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EXCLUSIVE: CNA pins its recovery hopes on back-to-school shopping in 2021

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South Africa News News

EXCLUSIVE: CNA pins its recovery hopes on 2021 🔒

The CEO of CNA, Benjamin Trisk, only expects a recovery for the stationery business when back-to-school shopping starts in 2021. Trisk is part of a consortium that bought the company from troubled retailer Edcon.

The 120-year-old CNA was sold to Astoria Investments and other shareholders, including Trisk, for R1 in February by Edcon, which two months later went into business rescue. Edcon bought CNA, one of SA’s oldest brands, in 2002 for R141m.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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