 S.r.l.
Accounting Policies [Line Items]
Issued capital				€ 90,000
Name of the Investor				Bonotto S.p.A.
Proportion of ownership interests held by non-controlling interests				29%	29%
Name of foreign associates, joint arrangements and other investments				F2 S.r.l.
Principal place of business of other investments				Schio (VI)
Tom Ford Hong Kong Limited | Tom Ford Retail Macau Limited
Accounting Policies [Line Items]
Company				Tom Ford Hong Kong Limited
Percentage interest, per investor				0.04

Summary of material accountin_6

Summary of material accounting policy information - Scope of consolidation (Details) € in Thousands, $ in Millions				1 Months Ended		12 Months Ended
	Dec. 31, 2023	Sep. 05, 2023 EUR (€)	Mar. 31, 2023	Apr. 30, 2023	Mar. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary			50%
Capital increase related to additional interest acquisition								€ 711,903
Group’s percentage interest						90%
Consideration paid in cash						€ 117,686	€ 585	€ 4,224
Consorzio Re. Crea
Disclosure of information about consolidated structured entities [line items]
Group’s percentage interest						15.50%	16.70%
Luigi Fedeli e Figlio S.r.l.
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary		30%
Group’s percentage interest		15%
Consideration paid in cash		€ 4,700
Ermenegildo Zegna Vietnam LLC | Zegna Denmark ApS
Disclosure of information about consolidated structured entities [line items]
Group’s percentage interest	100%
Norda Run
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary					25%
Norda Run | Norda Run Inc.
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary					25%
Capital increase related to additional interest acquisition | $					$ 7.1
Period of option to increase stake					9 years
EZ US Holding Inc.
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary				85%
EZ US Holding Inc. | Estée Lauder Companies Inc.
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary			15%
Pelletteria Tizeta S.r.l.
Disclosure of information about consolidated structured entities [line items]
Additional ownership interest acquired in subsidiary			50%	100%

Summary of material accountin_7

Summary of material accounting policy information - Schedule of Estimated Useful Lives of the Assets (Details)	12 Months Ended
	Dec. 31, 2023
Bottom of range | Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	3%
Bottom of range | Plants and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	12.50%
Bottom of range | Industrial and commercial equipment
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	20%
Bottom of range | Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	10%
Bottom of range | Other tangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	10%
Top of range | Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	10%
Top of range | Plants and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	17.50%
Top of range | Industrial and commercial equipment
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	25%
Top of range | Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	25%
Top of range | Other tangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	25%

Summary of material accountin_8

Summary of material accounting policy information - Schedule of Intangible Assets with a Definite Useful Life (Details)	12 Months Ended
	Dec. 31, 2023
Know how
Disclosure of detailed information about intangible assets [line items]
Useful life of intangible asset	5 years
Depreciation Rate	20%
Bottom of range | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	2.50%
Bottom of range | Software
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	10%
Bottom of range | Development costs and other intangibles
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	10%
Top of range | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	25%
Top of range | Software
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	33%
Top of range | Development costs and other intangibles
Disclosure of detailed information about intangible assets [line items]
Depreciation Rate	33%

Key sources of estimation unc_2

Key sources of estimation uncertainty, use of estimates and critical accounting judgments (Details)				12 Months Ended
	Apr. 27, 2023	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Subsidiaries Line Items [Abstract]
Proportion of ownership interest in associate
Tom Ford International LLC
Disclosure Of Subsidiaries Line Items [Abstract]
Proportion of ownership interest in associate	15%	15%	15%	15%	15%	15%

Segment reporting - Narrative (

Segment reporting - Narrative (Details) - segment	Dec. 31, 2023	Apr. 27, 2023
Disclosure of operating segments [abstract]
Number of reportable segments	3	2
Number of operating segments	3	2

Segment reporting - Schedule of

Segment reporting - Schedule of Selected Financial Information by Segment (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of operating segments [line items]
Total revenues	€ 1,904,549	€ 1,492,840		€ 1,292,402
Depreciation and amortisation expense	(193,170)	(171,882)		(154,675)
Adjusted EBIT	220,212	157,729		149,115
Transaction costs related to acquisitions	(6,001)	(2,289)
Net releases/costs related to lease agreements				(15,512)
Severance indemnities and provision for severance expenses	(4,002)	(2,199)		(8,692)
Legal costs for trademark disputes	(2,168)	(7,532)
Costs related to the business combination	(2,140)	(2,137)
Net impairment of leased and owned stores	(1,782)	(1,639)		(8,996)
Impairment on held for sale assets				(4,884)
Special donations for social responsibilities	(100)	(1,000)		(205,059)
Net income related to lease agreements	4,129	6,844
Financial income	37,282	13,320	[1]	45,889	[1]
Finance costs	(68,121)	(54,346)	[1]	(43,823)	[1]
Foreign exchange losses	(5,262)	(7,869)	[1]	(7,791)	[1]
Result from investments accounted for using the equity method	(2,953)	2,199	[1]	2,794	[1]
Profit/(Loss) before taxes	169,094	101,081	[1]	(96,959)	[1]
ZEGNA
Disclosure of operating segments [line items]
Severance indemnities and provision for severance expenses	(1,166)
Costs related to the business combination	(1,066)	(1,101)		(13,028)
Net impairment of leased and owned stores		(819)
Thom Browne
Disclosure of operating segments [line items]
Transaction costs related to acquisitions	(263)
Costs related to the business combination	(98)	(98)		(1,035)
Net impairment of leased and owned stores		(820)
Tom Ford Fashion
Disclosure of operating segments [line items]
Severance indemnities and provision for severance expenses	(2,836)
Corporate
Disclosure of operating segments [line items]
Costs related to the business combination	(976)	(938)		(190,996)
Operating segments
Disclosure of operating segments [line items]
Total revenues	1,904,549	1,492,840		1,292,402
Operating segments | ZEGNA
Disclosure of operating segments [line items]
Total revenues	1,322,045	1,176,706		1,035,175
Depreciation and amortisation expense				(137,500)
Adjusted EBIT	193,466	141,513		131,929
Operating segments | Thom Browne
Disclosure of operating segments [line items]
Total revenues	380,287	330,891		264,066
Depreciation and amortisation expense				(17,173)
Adjusted EBIT	58,969	48,077		38,097
Operating segments | Tom Ford Fashion
Disclosure of operating segments [line items]
Total revenues	235,544
Adjusted EBIT	(1,741)
Operating segments | Corporate
Disclosure of operating segments [line items]
Total revenues	0	0		0
Adjusted EBIT	(30,423)	(31,861)		(20,911)
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Total revenues	(33,327)	(14,757)		(6,839)
From Third Parties
Disclosure of operating segments [line items]
Total revenues	1,904,549	1,492,840		1,292,402
Depreciation and amortisation expense	(193,170)	(171,882)
From Third Parties | Operating segments | ZEGNA
Disclosure of operating segments [line items]
Total revenues	1,290,608	1,162,826		1,029,005
Depreciation and amortisation expense	(139,902)	(148,747)
From Third Parties | Operating segments | Thom Browne
Disclosure of operating segments [line items]
Total revenues	378,410	330,014		263,397
Depreciation and amortisation expense	(27,214)	(23,129)
From Third Parties | Operating segments | Tom Ford Fashion
Disclosure of operating segments [line items]
Total revenues	235,531
Depreciation and amortisation expense	(26,008)
From Third Parties | Operating segments | Corporate
Disclosure of operating segments [line items]
Total revenues	0	0		0
Depreciation and amortisation expense	(46)	(6)		(2)
Inter Segment Revenue
Disclosure of operating segments [line items]
Total revenues	0	0		0
Depreciation and amortisation expense	0	0		0
Adjusted EBIT	(59)	0		0
Inter Segment Revenue | Operating segments | ZEGNA
Disclosure of operating segments [line items]
Total revenues	31,437	13,880		6,170
Inter Segment Revenue | Operating segments | Thom Browne
Disclosure of operating segments [line items]
Total revenues	1,877	877		669
Inter Segment Revenue | Operating segments | Tom Ford Fashion
Disclosure of operating segments [line items]
Total revenues	13
Inter Segment Revenue | Operating segments | Corporate
Disclosure of operating segments [line items]
Total revenues	0	0		0
Inter Segment Revenue | Elimination of intersegment amounts
Disclosure of operating segments [line items]
Total revenues	€ (33,327)	€ (14,757)		€ (6,839)
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Segment reporting - Schedule _2

Segment reporting - Schedule of Selected Financial Information By Segment, Narrative (Details) - EUR (€)		12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Transaction costs related to acquisitions		€ (6,001,000)	€ (2,289,000)
Proportion of ownership interest in associate
Costs related to the business combination		€ 2,140,000	€ 2,137,000
Severance indemnities and provision for severance expenses		4,002,000	2,199,000	€ 8,692,000
Legal costs		2,168,000	7,532,000
Impairment of leased and owned stores		1,782,000	1,639,000	8,996,000
Donations		100,000	1,000,000	205,059,000
Net income related to lease agreements		4,129,000	6,844,000
Transaction costs related to business acquisitions		€ 6,001,000	2,289,000
Other wages and salaries				10,916,000
Employee gift expenses				1,500
Private warrants | Zegna non-executive directors
Disclosure of operating segments [line items]
Private warrants issued				1,236,000
Performance share units
Disclosure of operating segments [line items]
Shares granted value under share based arrangement				5,380,000
IIAC Class B Shares
Disclosure of operating segments [line items]
Release of shares from escrow, period of target achievement		7 years
Selling, general and administrative expenses
Disclosure of operating segments [line items]
Transaction costs related to acquisitions		€ (2,034,000)	(2,099,000)	(200,961,000)
Costs related to the business combination		2,034,000	2,099,000	200,961,000
Transaction costs related to business acquisitions		2,034,000	2,099,000	200,961,000
Cost of sales
Disclosure of operating segments [line items]
Costs related to the business combination		106,000	38,000	4,086,000
Costs related to the business combination
Disclosure of operating segments [line items]
Costs related to the business combination				34,092,000
Write-off of non-refundable prepaid premiums				566,000
Costs related to the business combination | ZEGNA
Disclosure of operating segments [line items]
Share issue related cost				114,963,000
Costs related to the business combination | IIAC
Disclosure of operating segments [line items]
Share issue related cost				€ 37,906,000
Stock issued during period (in shares)				5,031,250
Costs related to the business combination | United States
Disclosure of operating segments [line items]
Provisions related to lease agreement			950,000
Loss related to sublease agreement			606,000
Marketing Expenses
Disclosure of operating segments [line items]
Costs related to the business combination				€ 12,000
Costs related to lease agreements | United States
Disclosure of operating segments [line items]
Provisions related to lease agreement				12,192,000
Costs related to lease agreements | Italy
Disclosure of operating segments [line items]
Legal expenses related to lease agreement				1,492,000
Costs related to lease agreements | GB
Disclosure of operating segments [line items]
Accrued property taxes related to lease agreement				1,829,000
Write downs and disposal | Agnona
Disclosure of operating segments [line items]
Loss incurred before sale of business				6,006,000
Write down of stake				€ 144,000
Percentage of voting interests acquired				30%
Write downs and disposal | United States | Agnona
Disclosure of operating segments [line items]
Income from sale of right of use of asset				€ 1,266,000
Property, plant and equipment
Disclosure of operating segments [line items]
Impairment of leased and owned stores		(915,000)	756,000	2,167,000
Right-of-use assets
Disclosure of operating segments [line items]
Impairment of leased and owned stores		832,000	2,369,000	6,486,000
Intangible assets other than goodwill
Disclosure of operating segments [line items]
Impairment of leased and owned stores		35,000	26,000	39,000
Corporate
Disclosure of operating segments [line items]
Costs related to the business combination		976,000	938,000	190,996,000
Thom Browne
Disclosure of operating segments [line items]
Transaction costs related to acquisitions		(263,000)
Costs related to the business combination		98,000	98,000	1,035,000
Impairment of leased and owned stores			820,000
Transaction costs related to business acquisitions		263,000
Thom Browne | Intangible assets other than goodwill
Disclosure of operating segments [line items]
Impairment of leased and owned stores		17,000
ZEGNA
Disclosure of operating segments [line items]
Costs related to the business combination		1,066,000	1,101,000	€ 13,028,000
Severance indemnities and provision for severance expenses		1,166,000
Impairment of leased and owned stores			819,000
Proceeds to exit lease (key money)			€ 6,500,000
ZEGNA | Intangible assets other than goodwill
Disclosure of operating segments [line items]
Impairment of leased and owned stores		855,000
Tom Ford Fashion
Disclosure of operating segments [line items]
Severance indemnities and provision for severance expenses		2,836,000
Tom Ford Fashion | Intangible assets other than goodwill
Disclosure of operating segments [line items]
Impairment of leased and owned stores		910,000
Norda Run
Disclosure of operating segments [line items]
Proportion of ownership interest in associate	25%
Norda Run | Corporate
Disclosure of operating segments [line items]
Costs related to the business combination		€ 5,738,000

Segment reporting - Schedule _3

Segment reporting - Schedule of non-current assets by geography (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	€ 1,284,599	€ 980,203
Goodwill	572,274	455,908	€ 425,220
Goodwill
Disclosure of operating segments [line items]
Goodwill	256,270	239,709	227,230
Brands with an indefinite useful life
Disclosure of operating segments [line items]
Goodwill	162,832	168,694	€ 158,864
Brands with an indefinite useful life | Thom Browne
Disclosure of operating segments [line items]
Goodwill	206,699	214,141
South Korea | Brands with an indefinite useful life | Thom Browne
Disclosure of operating segments [line items]
Goodwill	24,003
EMEA
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	359,174	281,749
EMEA | Italy
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	211,394	178,714
EMEA | Netherlands
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	1,328	1,909
North America
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	739,044	549,634
North America | United States
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	730,090	546,362
Latin America
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	4,926	5,147
APAC
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	181,455	143,673
APAC | Greater China Region
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	113,134	103,621
APAC | Japan
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	18,415	21,339
APAC | South Korea
Disclosure of operating segments [line items]
Total non-current assets (other than financial instruments and deferred tax assets)	€ 27,624	€ 0

Revenues - Schedule of Breakdow

Revenues - Schedule of Breakdown of Revenues by Product Line (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 1,904,549	€ 1,492,840	€ 1,292,402
Zegna branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	1,109,491	923,942	847,311
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	378,410	330,014	263,397
Tom Ford Fashion
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	235,531	0	0
Textile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	150,986	136,769	102,244
Third Party Brands
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	25,343	97,792	74,957
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 4,788	€ 4,323	€ 4,493

Revenues - Schedule of Breakd_2

Revenues - Schedule of Breakdown of Revenues by Sales Channel (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 1,904,549	€ 1,492,840	€ 1,292,402
Total Direct to Consumer (DTC)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	1,265,026	918,207	851,429
ZEGNA branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	945,313	772,505	712,862
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	183,422	145,702	138,567
TOM FORD FASHION
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	136,291	0	0
Total Wholesale
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	634,735	570,310	436,480
ZEGNA branded products
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	164,178	151,437	134,449
Thom Browne
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	194,988	184,312	124,830
TOM FORD FASHION
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	99,240	0	0
Third Party Brands and Textile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	176,329	234,561	177,201
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 4,788	€ 4,323	€ 4,493

Revenues - Schedule of Breakd_3

Revenues - Schedule of Breakdown of Revenues by Geographic Area (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 1,904,549	€ 1,492,840	€ 1,292,402
EMEA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	658,694	520,226	380,325
EMEA | Italy
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	281,793	224,342	158,722
EMEA | UK
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	70,191	53,970	37,682
EMEA | UAE
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	68,729	50,926	32,944
EMEA | Netherlands
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	15,505	8,701	6,320
North America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	417,352	294,686	191,283
North America | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	384,544	270,312	176,059
Latin America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	37,538	29,889	19,971
APAC
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	788,007	644,802	696,344
APAC | Greater China Region
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	595,515	494,110	588,876
APAC | Japan
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	84,990	65,445	55,479
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenues	€ 2,958	€ 3,237	€ 4,479

Cost of sales (Details)

Cost of sales (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Profit or loss [abstract]
Cost of sales	€ 680,235	€ 564,832	[1]	€ 495,702	[1]
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Selling, general and administ_2

Selling, general and administrative expenses (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Selling, general and administrative expenses	€ 901,364	€ 695,084	[1]	€ 822,897	[1]
Transaction costs related to business acquisitions	6,001	2,289
Selling, general and administrative expenses
Disclosure of attribution of expenses by nature to their function [line items]
Transaction costs related to business acquisitions	€ 2,034	€ 2,099		€ 200,961
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Marketing expenses (Details)

Marketing expenses (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Profit or loss [abstract]
Marketing expenses	€ 114,802	€ 85,147	[1]	€ 67,831	[1]
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Financial income, financial e_3

Financial income, financial expenses and foreign exchange losses - Schedule of Detailed Information About Financial Income Financial Expenses And Exchange Gains Or Losses (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial income
Securities	€ 8,652	€ 8,154		€ 17,845
Hedging operations	2,968	241		661
Interest on financial other assets	2,707	1,226		1,881
Interest on financial receivables/loans	187	501		583
Derivative financial instruments	6,767	1,022		2,760
Other financial income	1,209	1,706		1,484
Total financial income	37,282	13,320	[1]	45,889	[1]
Financial expenses
Options - Changes in fair value	0	(11,426)		(13,391)
Hedging operations	(6,736)	(11,701)		(7,044)
Interest and financial charges for lease liabilities	(17,030)	(9,882)		(8,982)
Warrants - Changes in fair value	(22,909)	(1,171)		(4,137)
Securities	(4,412)	(13,426)		(3,902)
Interest on bank loans and overdrafts	(13,361)	(4,785)		(2,845)
Interest expenses on interest rate swaps	(300)	(1,356)		(2,076)
Other financial expenses	(3,373)	(599)		(1,446)
Total financial expenses	(68,121)	(54,346)	[1]	(43,823)	[1]
Foreign exchange losses	(5,262)	(7,869)	[1]	(7,791)	[1]
Options
Financial income
Changes in fair value	€ 14,792	€ 470		€ 20,675
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Financial income, financial e_4

Financial income, financial expenses and foreign exchange losses- Additional Information (Details) - EUR (€) € in Thousands		1 Months Ended	12 Months Ended
	Jun. 01, 2021	Jul. 31, 2021	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Consideration paid in cash			€ 117,686	€ 585		€ 4,224
Group’s percentage interest			90%
Warrants - Changes in fair value			€ (22,909)	(1,171)		(4,137)
Foreign exchange losses			(5,262)	(7,869)	[1]	(7,791)	[1]
Reclassification adjustments on exchange differences on translation of foreign operations, net of tax			4,705
Securities
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Disposals			(267,826)	(42,137)
Proceeds from disposals			270,317
Realized gains/(losses)			€ 2,494	€ 227
Lanificio | Subsidiaries
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Percentage of additional interest acquired in subsidiary		10%
Consideration paid in cash		€ 9,600
Group’s percentage interest		100%
Put options
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Additional purchase of options, percent	5%
Put option, noncontrolling interest, percent			10%	10%
Increase (decrease) in fair value of financial liability			€ 11,587	€ 11,426		7,833
Dondi put options
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Increase (decrease) in fair value of financial liability			3,205			2,035
Lanificio put option
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Increase (decrease) in fair value of financial liability						3,523
Options
Details Of Financial Income Financial Expenses And Exchange Gains Or Losses [Line Items]
Gains related to options			€ 14,792	€ 470		€ 20,675
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Income taxes - Schedule of Brea

Income taxes - Schedule of Breakdown For Income Taxes (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Major components of tax expense (income) [abstract]
Current taxes	€ (54,795)	€ (47,355)		€ (47,882)
Deferred taxes	21,362	11,553		17,180
Income taxes	€ (33,433)	€ (35,802)	[1]	€ (30,702)	[1]
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Income taxes - Schedule of Reco

