Rotelpa owned Oky Coky, which dressed Queen Letizia — textile firm filed for liquidation

Rotelpa S.L. was a Vigo-based textile company and parent of the Oky Coky womenswear brand, which dressed Queen Letizia of Spain, Catherine Zeta-Jones, and TV presenter Anne Igartiburu. Founded in 1986 by Geli Torres and Sandro Portela, it grew from a small workshop in the Regojo textile district into a brand present in 400 points of sale across seven countries. It defined itself as sustainable luxury and kept all manufacturing in factories near Vigo.

The company filed for voluntary insolvency on June 15, 2026 before the Mercantile Court No. 3 of Vigo. The court declared the insolvency structural rather than transitory, citing three consecutive loss years (2023–2025), a €195,930 operating loss in 2025, and a cumulative 15% revenue decline over two years. It opened liquidation and dissolution simultaneously — the company was beyond saving.

The court identified external causes (the textile industry's transformation toward large chains with offshore production, margin compression, and the disappearance of traditional sales channels) and internal ones (rigid cost structure, an oversized workforce for current revenue, and severe cash flow tensions that forced asset sales). The administrators were suspended and a concursal administrator appointed. The process cannot exceed 12 months.