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Borrowings
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]    
Borrowings
16. Borrowings
The following table provides a breakdown for non-current and current borrowings:
(€ thousands)Committed LoansOther financial loansTotal borrowings
At December 31, 2021578,213 50,725 628,938 
Repayments(26,528)(50,159)(76,687)
Other397 — 397 
At June 30, 2022552,082 566 552,648 
of which:
Non-current305,883 295 306,178 
Current246,199 271 246,470 
The Group enters into interest rate swaps to hedge the risk of fluctuations in interest rates on its borrowings that bear floating rates of interest. The use of interest rate swaps is exclusively to hedge interest rate risks associated with monetary flows and not for speculative purposes.
The following table summarize the Group’s financial liabilities at June 30, 2022, into relevant maturity groupings based on their contractual maturities:
(€ thousands)Carrying amount at June 30, 2022Within 1 Year2 years3 yearsBeyond
Derivative financial instruments 21,483 21,483 — — — 
Trade payables and customer advances228,626 228,626 — — — 
Borrowings552,648 250,674 207,403 87,896 15,636 
Lease liabilities445,487 126,172 122,573 80,846 209,823 
Other current and non-current financial liabilities216,000 28,639 27,870 — 159,491 
Total1,464,244 655,594 357,846 168,742 384,950 
In June 2022 the Group entered into a bilateral financing agreement in the form of a committed revolving line for an amount of €100 million and for a period of 7 years. The interest rate is linked to the following two important ESG targets previously disclosed by the Group: (i) at least 50% of top priority raw materials are traced to their geography of origin and from lower-impact sources by 2026; and (ii) 100% of the electricity is from renewable sources in Europe and the United States by 2024. The line was undrawn at June 30, 2022.
 Borrowings
The following table provides a breakdown for non-current and current borrowings:
(Euro thousands)20212020
Committed
Loans 		Other
financial loans 		Total
borrowings 		Committed
Loans 		Other
financial loans		Total
borrowings
At January 1,
613,415 51,336 664,751 619,308 984 620,292 
Repayments(56,029)(104,181)(160,210)(221,029)— (221,029)
Proceeds20,000 103,570 123,570 215,000 50,352 265,352 
Other827 — 827 136 — 136 
At December 31,
578,213 50,725 628,938 613,415 51,336 664,751 
Of which:
Non-current470,934 712 471,646 557,386 1,336 558,722 
Current107,279 50,013 157,292 56,029 50,000 106,029 
The repayment schedule for borrowings is summarized below:
(Euro thousands)At December 31, 2021Year 1Year 2Year 3Year 4Year 5 and
beyond
Committed loans578,213 107,279 281,028 133,872 43,965 12,069 
Other financial liabilities50,725 50,013 20 680 12 — 
Total borrowings
628,938 157,292 281,048 134,552 43,977 12,069 
(Euro thousands)At December 31, 2020Year 1Year 2Year 3Year 4Year 5 and
beyond
Committed loans613,415 56,029 107,500 281,250 130,000 38,636 
Other financial liabilities51,336 50,000 — — 874 462 
Total borrowings
664,751 106,029 107,500 281,250 130,874 39,098 
Interest on certain of the Group’s borrowings is calculated based on variable rates. Management may use interest rate swaps (“IRS”) or other derivative financial instruments to hedge exposure to fluctuations in interest rates associated with monetary flows and not for speculative purposes. See Note 41 - Qualitative and quantitative information on financial risks for additional information related to the Group’s management of interest rate and other financial risks.
The following tables provide details relating to the Group’s individual borrowings.