Income taxes - Schedule of Reconciliation Between Actual Income Taxes and The Theoretical Income Taxes (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Major components of tax expense (income) [abstract]
Applicable tax rate	24%	24%		24%
Profit/(Loss) before taxes	€ 169,094	€ 101,081	[1]	€ (96,959)	[1]
Theoretical income tax (expense)/benefit - tax rate 24%	(40,583)	(24,259)		23,270
Non-taxable income/(Non-deductible costs)	11,454
Non-taxable income/(Non-deductible costs)		(8,256)		(23,863)
Differences between foreign tax rates and the theoretical applicable tax rate	5,847	10,829		(2,849)
Tax benefit/(expense) relating to prior years	2,997	(96)		(2,668)
Deferred tax assets recognized from previous years	7,425	0		0
Deferred tax assets not recognized	(4,107)	1,876		(14,978)
Tax on dividends and earnings	(5,613)	(5,366)		(9,027)
Other tax items	(6,363)	(6,934)		449
Total tax expense, excluding IRAP	€ (28,943)	€ (32,206)		€ (29,666)
Effective tax rate, excluding IRAP	17.10%	31.90%		(30.60%)
Italian regional income tax expense (IRAP)	€ (4,490)	€ (3,596)		€ (1,036)
Total income tax	€ (33,433)	€ (35,802)	[1]	€ (30,702)	[1]
Effective tax rate	19.80%	35.40%		(31.70%)
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Income taxes - Additional Infor

Income taxes - Additional Information (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Uncertain tax items
Statements [Line Items]
Provisions	€ 5,100	€ 5,000
Parent Company
Statements [Line Items]
Applicable Italian regional income tax rate	5.57%	5.57%	5.57%
Other
Statements [Line Items]
Applicable Italian regional income tax rate	3.90%	3.90%	3.90%

Income taxes - Schedule of Br_2

Income taxes - Schedule of Breakdown For Deferred Tax Assets and Deferred Tax Liabilities (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	€ (181,326)	€ (142,377)
Deferred tax expense (income) recognised in profit or loss	(10,863)	(35,116)
Recognized in comprehensive income/(loss)	509	103
Business Combination	(52,757)
Exchange differences and other	(2,660)	(3,937)
Balance at the ending	(247,098)	(181,326)
Deferred tax assets | IAS 12, Pre-Amendments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(181,326)
Balance at the ending		(181,326)
Deferred tax assets | Employee benefits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(4,794)	(4,665)
Deferred tax expense (income) recognised in profit or loss	(1,564)	(352)
Recognized in comprehensive income/(loss)	297	85
Business Combination	(86)
Exchange differences and other	118	138
Balance at the ending	(6,030)	(4,794)
Deferred tax assets | Property, plant and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(9,878)	(11,107)
Deferred tax expense (income) recognised in profit or loss	1,401	1,668
Recognized in comprehensive income/(loss)	0	0
Business Combination	0
Exchange differences and other	(106)	(439)
Balance at the ending	(8,583)	(9,878)
Deferred tax assets | Lease liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(59,963)	(36,752)
Deferred tax expense (income) recognised in profit or loss	4,373	(23,255)
Recognized in comprehensive income/(loss)	0	0
Business Combination	(46,141)
Exchange differences and other	(1,368)	43
Balance at the ending	(103,099)	(59,963)
Deferred tax assets | Lease liabilities | IAS 12, Pre-Amendments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(59,963)
Balance at the ending		(59,963)
Deferred tax assets | Intangible assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(3,229)	(3,246)
Deferred tax expense (income) recognised in profit or loss	65	85
Recognized in comprehensive income/(loss)	0	0
Business Combination	0
Exchange differences and other	(215)	(68)
Balance at the ending	(3,379)	(3,229)
Deferred tax assets | Provision for obsolete inventory
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(27,647)	(21,077)
Deferred tax expense (income) recognised in profit or loss	(2,348)	(4,602)
Recognized in comprehensive income/(loss)	0	0
Business Combination
Exchange differences and other	1,036	(1,968)
Balance at the ending	(28,959)	(27,647)
Deferred tax assets | Elimination of Intercompany margin on inventory
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(28,447)	(21,695)
Deferred tax expense (income) recognised in profit or loss	(8,361)	(6,493)
Recognized in comprehensive income/(loss)	0	0
Business Combination	(3,439)
Exchange differences and other	546	(259)
Balance at the ending	(39,701)	(28,447)
Deferred tax assets | Provisions
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(3,647)	(2,851)
Deferred tax expense (income) recognised in profit or loss	223	(1,463)
Recognized in comprehensive income/(loss)	47	0
Business Combination	0
Exchange differences and other	1,009	667
Balance at the ending	(2,368)	(3,647)
Deferred tax assets | Financial assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(1,596)	(1,533)
Deferred tax expense (income) recognised in profit or loss	0	84
Recognized in comprehensive income/(loss)	148	0
Business Combination	0
Exchange differences and other	0	(147)
Balance at the ending	(1,448)	(1,596)
Deferred tax assets | Tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(41,622)	(36,766)
Deferred tax expense (income) recognised in profit or loss	(1,601)	(100)
Recognized in comprehensive income/(loss)	0	0
Business Combination	0
Exchange differences and other	(3,143)	(4,756)
Balance at the ending	(46,366)	(41,622)
Deferred tax assets | Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	(503)	(2,685)
Deferred tax expense (income) recognised in profit or loss	(3,051)	(688)
Recognized in comprehensive income/(loss)	17	18
Business Combination	(3,091)
Exchange differences and other	(537)	2,852
Balance at the ending	(7,165)	(503)
Deferred tax liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	117,233	88,013
Deferred tax expense (income) recognised in profit or loss	(10,499)	23,563
Recognized in comprehensive income/(loss)	(2,464)	3,436
Business Combination	51,235
Exchange differences and other	4,601	2,224
Balance at the ending	160,105	117,233
Deferred tax liabilities | IAS 12, Pre-Amendments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	117,233
Balance at the ending		117,233
Deferred tax liabilities | Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	11,946	5,944
Deferred tax expense (income) recognised in profit or loss	(4,442)	1,783
Recognized in comprehensive income/(loss)	(2,254)	2,278
Business Combination	4,776
Exchange differences and other	4,492	1,941
Balance at the ending	14,517	11,946
Deferred tax liabilities | Property, plant and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	448	0
Deferred tax expense (income) recognised in profit or loss	(184)	452
Recognized in comprehensive income/(loss)	0	0
Business Combination	0
Exchange differences and other	32	(4)
Balance at the ending	296	448
Deferred tax liabilities | Right-of-use assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	57,156	34,188
Deferred tax expense (income) recognised in profit or loss	(7,288)	22,953
Recognized in comprehensive income/(loss)	0	0
Business Combination	46,132
Exchange differences and other	615	18
Balance at the ending	96,615	57,156
Deferred tax liabilities | Right-of-use assets | IAS 12, Pre-Amendments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	57,156
Balance at the ending		57,156
Deferred tax liabilities | Intangible assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	45,301	45,420
Deferred tax expense (income) recognised in profit or loss	1,370	(202)
Recognized in comprehensive income/(loss)	0	0
Business Combination	327
Exchange differences and other	(138)	83
Balance at the ending	46,860	45,301
Deferred tax liabilities | Financial assets fair value
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Balance at the Begining	2,382	2,461
Deferred tax expense (income) recognised in profit or loss	45	(1,423)
Recognized in comprehensive income/(loss)	(210)	1,158
Business Combination	0
Exchange differences and other	(400)	186
Balance at the ending	€ 1,817	€ 2,382

Income taxes - Schedule of Tax

Income taxes - Schedule of Tax Losses Carried Forward for Which No Deferred Tax Assets (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Detailed Information About Unused Tax Losses For Which No Deferred Tax Asset Recognised [Line Items]
Unused tax losses for which no deferred tax asset recognised	€ 431,178	€ 453,685
Expiry within 1 year
Disclosure Of Detailed Information About Unused Tax Losses For Which No Deferred Tax Asset Recognised [Line Items]
Unused tax losses for which no deferred tax asset recognised	15,265	9,936
Expiry 1-5 years
Disclosure Of Detailed Information About Unused Tax Losses For Which No Deferred Tax Asset Recognised [Line Items]
Unused tax losses for which no deferred tax asset recognised	20,793	35,927
Expiry over 5 years
Disclosure Of Detailed Information About Unused Tax Losses For Which No Deferred Tax Asset Recognised [Line Items]
Unused tax losses for which no deferred tax asset recognised	66,384	86,433
No expiration
Disclosure Of Detailed Information About Unused Tax Losses For Which No Deferred Tax Asset Recognised [Line Items]
Unused tax losses for which no deferred tax asset recognised	€ 328,736	€ 321,389

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Amounts Used to Calculate Basic and Diluted Earnings Per Share (Details) - EUR (€) € / shares in Units, € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Earnings per share [line items]
Profit/(Loss) attributable to shareholders of the Parent Company	€ 121,529	€ 51,482	[1]	€ (136,001)	[1]
Weighted average number of shares for basic earnings per share (in shares)	247,015,882	237,545,736		203,499,933
Weighted average number of shares for diluted earnings per share (in shares)	252,363,769	240,647,513		203,499,933
Basic earnings per share in Euro (in EUR per share)	€ 0.49	€ 0.22	[1]	€ (0.67)	[1]
Diluted earnings per share in Euro (in EUR per share)	€ 0.48	€ 0.21	[1]	€ (0.67)	[1]
Long Term Incentive Awards
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	1,775,976	946,990		0
Performance share units
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	1,149,273	1,031,673		0
CEO Remuneration
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	1,134,108	1,081,513		0
Initial Public Offering Performance Share Units
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	790,000	0		0
Long-Term Equity Incentives
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	307,242	0
Non-Executive Directors Remuneration
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	149,836	41,601		0
Restricted Stock Units Plan 2023
Earnings per share [line items]
Adjustments for calculation of diluted earnings per share (in shares)	41,452	0		0
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [line items]
Non-executive director remuneration, percentage received in equity	50%	50%
Weighted average potentially diluted shares			1,417,947
Equity settled share based payments
Earnings per share [line items]
Other long-term employee benefits	$ 7,500

Other information by nature (De

Other information by nature (Details) € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€) employee	Dec. 31, 2022 EUR (€) employee	Dec. 31, 2021 EUR (€)
Statement of Consolidated Expenses [Line Items]
Depreciation and amortisation expense	€ (193,170)	€ (171,882)	€ (154,675)
Personnel costs	€ (487,144)	€ (395,087)	(367,762)
Number of employees | employee	7,201	6,256
Previously Reported
Statement of Consolidated Expenses [Line Items]
Depreciation and amortisation expense			(154,195)
Tom Ford International LLC
Statement of Consolidated Expenses [Line Items]
Number of employees | employee	580
Pelletteria Tizeta S.r.l
Statement of Consolidated Expenses [Line Items]
Number of employees | employee	45
Cost of sales
Statement of Consolidated Expenses [Line Items]
Depreciation and amortisation expense	€ (16,376)	€ (13,557)	(13,034)
Personnel costs	(132,447)	(116,330)	(98,384)
Selling, general and administrative expenses
Statement of Consolidated Expenses [Line Items]
Depreciation and amortisation expense	(174,905)	(157,050)	(140,165)
Personnel costs	(344,421)	(270,845)	(262,053)
Marketing expenses
Statement of Consolidated Expenses [Line Items]
Depreciation and amortisation expense	(1,889)	(1,275)	(996)
Personnel costs	€ (10,276)	€ (7,912)	€ (7,325)

Intangible assets - Schedule of

Intangible assets - Schedule of Breakdown For Intangible Assets (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Beginning balance	€ 455,908	€ 425,220
Business combinations	5,859	4,561	€ 3,488
Ending balance	572,274	455,908	425,220
Goodwill
Disclosure of detailed information about intangible assets [line items]
Beginning balance	239,709	227,230
Ending balance	256,270	239,709	227,230
Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Beginning balance	168,694	158,864
Ending balance	162,832	168,694	158,864
Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	5,350	5,871
Ending balance	102,573	5,350	5,871
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	41,009	29,074
Ending balance	50,493	41,009	29,074
Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	1,146	4,181
Ending balance	106	1,146	4,181
Gross carrying amount
Disclosure of detailed information about intangible assets [line items]
Beginning balance	599,092	561,939
Additions	24,008	25,258
Disposals	(966)	(11,014)
Exchange differences	(14,926)	22,909
Business combinations	127,086
Other movements and reclassifications	(1,125)	0
Ending balance	733,169	599,092	561,939
Gross carrying amount | Goodwill
Disclosure of detailed information about intangible assets [line items]
Beginning balance	239,709	227,230
Additions	0	0
Disposals	0	0
Exchange differences	(7,405)	12,479
Business combinations	23,966
Other movements and reclassifications	0	0
Ending balance	256,270	239,709	227,230
Gross carrying amount | Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Beginning balance	168,694	158,864
Additions	0	0
Disposals	0	0
Exchange differences	(5,862)	9,830
Business combinations	0
Other movements and reclassifications	0	0
Ending balance	162,832	168,694	158,864
Gross carrying amount | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	42,339	45,003
Additions	1,777	1,620
Disposals	(369)	(3,164)
Exchange differences	(765)	82
Business combinations	99,295
Business combinations	99,295
Other movements and reclassifications	1,644	(1,202)
Ending balance	143,921	42,339	45,003
Gross carrying amount | Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	147,204	126,661
Additions	21,598	23,474
Disposals	(431)	(4,651)
Exchange differences	(851)	518
Business combinations	3,520
Other movements and reclassifications	(1,000)	1,202
Ending balance	170,040	147,204	126,661
Gross carrying amount | Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	1,146	4,181
Additions	633	164
Disposals	(166)	(3,199)
Exchange differences	(43)	0
Business combinations	305
Other movements and reclassifications	(1,769)	0
Ending balance	106	1,146	4,181
Accumulated amortization
Disclosure of detailed information about intangible assets [line items]
Beginning balance	143,184	136,719
Disposals	(782)	(6,883)
Exchange differences	695	(939)
Amortization	(19,153)	(12,383)
Impairment	(35)	(26)
Other movements and reclassifications	0
Ending balance	160,895	143,184	136,719
Accumulated amortization | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Beginning balance	36,989	39,132
Disposals	(369)	(2,761)
Exchange differences	164	838
Amortization	(3,963)	(1,457)
Impairment	0	1
Other movements and reclassifications	(929)
Ending balance	41,348	36,989	39,132
Accumulated amortization | Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Beginning balance	106,195	97,587
Disposals	(413)	(4,122)
Exchange differences	531	(1,777)
Amortization	(15,190)	(10,926)
Impairment	(35)	(27)
Other movements and reclassifications	929
Ending balance	119,547	106,195	97,587
Accumulated amortization | Intangible assets in progress
Disclosure of detailed information about intangible assets [line items]
Beginning balance	0	0
Disposals	0	0
Exchange differences	0	0
Amortization	0	0
Impairment	0	0
Other movements and reclassifications	0
Ending balance	€ 0	€ 0	€ 0

Intangible assets - Additional

Intangible assets - Additional Information (Details) - EUR (€) € in Thousands		12 Months Ended
	Apr. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Goodwill		€ 572,274	€ 455,908	€ 425,220
Business combinations		€ 5,859	€ 4,561	3,488
Bottom of range
Disclosure of detailed information about intangible assets [line items]
Percentage of discount rate applied to cash flow weighted average cost of capital		8.81%	8.41%
Top of range
Disclosure of detailed information about intangible assets [line items]
Percentage of discount rate applied to cash flow weighted average cost of capital		9.55%	12.04%
ZEGNA
Disclosure of detailed information about intangible assets [line items]
Growth rate (bps)		3%
Thom Browne
Disclosure of detailed information about intangible assets [line items]
Growth rate (bps)		3%
CGU Thom Browne Korea Ltd.
Disclosure of detailed information about intangible assets [line items]
Goodwill		€ 23,966
Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Goodwill		102,573	€ 5,350	5,871
Concessions, licenses, trademarks and patents | Tom Ford International LLC
Disclosure of detailed information about intangible assets [line items]
Useful life of intangible asset	30 years
Right-of-use guaranteed years	20 years
Right-of-use automatic renewal term	10 years
Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Goodwill		162,832	168,694	158,864
Brands with an indefinite useful life | Thom Browne
Disclosure of detailed information about intangible assets [line items]
Goodwill		206,699	214,141
Gross carrying amount
Disclosure of detailed information about intangible assets [line items]
Goodwill		733,169	599,092	561,939
Gross carrying amount | Concessions, licenses, trademarks and patents
Disclosure of detailed information about intangible assets [line items]
Goodwill		143,921	42,339	45,003
Business combinations		99,295
Gross carrying amount | Brands with an indefinite useful life
Disclosure of detailed information about intangible assets [line items]
Goodwill		€ 162,832	€ 168,694	€ 158,864

Intangible assets - Schedule _2

Intangible assets - Schedule of Goodwill Originated on Acquisitions Made by the Group (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Goodwill	€ 572,274	€ 455,908	€ 425,220
Goodwill and Brand Names
Disclosure of detailed information about intangible assets [line items]
Goodwill	419,102	408,403
Goodwill and Brand Names | ZEGNA
Disclosure of detailed information about intangible assets [line items]
Goodwill	25,568	25,568
Goodwill and Brand Names | Thom Browne
Disclosure of detailed information about intangible assets [line items]
Goodwill	€ 393,534	€ 382,835

Intangible assets - Schedule _3

Intangible assets - Schedule of Sensitivity Of The Impairment Testing To Reasonably Possible Changes In Both Assumptions (Details) € in Millions	12 Months Ended
	Dec. 31, 2023 EUR (€) employee	Dec. 31, 2022 EUR (€)
Thom Browne
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 484	€ 454
WACC (bps)	8.81%	8.41%
Growth rate (bps)	3%	3%
EBITDA CAGR (%) vs. 2023	15.90%	20.80%
WACC +100 bps	0.0317	0.0362
Growth rate -50 bps	0.0403	0.0372
EBITDA -500 bps	0.0405	0.0381
CGU Thom Browne Korea Ltd.
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 31
WACC (bps)	9.05%
Growth rate (bps)	3%
WACC +100 bps | employee	0.0022
Growth rate -50 bps | employee	0.0027
EBITDA -500 bps | employee	0.0025
CGU Gruppo Dondi S.p.A.
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 51	€ 66
WACC (bps)	9.55%	8.78%
Growth rate (bps)	3%	3%
EBITDA CAGR (%) vs. 2023	15.50%	7%
WACC +100 bps	0.0039	0.0052
Growth rate -50 bps	0.0045	0.0059
EBITDA -500 bps	0.0046	0.0061
Bonotto S.p.A.
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 6	€ 3
WACC (bps)	9.55%	8.78%
Growth rate (bps)	3%	3%
EBITDA CAGR (%) vs. 2023	(9.50%)	(1.00%)
WACC +100 bps	0.0003	0
Growth rate -50 bps	0.0005	0.0002
EBITDA -500 bps	0.0005	0.0002
CGU In.Co. S.p.A.
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 39	€ 110
WACC (bps)	9.55%	8.78%
Growth rate (bps)	3%	3%
EBITDA CAGR (%) vs. 2023	11.20%	2.20%
WACC +100 bps	0.0020	0.0085
Growth rate -50 bps	0.0030	0.0098
EBITDA -500 bps	0.0030	0.0098
Tessitura Ubertino S.r.l.
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Headroom	€ 20	€ 22
WACC (bps)	9.55%	8.78%
Growth rate (bps)	3%	3%
EBITDA CAGR (%) vs. 2023	(2.80%)	6.60%
WACC +100 bps	0.0016	0.0018
Growth rate -50 bps	0.0018	0.0020
EBITDA -500 bps	0.0018	0.0021

