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Creditors give nod to CNA business-rescue plan

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More than 78% of those owed money — including retrenched staff, suppliers and landlords — vote to save the chain

CNA, a 125-year-old stationer, has been saved on the brink of collapse, after more than 75% of its creditors approved its business-rescue plan.

Just more than 78% of those owed money — including retrenched staff, suppliers and landlords — voted to save the chain. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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