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Summary of significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Principal Foreign Currency Exchange Rates
The following table presents the principal foreign currency exchange rates used by the Group to translate other currencies into Euro:
202220212020
At December 31,AverageAt December 31,AverageAt December 31,Average
U.S. Dollar1.0671.0531.1331.1831.2271.142
Swiss Franc0.9851.0051.0331.0811.0801.070
Chinese Renminbi7.3587.0797.1957.6298.0237.874
Pound Sterling0.8870.8530.8400.8600.8990.890
Hong Kong Dollar8.3168.2458.8339.1939.5148.857
Singapore Dollar1.4301.4511.5281.5891.6221.574
United Arab Emirates Dirham3.9173.8674.1604.3444.5074.194
Japanese Yen140.660138.027130.380129.877126.490121.832
Summary of Scope of Consolidation The following table presents the Zegna Group’s scope of consolidation at December 31, 2022 and 2021:
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
At December 31,
20222021
Companies consolidated on a line-by-line basis
Parent company
Ermenegildo Zegna N.V. Amsterdam (Netherlands) 5,938,873 
Italian subsidiaries
In.co. S.p.A.Biella4,050,000 Ermenegildo Zegna N.V.100 %100 %
Lanificio Ermenegildo Zegna e Figli S.p.A.Valdilana (BI)3,100,000 Ermenegildo Zegna N.V.100 %100 %
Ezi S.p.A.Milan5,750,000 Ermenegildo Zegna N.V.100 %100 %
EZ Service S.r.l.Valdilana (BI)500,000 Ermenegildo Zegna N.V.100 %100 %
Bonotto S.p.A.Colceresa (VI) 1,239,600 Ermenegildo Zegna N.V.60 %60 %
Cappellificio Cervo S.r.l.Biella300,000 Ermenegildo Zegna N.V.51 %51 %
Thom Browne Services Italy S.r.l.Milan10,000 Thom Browne Trading SA90 %90 %
Thom Browne Retail Italy S.r.l.Milan10,000 Thom Browne Services Italy S.r.l.90 %90 %
Gruppo Dondi S.p.A.Carpi (MO)1,502,800 Ermenegildo Zegna N.V.65 %65 %
Tessitura Ubertino S.r.l.Valdilana (BI) 100,000 Ermenegildo Zegna N.V.60 %60 %
Foreign subsidiaries
Investindustrial Acquisition Corp. (“IIAC”)Cayman Islands5,614 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Giyim Sanayi ve Tic. A. S.Istanbul (Turkey)32,291,439 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna H.m.b.H.Wien (Austria)610,000 Ermenegildo Zegna N.V.100 %100 %
Société de Textiles Astrum France S.à.r.l.Paris (France)500,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna GmbHMunich (Germany)6,577,421 Ermenegildo Zegna N.V.100 %100 %
Zegna Japan Co., LTDMinato-Ku-Tokyo (Japan)100,000,000 Ermenegildo Zegna N.V.100 %100 %
Fantasia (London) LimitedLondon (UK)7,000,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna S.A. de C.V.Ciudad de Mexico (Mexico)459,600,000 Ermenegildo Zegna N.V.100 %100 %
Ezeti Portugal. S.A.Lisbon (Portugal)800,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Madrid S.A.Barcelona (Spain)901,500 Ezeti S.L.70 %70 %
Ezeti S.L.Barcelona (Spain)500,032 Italco S.A.100 %100 %
Italco S.A.Sant Quirze (Spain)1,911,300 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Czech s.r.oPrague (Czech Republic) 1,350,000 Ermenegildo Zegna N.V.100 %100 %
Co.Ti. Service S.A.Stabio (Switzerland)27,940,000 Ermenegildo Zegna N.V.100 %100 %
Consitex S.A.Stabio (Switzerland)15,000,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna CorporationNew York, NY500,000 Ermenegildo Zegna N.V.100 %100 %