Property, plant and equipment -

Property, plant and equipment - Schedule of Property Plant and Equipment (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	€ 126,139	€ 111,474
Business combinations	13,301	5,891	€ 16,507
Ending balance	159,608	126,139	111,474
Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	4,523	4,802
Ending balance	4,144	4,523	4,802
Plants and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	21,540	22,070
Ending balance	27,054	21,540	22,070
Industrial and commercial equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	24,800	24,232
Ending balance	33,588	24,800	24,232
Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	68,603	55,553
Ending balance	87,418	68,603	55,553
Other tangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	1,674	1,869
Ending balance	1,978	1,674	1,869
Tangible assets under construction and advances
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	4,999	2,948
Ending balance	5,426	4,999	2,948
Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	561,299	558,949
Additions	65,600	48,174
Disposals	(38,736)	(48,545)
Business combinations	20,599
Exchange differences	(13,587)	2,721
Reclassifications	1,081	0
Ending balance	596,256	561,299	558,949
Gross carrying amount | Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	8,548	8,537
Additions	33	11
Disposals	0	0
Business combinations	0
Exchange differences	0	0
Reclassifications	0	0
Ending balance	8,581	8,548	8,537
Gross carrying amount | Plants and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	153,863	164,539
Additions	10,812	6,171
Disposals	(4,245)	(17,130)
Business combinations	238
Exchange differences	121	(37)
Reclassifications	966	320
Ending balance	161,755	153,863	164,539
Gross carrying amount | Industrial and commercial equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	147,959	144,831
Additions	14,342	11,121
Disposals	(8,302)	(12,341)
Business combinations	6,781
Exchange differences	(2,515)	5,117
Reclassifications	4,235	(769)
Ending balance	162,500	147,959	144,831
Gross carrying amount | Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	238,190	228,904
Additions	31,390	27,081
Disposals	(26,049)	(18,874)
Business combinations	12,094
Exchange differences	(10,812)	(2,353)
Reclassifications	6,752	3,432
Ending balance	251,565	238,190	228,904
Gross carrying amount | Other tangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	7,740	8,710
Additions	562	153
Disposals	(104)	(200)
Business combinations	1,328
Exchange differences	(23)	24
Reclassifications	(3,074)	(947)
Ending balance	6,429	7,740	8,710
Gross carrying amount | Tangible assets under construction and advances
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	4,999	3,428
Additions	8,461	3,637
Disposals	(36)	0
Business combinations	158
Exchange differences	(358)	(30)
Reclassifications	(7,798)	(2,036)
Ending balance	5,426	4,999	3,428
Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(435,160)	(447,475)
Depreciation	(47,078)	(40,202)
Disposals	(36,712)	(48,250)
Impairment	(915)	756
Exchange differences	9,793	3,511
Reclassifications	0	0
Ending balance	(436,648)	(435,160)	(447,475)
Accumulated depreciation | Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(4,025)	(3,735)
Depreciation	(250)	(296)
Disposals	0	0
Impairment	0	0
Exchange differences	(162)	0
Reclassifications	0	6
Ending balance	(4,437)	(4,025)	(3,735)
Accumulated depreciation | Plants and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(132,323)	(142,469)
Depreciation	(6,454)	(6,879)
Disposals	(4,101)	(17,048)
Impairment	4	(23)
Exchange differences	(92)	(71)
Reclassifications	63	71
Ending balance	(134,701)	(132,323)	(142,469)
Accumulated depreciation | Industrial and commercial equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(123,159)	(120,599)
Depreciation	(13,538)	(11,504)
Disposals	(7,840)	(12,262)
Impairment	(406)	(438)
Exchange differences	2,195	(1,437)
Reclassifications	(1,844)	(1,443)
Ending balance	(128,912)	(123,159)	(120,599)
Accumulated depreciation | Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(169,587)	(173,351)
Depreciation	(26,558)	(20,356)
Disposals	(24,677)	(18,747)
Impairment	(513)	1,217
Exchange differences	7,834	4,139
Reclassifications	0	17
Ending balance	(164,147)	(169,587)	(173,351)
Accumulated depreciation | Other tangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(6,066)	(6,841)
Depreciation	(278)	(1,167)
Disposals	(94)	(193)
Impairment	0	0
Exchange differences	18	880
Reclassifications	1,781	869
Ending balance	(4,451)	(6,066)	(6,841)
Accumulated depreciation | Tangible assets under construction and advances
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	0	(480)
Depreciation	0	0
Disposals	0	0
Impairment	0	0
Exchange differences	0	0
Reclassifications	0	480
Ending balance	€ 0	€ 0	€ (480)

Property, plant and equipment_2

Property, plant and equipment - Additional Information (Details) € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss related to property, plant and equipment	€ 959
Reversal of impairment loss related to property, plant and equipment	44
Reversal of impairment loss recognised in profit or loss, intangible assets other than goodwill	2
Thom Browne
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss	17
ZEGNA
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss related to right-of-use assets	901
Reversal of impairment loss recognized in right of use asset	46
TFI Group
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss	910
ZEGNA
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss	1,782
Impairment loss related to right-of-use assets	832
Impairment loss related to intangible assets	€ 37
Growth rate (bps)	3%
Thom Browne
Disclosure of detailed information about property, plant and equipment [line items]
Growth rate (bps)	3%
Bottom of range | TFI Group
Disclosure of detailed information about property, plant and equipment [line items]
Growth rate (bps)	3%

Property, plant and equipment_3

Property, plant and equipment - Schedule of Impairment Testing to Reasonably Possible Changes in Assumptions (Details) € in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€) employee	Dec. 31, 2022 EUR (€)
Disclosure of information for cash-generating units [line items]
Reversal of impairment loss related to property, plant and equipment	€ 44
Zegna segment DOS
Disclosure of information for cash-generating units [line items]
Headroom	€ (855)	€ (2,231)
Revenues CAGR (%)	15.70%	7.60%
WACC +100 bps	(0.0965)	(0.2413)
Growth rate -50 bps	(0.0917)	(0.2258)
Revenues -250 bps	(0.1480)	(0.2714)
Reversal of impairment loss related to property, plant and equipment		€ 1,412
Zegna segment DOS | Top of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	12.56%	17.20%
Growth rate (bps)	3%	5%
Zegna segment DOS | Bottom of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	8.64%	8.84%
Growth rate (bps)	2%	1.50%
Thom Browne segment DOS
Disclosure of information for cash-generating units [line items]
Headroom	€ (17)	€ (820)
Revenues CAGR (%)	7.50%	9.50%
WACC +100 bps	0.0017	0.1003
Growth rate -50 bps	(0.0017)	(0.0848)
Revenues -250 bps (Decrease)	(0.0017)	(0.1120)
Thom Browne segment DOS | Top of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	12.56%	11.59%
Growth rate (bps)	3%	3%
Thom Browne segment DOS | Bottom of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	11.16%	8.84%
Growth rate (bps)	2.50%	1.50%
TFI Group
Disclosure of information for cash-generating units [line items]
Headroom	€ (910)
Revenues CAGR (%)	18.20%
WACC +100 bps | employee	0.0925
Growth rate -50 bps | employee	(0.0912)
Revenues -250 bps (Decrease) | employee	(0.1029)
TFI Group | Top of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	12.16%
TFI Group | Bottom of range
Disclosure of information for cash-generating units [line items]
Percentage of WACC Rate	11.27%
Growth rate (bps)	3%
CGU Zegna segment
Disclosure of information for cash-generating units [line items]
Headroom	€ 2,036,000	€ 1,590,000
Growth rate (bps)	3%	3%
WACC +100 bps	(0.1588)	(0.1196)
Growth rate -50 bps	0.1822	0.1399
Revenues -250 bps	0.1741	0.1337
WACC (bps)	8.98%	8.55%
EBITDA CAGR (%) vs. 2023	18.90%	16.30%
CGU Thom Browne segment
Disclosure of information for cash-generating units [line items]
Headroom	€ 484,000	€ 454,000
Growth rate (bps)	3%	3%
WACC +100 bps	(0.0317)	(0.0362)
Growth rate -50 bps	0.0403	0.0372
Revenues -250 bps	0.0405	0.0381
WACC (bps)	8.81%	8.41%
EBITDA CAGR (%) vs. 2023	15.90%	20.80%

Right-of-use assets - Schedule

Right-of-use assets - Schedule of Breakdown for Right-Of-Use Assets (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	€ 375,508	€ 370,470
Balance at end of period	533,952	375,508	€ 370,470
Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	765,408	721,849
Additions	141,995	137,781	148,299
Disposals	(67,958)	(103,561)
Business combinations	160,869
Exchange differences	(22,303)	9,339
Balance at end of period	978,011	765,408	721,849
Accumulated amortisation
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(389,900)	(351,379)
Amortization	(126,939)	(119,297)
Impairments	(832)	(2,369)
Disposals	(60,360)	(84,632)
Exchange differences	13,252	(1,487)
Balance at end of period	(444,059)	(389,900)	(351,379)
Land and buildings
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	373,027	367,922
Balance at end of period	530,599	373,027	367,922
Land and buildings | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	758,923	715,325
Additions	139,057	135,933
Disposals	(65,322)	(101,692)
Business combinations	160,659
Exchange differences	(22,284)	9,357
Balance at end of period	971,033	758,923	715,325
Land and buildings | Accumulated amortisation
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(385,896)	(347,403)
Amortization	(125,096)	(117,488)
Impairments	(832)	(2,369)
Disposals	(58,161)	(82,858)
Exchange differences	13,229	(1,494)
Balance at end of period	(440,434)	(385,896)	(347,403)
Industrial and commercial equipment
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	38	123
Balance at end of period	30	38	123
Industrial and commercial equipment | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	524	572
Additions	66	32
Disposals	(545)	(80)
Business combinations	0
Exchange differences	0	0
Balance at end of period	45	524	572
Industrial and commercial equipment | Accumulated amortisation
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(486)	(449)
Amortization	(75)	(117)
Impairments	0	0
Disposals	(546)	(80)
Exchange differences	0	0
Balance at end of period	(15)	(486)	(449)
Plant and machinery
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	53	87
Balance at end of period	18	53	87
Plant and machinery | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	168	168
Additions	0	0
Disposals	0	0
Business combinations	0
Exchange differences	0	0
Balance at end of period	168	168	168
Plant and machinery | Accumulated amortisation
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(115)	(81)
Amortization	(35)	(34)
Impairments	0	0
Disposals	0	0
Exchange differences	0	0
Balance at end of period	(150)	(115)	(81)
Other right-of-use assets
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	2,390	2,338
Balance at end of period	3,305	2,390	2,338
Other right-of-use assets | Gross carrying amount
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	5,793	5,784
Additions	2,872	1,816
Disposals	(2,091)	(1,789)
Business combinations	210
Exchange differences	(19)	(18)
Balance at end of period	6,765	5,793	5,784
Other right-of-use assets | Accumulated amortisation
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period	(3,403)	(3,446)
Amortization	(1,733)	(1,658)
Impairments	0	0
Disposals	(1,653)	(1,694)
Exchange differences	23	7
Balance at end of period	€ (3,460)	€ (3,403)	€ (3,446)

Right-of-use assets - Additiona

Right-of-use assets - Additional Information (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leased stores | Zegna Segment
Disclosure of quantitative information about right-of-use assets [line items]
Impairment loss	€ 832	€ 2,369
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 - Schedule of Carrying Value of Investments Accounted for Using the Equity Method (Details) - EUR (€) € in Thousands				1 Months Ended	12 Months Ended
	Apr. 27, 2023	Dec. 31, 2022	Jan. 01, 2022	Jul. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Proportion of ownership interest in associate
At beginning of period			€ 22,447		€ 22,648	€ 22,447
Additions					19,781
Disposal					(13)	(2)
Net (loss)/income					(2,953)	2,199
Translation differences					807	(1,996)
Business combinations					(21,505)
At end of period		€ 22,648			€ 18,765	€ 22,648	€ 22,447
Tom Ford International LLC
Disclosure of associates [line items]
Proportion of ownership interest in associate	15%	15%	15%		15%	15%	15%
At beginning of period			€ 18,345		€ 16,425	€ 18,345
Additions					1,845
Disposal					0	0
Net (loss)/income					(2,587)	76
Translation differences					764	(1,996)
Business combinations					(16,447)
At end of period		€ 16,425			0	€ 16,425	€ 18,345
Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate						50%
At beginning of period			3,416		4,708	€ 3,416
Additions					0
Disposal					0	0
Net (loss)/income					350	1,292
Translation differences					0	0
Business combinations					(5,058)
At end of period		4,708			€ 0	€ 4,708	3,416
Norda Run Inc.
Disclosure of associates [line items]
Proportion of ownership interest in associate					25%	0%
At beginning of period			0		€ 0	€ 0
Additions					6,580
Disposal					0	0
Net (loss)/income					(2)	0
Translation differences					43	0
Business combinations					0
At end of period		0			€ 6,621	€ 0	0
Filati Biagioli Modesto S.p.A.
Disclosure of associates [line items]
Proportion of ownership interest in associate					40%	40%
At beginning of period			686		€ 1,515	€ 686
Additions				€ 2,200	6,700
Disposal					(13)	(2)
Net (loss)/income					(712)	831
Translation differences					0	0
Business combinations					0
At end of period		1,515			€ 7,490	€ 1,515	686
Luigi Fedeli e Figlio S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate					15%	0%
At beginning of period			€ 0		€ 0	€ 0
Additions					4,656
Disposal					0	0
Net (loss)/income					(2)	0
Translation differences					0	0
Business combinations					0
At end of period		€ 0			€ 4,654	€ 0	€ 0

Investments accounted for usi_4

Investments accounted for using the equity method - Additional Information (Details) - EUR (€) € in Thousands				1 Months Ended	12 Months Ended
	Apr. 27, 2023	Dec. 31, 2022	Jan. 01, 2022	Jul. 31, 2023	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of associates [line items]
Proportion of ownership interest in associate
Foreign exchange losses					€ 5,262	€ 7,869	[1]	€ 7,791	[1]
Additions					19,781
Tom Ford International LLC
Disclosure of associates [line items]
Foreign exchange losses					4,705
Additions					€ 1,845
Tom Ford International LLC
Disclosure of associates [line items]
Proportion of ownership interest in associate					100%
Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate					100%
Tom Ford International LLC
Disclosure of associates [line items]
Proportion of ownership interest in associate	15%	15%	15%		15%	15%		15%
Additions					€ 1,845
Pelletteria Tizeta S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate	50%
Pelletteria Tizeta S.r.l. | Tom Ford International LLC
Disclosure of associates [line items]
Proportion of ownership interest in associate	50%
Norda Run Inc.
Disclosure of associates [line items]
Proportion of ownership interest in associate					25%	0%
Additions					€ 6,580
Filati Biagioli Modesto S.p.A.
Disclosure of associates [line items]
Proportion of ownership interest in associate					40%	40%
Additions				€ 2,200	€ 6,700
Additions, in cash					€ 4,500
Luigi Fedeli e Figlio S.r.l.
Disclosure of associates [line items]
Proportion of ownership interest in associate					15%	0%
Additions					€ 4,656
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Investments accounted for usi_5

Investments accounted for using the equity method - Schedule of Financial Information of Companies Accounted for Using the Equity Method (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	[1]
Disclosure of associates [line items]
Total assets	€ 2,767,011	€ 2,426,727
Total equity	900,896	732,321	[1]	€ 644,304	[1]	€ 645,034
Net revenues	1,904,549	1,492,840	[2]	1,292,402	[2]
Profit/(Loss)	135,661	€ 65,279	[2]	€ (127,661)	[2]
Norda Run Inc.
Disclosure of associates [line items]
Total assets	8,291
Total liabilities	2,871
Total equity	5,420
Net revenues	4,433
Profit/(Loss)	(7)
Filati Biagioli Modesto S.p.A.
Disclosure of associates [line items]
Total assets	61,084
Total liabilities	42,266
Total equity	18,818
Net revenues	52,253
Profit/(Loss)	(1,789)
Luigi Fedeli e Figlio S.r.l.
Disclosure of associates [line items]
Total assets	30,121
Total liabilities	21,592
Total equity	8,529
Net revenues	7,048
Profit/(Loss)	€ (13)
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements. (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Other non-current financial a_3

Other non-current financial assets - Schedule of Other Noncurrent Financial Assets (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Categories of non-current financial assets [abstract]
Guarantee deposits	€ 28,362	€ 26,814
Financial loans to related parties	0	2,240
Financial loans to TFI	0	1,862
Lease receivables from sublease	1,115	1,366
Other	4,421	3,958
Total other non-current financial assets	€ 33,898	€ 36,240

Other non-current financial a_4

Other non-current financial assets - Additional Information (Details) € in Millions	Dec. 31, 2021 EUR (€)
Zegna director
Disclosure Of Other NonCurrent Financial assets [Line Items]
Financial loans to related parties	€ 2.2

Inventories - Schedule of Break

Inventories - Schedule of Breakdown of Inventories (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Measuring inventories [Abstract]
Raw materials, ancillary materials and consumables	€ 90,460	€ 61,822
Work-in-progress and semi-finished products	46,735	63,019
Finished goods	385,394	286,010
Total inventories	€ 522,589	€ 410,851

Inventories - Additional Inform

Inventories - Additional Information (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Measuring inventories [Abstract]
Provision for slow moving and obsolete inventories	€ 59,558	€ 28,561	€ 29,600

Inventories - Schedule of Chang

Inventories - Schedule of Changes in Provision for Slow Moving and Obsolete Inventories (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Measuring inventories [Abstract]
At January 1,	€ (147,819)	€ (136,822)
Provisions	(59,558)	(28,561)	€ (29,600)
Utilizations and releases	27,708	22,707
Exchange differences and other changes	4,447	(5,143)
At December 31,	€ (175,222)	€ (147,819)	€ (136,822)

Trade receivables - Schedule of

Trade receivables - Schedule of breakdown for trade receivables (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Trade Receivable [Line Items]
Trade receivables	€ 247,138	€ 183,725
Loss allowance	(6,681)	(6,512)
Total trade receivables	240,457	177,213
At beginning of period	(6,512)	(6,643)
Provisions	(3,276)	(806)
Utilizations	285	131
Releases	2,829	645
Exchange differences and other	(7)	161
At end of period	(6,681)	(6,512)
EMEA
Disclosure of Trade Receivable [Line Items]
Total trade receivables	102,653	77,817
Italy
Disclosure of Trade Receivable [Line Items]
Total trade receivables	60,174	50,897
North America
Disclosure of Trade Receivable [Line Items]
Total trade receivables	38,636	24,523
United States
Disclosure of Trade Receivable [Line Items]
Total trade receivables	33,028	20,669
Latin America
Disclosure of Trade Receivable [Line Items]
Total trade receivables	8,936	5,770
APAC
Disclosure of Trade Receivable [Line Items]
Total trade receivables	90,232	69,103
Greater China Region
Disclosure of Trade Receivable [Line Items]
Total trade receivables	€ 61,990	€ 47,924

Trade receivables - Additional

Trade receivables - Additional Information (Details)	Dec. 31, 2023
Disclosure of Trade Receivable [Abstract]
Expected credit loss rate	100%

Derivative financial instrume_3

Derivative financial instruments - Schedule of Outstanding Hedges (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Current derivative financial assets	€ 11,110	€ 22,454
Current derivative financial liabilities	897	2,362
Derivatives
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Notional amount	729,781	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	595,819	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	133,962	320,000
At fair value
Disclosure Of Detailed Information About Hedging And Trading Derivatives [Line Items]
Current derivative financial assets	11,110	22,454
Current derivative financial liabilities	(897)	(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	6,371	13,075
Negative fair value held for hedging	(897)	(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	4,739	9,379
Negative fair value held for hedging	€ 0	€ 0

Derivative financial instrume_4

Derivative financial instruments - Schedule of Notional Amount of Foreign Exchange (Details) - Forward contracts - Financial Instruments Held For Hedging - Foreign currency exchange risk - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	€ 595,819	€ 481,110
Cash flow hedges
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	595,819	481,110
Cash flow hedges | USD
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	206,232	203,611
Cash flow hedges | CHF
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	0	8,145
Cash flow hedges | CNY
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	201,153	94,203
Cash flow hedges | GBP
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	54,282	36,984
Cash flow hedges | JPY
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	34,749	35,119
Cash flow hedges | HKD
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	31,735	59,160
Cash flow hedges | Other
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Notional amount	€ 67,668	€ 43,888

