Victoria's Secret says cyber incident led to temporary website shut down
Victoria's Secret on Tuesday disclosed that a security incident relating to its information technology systems had led it to temporarily shut down its website for a few days last week.
The company said it shut down corporate systems and e-commerce website on May 26 and immediately enacted response protocols to contain and prevent unauthorized network access. Its website was restored on May 29.
The lingerie maker said the breach did not impact its financial results for the first quarter or cause a material disruption to its operations, but the second quarter could be hit by the additional expenses incurred following the incident.
It even said it expects first-quarter sales and adjusted diluted earnings per share to meet or exceed the higher-end of its previously issued forecast.
Victoria's Secret, however, delayed its first-quarter results, scheduled on June 5, saying the restoration process of its website prevented employees from accessing certain systems and information needed for the release of the results.
The cyber incident at Victoria's Secret follows several such incidents at fashion and retail brands including Richemont, opens new tab -owned Cartier as well as Marks & Spencer.
Cartier told customers on Tuesday it had its website hacked and some client data stolen, according to an email seen by Reuters.
The incident at Victoria's Secret also affected some functions in its namesake and Pink stores, the company said, adding that these have now been restored.
Shares of the company were up about 2% in early trading on Tuesday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
France 24
38 minutes ago
- France 24
Russia cuts interest rates from two-decade high as economy slows
Russia's economy has been marked by volatility since it launched its full-scale military offensive on Ukraine in 2022, with growth now slowing after a period of what officials called "overheating". The Kremlin has massively ramped up military spending to support the campaign, pouring funds into weapons production and the army -- outlays which have helped secure strong growth despite a barrage of Western sanctions. "The Russian economy is gradually returning to a balanced growth path," the bank said in a statement, acknowledging the slowdown. Inflation is still running above 10 percent, though it noted that price "pressures" were "continuing to decline." The bank had come under increasing political pressure this year to cut interest rates, which businesses said was throttling the economy and killing investment. Friday's decision was the first time the central bank has moved to cut rates since September 2022. It warned that despite the one percentage-point cut, "monetary policy will remain tight for a long period."
Fashion Network
an hour ago
- Fashion Network
Chanel to stage Galerie du 19M in Tokyo this fall
Chanel has unveiled plans to stage Galerie du 19M in Tokyo this fall, promoting its unique array of multiple "Métiers d'art" to the greater public. The brand has chosen an elevated space—on top of a noted Tokyo skyscraper—to display the inimitable skills of 19M craftspeople. Founded by Chanel in 2021 in Paris, 19M is a unique constellation of skilled métiers and specialist suppliers bringing together nearly 700 craftsmen and experts from the worlds of fashion and decoration. The Galerie du 19M is an open space dedicated to the transmission and promotion of Métiers d'art through a multi-disciplinary program showcasing emerging creative scenes. Previously, the Galerie du 19M moved for several weeks to a naval fort in Marseilles when Chanel staged its cruise collection in the Mediterranean city last year. From September 30 to October 20, 2025, Galerie du 19M will be staged on the 52nd floor of the Mori Tower. A giant skyscraper with nearly 400,000 square meters of floor space, Mori Tower is also home to a famed art museum, one floor above the Chanel event. 'Visitors of all ages will marvel at the richness of the Japanese and French heritages and the modernity of their contemporary interpretations,' Chanel underlined in its release. In January 2022, French President Emmanuel Macron celebrated the opening of 19M, Chanel's unique couture and fashion skills campus in northern Paris, praising it as an expression of a cultural revolution in France. It is an impressive building uniting wide-ranging skills from embroiderers (Lesage) and bootmakers (Massaro) to milliners (Maison Michel), pleat makers (Lognon) and feather suppliers (Lemarié) in a truly unique constellation of skills and know-how. 'The Galerie du 19M Tokyo is a new milestone in the history that links Chanel and Japan, founded on respect, mutual admiration and shared inspiration. While Japanese aesthetics have permeated many collections since the days of Gabrielle Chanel, the House has also paid tribute to Japan through many important events, from its first fashion show in Tokyo in 1978 to its first Métiers d'art exhibition abroad, at the Ginza flagship in 2004,' noted Chanel. The Galerie du 19M Tokyo will offer a free, inspiring and playful tour, open to all, in three chapters: The Festival, a monumental installation showcasing the unique know-how of the Maisons d'art du 19M, designed by the ATTA agency, headed by renowned architect Tsuyoshi Tane; and 'Beyond Our Horizons,' an immersive exhibition featuring creations by nearly 30 Japanese and French craftsmen and artists — many of them created in collaboration with the Maisons d'art du 19M — curated by five personalities from the creative world: Momoko Ando, Yoichi Nishio, Shinichiro Ogata, Kayo Tokuda and Aska Yamashita. Finally, "Lesage, 100 years of fashion and decoration," is a retrospective celebrating the centenary of the embroidery and weaving house, unveiling its most impressive creations.
Fashion Network
an hour ago
- Fashion Network
Harrods names Geoff Weaver its new CFO
Harrods announced on Friday that it its new chief financial officer has joined, taking up one of the key leadership roles in the business, with Geoff Weaver now in charge of finance at the luxury London department store. The retailer said he brings more than two decades of 'financial leadership experience across multinational environments', although that doesn't mean he's a retail specialist, nor a luxury one. In fact, he joins from TUI Group, the travel business, where he's held senior finance roles since 2011, most recently serving as finance director for TUI Markets & Airlines, the group's largest division. Prior to this, he spent over six years at KPMG within its audit function. Harrods MD Michael Ward hailed his 'commercial acumen, digital expertise, and people-first leadership' that he said 'will be instrumental as we continue to evolve our business and reinforce our authority in luxury across all categories and channels'. He replaces his predecessor with immediate effect as former CFO Tim Parker — who's been in the role since 2022 — left the company last month to pursue other opportunities. As mentioned, the Harrods business continues to evolve and Weaver's arrival comes after the giant Knightsbridge store opened its latest revamped physical space with the unveiling of Designer Collections – Room 3 (DC3). This latest addition to its womenswear portfolio is said to be 'the next chapter in the evolution of the first floor — a cornerstone of the wider Harrods Masterplan, the store's ambitious multi-year transformation of the customer experience'.
