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SAP S/4HANA for Fashion and Vertical business - Licensing

Hello All,

According to the SAP Help the “Fashion and Vertical business” is an end-to-end solution for companies with Retail, Wholesale and manufacturing processes (https://help.sap.com/viewer/77c07c8d30664260a0b3ff864e6b5e78/1809.002/en-US/1670f35768c4f132e10000000a441470.html)

Could you please clarify from the Licensing perspective should a Customer buy licenses

1) both for Retail and for Fashion?

OR

2) only Fashion if the functionality is sufficient to cover business processes?

Thank you in advance!

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