US EditionTernua Group Has Filed for Bankruptcy Due to Its Inability to Pay Its 16 Million Euros Debt.
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The textile group Ternua, based in Arraste, has presented this Friday a voluntary creditor contest in the Commercial Court number ...
deia.eus
noticiasdealava.eusTernua Group, a textile company based in Arrasate that markets its products under the brands Ternua, Astore, Lorpen and Loreak Mendian, has presented a voluntary creditor contest because it cannot face, according to the argument, a “critical” situation of the textile market on a global level that has impacted directly, with negative results both in 2023 and in 2024. This decision affects a workforce that amounts to 180 people.
The changes in consumption caused by the pandemic have put one of the symbols of the Basque Country's clothing industry, Ternua Group, in serious trouble. The Arrasate-based group is known mainly for its mountain clothing, and its sales have fallen sharply recently, which has left a deep hole in Ternua's accounts. It has suffered losses in the last two years and, unable to pay its debts, has filed for bankruptcy. As a result, Ternua will be plac…
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