Retailer CNA battles to avoid business rescue
Retailer CNA battles to avoid business rescue Creditors remain in the dark as CNA battles to avoid business rescue. Reports emerged last week that the stationery retailer is in financial trouble and that the relationship between the board and CEO has soured. The board is accusing CEO Benjamin Trisk of engaging business rescue practitioners without its consent, according to Business Day. The board is of the view that Trisk acted “unilaterally”. However, Trisk told the paper that, as a director, he had to look after the “welfare of the company, its staff and its creditors”. He claims th...
Source: techcentral.co.za