The Valencian sportswear brand Luanvi was forced to enter bankruptcy proceedings after accumulating a debt of more than 11 million euros. Its business model, based on purchasing materials from China, was disrupted during the pandemic, as was the loss of its CEO and founder, Vicente Tarancón, in the DANA. The Valencian brand, known for having outfitted several First Division football clubs and basketball teams, is facing its worst crisis since its founding.