Lease liabilities

6 Months Ended

Jun. 30, 2025

17. Lease liabilities

The following table provides a breakdown for lease liabilities.


(€ thousands)			Lease liabilities
At December 31, 2024			661,685
Interest expense			13,366
Repayment of lease liabilities (including interest expense)			(86,431)
Additions due to new leases and store renewals			152,615
Decrease of lease liabilities due to store closures			(5,143)
Translation differences			(49,770)
At June 30, 2025			686,322
of which:
Non-current			554,825
Current			131,497

In certain countries, leases for stores entail the payment of both minimum amounts and variable amounts, especially for stores with lease payments indexed to revenue. As required by IFRS 16, only the minimum fixed lease payments are capitalized.

For information relating to contractual maturities of lease liabilities, see Note 15 — Borrowings.