Derivative financial instrume_5

Derivative financial instruments - Schedule of Interest Rate Swap (IRS) Agreements (Details) - Interest rate swaps - Interest rate risk - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 4,739	€ 9,379
Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Notional amount	133,962	320,000
IRS 1 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 0	67
IRS 1 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Jan. 27, 2023
Fixed interest rate	0.27%
Notional amount	€ 0	20,000
IRS 2 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 0	45
IRS 2 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Feb. 08, 2023
Fixed interest rate	0.17%
Notional amount	€ 0	20,000
IRS 3 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 0	428
IRS 3 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Apr. 27, 2023
Fixed interest rate	0.26%
Notional amount	€ 0	50,000
IRS 4 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 0	676
IRS 4 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Aug. 03, 2023
Fixed interest rate	0.28%
Notional amount	€ 0	40,000
IRS 5 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 0	1,564
IRS 5 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Nov. 17, 2023
Fixed interest rate	0.34%
Notional amount	€ 0	60,000
IRS 6 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 2,190	3,775
IRS 6 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Apr. 15, 2024
Fixed interest rate	(0.24%)
Notional amount	€ 80,000	80,000
IRS 7 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 2,380	2,824
IRS 7 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Dec. 20, 2024
Fixed interest rate	0.01%
Notional amount	€ 50,000	50,000
IRS 8 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 128	0
IRS 8 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Sep. 30, 2027
Fixed interest rate	0.22%
Notional amount	€ 2,775	0
IRS 9 | At fair value
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Fair value	€ 41	0
IRS 9 | Financial Instruments Held For Hedging
Disclosure Of Detailed Information About Interest Rate Swap Contract [Line Items]
Maturity date	Dec. 31, 2025
Fixed interest rate	(0.15%)
Notional amount	€ 1,187	€ 0

Other current financial asset_2

Other current financial assets (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	€ 90,917	€ 320,894
At beginning of period	320,894
At end of period	90,917	320,894
FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	56,880	289,743
At beginning of period	289,743	308,532
Investments	29,716	25,188
Disposals	(264,825)	(39,637)
Fair value adjustments	1,053	(6,018)
Realized gains/(losses)	2,048	227
Exchange rate gains/(losses)	(855)	1,451
At end of period	56,880	289,743
FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	28,440	26,852
At beginning of period	26,852	25,712
Investments	3,884	5,000
Disposals	(3,001)	(2,500)
Fair value adjustments	259	(1,360)
Realized gains/(losses)	446	0
Exchange rate gains/(losses)	0	0
At end of period	28,440	26,852
Securities
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	85,320	316,595
At beginning of period	316,595	334,244
Investments	33,600	30,188
Disposals	(267,826)	(42,137)
Fair value adjustments	1,312	(7,378)
Realized gains/(losses)	2,494	227
Exchange rate gains/(losses)	(855)	1,451
At end of period	85,320	316,595
Proceeds from disposals	270,317
Guarantee deposits
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	5,431	2,075
At beginning of period	2,075
At end of period	5,431	2,075
Guarantee deposits | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Guarantee deposits | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Financial receivables
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	166	2,224
At beginning of period	2,224
At end of period	166	2,224
Financial receivables | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Financial receivables | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Private equity
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	22,399	18,311
At beginning of period	18,311
At end of period	22,399	18,311
Private equity | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	22,399	18,311
At beginning of period	18,311	15,925
Investments	3,035	6,230
Disposals	(802)	(7,533)
Fair value adjustments	2,266	3,282
Realized gains/(losses)	0	17
Exchange rate gains/(losses)	(411)	390
At end of period	22,399	18,311
Private equity | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Real estate funds
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	12,146	12,129
At beginning of period	12,129
At end of period	12,146	12,129
Real estate funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	12,146	12,129
At beginning of period	12,129	32,898
Investments	2,096	2,496
Disposals	0	(24,633)
Fair value adjustments	(1,887)	248
Realized gains/(losses)	0	800
Exchange rate gains/(losses)	(192)	320
At end of period	12,146	12,129
Real estate funds | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Private debt
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	10,106	13,644
At beginning of period	13,644
At end of period	10,106	13,644
Private debt | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	10,106	13,644
At beginning of period	13,644	7,945
Investments	1,001	5,201
Disposals	(4,224)	0
Fair value adjustments	(347)	498
Realized gains/(losses)	32	0
Exchange rate gains/(losses)	0	0
At end of period	10,106	13,644
Private debt | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Hedge funds
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	8,995	46,761
At beginning of period	46,761
At end of period	8,995	46,761
Hedge funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	8,995	46,761
At beginning of period	46,761	41,483
Investments	4,009	7,304
Disposals	(42,658)	0
Fair value adjustments	706	(2,631)
Realized gains/(losses)	264	0
Exchange rate gains/(losses)	(87)	605
At end of period	8,995	46,761
Hedge funds | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Money market funds | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	2,093	2,587
At beginning of period	2,587	2,007
Investments	18,578	966
Disposals	(19,038)	(370)
Fair value adjustments	(71)	77
Realized gains/(losses)	209	0
Exchange rate gains/(losses)	(172)	(93)
At end of period	2,093	2,587
Equity
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	1,141	14,592
At beginning of period	14,592
At end of period	1,141	14,592
Equity | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	1,141	14,592
At beginning of period	14,592	25,408
Investments	997	0
Disposals	(14,999)	(7,101)
Fair value adjustments	(159)	(3,354)
Realized gains/(losses)	703	(590)
Exchange rate gains/(losses)	7	229
At end of period	1,141	14,592
Equity | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	0
At beginning of period	0
At end of period	0	0
Insurance contracts | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	114,975
At beginning of period	114,975	113,919
Investments	0	0
Disposals	(115,485)	0
Fair value adjustments	545	1,056
Realized gains/(losses)	(35)	0
Exchange rate gains/(losses)	0	0
At end of period	0	114,975
Fixed income
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	11,748	73,127
At beginning of period	73,127
At end of period	11,748	73,127
Fixed income | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	64,017
At beginning of period	64,017	68,947
Investments	0	0
Disposals	(65,018)	0
Fair value adjustments	0	(4,930)
Realized gains/(losses)	1,001	0
Exchange rate gains/(losses)	0	0
At end of period	0	64,017
Fixed income | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	11,748	9,110
At beginning of period	9,110	5,025
Investments	3,884	5,000
Disposals	(1,996)	0
Fair value adjustments	304	(915)
Realized gains/(losses)	446	0
Exchange rate gains/(losses)	0	0
At end of period	11,748	9,110
Commodities
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets		2,727
At beginning of period	2,727
At end of period		2,727
Commodities | FVPL
Disclosure Of Other Current Financial Assets [Line Items]
Other current financial assets	0	2,727
At beginning of period	2,727	0
Investments	0	2,991
Disposals	(2,601)	0
Fair value adjustments	0	(264)
Realized gains/(losses)	(126)	0
Exchange rate gains/(losses)	0	0
At end of period	0	2,727
Commodities | FVOCI
Disclosure Of Other Current Financial Assets [Line Items]
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]
Other current financial assets	16,692	17,742
At beginning of period	17,742	20,687
Investments	0	0
Disposals	(1,005)	(2,500)
Fair value adjustments	(45)	(445)
Realized gains/(losses)	0	0
Exchange rate gains/(losses)	0	0
At end of period	€ 16,692	€ 17,742

Other current assets (Details)

Other current assets (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Current Assets [Abstract]
Other current assets	€ 95,260	€ 84,574

Cash and cash equivalents - Sch

Cash and cash equivalents - Schedule of Cash and Cash Equivalents (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Cash on hand	€ 3,275	€ 2,322
Bank balances	293,004	251,999
Total cash and cash equivalents	€ 296,279	€ 254,321	€ 459,791	€ 317,291

Cash and cash equivalents - Add

Cash and cash equivalents - Additional Information (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash held in China
Disclosure Of Cash And Cash Equivalents And Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	€ 22,549	€ 24,257
Cash held in Argentina
Disclosure Of Cash And Cash Equivalents And Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	€ 216	€ 233

Shareholder' equity - Additiona

Shareholder' equity - Additional Information (Details) € / shares in Units, € in Thousands			12 Months Ended
	Jul. 28, 2023 € / shares	Jul. 28, 2022 € / shares	Dec. 31, 2023 EUR (€) vote € / shares shares	Dec. 31, 2022 EUR (€) shares		Dec. 31, 2021 EUR (€) shares		Dec. 31, 2020 EUR (€)	[1]
Disclosure of reserves within equity [line items]
Reserves subject to restrictions on distributions			€ 17,856	€ 22,183
Reserves related to capitalized development costs			4,277	3,095
Total equity			€ 900,896	732,321	[1]	€ 644,304	[1]	€ 645,034
Number of shares issued (in shares) | shares			468,450
Par value per share (in EUR per share) | € / shares			€ 0.02
Dividends paid (in EUR per share) | € / shares	€ 0.10	€ 0.09
Dividends recognised as distributions to owners			€ 31,099	€ 26,039		€ 650
Ordinary shares
Disclosure of reserves within equity [line items]
Number of shares issued (in shares) | shares			302,704,726	296,943,659		296,943,659
Ordinary shares held in treasury
Disclosure of reserves within equity [line items]
Number of shares outstanding (in shares) | 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	€ 21,459
Thom Browne non-controlling interest shareholders | Non-controlling interests options reserve
Disclosure of reserves within equity [line items]
Other reserves			€ 162,066	€ 162,066
Special voting shares
Disclosure of reserves within equity [line items]
Number of shares issued (in shares) | shares			154,981,350	0		0
Share holding period for conversion			2 years
Number of votes per share | vote			1
Special Voting Shares B
Disclosure of reserves within equity [line items]
Share holding period for conversion			5 years
Number of votes per share | vote			4
Special Voting Shares C
Disclosure of reserves within equity [line items]
Share holding period for conversion			10 years
Number of votes per share | vote			9
Share capital
Disclosure of reserves within equity [line items]
Total equity			€ 9,154	€ 5,939	[1]	€ 5,939	[1]	4,300
Treasury shares
Disclosure of reserves within equity [line items]
Total equity			(436,622)	(451,174)	[1]	(455,000)	[1]	(76,624)
Total equity attributable to shareholders of the Parent Company
Disclosure of reserves within equity [line items]
Total equity			840,294	678,949	[1]	601,210	[1]	€ 601,764
Dividends recognised as distributions to owners			€ 25,031	€ 21,852		€ 102
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements.

Shareholder' equity - Schedule

Shareholder' equity - Schedule of changes in Share Capital, Share Premium and Number of Ordinary Shares and Special Voting Shares (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reserves within equity [line items]
Number of shares issued, end of period (in shares)	468,450
Aggregate purchase price	€ 3,654		€ 3,390
CEO 2022-2024 LTIP
Disclosure of reserves within equity [line items]
Number of shares issued, end of period (in shares)	588,000
CEO IPO Performance Share Units Plan
Disclosure of reserves within equity [line items]
Number of shares issued, end of period (in shares)	240,000
Zegna directors
Disclosure of reserves within equity [line items]
Number of shares issued, end of period (in shares)	450,000
Share Capital
Disclosure of reserves within equity [line items]
At beginning of period	€ 5,939	€ 5,939
Ordinary shares issued to warrant holders	115
Special Voting Shares A issued	3,100
At end of period	9,154	5,939	5,939
Share premium
Disclosure of reserves within equity [line items]
At beginning of period	721,187	721,187
Ordinary shares issued to warrant holders	64,500
Special Voting Shares A issued	(3,100)
At end of period	€ 782,587	€ 721,187	€ 721,187
Outstanding ordinary shares
Disclosure of reserves within equity [line items]
Number of shares issued, beginning of period (in shares)	242,802,746	242,343,659
Ordinary shares issued to warrant holders (in shares)	5,761,067	1
Ordinary shares assigned under share-based payments (in shares)	1,746,450	459,086
Number of shares issued, end of period (in shares)	250,310,263	242,802,746	242,343,659
Ordinary shares held in treasury
Disclosure of reserves within equity [line items]
Number of shares issued, beginning of period (in shares)	54,140,913	54,600,000
Ordinary shares issued to warrant holders (in shares)		(1)
Ordinary shares assigned under share-based payments (in shares)	(1,746,450)	(459,086)
Number of shares issued, end of period (in shares)	52,394,463	54,140,913	54,600,000
Total ordinary shares
Disclosure of reserves within equity [line items]
Number of shares issued, beginning of period (in shares)	296,943,659	296,943,659
Ordinary shares issued to warrant holders (in shares)	5,761,067
Number of shares issued, end of period (in shares)	302,704,726	296,943,659	296,943,659
Special voting shares
Disclosure of reserves within equity [line items]
Number of shares issued, beginning of period (in shares)	0	0
Special voting shares A issued (in shares)	154,981,350
Number of shares issued, end of period (in shares)	154,981,350	0	0

Shareholder' equity - Schedul_2

Shareholder' equity - Schedule of Share-Based Compensation (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reserves within equity [line items]
Other reserves	€ (153,996)	€ (169,732)
Share-based payments reserve
Disclosure of reserves within equity [line items]
Other reserves	96,008	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	€ (66,479)	€ (74,764)

Non-controlling interests (Deta

Non-controlling interests (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	[1]
Disclosure of subsidiaries [line items]
Group’s percentage interest	90%
Total assets	€ 2,767,011	€ 2,426,727
Total equity	900,896	732,321	[1]	€ 644,304	[1]	€ 645,034
Net revenues	1,904,549	1,492,840	[2]	1,292,402	[2]
Profit/(Loss)	€ 135,661	€ 65,279	[2]	€ (127,661)	[2]
Thom Browne Inc. | Subsidiaries with material non-controlling interests | USD
Disclosure of subsidiaries [line items]
Name of subsidiary	Thom Browne Inc.	Thom Browne Inc.
Group’s percentage interest	90%	90%
Non- controlling interest percentage	10%	10%
Functional currency	USD	USD
Total assets	€ 378,736	€ 298,901
Total equity	199,275	146,879
Net revenues	411,192	348,445
Profit/(Loss)	49,988	43,277
Dividends paid to non- controlling shareholders	€ 0	€ (2,000)
Ermenegildo Zegna Vietnam LLC | Subsidiaries with material non-controlling interests | VTD
Disclosure of subsidiaries [line items]
Name of subsidiary	Ermenegildo Zegna Vietnam LLC	Ermenegildo Zegna Vietnam LLC
Group’s percentage interest	90%	90%
Non- controlling interest percentage	10%	10%
Functional currency	VTD	VTD
Total assets	€ 42,201,273	€ 59,373,311
Total equity	27,134,951	21,638,614
Net revenues	40,281,928	45,647,540
Profit/(Loss)	5,446,184	7,913,295
Dividends paid to non- controlling shareholders	€ 0	€ 0
Ermenegildo Zegna Madrid S.A. | Subsidiaries with material non-controlling interests | EUR
Disclosure of subsidiaries [line items]
Name of subsidiary	Ermenegildo Zegna Madrid S.A.	Ermenegildo Zegna Madrid S.A.
Group’s percentage interest	70%	70%
Non- controlling interest percentage	30%	30%
Functional currency	EUR	EUR
Total assets	€ 4,591	€ 3,718
Total equity	1,811	1,741
Net revenues	5,412	3,838
Profit/(Loss)	34	120
Dividends paid to non- controlling shareholders	€ 0	€ (90)
Gruppo Dondi S.p.A. | Subsidiaries with material non-controlling interests | EUR
Disclosure of subsidiaries [line items]
Name of subsidiary	Gruppo Dondi S.p.A.	Gruppo Dondi S.p.A.
Group’s percentage interest	65%	65%
Non- controlling interest percentage	35%	35%
Functional currency	EUR	EUR
Total assets	€ 39,369	€ 39,469
Total equity	22,387	20,507
Net revenues	44,588	47,655
Profit/(Loss)	3,935	4,901
Dividends paid to non- controlling shareholders	€ (708)	€ (1,113)
E. Z. Thai Holding Ltd | Subsidiaries with material non-controlling interests | THB
Disclosure of subsidiaries [line items]
Name of subsidiary	E. Z. Thai Holding Ltd	E. Z. Thai Holding Ltd
Group’s percentage interest	49%	49%
Non- controlling interest percentage	51%	51%
Functional currency	THB	THB
Total assets	€ 12,338	€ 12,669
Total equity	(264)	19
Net revenues	0	0
Profit/(Loss)	(283)	(309)
Dividends paid to non- controlling shareholders	€ 0	€ 0
Bonotto S.p.A. | Subsidiaries with material non-controlling interests | EUR
Disclosure of subsidiaries [line items]
Name of subsidiary	Bonotto S.p.A.	Bonotto S.p.A.
Group’s percentage interest	60%	60%
Non- controlling interest percentage	40%	40%
Functional currency	EUR	EUR
Total assets	€ 25,596	€ 23,739
Total equity	10,974	9,431
Net revenues	25,657	24,552
Profit/(Loss)	2,709	2,075
Dividends paid to non- controlling shareholders	€ (451)	€ (797)
Tessitura Ubertino S.r.l. | Subsidiaries with material non-controlling interests | EUR
Disclosure of subsidiaries [line items]
Name of subsidiary	Tessitura Ubertino S.r.l.	Tessitura Ubertino S.r.l.
Group’s percentage interest	60%	60%
Non- controlling interest percentage	40%	40%
Functional currency	EUR	EUR
Total assets	€ 8,404	€ 8,351
Total equity	4,863	4,921
Net revenues	11,051	10,245
Profit/(Loss)	1,479	983
Dividends paid to non- controlling shareholders	€ (600)	€ (312)
Cappellificio Cervo S.r.l. | Subsidiaries with material non-controlling interests | EUR
Disclosure of subsidiaries [line items]
Name of subsidiary	Cappellificio Cervo S.r.l.	Cappellificio Cervo S.r.l.
Group’s percentage interest	51%	51%
Non- controlling interest percentage	49%	49%
Functional currency	EUR	EUR
Total assets	€ 2,186	€ 1,630
Total equity	938	864
Net revenues	3,281	2,371
Profit/(Loss)	119	85
Dividends paid to non- controlling shareholders	€ (11)	€ 0
Zegna South Asia Private LTD | Subsidiaries with material non-controlling interests | INR
Disclosure of subsidiaries [line items]
Name of subsidiary	Zegna South Asia Private LTD	Zegna South Asia Private LTD
Group’s percentage interest	51%	51%
Non- controlling interest percentage	49%	49%
Functional currency	INR	INR
Total assets	€ 732,458	€ 590,989
Total equity	271,079	199,864
Net revenues	473,553	395,827
Profit/(Loss)	71,215	76,155
Dividends paid to non- controlling shareholders	€ 0	€ 0
Zegna Gulf Trading LLC | Subsidiaries with material non-controlling interests | AED
Disclosure of subsidiaries [line items]
Name of subsidiary	Zegna Gulf Trading LLC	Zegna Gulf Trading LLC
Group’s percentage interest	49%	49%
Non- controlling interest percentage	51%	51%
Functional currency	AED	AED
Total assets	€ 193,655	€ 140,841
Total equity	79,300	53,895
Net revenues	250,244	191,749
Profit/(Loss)	60,856	52,806
Dividends paid to non- controlling shareholders	€ (17,150)	€ 0
The Italian Fashion Co. LTD | Subsidiaries with material non-controlling interests | THB
Disclosure of subsidiaries [line items]
Name of subsidiary	The Italian Fashion Co. LTD	The Italian Fashion Co. LTD
Group’s percentage interest	65%	65%
Non- controlling interest percentage	35%	35%
Functional currency	THB	THB
Total assets	€ 238,912	€ 198,556
Total equity	(2,053)	(16,584)
Net revenues	255,389	190,048
Profit/(Loss)	14,880	11,015
Dividends paid to non- controlling shareholders	€ 0	€ 0
Zegna for Retail of Readymade and Novelty Clothes W.L.L. | Subsidiaries with material non-controlling interests | KUWAIT
Disclosure of subsidiaries [line items]
Name of subsidiary	Zegna for Retail of Readymade and Novelty Clothes W.L.L.
Group’s percentage interest	49%
Non- controlling interest percentage	51%
Functional currency	KWD
Total assets	€ 1,439
Total equity	384
Net revenues	791
Profit/(Loss)	(227)
Dividends paid to non- controlling shareholders	€ 0
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements. (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Borrowings - Schedule of Non-cu

Borrowings - Schedule of Non-current and Current Borrowings (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	€ 471,055	€ 628,938
Business combinations	29,890	0
Repayments	(306,150)	(159,719)
Proceeds	204,424	0
Other	3,403	1,836
At end of period	402,622	471,055
Non-current	113,285	184,880
Current	289,337	286,175
Committed loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	470,627	578,213
Business combinations	21,258	0
Repayments	(298,256)	(109,422)
Proceeds	119,924	0
Other	3,403	1,836
At end of period	316,956	470,627
Non-current	113,244	184,661
Current	203,712	285,966
Other financial loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
At beginning of period	428	50,725
Business combinations	8,632	0
Repayments	(7,894)	(50,297)
Proceeds	84,500	0
Other	0	0
At end of period	85,666	428
Non-current	41	219
Current	€ 85,625	€ 209

