v3.26.1
Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary of significant accounting policies  
Summary of new standards and amendments issued by the IASB

New Standards and Amendments issued by the IASB and applicable to the Group from January 1, 2025

New IFRS Standards and Amendments to existing standards

  ​ ​ ​ ​

Effective date

 

IAS 21 Lack of Exchangeability (Amendments to IAS 21)

  ​

January 1, 2025

 

New standards, amendments and interpretations not yet effective

New IFRS Standards and Amendments to existing standards

  ​ ​ ​

Effective date

IFRS 7 and IFRS 9 Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)

January 1, 2026

IFRS 7 and IFRS 9 Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7)

January 1, 2026

Annual Improvements to IFRS Accounting Standards—Volume 11

January 1, 2026

IFRS 18 Presentation and Disclosure in Financial Statements

January 1, 2027

IFRS 19 Subsidiaries without Public Accountability: Disclosures

January 1, 2027

IFRS 19 Subsidiaries without Public Accountability: Disclosures (Amendments to IFRS 19)

January 1, 2027

Summary of principal foreign currency exchange rates used by the Group

2025

2024

2023

  ​ ​ ​

At

  ​ ​ ​

  ​ ​ ​

At

  ​ ​ ​

  ​ ​ ​

At 

  ​ ​ ​

December 31

Average

December 31

Average

December 31

Average

CNY

8.2355

8.0866

7.5257

7.7257

7.8592

7.6352

CHF

 

0.9305

 

0.9372

 

0.9410

 

0.9524

 

0.9336

 

0.9709

GBP

 

0.8729

 

0.8567

 

0.8291

 

0.8466

 

0.8693

 

0.8694

HKD

 

9.1181

 

8.8242

 

8.1271

 

8.4686

 

8.6727

 

8.4863

INR

 

105.6375

 

97.9243

 

88.1436

 

89.7706

 

91.9420

 

88.9784

JPY

 

183.8281

 

168.6815

 

162.7882

 

163.4023

 

156.5266

 

151.4929

MXN

 

21.1232

 

21.6346

 

21.5161

 

19.8808

 

18.7952

 

19.1355

SEK

 

10.8120

 

11.0542

 

11.4634

 

11.4271

 

11.0537

 

11.4722

SGD

 

1.5087

 

1.4761

 

1.4142

 

1.4462

 

1.4616

 

1.4524

USD

 

1.1717

 

1.1319

 

1.0469

 

1.0853

 

1.1096

 

1.0841

Summary of scope of consolidation

Nominal value of

% of Group

Company

Registered office

registered capital

  ​ ​ ​

2025

 

2024

Fosun Fashion Group (Cayman) Limited

  ​ ​ ​

Grand Cayman, Cayman Islands

  ​ ​ ​

Euro50,000

 

100.00

  ​ ​ ​

100.00

Fosun Fashion Investment Holdings (HK) Limited

 

Hong Kong, P.R.C.

 

HKD100

 

100.00

 

100.00

Fosun Fashion (Shanghai) Consulting Management Co.,Ltd.

 

Shanghai, P.R.C.

 

USD4,000,000

 

100.00

 

100.00

SJK Investment Holdings Limited

 

Grand Cayman, Cayman Islands

 

USD1,000

 

100.00

 

100.00

FFG Investment (Luxembourg) S.à r.l.

 

The Grand Duchy of Luxembourg

 

Euro12,000

 

100.00

 

100.00

Fosun Fashion Brand Management Co.,Limited

 

Hong Kong, P.R.C.

 

HKD31,878

 

100.00

 

100.00

Luminary Talent Limited

 

Hong Kong, P.R.C.

 

HKD1

 

100.00

 

100.00

FFG Lily (Luxembourg) S.à r.l.

 

The Grand Duchy of Luxembourg

 

Euro12,000

 

N.A.

 

100.00

FFG Wisdom (Luxembourg) S.à r.l.

 

The Grand Duchy of Luxembourg

 

Euro12,000

 

100.00

 

100.00

Fosun Fashion Brands Management Co.,Limited

 

Shanghai, P.R.C.

