CNA placed in business rescue
The struggling book retailer has failed to pay its landlords and suppliers in recent months
Struggling stationery and books retailer CNA has been placed in business rescue, director Olinka Nell said on Tuesday.
CNA, which has about 160 stores, has failed to pay its landlords and struggled to sell stock as it faces weak consumer demand and intense competition from other retailers, as well as companies that sell stationery directly to schools. ..