Borrowings - Schedule of Repaym

Borrowings - Schedule of Repayment Schedule for Borrowings (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	€ 402,622	€ 471,055
Expiry within 1 year
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	289,337	286,175
Year 2
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	84,977	137,417
Year 3
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	19,670	35,395
Year 4
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	4,586	3,994
Year 5 and beyond
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	4,052	8,074
Committed loans
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	316,956	470,627
Committed loans | Expiry within 1 year
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	203,712	285,966
Committed loans | Year 2
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	84,936	137,206
Committed loans | Year 3
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	19,670	35,387
Committed loans | Year 4
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	4,586	3,994
Committed loans | Year 5 and beyond
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	4,052	8,074
Other financial liabilities
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	85,666	428
Other financial liabilities | Expiry within 1 year
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	85,625	209
Other financial liabilities | Year 2
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	41	211
Other financial liabilities | Year 3
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	0	8
Other financial liabilities | Year 4
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	0	0
Other financial liabilities | Year 5 and beyond
Disclosure In Tabular Form Of Repayment Schedule For Borrowings [Line Items]
Borrowings	€ 0	€ 0

Borrowings - Schedule of Detail

Borrowings - Schedule of Details of Borrowings (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Current borrowings	€ 289,337	€ 286,175
Non-current borrowings	113,285	184,880
Fixed interest rate
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Current borrowings	70,413	85,447
Non-current borrowings	47,611	50,193
Variable interest rate
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Current borrowings	218,924	200,728
Non-current borrowings	€ 65,674	€ 134,687
Fixed interest rate | Co.Ti Service S.A. | 0.75 % expiring August 2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Co.Ti Service S.A.
Interest rate	Fixed
Fixed interest rate	0.75%
Expiry date	August 2025
Current borrowings	€ 0
Non-current borrowings	€ 20,000
Fixed interest rate | Co.Ti Service S.A. | 0.75% expiring April 2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Co.Ti Service S.A.
Interest rate	Fixed
Fixed interest rate	0.75%
Expiry date	April 2025
Current borrowings	€ 0
Non-current borrowings	€ 10,000
Fixed interest rate | Co.Ti Service S.A. | 0.75% Maturing 3/2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Co.Ti Service S.A.
Interest rate		Fixed
Fixed interest rate		0.75%
Expiry date		March 2025
Current borrowings		€ 0
Non-current borrowings		€ 20,000
Fixed interest rate | Co.Ti Service S.A. | 0.75% Maturing 4/2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Co.Ti Service S.A.
Interest rate		Fixed
Fixed interest rate		0.75%
Expiry date		April 2025
Current borrowings		€ 0
Non-current borrowings		€ 10,000
Fixed interest rate | Ermenegildo Zegna NV | 0.73% expiring September 2028
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Fixed
Fixed interest rate	0.73%
Expiry date	September 2028
Current borrowings	€ 3,979
Non-current borrowings	€ 16,034
Fixed interest rate | Ermenegildo Zegna NV | 4.00% expiring February 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Fixed
Fixed interest rate	4%
Expiry date	February 2024
Current borrowings	€ 15,123
Non-current borrowings	€ 0
Fixed interest rate | Ermenegildo Zegna NV | 4.05% expiring March 2024-1
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Fixed
Fixed interest rate	4.05%
Expiry date	March 2024
Current borrowings	€ 35,122
Non-current borrowings	€ 0
Fixed interest rate | Ermenegildo Zegna NV | 4.05% expiring March 2024-2
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Fixed
Fixed interest rate	4.05%
Expiry date	March 2024
Current borrowings	€ 15,052
Non-current borrowings	€ 0
Fixed interest rate | Ermenegildo Zegna NV | 0.0077% Maturing 3/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Fixed
Fixed interest rate		0.77%
Expiry date		March 2023
Current borrowings		€ 15,000
Non-current borrowings		€ 0
Fixed interest rate | Ermenegildo Zegna NV | 0.0049% Maturing 4/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Fixed
Fixed interest rate		0.49%
Expiry date		April 2023
Current borrowings		€ 50,042
Non-current borrowings		€ 0
Fixed interest rate | Ermenegildo Zegna NV | 1.22% Maturing 11/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Fixed
Fixed interest rate		1.22%
Expiry date		November 2023
Current borrowings		€ 20,000
Non-current borrowings		€ 0
Fixed interest rate | Ermenegildo Zegna NV | 0.73% Maturing 9/2028
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Fixed
Fixed interest rate		0.73%
Expiry date		September 2028
Current borrowings		€ 33
Non-current borrowings		€ 19,973
Fixed interest rate | Lanificio Ermenegildo Zegna e Figli S.p.A | 1.35% Maturing 6/2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Lanificio Ermenegildo Zegna e Figli S.p.A.	Lanificio Ermenegildo Zegna e Figli S.p.A.
Interest rate	Fixed	Fixed
Fixed interest rate	1.35%	1.35%
Expiry date	June 2024	June 2024
Current borrowings	€ 109	€ 194
Non-current borrowings	€ 31	€ 195
Fixed interest rate | Tom Ford Distribution S.r.l. | 1.57% expiring October 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Fixed
Fixed interest rate	1.57%
Expiry date	October 2026
Current borrowings	€ 124
Non-current borrowings	€ 232
Fixed interest rate | Tom Ford Distribution S.r.l. | 2.20% expiring June 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Fixed
Fixed interest rate	2.20%
Expiry date	June 2026
Current borrowings	€ 143
Non-current borrowings	€ 220
Fixed interest rate | Tom Ford Distribution S.r.l. | 1.60% expiring January 2027
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Fixed
Fixed interest rate	1.60%
Expiry date	January 2027
Current borrowings	€ 101
Non-current borrowings	€ 217
Fixed interest rate | Tom Ford Distribution S.r.l. | 2.02% expiring November 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Fixed
Fixed interest rate	2.02%
Expiry date	November 2026
Current borrowings	€ 124
Non-current borrowings	€ 255
Fixed interest rate | Pelletteria Tizeta S.r.l | 2.02% expiring October 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Pelletteria Tizeta S.r.l.
Interest rate	Fixed
Fixed interest rate	2.02%
Expiry date	October 2026
Current borrowings	€ 99
Non-current borrowings	€ 204
Fixed interest rate | Pelletteria Tizeta S.r.l | 1.58% expiring July 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Pelletteria Tizeta S.r.l.
Interest rate	Fixed
Fixed interest rate	1.58%
Expiry date	July 2026
Current borrowings	€ 124
Non-current borrowings	€ 201
Fixed interest rate | Pelletteria Tizeta S.r.l | 1.63% expiring August 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Pelletteria Tizeta S.r.l.
Interest rate	Fixed
Fixed interest rate	1.63%
Expiry date	August 2026
Current borrowings	€ 122
Non-current borrowings	€ 207
Fixed interest rate | Other
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Other borrowings
Interest rate	Fixed
Expiry date	Up to 2029
Current borrowings	€ 191
Non-current borrowings	€ 10
Fixed interest rate | Other | Bottom of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Fixed interest rate	0.05%
Fixed interest rate | Other | Top of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Fixed interest rate	0.49%
Fixed interest rate | Other | Other Borrowings
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Other borrowings
Interest rate		Fixed
Expiry date		Up to 2029
Current borrowings		€ 178
Non-current borrowings		€ 25
Fixed interest rate | Other | Other Borrowings | Bottom of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Fixed interest rate		0.05%
Fixed interest rate | Other | Other Borrowings | Top of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Fixed interest rate		0.49%
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.6% expiring December 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.60%
Expiry date	December 2024
Current borrowings	€ 50,808
Non-current borrowings	€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.81% expiring April 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.81%
Expiry date	April 2024
Current borrowings	€ 81,351
Non-current borrowings	€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 1.48% Maturing 1/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		1.48%
Expiry date		January 2023
Current borrowings		€ 20,099
Non-current borrowings		€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.80% Maturing 2/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.80%
Expiry date		February 2023
Current borrowings		€ 20,000
Non-current borrowings		€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 1.05% Maturing 8/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		1.05%
Expiry date		August 2023
Current borrowings		€ 40,168
Non-current borrowings		€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.75% Maturing 11/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.78%
Expiry date		November 2023
Current borrowings		€ 60,139
Non-current borrowings		€ 0
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.81% Maturing 4/2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.81%
Expiry date		April 2024
Current borrowings		€ 409
Non-current borrowings		€ 79,986
Variable Interest Rate, IRS | Ermenegildo Zegna NV | 0.60% Maturing 12/2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.60%
Expiry date		December 2024
Current borrowings		€ 200
Non-current borrowings		€ 49,951
Variable Interest Rate, IRS | Tom Ford Distribution S.r.l. | 3.09% expiring September 2027
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Variable
Fixed interest rate	3.09%
Expiry date	September 2027
Current borrowings	€ 716
Non-current borrowings	€ 2,035
Variable Interest Rate, IRS | Pelletteria Tizeta S.r.l | 1.39% expiring December 2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Pelletteria Tizeta S.r.l.
Interest rate	Variable
Fixed interest rate	1.39%
Expiry date	December 2025
Current borrowings	€ 591
Non-current borrowings	€ 595
Variable Interest Rate, Euribor 1m | Ermenegildo Zegna NV | 0.79% expiring May 2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.79%
Expiry date	May 2025
Current borrowings	€ 3,331
Non-current borrowings	€ 1,494
Variable Interest Rate, Euribor 1m | Ermenegildo Zegna NV | 0.05% expiring February 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.05%
Expiry date	February 2024
Current borrowings	€ 19,592
Non-current borrowings	€ 0
Variable Interest Rate, Euribor 1m | Ermenegildo Zegna NV | 0.76% Maturing 5/2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.77%
Expiry date		May 2025
Current borrowings		€ 3,324
Non-current borrowings		€ 4,750
Variable Interest Rate, Euribor 1m | Tom Ford Distribution S.r.l. | 0.45% expiring January 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Variable
Fixed interest rate	0.45%
Expiry date	January 2024
Current borrowings	€ 1,000
Non-current borrowings	€ 0
Variable Interest Rate, Euribor 3m | Ermenegildo Zegna NV | 0.60% expiring February 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.60%
Expiry date	February 2024
Current borrowings	€ 20,078
Non-current borrowings	€ 0
Variable Interest Rate, Euribor 3m | Ermenegildo Zegna NV | 0.80% expiring February 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.80%
Expiry date	February 2024
Current borrowings	€ 40,234
Non-current borrowings	€ 0
Variable Interest Rate, Euribor 3m | Tom Ford Distribution S.r.l. | 0.80% expiring September 2024
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Variable
Fixed interest rate	0.80%
Expiry date	September 2024
Current borrowings	€ 384
Non-current borrowings	€ 0
Variable Interest Rate, Euribor 3m | Tom Ford Distribution S.r.l. | 1.48% expiring November 2026-1
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Variable
Fixed interest rate	1.48%
Expiry date	November 2026
Current borrowings	€ 199
Non-current borrowings	€ 408
Variable Interest Rate, Euribor 3m | Tom Ford Distribution S.r.l. | 1.48% expiring November 2026-2
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Tom Ford Distribution S.r.l.
Interest rate	Variable
Fixed interest rate	1.48%
Expiry date	November 2026
Current borrowings	€ 399
Non-current borrowings	€ 815
Variable Interest Rate, Euribor 6m | Ermenegildo Zegna NV | 0.77% expiring December 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.77%
Expiry date	December 2026
Current borrowings	€ 33
Non-current borrowings	€ 19,988
Variable Interest Rate, Euribor 6m | Ermenegildo Zegna NV | 0.97 % expiring December 2025
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Ermenegildo Zegna N.V.
Interest rate	Variable
Fixed interest rate	0.97%
Expiry date	December 2025
Current borrowings	€ 13
Non-current borrowings	€ 39,971
Variable Interest Rate, Euribor 6m | Ermenegildo Zegna NV | 0.75% Maturing 5/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.75%
Expiry date		May 2023
Current borrowings		€ 45,139
Non-current borrowings		€ 0
Variable Interest Rate, Euribor 6m | Ermenegildo Zegna NV | 0.83% Maturing 6/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.86%
Expiry date		June 2023
Current borrowings		€ 6,250
Non-current borrowings		€ 0
Variable Interest Rate, Euribor 6m | Ermenegildo Zegna NV | 0.75% Maturing 11/2023
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower		Ermenegildo Zegna N.V.
Interest rate		Variable
Fixed interest rate		0.78%
Expiry date		November 2023
Current borrowings		€ 5,000
Non-current borrowings		€ 0
Variable Interest Rate, Euribor 6m | Pelletteria Tizeta S.r.l | 1.65% expiring September 2026
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrower	Pelletteria Tizeta S.r.l.
Interest rate	Variable
Fixed interest rate	1.65%
Expiry date	September 2026
Current borrowings	€ 195
Non-current borrowings	€ 368

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrowings	€ 402,622	€ 471,055
Proceeds from borrowings	204,424	0	€ 123,570
Revolving Lines
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Borrowings	335,000	€ 240,000
Term of borrowings		7 years
ESG target affecting interest rate, raw materials value	190,000
ESG target affecting interest rate, raw materials, as a percent		50%
ESG target affecting interest rate, renewable energy, as a percent		100%
Proceeds from borrowings	€ 40,000
Revolving Lines | Bottom of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Term of borrowings	5 years
Revolving Lines | Top of range
Disclosure In Tabular Form Of Details Of Borrowings [Line Items]
Term of borrowings	7 years

Other current and non-current_4

Other current and non-current financial liabilities - Schedule of Breakdown for Other Non-Current Financial Liabilities (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	€ 136,466	€ 178,766
Other	90	27
Other non-current financial liabilities	136,556	178,793
Written put options on non-controlling interests	22,102	0
Warrant liabilities	0	37,258
Other current financial liabilities	22,102	37,258
Total	158,658	216,051
Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	116,456	155,551
Written put options on non-controlling interests	22,102	0
Dondi
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests	€ 20,010	€ 23,215

Other current and non-current_5

Other current and non-current financial liabilities - Additional Information (Details) $ / shares in Units, € in Thousands			1 Months Ended	12 Months Ended
	Feb. 27, 2023 USD ($) shares $ / shares	Dec. 17, 2021 EUR (€)	Jun. 30, 2021 EUR (€)	Dec. 31, 2023 EUR (€) tranche	Dec. 31, 2022 EUR (€) shares	Dec. 31, 2021 EUR (€)
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Consideration paid in cash				€ 117,686	€ 585	€ 4,224
Group’s percentage interest				90%
Written put options on non-controlling interests				€ 136,466	178,766
Proceeds from the exercise of warrants				4,409	0	0
Number of shares issued (in shares) | shares	5,761,067
Redemption of warrants		€ 455,000		0	0	€ 455,000
Written put options on non-controlling interests				22,102	€ 0
Thom Browne | Subsidiaries
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Percentage of additional interest acquired in subsidiary			5%
Consideration paid in cash			€ 30,653
Group’s percentage interest			90%
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
Warrants
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Number of warrants exercised (in shares) | shares	408,667
Exercise price of warrants (in USD per share) | $ / shares	$ 11.50
Proceeds from the exercise of warrants | $	$ 4,700,000
Number of warrants exercised on 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, cash	2%
Percent of outstanding warrants exercised, cashless basis	96%
Number of other equity instruments outstanding (in shares) | shares	385,123
Redemption of warrants | $	$ 38,500
Non-controlling interests options reserve | Thom Browne non-controlling interest shareholders
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Other reserves				€ 162,066	€ 162,066
Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests				10%
Written put options on non-controlling interests				€ 138,558
Written put options on non-controlling interests				116,456	155,551
Written put options on non-controlling interests				22,102	0
Dondi
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Written put options on non-controlling interests				€ 20,010	€ 23,215
Written put options | Thom Browne
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests				15%
Written put options | Thom Browne | Tranche one
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests				2%
Written put options | Thom Browne | Tranche two
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests				5%
Written put options | Thom Browne | Tranche three
Disclosure Of Other NonCurrent Financial Liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests				3%
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				3
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 - Schedule of

Lease liabilities - Schedule of Breakdown for Lease Liabilities (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Lease Liabilities Arising From Financing Activities [Line Items]
Balance at beginning of period	€ 443,507	€ 438,052
Interest expense	17,030	9,882	€ 8,982
Repayment of lease liabilities (including interest expense)	204,424	0
Business combinations	29,890	0
Balance at end of period	593,725	443,507	€ 438,052
Non-current	19,849	19,581
Current	16,019	13,969
Lease liabilities
Disclosure Of Lease Liabilities Arising From Financing Activities [Line Items]
Interest expense	17,030	9,882
Repayment of lease liabilities (including interest expense)	(142,762)	(124,321)
Business combinations	160,869	0
IFRS 16 lease amendment: lease renegotiation	0	(7,194)
Additions due to new leases and store renewals	142,005	140,875
Decrease of lease liabilities due to store closures	(14,750)	(21,726)
Translation differences	(12,174)	7,939
Non-current	471,083	332,050
Current	€ 122,642	€ 111,457

Lease liabilities - Schedule _2

Lease liabilities - Schedule of Lease Liabilities by Maturity Date (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	€ 593,725	€ 443,507	€ 438,052
Year 1 | Discounted cash flow
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	122,642	111,457
Year 2 | Discounted cash flow
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	102,631	91,081
Year 3 | Discounted cash flow
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	82,248	62,502
Year 4 | Discounted cash flow
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	68,876	46,528
Beyond | Discounted cash flow
Disclosure Of Maturity Analysis Of Lease Liabilities [Line Items]
Lease liabilities	€ 217,328	€ 131,939

Provisions for risks and char_3

Provisions for risks and charges - Additional Information (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other provisions [abstract]
Provisions	€ 35,868	€ 33,550

Provisions for risks and char_4

Provisions for risks and charges - Schedule of Movement of the Provision for Risks and Charges (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other provisions [line items]
Beginning balance	€ 33,550
Current	16,019	€ 13,969
Non-current	19,849	19,581
Provisions	11,545
Releases	(4,596)
Utilizations	(6,720)
Exchange differences	(1,174)
Business Combination	3,504
Reclassifications and other	(241)
Ending balance	35,868
Legal and fiscal risks
Disclosure of other provisions [line items]
Beginning balance	664
Current	136	0
Non-current	634	664
Provisions	390
Releases	(159)
Utilizations	(119)
Exchange differences	43
Business Combination	0
Reclassifications and other	(49)
Ending balance	770
Leased store restoration
Disclosure of other provisions [line items]
Beginning balance	14,808
Current	672	909
Non-current	16,133	13,899
Provisions	2,782
Releases	(1,533)
Utilizations	(1,515)
Exchange differences	(966)
Business Combination	3,254
Reclassifications and other	(25)
Ending balance	16,805
Refund liability returns
Disclosure of other provisions [line items]
Beginning balance	9,546
Current	13,092	9,546
Non-current	0	0
Provisions	8,373
Releases	(94)
Utilizations	(4,547)
Exchange differences	(282)
Business Combination	250
Reclassifications and other	(154)
Ending balance	13,092
Other provisions
Disclosure of other provisions [line items]
Beginning balance	8,532
Current	2,119	3,514
Non-current	3,082	€ 5,018
Provisions	0
Releases	(2,810)
Utilizations	(539)
Exchange differences	31
Business Combination	0
Reclassifications and other	(13)
Ending balance	€ 5,201

Employee benefits - Summary of

Employee benefits - Summary of Breakdown of Employee Benefits (Detail) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of defined benefit plans [line items]
Total employee benefits	€ 29,645	€ 51,584
Italian leaving indemnities (TFR)
Disclosure of defined benefit plans [line items]
Total employee benefits	10,507	7,613
Other leaving indemnities
Disclosure of defined benefit plans [line items]
Total employee benefits	10,392	10,486
Post-employment benefits
Disclosure of defined benefit plans [line items]
Total employee benefits	7,247	5,675
Other long-term employee benefits
Disclosure of defined benefit plans [line items]
Total employee benefits	1,165	1,469
Termination benefits
Disclosure of defined benefit plans [line items]
Total employee benefits	334	311
Total defined benefit obligations
Disclosure of defined benefit plans [line items]
Total employee benefits	29,645	25,554
Other long-term payables to employees
Disclosure of defined benefit plans [line items]
Total employee benefits	€ 0	€ 26,030

