v3.25.2
Intangible assets (Tables)
6 Months Ended
Jun. 30, 2025
Disclosure of detailed information about intangible assets [abstract]  
Summary of Breakdown For Intangible Assets
The following table provides a breakdown for intangible assets:

(€ thousands)GoodwillBrandConcessions, licenses, trademarks and patentsOther intangible assetsIntangible assets in progressTotal
Historical cost at December 31, 2024275,630173,192153,324195,234254797,634
Additions5276,0913766,994
Disposals(2)(1,026)(1,028)
Exchange differences(26,018)(19,669)(12,483)(3,441)(9)(61,620)
Other movements and reclassifications32132(99)65
Historical cost at June 30, 2025249,612153,523141,398196,990522742,045
Accumulated amortization at December 31, 2024(47,267)(136,004)(183,271)
Amortization(2,504)(9,268)(11,772)
Impairment(39)(39)
Disposals2968970
Exchange differences1,1272,9964,123
Other movements and reclassifications(31)159128
Accumulated amortization at June 30, 2025(48,673)(141,188)(189,861)
Carrying amount at:
December 31, 2024275,630173,192106,05759,230254614,363
June 30, 2025249,612153,52392,72555,802522552,184
Schedule of Sensitivity of the Impairment Testing to Reasonably Possible Changes in Both Assumptions
The following table presents the results of a sensitivity analysis performed to verify whether reasonably possible changes in the main assumptions used to determine the recoverable amount of the Thom Browne segment would significantly affect the results of the impairment test. The results of the sensitivity analysis confirmed that there would be no impairment for the changes in the assumptions applied.
Existing assumptionsSensitivity effects on headroom
(€ millions, except percentages and basis points)HeadroomWACC (%)EBITDA CAGR (%) 2028 vs. 2024Growth rate (%)WACC
+100 bps
EBITDA CAGR
-500 bps
Growth rate
-50 bps
Thom Browne segment1708.53%+19.0%2.75%51105114