CNA’s new chapter to put focus on books

Edcon, the owner of Jet and Edgars, is selling the iconic newsagent as it is not part of its core clothing, beauty and home categories

Former Exclusive Books CEO Benjamin Trisk, who is part of a consortium that bought CNA from struggling Edcon, plans to sell fiction and other books written in African languages, in a bid to revive the stationery retailer’s fortunes.

Trisk and CNA’s new management staff will own 40% of the retailer, while JSE-listed Astoria Investments will hold 60%. The new owners want to capitalise on the retailer’s countrywide footprint of 167 stores and 125-year-old brand.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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNA’s new chapter to put focus on booksEdcon, the owner of Jet and Edgars, is selling the stationery retailer as it not part of its core clothing, beauty and home categories
Read more »

Book’s design helps retrace steps over time - The Mail & GuardianWith Zimbabwe on the brink of turning 40, a new book takes an unconventional route to putting the country's post-liberation canon into perspective.
Read more »

Bonang hits back at claims her champopo range is 'a front' to exploit black business“I won't be paying that ridiculous amount in the name of supporting black business.”
Read more »

Mmusi Maimane vs John Steenhuisen: A wrap of the dramaMmusi Maimane let South Africans in on his strained relationship with John Steenhuisen at the weekend
Read more »

Steve Komphela is an open book, says Vaal coach Stanley NkoaneCoach Stanley Nkoane says “anybody is beatable” as he prepares his Vaal University of Technology (VUT) side for a shot of history when they host Lamontville Golden Arrows in the Nedbank Cup Last 32 at the Dobsonville Stadium in Soweto on Saturday.
Read more »

Get ready for Mosa: We are going to be disruptive in how we do our politics, says Maimane“We are going to be disruptive in terms of how we do our politics” - Mmusi Maimane hit the political ground running, announcing a movement founded on the principles of the Freedom Charter, with a focus on youth and future-oriented leadership
Read more »