The parent company of Bob’s Stores and EMS filed for Ch. 11 protection in Wilmington, DE, U.S. bankruptcy court, listing $10 to $50 million in both assets and liabilities.

Eroding market conditions have derailed the planned June 21 IPO for the Italian luxury sneaker brand on the Milan stock exchange, with the abrupt withdrawal coming one day after Bloomberg reported pricing at €9.75 per share, near the bottom end of its marketed €9.50-€10.50 range.

The Italian fitness equipment specialist’s consolidated revenues inched up 7% in the first quarter to €187.5 million ($203.8 mm) powered by growth in both B2B (commercial) and B2C (home) segments.

Atul Midha has taken the reins at the Finnish maker of customized insoles and 3D foot scanning technology.