Lantis Eyewear has filed for Chapter 11 bankruptcy protection in the USA, declaring total debt of $133 million against assets of $39 million. HIG Capital, a private equity company that took over Lantis' debt in March in exchange for secured senior notes, may end up taking over all the assets. Lantis had sales of $75 million in the 9 months ended May 1. For the fiscal year ended last July 31, the company has reported net income of $5.4 million on sales of $102.6 million. The once flourishing US company, which had many illustrious licenses including Reebok or Tommy Hilfiger, still has brands such as Dockers, Ashley and Nintendo, but it has closed its former European office in Holland and concentrated on the mass market in the USA.