Employee benefits - Summary o_2

Employee benefits - Summary of Changes in Defined Benefit Obligations (Detail) - Noncurrent recognized liabilities, defined benefit plan - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of net defined benefit liability (asset) [line items]
Beginning balance	€ 25,554	€ 32,029
Changes through statement of profit and loss
Changes through statement of profit and loss	5,236	3,280
- of which: Service cost	4,342	3,018
- of which: Financial charges	894	262
Changes through statement of comprehensive income
Changes through statement of comprehensive income and loss	(1,838)	(755)
- of which: Actuarial (gain)/loss	(1,376)	(1,220)
- of which: Translation differences	(462)	465
Benefits paid	(2,566)	(8,676)
Business Combination	3,259	0
Reclassifications and other	0	(324)
Ending balance	€ 29,645	€ 25,554

Employee benefits - Summary o_3

Employee benefits - Summary of Main Financial Assumptions Used in Determining the Present Value of the TFR and Other Leaving Indemnities (Detail)	Dec. 31, 2023	Dec. 31, 2022
Spain
Disclosure of net defined benefit liability (asset) [line items]
Inflation rate	2%	1%
Bottom of range | Italy
Disclosure of net defined benefit liability (asset) [line items]
Discount rate	2.90%	3.60%
Inflation rate	2%	2%
Turn-over rate	1%	0.50%
Bottom of range | Spain
Disclosure of net defined benefit liability (asset) [line items]
Discount rate	3%	3.70%
Turn-over rate	4%	2.50%
Bottom of range | China
Disclosure of net defined benefit liability (asset) [line items]
Discount rate	2.60%	2.80%
Inflation rate	1.50%	5.50%
Turn-over rate	2%	3.50%
Top of range | Italy
Disclosure of net defined benefit liability (asset) [line items]
Discount rate	3.40%	3.80%
Inflation rate	3%	3%
Turn-over rate	10%	7.90%
Top of range | Spain
Disclosure of net defined benefit liability (asset) [line items]
Discount rate	3.30%	3.80%
Turn-over rate	5%	4%
Top of range | China
Disclosure of net defined benefit liability (asset) [line items]
Discount rate		2.90%
Inflation rate	9%	8%
Turn-over rate	4.50%	5.50%

Employee benefits - Summary o_4

Employee benefits - Summary of Main Assumptions for Quantitative Sensitivity Analysis (Detail) - EUR (€)	Dec. 31, 2023	Dec. 31, 2022
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ (0.0797)	€ (0.0720)
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption	0.0854	0.0770
Increase (decrease) in service cost due to reasonably possible increase in actuarial assumption	(0.0107)	(0.0109)
Increase (decrease) in service cost due to reasonably possible decrease in actuarial assumption	0.0116	0.0060
Inflation rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	0.0728	0.0680
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption	(0.0689)	(0.0645)
Increase (decrease) in service cost due to reasonably possible increase in actuarial assumption	0.0113	0.0061
Increase (decrease) in service cost due to reasonably possible decrease in actuarial assumption	(0.0105)	(0.0111)
Turn-over rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	0.2209	0.2511
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption	(0.3292)	(0.3708)
Increase (decrease) in service cost due to reasonably possible increase in actuarial assumption	0.0381	0.0372
Increase (decrease) in service cost due to reasonably possible decrease in actuarial assumption	€ (0.0570)	€ (0.0582)

Employee benefits - Additional

Employee benefits - Additional Information (Detail) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Employee Benefits [Line Items]
Bonuses earned by senior management			€ 24,855
Equity settled share based payments
Employee Benefits [Line Items]
Other long-term employee benefits | $		$ 7,500
Share-based compensation expense	€ 6,562
Italian leaving indemnities (TFR)
Employee Benefits [Line Items]
Weighted average duration of defined benefit obligation	8 years 8 months 12 days	8 years 8 months 12 days	7 years 9 months 18 days
Leaving indemnities | China
Employee Benefits [Line Items]
Weighted average duration of defined benefit obligation	9 years 10 months 24 days	9 years 10 months 24 days	10 years 6 months
Leaving indemnities | Spain
Employee Benefits [Line Items]
Weighted average duration of defined benefit obligation	9 years 8 months 12 days	9 years 8 months 12 days	8 years 2 months 12 days

Trade payables and customer a_3

Trade payables and customer advances - Summary of Breakdown for Trade Payables and Customer Advances (Detail) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Trade Payables and Customer Advances [Abstract]
Trade payables	€ 261,099	€ 220,789
Customer advances	53,038	50,147
Total trade payables including customer advances	€ 314,137	€ 270,936

Other current and non-current_6

Other current and non-current liabilities - Breakdown for Other Current Liabilities (Detail) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Current Liabilities [Abstract]
Due to employees	€ 90,864	€ 44,705
VAT and other taxes	25,100	15,102
Accrued expenses	28,512	23,162
Social security institutions	21,260	11,660
Deferred income	9,790	7,650
Other current liabilities	29,487	16,549
Total other current liabilities	205,013	118,828
Other non-current liabilities	9,689	0
Total other non-current liabilities	€ 9,689	€ 0

Other current and non-current_7

Other current and non-current liabilities - Additional Information (Detail) - EUR (€) € in Thousands		12 Months Ended
	Jul. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2025	Dec. 31, 2024
Disclosure of financial liabilities [line items]
Bonuses earned by senior management			€ 24,855
Portion of earn-out payment payable (as a percent)		50%	50%
Consideration paid in cash		€ 117,686	€ 585	€ 4,224
CGU Thom Browne Korea Ltd.
Disclosure of financial liabilities [line items]
Contingent consideration	€ 18,583	€ 18,991
Consideration paid in cash	€ (7,991)
Forecast | CGU Thom Browne Korea Ltd.
Disclosure of financial liabilities [line items]
Contingent consideration					€ 9,689	€ 9,302

Fair value measurement - Summar

Fair value measurement - Summary of Financial Assets (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Financial assets	€ 672,661	€ 811,122
Other current financial assets	90,917	320,894
Level 1
Disclosure of financial assets [line items]
Financial assets	29,581	30,076
Other current financial assets	29,581	30,076
Level 2
Disclosure of financial assets [line items]
Financial assets	585,949	565,319
Other current financial assets	7,970	78,470
Level 3
Disclosure of financial assets [line items]
Financial assets	57,131	215,727
Other current financial assets	€ 53,366	212,348
Bottom of range
Disclosure of financial assets [line items]
Probability of surrender	5.61%
Top of range
Disclosure of financial assets [line items]
Probability of surrender	8.31%
FVPL
Disclosure of financial assets [line items]
Financial assets	€ 61,301	293,701
Other current financial assets	56,880	289,743	€ 308,532
FVOCI
Disclosure of financial assets [line items]
Financial assets	39,550	49,306
Other current financial assets	28,440	26,852	25,712
Amortized cost
Disclosure of financial assets [line items]
Financial assets	571,810	468,115
Other current financial assets	5,597	4,299
Derivative financial instruments
Disclosure of financial assets [line items]
Financial assets	11,110	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	11,110	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	11,110	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	296,279	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	296,279	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	296,279	254,321
Trade receivables
Disclosure of financial assets [line items]
Financial assets	240,457	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	240,457	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	240,457	177,213
Other non-current financial assets
Disclosure of financial assets [line items]
Financial assets	33,898	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	30,133	32,861
Other non-current financial assets | Level 3
Disclosure of financial assets [line items]
Financial assets	3,765	3,379
Other non-current financial assets | FVPL
Disclosure of financial assets [line items]
Financial assets	4,421	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	29,477	32,282
Other current financial assets
Disclosure of financial assets [line items]
Financial assets	90,917	320,894
Other current financial assets | Level 1
Disclosure of financial assets [line items]
Financial assets	29,581	30,076
Other current financial assets | Level 2
Disclosure of financial assets [line items]
Financial assets	7,970	78,470
Other current financial assets | Level 3
Disclosure of financial assets [line items]
Financial assets	53,366	212,348
Other current financial assets | FVPL
Disclosure of financial assets [line items]
Financial assets	56,880	289,743
Other current financial assets | FVOCI
Disclosure of financial assets [line items]
Financial assets	28,440	26,852
Other current financial assets | Amortized cost
Disclosure of financial assets [line items]
Financial assets	5,597	4,299
Insurance contracts
Disclosure of financial assets [line items]
Other current financial assets		114,975
Insurance contracts | Level 1
Disclosure of financial assets [line items]
Other current financial assets		0
Insurance contracts | Level 2
Disclosure of financial assets [line items]
Other current financial assets		0
Insurance contracts | Level 3
Disclosure of financial assets [line items]
Other current financial assets		114,975
Insurance contracts | FVPL
Disclosure of financial assets [line items]
Other current financial assets		114,975
Insurance contracts | FVOCI
Disclosure of financial assets [line items]
Other current financial assets		0
Insurance contracts | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets		0
Private equity
Disclosure of financial assets [line items]
Other current financial assets	22,399	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	22,399	18,311
Private equity | FVPL
Disclosure of financial assets [line items]
Other current financial assets	22,399	18,311	15,925
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 and floating income
Disclosure of financial assets [line items]
Other current financial assets	18,785	20,329
Money market funds and floating income | Level 1
Disclosure of financial assets [line items]
Other current financial assets	16,692	17,742
Money market funds and floating income | Level 2
Disclosure of financial assets [line items]
Other current financial assets	2,093	2,587
Money market funds and floating income | Level 3
Disclosure of financial assets [line items]
Other current financial assets	0	0
Money market funds and floating income | FVPL
Disclosure of financial assets [line items]
Other current financial assets	2,093	2,587
Money market funds and floating income | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	16,692	17,742
Money market funds and floating income | 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	12,146	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	12,146	12,129
Real estate funds | FVPL
Disclosure of financial assets [line items]
Other current financial assets	12,146	12,129	32,898
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
Fixed income
Disclosure of financial assets [line items]
Other current financial assets	11,748	73,127
Fixed income | Level 1
Disclosure of financial assets [line items]
Other current financial assets	11,748	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	68,947
Fixed income | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	11,748	9,110	5,025
Fixed income | 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	10,106	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	280	259
Private debt | Level 3
Disclosure of financial assets [line items]
Other current financial assets	9,826	13,385
Private debt | FVPL
Disclosure of financial assets [line items]
Other current financial assets	10,106	13,644	7,945
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	8,995	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	8,995	36,645
Hedge funds | FVPL
Disclosure of financial assets [line items]
Other current financial assets	8,995	46,761	41,483
Hedge funds | FVOCI
Disclosure of financial assets [line items]
Other current financial assets	0	0
Hedge funds | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets	0	0
Guarantee deposits
Disclosure of financial assets [line items]
Other current financial assets	5,431	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	5,431	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	5,431	2,075
Equity
Disclosure of financial assets [line items]
Other current financial assets	1,141	14,592
Equity | Level 1
Disclosure of financial assets [line items]
Other current financial assets	1,141	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	1,141	14,592	25,408
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
Financial receivables
Disclosure of financial assets [line items]
Other current financial assets	166	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	166	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	166	2,224
Commodities
Disclosure of financial assets [line items]
Other current financial assets		2,727
Commodities | Level 1
Disclosure of financial assets [line items]
Other current financial assets		2,727
Commodities | Level 2
Disclosure of financial assets [line items]
Other current financial assets		0
Commodities | Level 3
Disclosure of financial assets [line items]
Other current financial assets		0
Commodities | FVPL
Disclosure of financial assets [line items]
Other current financial assets	€ 0	2,727	€ 0
Commodities | FVOCI
Disclosure of financial assets [line items]
Other current financial assets		0
Commodities | Amortized cost
Disclosure of financial assets [line items]
Other current financial assets		€ 0

Fair value measurement - Summ_2

Fair value measurement - Summary of Fair Value Measurement of Equity (Details) - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of fair value measurement of equity [line items]
At beginning of period	[1]	€ 732,321	€ 644,304
At end of period		900,896	732,321	[1]
Level 3
Disclosure of fair value measurement of equity [line items]
At beginning of period		215,727	201,290
Investments		10,140	21,343
Disposals		(169,645)	(12,529)
Fair value adjustments		1,647	4,355
Realized gains		(49)	254
Exchange rate gains		(689)	1,014
At end of period		€ 57,131	€ 215,727
[1] (*) Starting with the Semi-Annual Condensed Consolidated Financial Statements at June 30, 2023 and for the six months ended June 30, 2023 and 2022, in the 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 comparative period amounts above have been reclassified compared to the amounts presented in the Group’s 2022 consolidated financial statements.

Fair value measurement - Summ_3

Fair value measurement - Summary of Financial Liabilities (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities [line items]
Financial liabilities	€ 1,470,039	€ 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	876,224	960,377
Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	593,815	443,534
FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	158,568	216,024
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	897	2,362
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	1,310,574	1,185,525
Derivative financial instruments
Disclosure of financial liabilities [line items]
Financial liabilities	897	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	897	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	897	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	113,285	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	113,285	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	113,285	184,880
Current borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	289,337	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	289,337	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	289,337	286,175
Other non-current financial liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	136,556	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	136,466	178,766
Other non-current financial liabilities | Level 3
Disclosure of financial liabilities [line items]
Financial liabilities	90	27
Other non-current financial liabilities | FVPL
Disclosure of financial liabilities [line items]
Financial liabilities	136,466	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	90	27
Other current financial liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	22,102	37,258
Other current financial liabilities | Level 1
Disclosure of financial liabilities [line items]
Financial liabilities	0
Other current financial liabilities | Level 2
Disclosure of financial liabilities [line items]
Financial liabilities	22,102	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	22,102	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	314,137	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	314,137	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	314,137	270,936
Lease liabilities – Current / Non-current
Disclosure of financial liabilities [line items]
Financial liabilities	593,725	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	593,725	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	€ 593,725	€ 443,507

Qualitative and quantitative _3

Qualitative and quantitative information on financial risks - Additional Information (Detail) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Foreign currency risk
Disclosure of financial assets that are either past due or impaired [line items]
Potential effects of a shock change on the main currencies, as a percent	5%
Interest rate risk
Disclosure of financial assets that are either past due or impaired [line items]
Percentage of increase in short-term interest rates on such floating rate non-current financial liabilities	20%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 8,124	€ 2,273
Percentage of decrease in short-term interest rates on such floating rate non-current financial liabilities	20%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 5,774	1,670
Interest rate risk | Interest rate swaps | At fair value
Disclosure of financial assets that are either past due or impaired [line items]
Positive fair value held for hedging	4,739	9,379
Interest rate risk | Interest rate swaps | Financial Instruments Held For Hedging
Disclosure of financial assets that are either past due or impaired [line items]
Notional amount	€ 133,962	€ 320,000
Bottom of range | Foreign currency risk
Disclosure of financial assets that are either past due or impaired [line items]
Percentage of hedges arrange to forecast sales in foreign currencies	50%
Top of range | Foreign currency risk
Disclosure of financial assets that are either past due or impaired [line items]
Percentage of hedges arrange to forecast sales in foreign currencies	60%

Qualitative and quantitative _4

Qualitative and quantitative information on financial risks - Summary of Potential Effects on Profit Before Tax of Hypothetical Change in Exchange Rates (Detail) - Foreign currency risk - EUR (€)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Sensitivity threshold, hypothetical change in year-end exchange-rates	5%
Trade receivables and trade payables	€ 209,829,000	€ 132,539,000
Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.9991	0.6311
Impact on decrease in profit before tax	(1.1044)	(0.6977)
Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	329,437,000	137,099,000
Impact on increase in profit before tax	(1.5688)	(0.6528)
Impact on decrease in profit before tax	1.7340	0.7216
Thom Browne
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	(116,456,000)	(155,551,000)
Impact on increase in profit before tax	0.6598	0.7407
Impact on decrease in profit before tax	(0.7293)	(0.8187)
USD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	75,308,000	61,821,000
USD | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.3586	0.2944
Impact on decrease in profit before tax	(0.3964)	(0.3254)
USD | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	145,836,000	59,523,000
Impact on increase in profit before tax	(0.6945)	(0.2834)
Impact on decrease in profit before tax	0.7676	0.3133
USD | Thom Browne
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	(116,456,000)	(155,551,000)
Impact on increase in profit before tax	0.6598	0.7407
Impact on decrease in profit before tax	(0.7293)	(0.8187)
JPY
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	9,181,000	10,433,000
JPY | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.0437	0.0497
Impact on decrease in profit before tax	(0.0483)	(0.0549)
JPY | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	22,735,000	17,055,000
Impact on increase in profit before tax	(0.1083)	(0.0812)
Impact on decrease in profit before tax	0.1197	0.0898
CNY
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	88,176,000	48,918,000
CNY | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.4199	0.2329
Impact on decrease in profit before tax	(0.4641)	(0.2575)
CNY | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	113,962,000	43,398,000
Impact on increase in profit before tax	(0.5427)	(0.2067)
Impact on decrease in profit before tax	0.5998	0.2284
HKD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	11,531,000	6,153,000
HKD | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.0549	0.0293
Impact on decrease in profit before tax	(0.0607)	(0.0324)
HKD | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	24,843,000	19,139,000
Impact on increase in profit before tax	(0.1183)	(0.0911)
Impact on decrease in profit before tax	0.1308	0.1007
GBP
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	20,924,000	8,280,000
GBP | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.0996	0.0394
Impact on decrease in profit before tax	(0.1101)	(0.0436)
GBP | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	16,283,000	(2,227,000)
Impact on increase in profit before tax	(0.0775)	0.0106
Impact on decrease in profit before tax	0.0857	(0.0117)
SGD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	4,709,000	5,206,000
SGD | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0.0224	0.0248
Impact on decrease in profit before tax	(0.0248)	(0.0274)
SGD | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	7,965,000	9,496,000
Impact on increase in profit before tax	(0.0379)	(0.0452)
Impact on decrease in profit before tax	0.0419	0.0500
CHF
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	0	(8,272,000)
CHF | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0	(0.0394)
Impact on decrease in profit before tax	0	0.0435
CHF | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	(25,940,000)	(9,285,000)
Impact on increase in profit before tax	0.1235	0.0442
Impact on decrease in profit before tax	(0.1365)	(0.0489)
KRW
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	0
KRW | Foreign currency hedging instruments
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Impact on increase in profit before tax	0
Impact on decrease in profit before tax	0
KRW | Trade receivables
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	23,753,000
Impact on increase in profit before tax	(0.1131)
Impact on decrease in profit before tax	0.1250
Hedges of net investment in foreign operations
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	283,795,000	140,703,000
Impact on increase in profit before tax	1.3514	0.6701
Impact on decrease in profit before tax	(1.4937)	(0.7405)
Hedges of net investment in foreign operations | USD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	117,479,000	53,320,000
Impact on increase in profit before tax	0.5594	0.2539
Impact on decrease in profit before tax	(0.6183)	(0.2806)
Hedges of net investment in foreign operations | JPY
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	21,116,000	15,979,000
Impact on increase in profit before tax	0.1006	0.0761
Impact on decrease in profit before tax	(0.1111)	(0.0841)
Hedges of net investment in foreign operations | CNY
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	96,021,000	42,817,000
Impact on increase in profit before tax	0.4572	0.2039
Impact on decrease in profit before tax	(0.5054)	(0.2254)
Hedges of net investment in foreign operations | HKD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	17,422,000	19,940,000
Impact on increase in profit before tax	0.0830	0.0950
Impact on decrease in profit before tax	(0.0917)	(0.1049)
Hedges of net investment in foreign operations | GBP
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	12,233,000	(816,000)
Impact on increase in profit before tax	0.0583	(0.0039)
Impact on decrease in profit before tax	(0.0644)	0.0043
Hedges of net investment in foreign operations | SGD
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	7,525,000	9,463,000
Impact on increase in profit before tax	0.0358	0.0451
Impact on decrease in profit before tax	(0.0396)	(0.0498)
Hedges of net investment in foreign operations | CHF
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	0	0
Impact on increase in profit before tax	0	0
Impact on decrease in profit before tax	0	€ 0
Hedges of net investment in foreign operations | KRW
Disclosure Of Potential Effects On Profit Before Tax Of Hypothetical Change InExchange Rates [Line Items]
Trade receivables and trade payables	11,999,000
Impact on increase in profit before tax	0.0571
Impact on decrease in profit before tax	€ (0.0632)

