Lease liabilities

6 Months Ended

Jun. 30, 2026

13.Lease liabilities


(Euro thousands)		Lease liabilities
At December 31, 2025		122,173
Additions due to new leases and store renewals		17,748
Interest expense		2,818
Repayment of lease liabilities (including interest expense)		(17,699)
Contract modifications		(718)
Disposals		(9,828)
Net foreign exchange differences		1,786
At June 30, 2026		116,280
Of which:
Non-current		90,719
Current		25,561

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.