 

CNY48,805,000

 

80.00

 

80.00

FFG Lucky SAS

 

Paris, France

 

Euro1

 

100.00

 

100.00

Shanghai Fulang Brand Management (Group) Co., Ltd.

 

Shanghai, P.R.C.

 

USD3,000,000

 

100.00

 

100.00

LANVIN GROUP S.R.L.

 

Milan, Italy

 

Euro10,000

 

100.00

 

100.00

Lanv Fashion Pte. Ltd.

 

Singapore

 

SGD1

 

N.A.

 

100.00

Lanvin Group Fashion (America) Inc.

 

Newark, U.S.A.

 

USD20

 

100.00

 

100.00

Lanvin Group Fabric Development Technology (Haining) Co., Ltd.

 

Haining, P.R.C.

 

CNY1,000,000

 

60.00

 

60.00

Arpège SAS

 

Paris, France

 

Euro110,352,772

 

95.27

 

95.27

Wolford AG

 

Breagaz, Austria

 

Euro14,868,447

 

74.65

 

61.02

Raffaele Caruso S.p.A

 

Soragna, Italy

 

Euro2,937,145

 

100.00

 

100.00

St. John Knits International, Incorporated

 

Delaware, U.S.A.

 

USD379,547

 

96.95

 

96.95

Sergio Rossi S.p.A

 

San Mauro Pascoli, Italy

 

Euro44,084,197

 

99.78

 

99.09

JEANNE LANVIN

 

Paris, France

 

Euro16,297,330

 

95.27

 

95.27

LANVIN MONTE-CARLO

 

Monaco, Monaco

 

Euro150,000

 

95.17

 

95.17

Lanvin Inc.

 

New York, U.S.A.

 

USD12,028,400

 

95.27

 

95.27

L3F CROISETTE

 

Paris, France

 

Euro20,000

 

N.A.

 

95.27

L1 Bal Harbour LLC

 

Miami, U.S.A.

 

USD1,000

 

95.27

 

95.27

L2 Crystals LLC

 

Las Vegas, U.S.A.

 

USD1,000

 

95.27

 

95.27

L3 Madison LLC

 

New York, U.S.A.

 

USD1,000

 

95.27

 

95.27

L4 Rodeo Drive LLC

 

Beverly Hills, U.S.A.

 

USD1,000

 

95.27

 

95.27

L5 US ECOM LLC

 

New York, U.S.A.

 

USD1,000

 

95.27

 

95.27

L6 MADISON, LLC

 

New York, U.S.A.

 

USD1,000

 

95.27

 

95.27

L8 South Coast Plaza LLC

 

Costa Mesa, U.S.A.

 

USD1,000

 

95.27

 

95.27

L1 SPIGA Srl

 

Milan, Italy

 

Euro46,587

 

95.27

 

95.27

L1 Outlet Srl

 

San Remo, Italy

 

Euro10,000

 

95.27

 

95.27

LANVIN JAPAN K.K.

 

Tokyo, Japan

 

JPY100,000,000

 

95.27

 

95.27

LANVIN ASIA PACIFIC LIMITED

 

Hong Kong, P.R.C.

 

HKD12,000,000

 

95.27

 

95.27

Lans Atelier (SHANGHAI) Trading Co., Ltd.

 

Shanghai, P.R.C.

 

USD50,000,000

 

95.27

 

95.27

LANVIN MACAU LIMITED

 

Macao, P.R.C.

 

MOP25,000

 

95.27

 

95.27

LANVIN TAIWAN Ltd.

 

Taipei, P.R.C.

 

TWD31,000,000

 

95.27

 

95.27

LANVIN LIMITED

 

London, U.K.

 

GBP1

 

95.27

 

95.27

LANVIN HONG KONG LIMITED

 

Hong Kong, P.R.C.

 

HKD1

 

95.27

 

95.27

Wolford proizvodnja in trgovina d.o.o. (Note 30)

 

Murska Sobota, Slovenia

 

Euro500,000

 

74.65

 

61.02

Wolford Deutschland GmbH (Note 30)

 

Bielefeld, Germany

 

Euro260,000

 

74.65

 

61.02

Wolford (Schweiz) AG (Note 30)

 

Chiasso, Switzerland

 

CHF200,000

 

74.65

 

61.02

Wolford London Ltd. (Note 30)

 

Harrow, U.K.

