Investors to grill M&S chiefs over crippling cyber strike
Investors will grill Marks & Spencer bosses publicly for the first time since a major cyber attack that took out its online shopping for weeks.
Chief executive Stuart Machin and chairman Archie Norman are addressing shareholders at the High Street stalwart’s annual general meeting tomorrow at its headquarters in London.
Questions are likely to be raised over the devastating cyber attack over the Easter bank holiday weekend, which bosses have said could cost the chain around £300m.
Questions to answer: Chief executive Stuart Machin and chairman Archie Norman will be addressing shareholders at the High Street stalwart’s annual general meeting
In M&S’s annual report in May, Norman said the impact of the cyber attack was likely to ‘endure for some weeks, or even months’.
The group was forced to halt website orders on April 25. It resumed online shopping only in mid-June, after more than six weeks.
Customer personal data was also taken by the cyber criminals in the attack.
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