Qualitative and quantitative _5

Qualitative and quantitative information on financial risks - Summary of Sensitivity on Floating Rate Borrowings (Detail) - Interest rate risk - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Interest expense	€ 6,949	€ 1,989
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	5,774	1,670
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 8,124	€ 2,273
Borrowings Interest Rate of 4.690%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.69%
Interest expense	€ 226
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	3.91%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 189
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.47%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 264
Borrowings Interest Rate of 4.560%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.56%
Interest expense	€ 912
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	3.77%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 754
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.36%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 1,071
Borrowings Interest Rate of 4.770%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.77%
Interest expense	€ 954
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	3.97%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 794
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.57%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 1,114
Borrowings Interest Rate of 4.900%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.90%
Interest expense	€ 1,960
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4.11%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 1,645
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.68%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 2,274
Borrowings Interest Rate of 4.850%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.85%
Interest expense	€ 1,940
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4.04%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 1,616
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.66%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 2,264
Borrowings Interest Rate of 3.910%
Disclosure of detailed information about borrowings [line items]
Total interest rate	3.91%
Interest expense	€ 761
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	3.13%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 611
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	4.68%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 912
Borrowings Interest Rate of 4.800%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.80%
Interest expense	€ 18
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 15
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.60%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 22
Borrowings Interest Rate of 5.480%-1
Disclosure of detailed information about borrowings [line items]
Total interest rate	5.48%
Interest expense	€ 33
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4.68%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 28
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	6.28%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 38
Borrowings Interest Rate of 5.480%-2
Disclosure of detailed information about borrowings [line items]
Total interest rate	5.48%
Interest expense	€ 67
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4.68%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 57
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	6.28%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 76
Borrowings Interest Rate of 4.450%
Disclosure of detailed information about borrowings [line items]
Total interest rate	4.45%
Interest expense	€ 45
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	3.65%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 37
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	5.25%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 53
Borrowings Interest Rate of 5.700%
Disclosure of detailed information about borrowings [line items]
Total interest rate	5.70%
Interest expense	€ 32
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage	4.89%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings	€ 28
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage	6.51%
Impact on increase in profit before tax of sensitivity on floating rate borrowings	€ 37
Borrowings, interest rate 3.091%
Disclosure of detailed information about borrowings [line items]
Total interest rate		3.091%
Interest expense		€ 155
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage		2.629%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings		€ 131
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage		3.553%
Impact on increase in profit before tax of sensitivity on floating rate borrowings		€ 178
Borrowings, interest rate 3.620%
Disclosure of detailed information about borrowings [line items]
Total interest rate		3.62%
Interest expense		€ 226
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage		2.76%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings		€ 173
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage		3.928%
Impact on increase in profit before tax of sensitivity on floating rate borrowings		€ 246
Borrowings, interest rate 2.690%
Disclosure of detailed information about borrowings [line items]
Total interest rate		2.69%
Interest expense		€ 217
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage		2.304%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings		€ 186
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage		3.064%
Impact on increase in profit before tax of sensitivity on floating rate borrowings		€ 248
Borrowings, interest rate 3.090%
Disclosure of detailed information about borrowings [line items]
Total interest rate		3.09%
Interest expense		€ 1,391
Impact on decrease in profit before tax of sensitivity on floating rate borrowings, percentage		2.622%
Impact on decrease in profit before tax of sensitivity on floating rate borrowings		€ 1,180
Impact on increase in profit before tax of sensitivity on floating rate borrowings, percentage		3.558%
Impact on increase in profit before tax of sensitivity on floating rate borrowings		€ 1,601

Qualitative and quantitative _6

Qualitative and quantitative information on financial risks - Summary of Groups Financial Liabilities into Relevant Maturity Groupings (Detail) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities [line items]
Financial liabilities	€ 1,470,039	€ 1,403,911
Derivative financial instruments
Disclosure of financial liabilities [line items]
Financial liabilities	897	2,362
Trade payables and customer advances
Disclosure of financial liabilities [line items]
Financial liabilities	314,137	270,936
Liquidity risk
Disclosure of financial liabilities [line items]
Financial liabilities	1,470,039	1,403,911
Total contractual cash flows	1,561,879	1,448,877
Liquidity risk | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	773,956	720,313
Liquidity risk | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	207,363	260,037
Liquidity risk | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	115,158	103,348
Liquidity risk | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	465,402	365,179
Liquidity risk | Derivative financial instruments
Disclosure of financial liabilities [line items]
Financial liabilities	897	2,362
Total contractual cash flows	897	2,362
Liquidity risk | Derivative financial instruments | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	897	2,362
Liquidity risk | Derivative financial instruments | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Derivative financial instruments | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Derivative financial instruments | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Trade payables and customer advances
Disclosure of financial liabilities [line items]
Financial liabilities	314,137	270,936
Total contractual cash flows	314,137	270,936
Liquidity risk | Trade payables and customer advances | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	314,137	270,936
Liquidity risk | Trade payables and customer advances | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Trade payables and customer advances | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Trade payables and customer advances | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	402,622	471,055
Total contractual cash flows	411,600	482,913
Liquidity risk | Borrowings | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	294,537	290,470
Liquidity risk | Borrowings | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	88,235	139,257
Liquidity risk | Borrowings | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	20,123	36,536
Liquidity risk | Borrowings | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	8,705	16,650
Liquidity risk | Lease liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	593,725	443,507
Total contractual cash flows	676,587	476,615
Liquidity risk | Lease liabilities | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	142,283	119,287
Liquidity risk | Lease liabilities | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	119,128	97,148
Liquidity risk | Lease liabilities | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	95,035	66,812
Liquidity risk | Lease liabilities | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	320,141	193,368
Liquidity risk | Other current and non-current financial liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	158,658	216,051
Total contractual cash flows	158,658	216,051
Liquidity risk | Other current and non-current financial liabilities | Year 1
Disclosure of financial liabilities [line items]
Financial liabilities	22,102	37,258
Liquidity risk | Other current and non-current financial liabilities | Year 2
Disclosure of financial liabilities [line items]
Financial liabilities	0	23,632
Liquidity risk | Other current and non-current financial liabilities | Year 3
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Liquidity risk | Other current and non-current financial liabilities | Beyond
Disclosure of financial liabilities [line items]
Financial liabilities	€ 136,556	€ 155,161

Qualitative and quantitative _7

Qualitative and quantitative information on financial risks - Summary of Aging of Trade Receivables (Detail) - EUR (€)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	€ 672,661,000	€ 811,122,000
Loss allowance	(6,681,000)	(6,512,000)	€ (6,643,000)
Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	240,457,000	177,213,000
Credit risk | Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	240,457,000	177,213,000
Loss allowance	(6,681,000)	(6,512,000)
Credit risk | Trade receivables | Gross carrying amount
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	247,138,000	183,725,000
Credit risk | Trade receivables | Not yet due
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	188,906,000	145,592,000
Loss allowance	(418,000)	(894,000)
Credit risk | Trade receivables | Not yet due | Gross carrying amount
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	189,324,000	146,486,000
Credit risk | Trade receivables | 0-120 days overdue
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	44,691,000	28,485,000
Loss allowance	(1,387,000)	(1,287,000)
Credit risk | Trade receivables | 0-120 days overdue | Gross carrying amount
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	46,078,000	29,772,000
Credit risk | Trade receivables | 121-180 days overdue
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	5,645,000	1,599,000
Loss allowance	(1,262,000)	(278,000)
Credit risk | Trade receivables | 121-180 days overdue | Gross carrying amount
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	6,907,000	1,877,000
Credit risk | Trade receivables | >180 days overdue
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	1,215,000	1,537,000
Loss allowance	(3,614,000)	(4,053,000)
Credit risk | Trade receivables | >180 days overdue | Gross carrying amount
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables	4,829,000	5,590,000
Foreign currency risk
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables and trade payables	209,829,000	132,539,000
Foreign currency risk | Swiss Franc
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables and trade payables	0	(8,272,000)
Foreign currency risk | Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables and trade payables	329,437,000	137,099,000
Impact on increase in profit before tax	(1.5688)	(0.6528)
Impact on decrease in profit before tax	1.7340	0.7216
Foreign currency risk | Trade receivables | Swiss Franc
Disclosure of financial assets that are either past due or impaired [line items]
Trade receivables and trade payables	(25,940,000)	(9,285,000)
Impact on increase in profit before tax	0.1235	0.0442
Impact on decrease in profit before tax	€ (0.1365)	€ (0.0489)

Related party transactions - Ad

Related party transactions - Additional Information (Details) - EUR (€)		1 Months Ended		2 Months Ended	6 Months Ended	12 Months Ended
	Jan. 14, 2021	Jul. 31, 2021	Jun. 30, 2021	Oct. 31, 2021	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Consideration paid in cash						€ 117,686,000	€ 585,000	€ 4,224,000
Group’s percentage interest						90%
Private warrants
Disclosure of transactions between related parties [line items]
Number of private warrants issued (in shares)								800,000
Warrants issued								€ 1,236,000
PKB Bank AG
Disclosure of transactions between related parties [line items]
Transfers under finance agreements from entity, related party transactions					€ 5,000,000
Associates | TFI Group
Disclosure of transactions between related parties [line items]
Provision of guarantees or collateral to entity, related party transactions							€ 6,875,000	7,500,000
Monterubello
Disclosure of transactions between related parties [line items]
Stock repurchased								€ 455,000
Stock repurchased (in shares)								54,600,000
Other short-term employee benefits								€ 10,923,000
Subsidiaries | Discontinued operations | Agnona
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary sold	70%			30%
Consideration paid	€ 1			€ 500,000
Subsidiaries | Lanificio
Disclosure of transactions between related parties [line items]
Percentage of additional interest acquired in subsidiary		10%
Consideration paid in cash		€ 9,600,000
Group’s percentage interest		100%
Subsidiaries | Thom Browne
Disclosure of transactions between related parties [line items]
Percentage of additional interest acquired in subsidiary			5%
Consideration paid in cash			€ 30,653,000
Group’s percentage interest			90%

Related party transactions - Sc

Related party transactions - Schedule of Transactions with Related Parties (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Revenues	€ 1,904,549	€ 1,492,840	[1]	€ 1,292,402	[1]
Cost of sales	680,235	564,832	[1]	495,702	[1]
Selling, general and administrative expenses	901,364	695,084	[1]	822,897	[1]
Marketing expenses	114,802	85,147	[1]	67,831	[1]
Foreign exchange losses	(5,262)	(7,869)	[1]	(7,791)	[1]
Zegna Group
Disclosure of transactions between related parties [line items]
Revenues	1,904,549	1,492,840		1,292,402
Cost of sales	680,235	564,832		495,702
Selling, general and administrative expenses	901,364	695,084		822,897
Marketing expenses	114,802	85,147		67,831
Financial income/(expenses)	(30,839)	(41,026)		2,066
Foreign exchange losses	(5,262)	(7,869)		(7,791)
Norda Run Inc.
Disclosure of transactions between related parties [line items]
Revenues	4,433
Luigi Fedeli e Figlio S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	7,048
Associates
Disclosure of transactions between related parties [line items]
Revenues	3,324	35,526		23,096
Cost of sales	7,227	3,304		177
Selling, general and administrative expenses	1,003	6,457		7,730
Marketing expenses	0	0		0
Financial income/(expenses)	89	136		596
Foreign exchange losses	(14)	0		0
Associates | TFI Group
Disclosure of transactions between related parties [line items]
Revenues	3,233	35,525		23,047
Cost of sales	288	0		0
Selling, general and administrative expenses	740	6,396		7,730
Marketing expenses	0	0		0
Financial income/(expenses)	(7)	136		596
Foreign exchange losses	0	0		0
Royalties	181	3,956		4,081
Associates | Filati Biagioli Modesto S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	5	0		49
Cost of sales	4,782	3,304		177
Selling, general and administrative expenses	141	61		0
Marketing expenses	0	0		0
Financial income/(expenses)	96	0		0
Foreign exchange losses	0	0		0
Associates | Norda Run Inc.
Disclosure of transactions between related parties [line items]
Revenues	0	0		0
Cost of sales	2,072	0		0
Selling, general and administrative expenses	122	0		0
Marketing expenses	0	0		0
Financial income/(expenses)	0	0		0
Foreign exchange losses	(14)	0		0
Associates | Pelletteria Tizeta S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	0	1		0
Cost of sales	0	0		0
Selling, general and administrative expenses	0	0		0
Marketing expenses	0	0		0
Financial income/(expenses)	0	0		0
Foreign exchange losses	0	0		0
Associates | Luigi Fedeli e Figlio S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	86	0		0
Cost of sales	85	0		0
Selling, general and administrative expenses	0	0		0
Marketing expenses	0	0		0
Financial income/(expenses)	0	0		0
Foreign exchange losses	0	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | EZ Real Estate
Disclosure of transactions between related parties [line items]
Revenues	4	8		58
Cost of sales	2,580	2,545		830
Selling, general and administrative expenses	4,100	3,638		1,659
Marketing expenses	2,072	0		84
Financial income/(expenses)	(545)	(490)		0
Foreign exchange losses	0	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Schneider Group
Disclosure of transactions between related parties [line items]
Revenues	25	23		20
Cost of sales	14,209	14,785		5,623
Selling, general and administrative expenses	14	52		0
Marketing expenses	0	0		0
Financial income/(expenses)		0		0
Foreign exchange losses	0	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Alan Real Estate S.A.
Disclosure of transactions between related parties [line items]
Revenues	0			0
Cost of sales	1,650	1,692		274
Selling, general and administrative expenses	3,100	1,415		520
Marketing expenses	0	0		0
Financial income/(expenses)	(310)	(13)		0
Foreign exchange losses	(8)	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Agnona S.r.l.
Disclosure of transactions between related parties [line items]
Revenues	64	195		373
Cost of sales	35	262		0
Selling, general and administrative expenses	210	81		5,665
Marketing expenses	32	0		0
Financial income/(expenses)	(1)	0		0
Foreign exchange losses	(1)	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | 61 West 23rd Street LLC
Disclosure of transactions between related parties [line items]
Revenues	0	0		0
Cost of sales	0	0		0
Selling, general and administrative expenses	0
Marketing expenses	0	0		0
Financial income/(expenses)	0	0		0
Foreign exchange losses	0	0		0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | 61 West 23rd Street LLC | Adjustment
Disclosure of transactions between related parties [line items]
Selling, general and administrative expenses		(16)		(14)
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management
Disclosure of transactions between related parties [line items]
Revenues	195	1		9
Cost of sales	5,827	6,086		491
Selling, general and administrative expenses	614	33		0
Marketing expenses	6	0		0
Financial income/(expenses)	3	(8)		(40)
Foreign exchange losses	0	0		0
UBS Group AG
Disclosure of transactions between related parties [line items]
Revenues	0	0		0
Cost of sales	0	0		0
Selling, general and administrative expenses	3,108	0		0
Marketing expenses	0	0		0
Financial income/(expenses)	(1,522)	0		0
Foreign exchange losses	350	0		0
Other
Disclosure of transactions between related parties [line items]
Revenues	0	0		0
Cost of sales	0	0		0
Selling, general and administrative expenses	3,038	2,563		1,284
Marketing expenses	0	0		0
Financial income/(expenses)	0	0		(20,675)
Foreign exchange losses	0	0		0
Related parties
Disclosure of transactions between related parties [line items]
Revenues	3,612	35,753		23,556
Cost of sales	31,528	28,674		7,395
Selling, general and administrative expenses	15,187	14,223		16,844
Marketing expenses	2,110	0		84
Financial income/(expenses)	(2,286)	(375)		(20,119)
Foreign exchange losses	€ 327	€ 0		€ 0
[1] (*) Starting with the year ended December 31, 2023, the Group presents the 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 therefore it provides reliable and more relevant information and is consistent with international practice. In order to conform to this new presentation, the information for the year ended December 31, 2022 and 2021 have been reclassified compared to what was previously presented by the Group.

Related party transactions - _2

Related party transactions - Schedule of Balances with Related Parties (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Non-current assets	€ 1,479,375	€ 1,141,070
Current assets	1,287,636	1,285,657
Non-current liabilities	853,992	827,422
Current liabilities	1,012,123	866,984
Zegna Group
Disclosure of transactions between related parties [line items]
Non-current assets	1,479,375	1,141,070
Current assets	1,287,636	1,285,657
Non-current liabilities	853,992	827,422
Current liabilities	1,012,123	866,984
Related parties
Disclosure of transactions between related parties [line items]
Non-current assets	80,775	51,546
Current assets	44,128	14,378
Non-current liabilities	90,565	43,341
Current liabilities	24,646	18,900
Associates
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	601	14,009
Non-current liabilities	0	0
Current liabilities	929	3,196
Associates | TFI Group
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	0	11,808
Non-current liabilities	0	0
Current liabilities	0	366
Associates | Filati Biagioli Modesto S.r.l.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	598	2,200
Non-current liabilities	0	0
Current liabilities	927	2,830
Associates | Norda Run Inc.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
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
Current assets	0	1
Non-current liabilities	0	0
Current liabilities	0	0
Associates | Luigi Fedeli e Figlio S.r.l.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	3	0
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Monterubello
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	0
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Agnona S.r.l.
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	55	32
Non-current liabilities	0	0
Current liabilities	56	67
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Schneider Group
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	0	4
Non-current liabilities	0	0
Current liabilities	4,176	4,102
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | EZ Real Estate
Disclosure of transactions between related parties [line items]
Non-current assets	43,215	41,671
Current assets	82	69
Non-current liabilities	37,320	35,776
Current liabilities	8,503	6,476
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | 61 West 23rd Street LLC
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	0	24
Non-current liabilities	0	0
Current liabilities	0	0
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Alan Real Estate S.A.
Disclosure of transactions between related parties [line items]
Non-current assets	37,154	9,875
Current assets	0	0
Non-current liabilities	33,245	7,565
Current liabilities	5,291	2,471
Companies controlled by Monterubello or its shareholders, the Company's directors or Senior Management Team | Other companies controlled by Monterubello or its shareholders, Zegna directors or senior management
Disclosure of transactions between related parties [line items]
Non-current assets	406	0
Current assets	188	240
Non-current liabilities	0	0
Current liabilities	2,144	2,204
UBS Group AG
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	43,202	0
Non-current liabilities	20,000	0
Current liabilities	3,017	0
Other
Disclosure of transactions between related parties [line items]
Non-current assets	0	0
Current assets	0	0
Non-current liabilities	0	0
Current liabilities	€ 530	€ 384

Related party transactions - _3

Related party transactions - Schedule of Remuneration Of And Outstanding Balances With Zegna Directors And Key Executives With Strategic Responsibilities (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Remuneration Of And Outstanding Balances With Key Management Personnel [Line Items]
Short-term employee benefits	€ 17,516	€ 17,337	€ 16,853
Post-employment benefits	3,047	1,015	4,012
Other long-term benefits	9,110	13,623	8,702
Share-based payments	14,251	9,358	14,012
Financial income	0	(24)	0
Key Management Personnel
Disclosure Of Remuneration Of And Outstanding Balances With Key Management Personnel [Line Items]
Employee benefits	4,346	28,648	12,865
Other non current financial liabilities	138,558	156,782	135,726
Other current liabilities	43,034	6,861	7,990
Non-current financial assets	€ 0	€ 2,240	€ 2,219