Zegna (China) Enterprise Management Co., Ltd.Shanghai (China)58,309,140 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna (China) Co., LTDShanghai (China)50,000,000 Ermenegildo Zegna N.V.100 %100 %
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
At December 31,
20222021
Ismaco Amsterdam B.V.Amsterdam (Netherlands) 226,890 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Far-East Pte LTDSingapore21,776,432 Consitex S.A.100 %100 %
Ermenegildo Zegna Hong Kong LTDHong Kong538,240,000 Ermenegildo Zegna N.V.100 %100 %
E.Z. Trading (Hong Kong) LTDHong Kong58,620,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Canada Inc.Toronto (Canada)700,000 Consitex S.A.100 %100 %
Ermenegildo Zegna Australia PTY LTDSydney (Australia)18,000,000 Ermenegildo Zegna Far-East Pte LTD100 %100 %
E. Z. New Zealand LTDAuckland (New Zealand)3,300,000 Ermenegildo Zegna N.V.100 %100 %
Ezesa Argentina S.A.Buenos Aires (Argentina)9,421,014 Ermenegildo Zegna N.V. / Italco S.A.100 %100 %
E. Z. Thai Holding LtdBangkok (Thailand)3,000,000 Ermenegildo Zegna N.V.49 %49 %
The Italian Fashion Co. LTDBangkok (Thailand)16,000,000 E. Z. Thai Holding Ltd / Ermenegildo Zegna Far-East Pte LTD65 %65 %
Zegna South Asia Private LTDMumbai (India)902,316,770 Ermenegildo Zegna N.V.51 %51 %
ISMACO TEKSTİL LİMİTED ŞİRKETİIstanbul (Turkey)10,000,000 Ermenegildo Zegna N.V. / Ismaco Amsterdam B.V.100 %100 %
Ezesa Brasil Participacoes LTDASan Paolo (Brazil)77,481,487 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna (Macau) LTDKowloon Bay (Hong Kong)4,650,000 Consitex S.A.100 %100 %
Ermenegildo Zegna Malaysia Sdn. Bhd.Kuala Lumpur (Malaysia)3,000,000 Ermenegildo Zegna Far-East Pte LTD100 %100 %
Ermenegildo Zegna Maroc S.A.R.L.A.U.Casablanca (Morocco) 530,000 Ermenegildo Zegna N.V.100 %100 %
Ermenegildo Zegna Vietnam LLCHanoi City (Vietnam)132,294,900,000 Ermenegildo Zegna N.V.90 %77 %
Zegna Gulf Trading LLCDubai (UAE)300,000 Consitex S.A.49 %49 %
EZ US Holding Inc.Wilmington (U.S.A.)1,000,099 Consitex S.A.100 %100 %
E.Zegna Attica Single Member Societé AnonymeAthens (Greece)650,000 Ermenegildo Zegna N.V.100 %100 %
Zegna for Retail of Readymade and Novelty Clothes W.L.L.Kuwait City (Kuwait)125,000 Zegna Gulf Trading LLC49 %— %
Thom Browne Inc.Wilmington (U.S.A.)5,510 Ermenegildo Zegna N.V.90 %90 %
Thom Browne Japan Inc.Tokyo (Japan)1,000,000 Thom Browne Inc.90 %90 %
Thom Browne Trading SAStabio (Switzerland)100,000 Thom Browne Inc.90 %90 %
Thom Browne France ServicesParis (France)50,000 Thom Browne Trading SA90 %90 %
Thom Browne UK LimitedBeckenham (UK)1 Thom Browne Trading SA90 %90 %
Thom Browne (China) Co., Ltd.(*)
Shanghai (China)900,000 Thom Browne Trading SA90 %90 %
Thom Browne (Macau) LimitedHong Kong500,000 Thom Browne Trading SA90 %90 %
Thom Browne CanadaVancouver (Canada)100 Thom Browne Trading SA90 %90 %
Thom Browne Hong Kong LimitedHong Kong500,000 Thom Browne Trading SA90 %90 %
Thom Browne Eyewear (T.B.E.) SAStabio (Switzerland) 1,000,000 Thom Browne Trading SA90 %— %
Thom Browne Eyewear France SASParis (France)40,000 Thom Browne Eyewear SA90 %— %
Investments accounted for using the equity method
Italian associates and joint arrangements
Pelletteria Tizeta S.r.l.Sesto Fiorentino (FI)206,816 Ermenegildo Zegna N.V.50 %50 %
