Bankruptcy & Restructuring News Headlines for Monday Nov 29, 2021

Here's what we are reading this morning:

Evergrande founder sells 9% stake for $344 mln amid debt crunch | Reuters: The chairman of China Evergrande Group Hui Ka Yan sold 1.2 billion shares in the company at an average price of HK$2.23 each on Thursday, Hong Kong Stock Exchange filings show.

Winners and losers of Black Friday 2021 | Retail Dive: Vaccinations have made in-store shopping possible and even fun, but this holiday season remains complicated.

Black Friday shopping in stores drops 28% from pre-pandemic levels: Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, according to preliminary data from Sensormatic Solutions.

‎The New Yorker Radio Hour: Will the Office Survive the Pandemic? on Apple Podcasts: Cal Newport, the author of “A World without Email” and other books, has been writing about how the shutdown has affected businesses and the culture of work. Remote operation, he says, has raised fundamental questions about the purpose of work, its role in our lives, and how productivity is measured.

New York City Hotel Business Getting Little Boost From Holiday Season - WSJ: The city’s hotel owners have been hoping for a big year-end boost to their business as tourists start to return. But early indicators suggest limited holiday cheer for the beleaguered hospitality sector.

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