Share-based payments - Addition

Share-based payments - Additional Information (Details) € / shares in Units, € in Thousands			1 Months Ended						3 Months Ended	12 Months Ended
	Dec. 31, 2023 EUR (€) shares € / shares	Apr. 05, 2023 shares	Oct. 31, 2023 shares tranche	Jun. 30, 2023 EUR (€) shares	Jun. 30, 2022 EUR (€) shares	Dec. 31, 2021 shares € / shares	May 31, 2021 EUR (€) shares	Feb. 28, 2021 shares	Jun. 30, 2023 shares	Dec. 31, 2023 EUR (€) shares € / shares	Dec. 31, 2022 EUR (€) shares	Dec. 31, 2021 EUR (€) shares € / shares	Feb. 04, 2021 shares € / shares
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)								2,520,000
Exercise price of outstanding share options (in EUR per share) | € / shares						€ 137						€ 137
Number of share options exercised in share-based payment arrangement (in shares)												16,237
Share based payments related to long-term incentives granted | €												€ 16,290
Non-executive director remuneration, percentage received in cash										50%
Non-executive director remuneration, percentage received in equity										50%	50%
Share split
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of outstanding share options (in EUR per share) | € / shares						€ 2.74						€ 2.74
Number of share options exercised in share-based payment arrangement (in shares)												811,850
Share based payments related to long-term incentives granted | €												€ 2,216
Personnel costs and offsetting
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based payments related to long-term incentives granted | €												€ 3,834
Private warrants
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of private warrants issued (in shares)												800,000
Warrants issued | €												€ 1,236
Zegna non-executive directors
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period										2 years
Number of shares issued (in shares)										76,400	78,460
Shares granted value under share based arrangement | €										€ 795	€ 791
Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 6,562
Number of other equity instruments granted in share based payment arrangement (in shares)										164,000	2,088,500
Number of other equity instruments outstanding (in shares)	2,115,500					0				2,115,500	1,951,500	0
Number of share options outstanding in share based payment arrangement (in shares)													15,832
Exercise price of outstanding share options (in EUR per share) | € / shares													€ 186
Shares exercised (in shares)				468,450	459,086		15,832
Options exercised | €				€ 3,654	€ 3,390		€ 2,946
Equity settled share based payments | Zegna Ordinary Shares
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
Number of other equity instruments outstanding (in shares)	1,932,000									1,932,000
Equity settled share based payments | Following the share split
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share based payment arrangement (in shares)	791,600									791,600
Exercise price of outstanding share options (in EUR per share) | € / shares	€ 3.72									€ 3.72
Shares exercised (in shares)										791,600
Restricted share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free rate										4.93%
Restricted share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free rate										5.46%
Restricted share units | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 499
Number of other equity instruments granted in share based payment arrangement (in shares)			170,000							170,000
Unrecognized compensation expense | €	€ 1,680									€ 1,680
Number of other equity instruments outstanding (in shares)	170,000									170,000	0
Performance share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility based on the historical and implied volatility of a group of comparable companies											35%
Risk-free rate											1.96%
Performance share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility based on the historical and implied volatility of a group of comparable companies											37.50%
Risk-free rate											4.86%
Performance share units | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €											€ 6,789	€ 6,138
Number of other equity instruments granted in share based payment arrangement (in shares)										114,800
Unrecognized compensation expense | €											€ 6,108
Risk-free rate										0%
Number of other equity instruments outstanding (in shares)	1,480,850					0				1,480,850	1,366,050	0
Performance share units | Equity settled share based payments | LTI Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 4,062	€ 2,816
Number of other equity instruments granted in share based payment arrangement (in shares)											1,461,950
Unrecognized compensation expense | €	€ 4,408									4,408
Performance share units | Equity settled share based payments | Chief Executive Officer (CEO)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Unrecognized compensation expense | €	€ 1,842									€ 1,842
Performance share units | Equity settled share based payments | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 7.43
Expected volatility based on the historical and implied volatility of a group of comparable companies										30%
Performance share units | Equity settled share based payments | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 9.13
Expected volatility based on the historical and implied volatility of a group of comparable companies										40%
Retention restricted share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility based on the historical and implied volatility of a group of comparable companies											35%
Risk-free rate											2.07%
Retention restricted share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility based on the historical and implied volatility of a group of comparable companies											37.50%
Risk-free rate											4.05%
Retention restricted share units | 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)										49,200
Number of other equity instruments outstanding (in shares)	634,650					0				634,650	585,450	0
Retention restricted share units | Equity settled share based payments | LTI Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 1,456	€ 1,046
Number of other equity instruments granted in share based payment arrangement (in shares)											626,550
Unrecognized compensation expense | €	€ 3,123									€ 3,123
Share option | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €												€ 2,938
Zegna directors, excluding the CEO, key executives, and other employees | Performance share units | 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)	430,000	450,000
Number of other equity instruments outstanding (in shares)	0					900,000				0	880,000	900,000
Award with vesting tranches | Performance share units | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 840	€ 840	€ 2,047
Number of other equity instruments granted in share based payment arrangement (in shares)										600,000
Other equity instruments granted (in EUR per share) | € / shares										€ 10.48
Expected volatility based on the historical and implied volatility of a group of comparable companies										30%
Risk-free rate										0.73%
Award with vesting tranches | Performance share units | Equity settled share based payments | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 5.77
Award with vesting tranches | Performance share units | Equity settled share based payments | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 6.93
Award with vesting tranches | Zegna directors, excluding the CEO, key executives, and other employees | Performance share units | Equity settled share based payments
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense | €										€ 1,300	€ 1,297	€ 3,349
Number of other equity instruments granted in share based payment arrangement (in shares)						900,000
Other equity instruments granted (in EUR per share) | € / shares										€ 10.48
Expected volatility based on the historical and implied volatility of a group of comparable companies										30%
Risk-free rate										0.73%
Award with vesting tranches | Zegna directors, excluding the CEO, key executives, and other employees | Performance share units | Equity settled share based payments | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 6.18
Award with vesting tranches | Zegna directors, excluding the CEO, key executives, and other employees | Performance share units | Equity settled share based payments | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Other equity instruments granted (in EUR per share) | € / shares										€ 7.35
Tranche One | Share price of at least USD 11.50
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price (in USD per share)	11.50									11.50
Number of trading days determining share price										20 days
Tranche One | Share price of at least USD 12.50
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price (in USD per share)	12.50									12.50
Number of trading days determining share price										20 days
Tranche One | Chief Executive Officer (CEO)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based payments related to long-term incentives granted | €										€ 4,266
Tranche One | Restricted share units | 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)			80,000
Number of equal installments | tranche			2
Tranche One | Performance share units | 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)										240,000
Tranche One | Zegna directors, excluding the CEO, key executives, and other employees | Share price of at least USD 11.50
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price (in USD per share)						11.50						11.50
Number of trading days determining share price						10 days
Tranche One | Zegna directors, excluding the CEO, key executives, and other employees | Share price of at least USD 12.50
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price (in USD per share)						12.50						12.50
Number of trading days determining share price						20 days
Tranche Two | Chief Executive Officer (CEO)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based payments related to long-term incentives granted | €										€ 4,266
Tranche Two | Restricted share units | 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)			90,000
Number of equal installments | tranche			3
Tranche Two | Performance share units | 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)									240,000	360,000
Tranche Two | Zegna directors, excluding the CEO, key executives, and other employees | Performance share units | 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)						450,000
Tranche Three | Chief Executive Officer (CEO)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based payments related to long-term incentives granted | €										€ 4,266

Share-based payments - Schedule

Share-based payments - Schedule of Key Assumptions Used in Valuation (Details) - € / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restricted share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Grant date share price	€ 12.95
Dividend yield	0.801%
Restricted share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value	€ 12.64
Risk-free rate	4.93%
Restricted share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value	€ 12.95
Risk-free rate	5.46%
Performance share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value		€ 8.68
Grant date share price		€ 9.71
Expected volatility based on the historical and implied volatility of a group of comparable companies		35%
Dividend yield		0.90%
Risk-free rate		1.96%
Performance share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value		€ 11.52
Grant date share price		€ 12.68
Expected volatility based on the historical and implied volatility of a group of comparable companies		37.50%
Dividend yield		1.24%
Risk-free rate		4.86%
Retention restricted share units | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value		€ 8.62
Grant date share price		€ 9.71
Expected volatility based on the historical and implied volatility of a group of comparable companies		35%
Dividend yield		0.90%
Risk-free rate		2.07%
Retention restricted share units | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value		€ 11.40
Grant date share price		€ 12.68
Expected volatility based on the historical and implied volatility of a group of comparable companies		37.50%
Dividend yield		1.24%
Risk-free rate		4.05%

Share-based payments - Schedu_2

Share-based payments - Schedule of Change In Number Of Outstanding Awards (Details) - Equity settled share based payments - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at beginning of period (in shares)	1,951,500	0
Forfeited (in shares)		(137,000)
Outstanding at end of period (in shares)	2,115,500	1,951,500
Restricted share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at beginning of period (in shares)	0
Outstanding at end of period (in shares)	170,000	0
Performance share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at beginning of period (in shares)	1,366,050	0
Forfeited (in shares)		(95,900)
Outstanding at end of period (in shares)	1,480,850	1,366,050
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]
Outstanding at beginning of period (in shares)	880,000	900,000
Forfeited (in shares)		(20,000)
Vested (in shares)	(880,000)
Outstanding at end of period (in shares)	0	880,000
Retention restricted share units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at beginning of period (in shares)	585,450	0
Forfeited (in shares)		(41,100)
Outstanding at end of period (in shares)	634,650	585,450

Notes to consolidated cash fl_2

Notes to consolidated cash flow statement (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 01, 2023
Notes To Consolidated Cash Flow Statement [Line Items]
Share based payments related to long-term incentives granted			€ 16,290
Business combinations	€ 13,301	€ 5,891	16,507
Business combinations	5,859	4,561	3,488
Gross carrying amount
Notes To Consolidated Cash Flow Statement [Line Items]
Additions	141,995	€ 137,781	148,299
Business combinations	€ 20,599
CGU Thom Browne Korea Ltd.
Notes To Consolidated Cash Flow Statement [Line Items]
Deferred consideration				€ 18,583
Costs related to the business combination | ZEGNA
Notes To Consolidated Cash Flow Statement [Line Items]
Share issue related cost			114,963
Costs related to the business combination | IIAC
Notes To Consolidated Cash Flow Statement [Line Items]
Share issue related cost			€ 37,906
Stock issued during period (in shares)			5,031,250

Business Combinations- Addition

Business Combinations- Additional Information (Details) € in Thousands, $ in Thousands

6 Months Ended

7 Months Ended

8 Months Ended

12 Months Ended

Jul. 01, 2023 EUR (€) store

Apr. 28, 2023 EUR (€)

Apr. 28, 2023 USD ($)

Apr. 27, 2023

Dec. 31, 2022

Jan. 01, 2022

Jun. 04, 2021 EUR (€)

Dec. 31, 2023 EUR (€) store

Dec. 31, 2021 EUR (€)

Dec. 31, 2023 EUR (€) store

Dec. 31, 2023 EUR (€) store

Dec. 31, 2022 EUR (€)

Dec. 31, 2021 EUR (€)

Dec. 31, 2025 EUR (€)

Dec. 31, 2024 EUR (€)

Apr. 28, 2023 USD ($)

Disclosure of detailed information about business combination [line items]

Costs related to the business combination

€ 2,140

€ 2,137

Proportion of ownership interest in associate

Group’s percentage interest

90%

Consideration paid in cash

€ 117,686

€ 585

€ 4,224

Pelletteria Tizeta S.r.l.

Disclosure of detailed information about business combination [line items]

Proportion of ownership interest in associate

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]

Proportion of ownership interest in associate

15%

15%

15%

15%

15%

15%

Provision of guarantees or collateral to entity, related party transactions | $

$ 6,875

CGU Thom Browne Korea Ltd.

Disclosure of detailed information about business combination [line items]

Contingent consideration

€ 18,583

€ 18,991

€ 18,991

€ 18,991

Goodwill

23,966

Costs related to the business combination

263

Revenue of the acquiree since the acquistion date

19,668

Profit (loss) of the acquiree since the acquistion date

(1,003)

Cash consideration

26,574

Consideration paid in cash

€ (7,991)

CGU Thom Browne Korea Ltd. | Forecast

Disclosure of detailed information about business combination [line items]

Contingent consideration

€ 9,689

€ 9,302

Tom Ford International LLC

Disclosure of detailed information about business combination [line items]

Costs related to the business combination

€ 5,436

Revenue of the acquiree since the acquistion date

235,531

Profit (loss) of the acquiree since the acquistion date

(14,926)

Percentage of voting interests acquired

85%

85%

Implied fair value | $

$ 150,000

Additional revenues if acquisition had occurred at beginning of year

97,000

Additional net income if acquisition had occurred at beginning of year

€ (17,000)

Percentage of entity's assets

15.70%

Percentage of entity's revenue

12.40%

Trade receivables

24,571

24,571

€ 24,571

Best estimate at acquisition date of contractual cash flows not to be collected

€ 1,242

€ 1,242

€ 1,242

Long-term licensing and collaboration agreement, term

20 years

20 years

Long-term licensing and collaboration agreement, renewal term

10 years

10 years

Long-term licensing and collaboration agreement, term of minimum annual guaranteed royalties

10 years

10 years

10 years

Cash consideration

€ 119,073

Consideration paid in cash

109,110

Tom Ford International LLC | Concessions, licenses, trademarks and patents

Disclosure of detailed information about business combination [line items]

Intangible assets

€ 99,295

Useful life of intangible asset

30 years

30 years

Right-of-use guaranteed years

20 years

20 years

Right-of-use automatic renewal term

10 years

10 years

Tesitura Unbertino

Disclosure of detailed information about business combination [line items]

Contingent consideration

€ 1,170

Goodwill

€ 2,820

Revenue of the acquiree since the acquistion date

€ 5,625

€ 11,015

€ 10,210

Profit (loss) of the acquiree since the acquistion date

€ 561

1,479

938

Percentage of voting interests acquired

60%

Intangible assets

€ 4,200

Additional revenues if acquisition had occurred at beginning of year

€ 3,987

Additional net income if acquisition had occurred at beginning of year

674

Cash consideration

7,050

Consideration paid in cash

€ 3,514

€ 585

€ 585

Gruppo Dondi SPA

Disclosure of detailed information about business combination [line items]

Contingent consideration paid

€ 710

CGU Thom Browne Korea Ltd.

Disclosure of detailed information about business combination [line items]

Number of retail stores | store

17

TFI Group

Disclosure of detailed information about business combination [line items]

Number of retail stores | store

51

51

51

Pelletteria Tizeta S.r.l.

Disclosure of detailed information about business combination [line items]

Proportion of ownership interest in associate

100%

Group’s percentage interest

100%

100%

Business Combinations - Schedul

Business Combinations - Schedule of Purchase Consideration, Net Assets Acquired and Goodwill (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Jul. 01, 2023	Jun. 04, 2021
CGU Thom Browne Korea Ltd.
Disclosure of detailed information about business combination [line items]
Cash consideration paid		€ 7,991
Contingent consideration	€ 18,991	18,583
Total consideration		€ 26,574
Tesitura Unbertino
Disclosure of detailed information about business combination [line items]
Cash consideration paid			€ 5,880
Contingent consideration			1,170
Total consideration			€ 7,050

Business Combinations - Sched_2

Business Combinations - Schedule of The Contingent Consideration was Recognized Within Other Current Liabilities (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Jul. 01, 2023	Apr. 28, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 04, 2021
Disclosure of detailed information about business combination [line items]
Right-of-use assets	€ 533,952			€ 375,508	€ 370,470
CGU Thom Browne Korea Ltd.
Disclosure of detailed information about business combination [line items]
Inventories		€ 1,054
Other current assets		800
Property, plant and equipment		949
Other current liabilities		(123)
Deferred tax liabilities		(72)
Net identifiable assets acquired		2,608
Goodwill		23,966
Net assets acquired including goodwill		€ 26,574
Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents			€ 109,667
Trade receivables			23,329
Inventories			82,694
Deferred tax liabilities			(51,163)
Right-of-use assets			160,869
Intangible assets and property, plant and equipment			122,770
Other current and non-current assets			70,014
Other current and non-current liabilities			(176,147)
Current and non-current lease liabilities			(160,869)
Current and non-current borrowings			(29,890)
Trade payables and customer advances			(28,942)
Employee benefits			(3,259)
Net identifiable assets acquired			€ 119,073
Tesitura Unbertino
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents						€ 2,366
Trade receivables						1,681
Inventories						1,564
Other current assets						626
Property, plant and equipment						641
Intangible assets						4,200
Other current liabilities						(712)
Deferred tax liabilities						(1,172)
Trade payables and customer advances						(1,872)
Employee benefits						(272)
Net identifiable assets acquired						7,050
Less: Non-controlling interests						(2,820)
Goodwill						2,820
Net assets acquired including goodwill						€ 7,050

Business Combinations - Sched_3

Business Combinations - Schedule of The Net Cash Outflows Related To The Acquisition (Details) - EUR (€) € in Thousands				12 Months Ended
	Jul. 01, 2023	Apr. 28, 2023	Jun. 04, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Net cash outflow - Investing activities				€ 117,686	€ 585	€ 4,224
CGU Thom Browne Korea Ltd.
Disclosure of detailed information about business combination [line items]
Cash consideration paid	€ (7,991)
Net cash outflow - Investing activities	€ (7,991)
Tom Ford International LLC
Disclosure of detailed information about business combination [line items]
Cash consideration paid		€ 91,619
Cash and cash equivalents acquired		109,667
Payment of TFI acquisition-related liabilities		(127,158)
Net cash outflow - Investing activities		€ 109,110
Percentage of voting interests acquired		85%
Tesitura Unbertino
Disclosure of detailed information about business combination [line items]
Cash consideration paid			€ 5,880
Cash and cash equivalents acquired			2,366
Net cash outflow - Investing activities			€ 3,514	€ 585	€ 585
Percentage of voting interests acquired			60%

Business combinations - Sched_4

Business combinations - Schedule 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]
Cash consideration paid	€ 91,619
Fair value of the previously equity interests held	21,505
Settlement of pre-existing intercompany balances	5,949
Total consideration	€ 119,073
Percentage of voting interests acquired	85%

Business combinations - Sched_5

Business combinations - Schedule of Payment of Minimum Guaranteed Royalties (Details) - Tom Ford International LLC € in Millions	12 Months Ended
	Dec. 31, 2023 EUR (€)
Disclosure of detailed information about business combination [line items]
Royalty expense	€ 170.6
Due within 1 year
Disclosure of detailed information about business combination [line items]
Royalty expense	16.9
Due in 1 to 5 years
Disclosure of detailed information about business combination [line items]
Royalty expense	71.8
Due in 5 to 10 years
Disclosure of detailed information about business combination [line items]
Royalty expense	€ 81.9

Subsequent events (Details)

Subsequent events (Details) € / shares in Units, € in Thousands						1 Months Ended	12 Months Ended
	Apr. 04, 2024 EUR (€) shares € / shares	Jan. 30, 2024 shares	Jan. 01, 2024 EUR (€) store	Jul. 28, 2023 € / shares	Jul. 28, 2022 € / shares	Feb. 28, 2021 shares	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)	Feb. 29, 2024 EUR (€)	Feb. 08, 2024 employee squareMeter
Disclosure of non-adjusting events after reporting period [line items]
Number of other equity instruments granted in share based payment arrangement (in shares) | shares						2,520,000
Dividends paid (in EUR per share) | € / shares				€ 0.10	€ 0.09
Dividends recognised as distributions to owners | €							€ 31,099	€ 26,039	€ 650
Major business combination | Ermenegildo Zegna Korea Co. Ltd
Disclosure of non-adjusting events after reporting period [line items]
Number of retail stores acquired | store			15
Major ordinary share transactions
Disclosure of non-adjusting events after reporting period [line items]
Dividends paid (in EUR per share) | € / shares	€ 0.12
Dividends recognised as distributions to owners | €	€ 30,000
Major ordinary share transactions | Zegna Ordinary Shares
Disclosure of non-adjusting events after reporting period [line items]
Number of other equity instruments granted in share based payment arrangement (in shares) | shares	588,000
Major ordinary share transactions | Zegna Ordinary Shares | Initial Public Offering Performance Share Units | Chief Operating Officer
Disclosure of non-adjusting events after reporting period [line items]
Number of other equity instruments granted in share based payment arrangement (in shares) | shares		360,000
Major ordinary share transactions | Zegna Ordinary Shares | Initial Public Offering Performance Share Units | Management
Disclosure of non-adjusting events after reporting period [line items]
Number of other equity instruments granted in share based payment arrangement (in shares) | shares		430,000
Major purchases of assets
Disclosure of non-adjusting events after reporting period [line items]
Number of square meters | squareMeter											12,500
Number of employees transferred | employee											300
Land | €										€ 8,500
Ermenegildo Zegna Korea Co. Ltd | Major business combination
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting interests acquired			100%
Cash consideration | €			€ 9,000