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Cyber-attack cost Marks & Spencer £300m in lost sales, company results reveal

  • British retailer Marks & Spencer reported that a cyberattack will cost the company £300 million in annual profits.
  • The cyberattack occurred over the Easter holiday, disrupting food sales and online retail.
  • Marks & Spencer experienced a loss of over £1 billion in stock market value due to the attack, which is expected to impact operations into July.
  • Chief Executive Stuart Machin stated that the company is focused on recovery and restoring its systems and operations.
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A victim of a computer attack since mid-April, the British distribution chain has provided an initial estimate of its financial impact.

·Paris, France
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retail-insight-network.com broke the news in on Tuesday, May 20, 2025.
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