Segment reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment reporting

Summary of financial information of segment


		For the year ended December 31, 2025
										Other and
								Sergio		holding		Eliminations		Group
(Euro thousands)		Lanvin		Wolford		St. John		Rossi		companies		and Unallocated		Consolidated
Segment results
Sales outside the Group		57,503		75,481		77,763		28,958		793		—		240,498
Intra-Group sales		124		105		475		577		7,405		(8,686)		—
Total revenue		57,627		75,586		78,238		29,535		8,198		(8,686)		240,498
Cost of sales		(23,952)		(31,626)		(24,639)		(20,056)		(720)		373		(100,620)
Gross profit		33,675		43,960		53,599		9,479		7,478		(8,313)		139,878
Loss from operations before non-underlying items														(215,385)
Non-underlying items														(16,263)
Finance cost – net														(35,490)
Loss before income tax														(267,138)
Income tax benefits														15,775
Loss from continuing operations														(251,363)
Other segment information
Depreciation and amortization		15,243		10,165		9,991		3,773		59		—		39,231
Of which: Right-of-use assets		11,388		8,132		8,114		2,172		—		—		29,806
Other		3,855		2,033		1,877		1,601		59		—		9,425
Provisions and impairment losses		(2,501)		5,093		1,904		1,382		66,730		—		72,608


		For the year ended December 31, 2024*
										Other and
								Sergio		holding		Eliminations		Group
(Euro thousands)		Lanvin		Wolford		St. John		Rossi		companies		and Unallocated		Consolidated
Segment results
Sales outside the Group		82,720		87,891		79,267		41,297		689		—		291,864
Intra-Group sales		—		—		—		613		9,926		(10,539)		—
Total revenue		82,720		87,891		79,267		41,910		10,615		(10,539)		291,864
Cost of sales		(34,280)		(36,896)		(24,816)		(24,043)		(820)		1,487		(119,368)
Gross profit		48,440		50,995		54,451		17,867		9,795		(9,052)		172,496
Loss from operations before non-underlying items														(166,765)
Non-underlying items														10,243
Finance cost – net														(29,398)
Loss before income tax														(185,920)
Income tax expenses														(3,086)
Loss from continuing operations														(189,006)
Other segment information
Depreciation and amortization		17,822		12,644		10,065		4,747		71		—		45,349
Of which: Right-of-use assets		12,242		10,769		7,890		3,020		—		—		33,921
Other		5,580		1,875		2,175		1,727		71		—		11,428
Provisions and impairment losses		(4,085)		6,476		(310)		1,951		30,995		—		35,027

*In accordance with IFRS 5, the segment information for 2024 has been restated, with the Caruso Brand presented as a discontinued operation (see Note 12).


		For the year ended December 31, 2023*
										Other and
								Sergio		holding		Eliminations		Group
(Euro thousands)		Lanvin		Wolford		St. John		Rossi		companies		and Unallocated		Consolidated
Segment results
Sales outside the Group		111,725		126,280		90,398		58,186		387		—		386,976
Intra-Group sales		15		—		—		1,332		10,158		(11,505)		—
Total revenue		111,740		126,280		90,398		59,518		10,545		(11,505)		386,976
Cost of sales		(47,193)		(42,941)		(33,024)		(29,083)		(414)		6,079		(146,576)
Gross profit		64,547		83,339		57,374		30,435		10,131		(5,426)		240,400
Loss from operations before non-underlying items														(118,181)
Non-underlying items														(3,781)
Finance cost – net														(20,014)
Loss before income tax														(141,976)
Income tax benefits														(3,323)
Loss from continuing operations														(145,299)
Other segment information
Depreciation and amortization		15,115		14,190		10,071		6,254		164		—		45,794
Of which: Right-of-use assets		9,714		11,979		7,193		3,449		—		—		32,335
Other		5,401		2,211		2,878		2,805		164		—		13,459
Provisions and impairment losses		(6,309)		7,611		1,492		1,077		(4,136)		—		(265)

*In accordance with IFRS 5, the segment information for 2023 has been restated, with the Caruso Brand presented as a discontinued operation (see Note 12).

Summary of non-current assets by geography


		At December 31,
(Euro thousands)		2025		2024
EMEA ⁽¹⁾		165,152		255,836
North America ⁽²⁾		96,200		125,662
Greater China ⁽³⁾		49,750		53,187
Other Asia ⁽⁴⁾		1,179		2,837
Total non-current assets (other than deferred tax assets)		309,281		437,522

(1)	EMEA includes EU countries, the United Kingdom, Switzerland, the countries of the Balkan Peninsula, Eastern Europe, Scandinavian, Azerbaijan, Kazakhstan and the Middle East.

(2)	North America includes the United States of America and Canada.

(3)	Greater China includes Mainland China, Hong Kong, Macao and Taiwan.

(4)	Other Asia includes Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries.