Two and a half years after its acquisition by FitLab, the performance equipment and apparel brand now faces Chapter 11 in the DE U.S. Bankruptcy Court after its parent’s chief restructuring officer filed Form 201s on Monday for FitLab, RPM, and 23 other subsidiaries. Altogether, estimated assets total between $10 million and $50 million, while estimated liabilities range from $100 million to $500 million. The number of creditors is estimated at 1,000 to 5,000, with the top 30 accounting for around $31 million.

FitLab picked up RPM along with cardio gym equipment ... Log in to view full article.