 

GBP100,000

 

74.65

 

61.02

Wolford Paris S.A.R.L. (Note 30)

 

Paris, France

 

Euro1,525,000

 

74.65

 

61.02

Wolford Italia S.r.l. (Note 30)

 

Milan, Italy

 

Euro500,000

 

74.65

 

61.02

Wolford España S.L. (Note 30)

 

Madrid, Spain

 

Euro60,000

 

74.65

 

61.02

Wolford Scandinavia ApS (Note 30)

 

Kopenhagen, Danmark

 

DKK800,000

 

74.65

 

61.02

Wolford America, Inc. (Note 30)

 

New York, U.S.A.

 

N.A.

 

74.65

 

61.02

  ​ ​ ​

  ​ ​ ​

Nominal value of

  ​ ​ ​

% of Group

Company

Registered office

 

registered capital

2025

  ​ ​ ​

2024*

Wolford Nederland B.V. (Note 30)

 

Amsterdam,Netherlands

 

Euro50,000

 

74.65

 

61.02

Wolford Canada Inc. (Note 30)

 

Toronto,Canada

 

CAD100

 

74.65

 

61.02

Wolford Asia Limited (Note 30)

 

Hong Kong,P.R.C.

 

HKD2,850,000

 

74.65

 

61.02

Wolford Belgium N.V. (Note 30)

 

Antwerpen,Belgium

 

Euro124,000

 

74.65

 

61.02

Wolford (Shanghai) Trading Co.,Ltd. (Note 30)

 

Shanghai,P.R.C.

 

Euro3,000,000

 

74.65

 

61.02

Wolford Berangere (Note 30)

 

Paris,France

 

Euro7,622

 

74.65

 

61.02

St.John Knits,Inc.

 

California,U.S.A.

 

USD379,547.46

 

96.95

 

96.95

ST.JOHN ASIA LIMITED

 

Hong Kong,P.R.C.

 

HKD1,000,000

 

96.95

 

96.95

St.John Canada Corporation

 

Nova Scotia,Canada

 

N.A.

 

96.95

 

96.95

St.John China Limited

 

Hong Kong,P.R.C.

 

HKD100

 

96.95

 

96.95

St.John China Holdings Limited

 

Hong Kong,P.R.C.

 

USD35,000,000

 

77.56

 

77.56

St.John (Shanghai) Trading Co.,Ltd.

 

Shanghai,P.R.C.

 

USD7,000,000

 

96.95

 

96.95

St.John de Mexico S.A.de C.V.

 

Tijuana Baja,Mexico

 

PES50,000

 

96.95

 

96.95

Sergio Rossi Retail s.r.l.

 

San Mauro Pascoli,Italy

 

Euro30,000

 

99.78

 

99.09

Sergio Rossi USA Inc.

 

New York,U.S.A.

 

USD150,000

 

99.78

 

99.09

Sergio Rossi UK Limited

 

London,U.K.

 

GBP2,350,000

 

99.78

 

99.09

Sergio Rossi Japan Limited

 

Tokyo,Japan

 

JPY100,000,000

 

99.78

 

99.09

Sergio Rossi Hong Kong Limited

 

Hong Kong,P.R.C.

 

HKD99,582,000

 

99.78

 

99.09

Sergio Rossi Shanghai Trading Limited

 

Shanghai,P.R.C.

 

Euro11,000,000

 

98.89

 

99.09

Sergio Rossi Deutschland GmbH

 

München,Germany

 

Euro25,000

 

99.78

 

99.09

FAM Industrial S.r.l. (Note 12)

San Mauro Pascoli, Italy

EUR 44,084,196.50

99.78

N.A.

Summary of depreciation on a straight-line basis over the estimated useful lives of the assets

Buildings

10 to 50 years

Machinery and equipment

 

3 to 20 years

Leasehold improvements

 

5 to 15 years

Office equipment

 

2 to 10 years

Other

 

2 to 10 years

Summary of intangible assets with a definite useful life are amortized on a straight-line basis

Trademarks and patents

 

3 to 10 years

Software

 

2 to 10 years

Other

 

1 to 5 years