Revenue (Tables)

12 Months Ended

Dec. 31, 2025

Summary of breakdown of revenue by sales channels


		For the years ended December 31,
(Euro thousands)		2025		2024*		2023*
Direct To Consumer (DTC)		164,049		200,752		246,973
Wholesale		66,670		78,898		122,354
Other⁽¹⁾		9,779		12,214		17,649
Total revenue by sales channel		240,498		291,864		386,976

*	In accordance with IFRS 5, the revenue information for 2024 and 2023 has been restated, with the Caruso Brand presented as a discontinued operation (see Note 12).

(1)Other revenues mainly include royalties and certain sales of old season products.

Summary of disclosure of revenue of geographical area


		For the years ended December 31,
(Euro thousands)		2025		2024*		2023*
North America		116,048		123,786		142,765
EMEA		90,529		114,667		169,175
Greater China		19,487		33,882		53,153
Other Asia		14,434		19,529		21,883
Total revenue by geographic area		240,498		291,864		386,976