Here's what we are reading this morning:
Gym Carnage Rolls On With YouFit Chain Filing for Bankruptcy - Bloomberg
Wondery CEO vows to fight federal corruption charges - Los Angeles Times
David Elman (The Deal): "After more than 10 hours, Judge Jones in Houston approves the JC Penney sale to lenders, @SimonPropertyGp and @Brkfldproprtl. He acknowledges all the pitfalls and assumptions in a potential reorganization and says he's "simply not willing" to take what amounts to massive gamble." / Twitter
While the Pandemic Wrecked Some Businesses, Others Did Fine. Even Great. - The New York Times
Luxury-Goods Retailer Furla USA Files for Bankruptcy - WSJ
YouFit Health Floats $75 Million Bankruptcy Sale to Lenders
Bitcoin Theft and Executives’ Fight Push Cryptocurrency Platform Cred to Bankruptcy
Theater chains AMC and Cinemark take big Q3 losses amid Covid pandemic