On Jan. 30, the Italian shoemaker Rucoline applied for debt protection with a court in Perugia. The company was granted 120 days to present a reorganization plan including a debt restructuring proposal for its creditors. According to the daily Italia Oggi, Rucoline faced financial difficulties after a Chinese client, Eva Investments Development, unexpectedly reduced an order to €2.0 million from €4.5 million around mid-December.

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