The French company Le Coq Sportif has filed for insolvency proceedings against its Spanish subsidiary, Modaes.com reported. The Spanish company of the sports equipment and fashion company has filed for bankruptcy proceedings, after the French parent company also went to court and was rescued by businessman Dan Mamane. Le Coq Sportif, which once had stores in the main Spanish cities, currently operates only two outlets in outlet format, located in Viladecans (Barcelona) and San Sebastián de los Reyes (Madrid).
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
German and Spanish inflation climbed again in April to multiyear highs as tensions in the Middle East continued to drive up energy prices, the Wall Street Journal reported. Consumer prices were 2.9% higher than a year earlier in Germany, an increase in the annual rate of inflation from 2.8% in March, according to EU-harmonized figures published by Destatis on Wednesday, its highest since January 2024. Spain’s statistics agency INE said inflation rose to 3.5% in April from 3.4% in March, reaching its strongest level since June 2024.
Read more
Spain’s unemployment rate climbed back to a double-digit figure in the first quarter, as job losses almost doubled compared with the same period of 2025, in what is typically the weakest part of the year for the country’s seasonal jobs market, the Wall Street Journal reported. Unemployment rose to 10.83% in the January-March period, from 9.93% in the final quarter of last year, Spain’s statistics agency INE said Tuesday.
Read more
Spanish steel pipe maker Tubos Reunidos may file for insolvency as soon as early May, Spanish newspaper El Confidencial reported – and the shares fell about 35% on April 27, Finimize.com reported. Tubos Reunidos makes “seamless” steel tubes (pipes without a welded seam) for energy and industrial customers, but it’s been squeezed by weak pricing, competition, and a stronger euro versus the US dollar. The company reported net debt of €263 million and a €118 million net loss for 2025, and it pointed to tariff policy and cheaper imports as key headwinds.
Read more
Spain's inflation rate rose to 3.4% in March, driven mainly by higher fuel prices linked to the Middle East war, Reuters reported. The figure, confirmed by the National Statistics Institute (INE), represents an increase of 1.1 percentage points from the 2.3% recorded in February and one tenth above the provisional estimate published at the end of March. Core inflation, which strips out energy and fresh food, reached 2.7% in March, two tenths above both February's reading and the INE's initial advance.
Read more
Despite European funds, foreign direct investment (FDI) in Spain fell to €30.76 billion in 2025 — down 21.8% on the previous year and the lowest figure since 2021, according to Spain's Ministry of Economy, EuroNews.com reported. The drop contrasts sharply with the peak reached in 2024, when FDI reached €39.35 billion. In net terms — after deducting disinvestments — the decline was 10%.
Read more
The chairman of Spanish defence firm Indra, Angel Escribano, submitted his resignation on Wednesday, saying that staying on could "jeopardise the company’s stability" following a recent failed deal with his own company, Reuters reported. Indra said in a statement it had initiated the succession process, but did not give any further details. Indra shares went on a roller-coaster ride during the day after several news outlets reported Escribano was about to resign, but ended 3% higher.
Frutas Tadeo SA has filed for bankruptcy, a procedure currently being handled by the Commercial Court number 2 in Santa Cruz de Tenerife, Tenerife Weekly reported. This represents a complete insolvency, as the financial statements reveal the absence of assets. The court has granted creditors 15 days to evaluate the appointment of an insolvency administrator. If any irregularities are identified, the social action of liability against the administrator may be pursued. Lastly, the report should indicate whether there are sufficient grounds to classify the bankruptcy as culpable.
Spain's Prime Minister Pedro Sánchez said his government would mobilise €5 billion to shield the economy from the impact of the war in Iran, EuroNews.com reported. "The war will cost Spaniards €5 billion," he said, adding that additional resources could be deployed if necessary. The package is designed to support around 20 million households and 3 million companies. While it will not fully offset the effects of the conflict, the government hopes it will soften the economic blow. Sánchez also said that the measures will save up to €200 million for energy-intensive industries.
Read more