The original article can be found here.
Article highlights:
- Amid reports of continuing tensions in CNA, investment firm Astoria blamed its quick exit from the company on growing discord among the management team;
- After buying the stake in 2020, it sold its 70% stake in the embattled retailer for R1.2 million to members of the CNA management team in May 2021;
- The stationery retailer has been placed in business rescue, after a public fall-out between its board and former CEO Benjamin Trisk.