Here's what we are reading this morning:
‘The Music Eventually Stops’: Davis Polk’s Restructuring Chief on the Pandemic Fallout to Come
Brideside Shutdown Is Another Headache in a Bad Year for Weddings
Disney to lay off 4,000 more employees during pandemic | Las Vegas Review-Journal
Black Friday traffic in stores craters 52% during pandemic
Was Black Friday a bust? – RetailWire
Sensormatic Solutions Releases Black Friday Results From Shopper Insights Traffic Analytics | Business Wire
RetailNext announces Black Friday Sales and Foot Traffic Data as Shoppers Show Strong Intent to Buy When Venturing Out
Winners and losers of Black Friday 2020 | Retail Dive
Thanksgiving air travel rises to pandemic high — but still less than half of last year's levels
Nikola stock craters after GM gives up equity stake in reworked deal
G.M. Scales Down Nikola Deal - The New York Times
Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly | ABI
Labor Department Published ‘Flawed Estimates’ of Weekly Jobless Claims, Watchdog Says - WSJ
Bankruptcy Court Chooses Dismissal Over Conversion Based on the Support of the Debtor and All Key Creditors - Nathan | Lowenstein Sandler LLP
Francesca's (FRAN) Retail Plans Bankruptcy Filing Soon - Bloomberg
The Franchise Relationship That Powers Small Business Is Fraying - WSJ
The death of the department store and the American middle class - Vox
As JCPenney exits bankruptcy, its long-term outlook remains grim - CNN
Cleary Gottlieb | Global Restructuring Trends for 2021
Professor Douglas Baird Becomes First Academic to Lead National Bankruptcy Conference | University of Chicago Law School