Overview

• The Commercial Court No. 2 of Valencia approved Luanvi’s voluntary insolvency petition on June 20, officially launching the concurso de acreedores process.
• The court’s ruling was published in the Boletín Oficial del Estado in early July, establishing the legal framework for debt restructuring.
• Javier Tarancón, who became executive director in January after his father’s death in the October 2024 floods, was replaced when the court intervened.
• Luanvi sought debt restructuring in September 2024 after more than a year of missed supplier payments and rising financial losses.
• Since the early 1970s, the Paterna-based company has outfitted Olympic athletes and supplied kits to elite clubs such as Valencia CF, Granada CF and Valencia Basket.