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Other Current Liabilities
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Other Current Liabilities Other current liabilities
The following table provides a breakdown for other current liabilities:
(Euro thousands)At December 31,
20212020
Due to employees51,847 26,134 
VAT and other taxes28,609 19,993 
Accrued expenses15,319 19,739 
Social security institutions8,683 9,147 
Deferred income3,591 1,624 
Other current liabilities16,307 — 
Total other current liabilities
124,356 76,637 
Amounts due to employees include deferred compensation, accrued and untaken leave and related social contributions. At December 31, 2021, amounts due to employees also include the Zegna family’s grant of a Euro 1,500 special gift to each employee of the Zegna group, amounting to a total of Euro 10,916 thousand, as a result of the Company’s listing completed on December 20, 2021. The amount was subsequently paid to employees in February 2022. Monterubello agreed to reimburse the cost incurred by the Group as an equity contribution, which was received in February 2022.
Accrued expenses primarily include payroll accruals and rental expenses.
Other current liabilities at December 31, 2021 primarily include amounts due to the Company’s Board of Directors for board fees, contingent consideration for the acquisition of Tessitura Ubertino, and liabilities relating to customs and vouchers and other sundry amounts.