At December 31, 2021
BorrowerInterest
rate		TermsExpiry dateof which
current
portion		of which
non-current
portion
(Euro thousands)
Co.Ti Service S.A.Fixed0.79%February 202210,000 — 
Co.Ti Service S.A.Fixed0.79%March 20225,000 — 
Ermenegildo Zegna N.V.Fixed0.00%March 202215,000 — 
Ermenegildo Zegna N.V.Fixed0.00%March 202235,000 — 
Ermenegildo Zegna N.V.Variable
Euribor 3m + 0.69%
September 20229,998 — 
Ermenegildo Zegna N.V.Fixed1.25%December 202210,000 — 
Ermenegildo Zegna N.V.Variable
IRS + 1.48%
January 2023— 19,999 
Ermenegildo Zegna N.V.Variable
IRS + 0.80%
February 2023— 20,000 
Ermenegildo Zegna N.V.Fixed0.77%March 2023— 15,000 
Ermenegildo Zegna N.V.Fixed0.49%April 2023— 49,993 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.75%
May 2023— 44,991 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.83%
June 202312,485 6,247 
Ermenegildo Zegna N.V.Variable
IRS + 1.05%
August 2023— 39,993 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.80%
September 202349,836 — 
Ermenegildo Zegna N.V.Variable
IRS + 0.75%
November 2023— 59,948 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.75%
November 20239,960 4,966 
Ermenegildo Zegna N.V.Fixed1.22%November 2023— 20,000 
Ermenegildo Zegna N.V.Variable
IRS + 0.81%
April 2024— 79,936 
Lanificio Ermenegildo Zegna e Figli S.p.A.Fixed1.35%June 2024— 655 
Ermenegildo Zegna N.V.Variable
IRS + 0.60%
December 2024— 49,901 
Co.Ti Service S.A.Fixed0.75%March 2025— 20,000 
Co.Ti Service S.A.Fixed0.75%April 2025— 10,000 
Ermenegildo Zegna N.V.Variable
Euribor 1m + 0.76%
May 2025— 9,993 
Ermenegildo Zegna N.V.Fixed0.73%September 2028— 19,967 
OtherFixed0.05%June 202513 57 
Total
157,292 471,646 
of which fixed75,013 135,672 
of which variable82,279 335,974 
At December 31, 2020
BorrowerInterest
rate		TermsExpiry dateof which
current
portion 		of which
non-current
portion
(Euro thousands)
Ermenegildo Zegna N.V.Fixed0.00%April 202115,000 — 
Ermenegildo Zegna N.V.Fixed0.73%October 202117,500 — 
Ermenegildo Zegna N.V.Variable
Euribor 3m + 0.73%
October 202117,500 — 
Ermenegildo Zegna N.V.Fixed0.80%December 20213,529 — 
Co.Ti Service S.A.Fixed0.79%February 2022— 10,000 
Co.Ti Service S.A.Fixed0.79%March 2022— 5,000 
Ermenegildo Zegna N.V.Variable
Euribor 3m + 0.69%
September 2022— 10,000 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.80%
September 202230,000 50,000 
Ermenegildo Zegna N.V.Fixed1.25%December 2022— 10,000 
Ermenegildo Zegna N.V.Variable
IRS + 1.48%
January 2023— 20,000 
Ermenegildo Zegna N.V.Variable
IRS + 0.80%
February 2023— 20,000 
Ermenegildo Zegna N.V.Fixed0.77%March 2023— 15,000 
Ermenegildo Zegna N.V.Fixed0.49%April 2023— 50,000 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.75%
May 2023— 45,000 
Ermenegildo Zegna N.V.Variable
Euribor 6m + 0.83%
June 202312,500 18,750 
Ermenegildo Zegna N.V.Variable
IRS + 1.05%
August 2023— 40,000 
Ermenegildo Zegna N.V.Fixed1.22%November 2023— 20,000 
Ermenegildo Zegna N.V.Fixed1.09%November 2023— 60,000 
Ermenegildo Zegna N.V.Variable
IRS + 0.75%
November 202310,000 14,972 
Ermenegildo Zegna N.V.Variable
IRS + 0.81%
April 2024— 80,000 
Ermenegildo Zegna N.V.Variable
IRS + 0.60%
December 2024— 50,000 
Co.Ti Service S.A.Fixed0.75%March 2025— 20,000 
Co.Ti Service S.A.Fixed0.75%April 2025— 10,000 
E.Z. HolditaliaVariable
Euribor 1m + 0.76%
May 2025— 10,000 
Total
106,029 558,722 
of which fixed36,029 200,000 
of which variable70,000 358,722