Spanish sportswear manufacturer Luanvi saw its revenues increase by between 12 percent and 15 percent in 2023 compared with 2022, with sales reaching nearly €17 million, CMD Sport has reported. The company expects to post once again double-digit sales growth in 2024.
Growth was supported by a new agreement with New Balance, signed at the end of 2022. The deal made Luanvi the official distributor of the New Balance “Teamwear” category in Spain, Portugal and Andora until 2025.
Luanvi is headquartered in Paterna, in the Valencian Community. Created in the early 1970s, the company is named after its three founders (Luis, Antonio and Vicente).