Filati Biagioli Modesto S.r.l.Montale (PT)7,900,000 Ermenegildo Zegna N.V.40 %40 %
Foreign associates and joint arrangements
Tom Ford International LLCDelaware (U.S.A.)82,366,000 EZ US Holding Inc.15 %15 %
Other investments valued at fair value
CompanyRegistered officeShare capital (functional currency)Held directly by% Group
At December 31,
20222021
Acquedotto Piancone S.r.l.Valdilana (BI)42,000 Lanificio Ermenegildo Zegna e Figli S.p.A.67 %67 %
Pettinatura di Verrone S.r.l.Verrone (BI)3,000,000 Lanificio Ermenegildo Zegna e Figli S.p.A.15 %15 %
Sharmoon.EZ.Garments Co. LtdWenzhou (China)100,000,000 Ermenegildo Zegna N.V.50 %50 %
F2 S.r.l.Schio (VI)90,000 Bonotto S.p.A.29 %29 %
Consorzio Re.CreaMilan660,000 Ermenegildo Zegna N.V.17 %— %
_________________
(*)     Formerly known as Tailoring Luxury Co. Ltd.

The following changes in the scope of consolidation of the Group occurred during the year ended December 31, 2022:
•In March 2022, Thom Browne Eyewear (T.B.E.) SA, a limited liability company based in Switzerland and fully owned by Thom Browne Trading SA, was incorporated, primarily to manage the design, production, and sale of eyewear, jewelry and similar products. The Group held a 90% interest in the company at December 31, 2022.
•In June 2022, the Group acquired an additional 13.9% interest in Ermenegildo Zegna Vietnam LLC through a capital increase of €2,232 thousand, following which the Group owns 90.5% of the company (76.6% at December 31, 2021).
•In August 2022, Zegna for Retail of Readymade and Novelty Clothes W.L.L., a limited liability company fully owned by Zegna Gulf Trading LLC, was incorporated, primarily to manage the operating activities in Kuwait. The Group held a 49% interest in the company at December 31, 2022.
•In August 2022, Consorzio Re. Crea was founded by the Group together with other leading companies and groups within the fashion industry in order to manage end-of-life of textile and fashion products and with a view to promote research and development of innovative recycling solutions. The Group held a 16.7% interest in the company at December 31, 2022.
•In December 2022, Thom Browne Eyewear France SAS, a limited liability company based in France and fully owned by Thom Browne Eyewear SA, was incorporated, primarily to provide consultancy and management services in the business of sales of eyewear and accessories as well as to ensure the conformity of such products according to European regulations. The Group held a 90% interest in the company at December 31, 2022.
Summary of Estimated Useful Lives of the Assets
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
Category of Property, Plant and EquipmentDepreciation Rate
Buildings
3% - 10%
Plants and machinery
12.5% - 17.5%
Industrial and commercial equipment
20% - 25%
Other tangible assets
12% - 25%
Summary of Intangible Assets with a Definite Useful Life
Intangible assets with a definite useful life are amortized on a straight-line basis at the following rates:
Category of Intangible Assets with a Finite Useful LifeDepreciation Rate
Concessions, licenses, trademarks and patents
2.5% - 25.0%
Software
10% - 33%
Know how
20%
Development costs and other intangibles
10% - 33%