Latest news with #VictoriasSecret
Time of India
3 days ago
- Business
- Time of India
Victoria's Secret site down after security breach
Representative image (Picture credit: X/@VictoriasSecret) Victoria's Secret's website remained offline on Thursday, days after the lingerie company was hit by a cyberattack that has disrupted its online sales and sent its stock price lower. The company said it had taken its website and some in-store services down as a precaution, with teams working around the clock to restore operations. Its physical stores remained open. As of Thursday morning, its share price had fallen 8% since Tuesday. The company did not confirm when the security incident took place, but shoppers reported seeing effects of the outage earlier this week. It was unclear who perpetrated the attack on the Ohio-based company.
BBC News
3 days ago
- Business
- BBC News
Victoria's Secret takes down US website after 'security incident'
Lingerie firm Victoria's Secret has taken down its US website and says it has halted some in-store services following what it has described as a "security incident".The normal site has been replaced by a customer notice which says it is "working around the clock to fully restore operations".It says its stores - and those of its spin-off, PINK - are still open for company's UK website is a statement, the company detailed the action it has been taking. "We immediately enacted our response protocols, third-party experts are engaged, and we took down our website and some in-store services as a precaution," it said. It has not given any further details about the nature of the incident or confirmed when it company which is based in Ohio, in the US, operates around 1,350 retail stores across 70 share price fell by approximately 7% on Wednesday, when it first issued a media statement about the comes after a number of major UK retailers have been hit by major cyber attacks.M&S says it expects the hack it has been hit with will cost it around £300m, with disruption continuing until Co-op experienced empty shelves and disrupted payments after it was data has been stolen from both cyber criminals who say they were responsible told the BBC that they targeted the firms with ransomware, which involves scrambling IT systems and telling companies they will only be restored in exchange for police told BBC News that the crime gang Scattered Spider - some of whom are thought to be teenagers - are among the suspects. Sign up for our Tech Decoded newsletter to follow the world's top tech stories and trends. Outside the UK? Sign up here.
Bloomberg
20-05-2025
- Business
- Bloomberg
Stock Movers: D-Wave, Victoria's Secret, Amer
On this episode of Stock Movers: - D-Wave Quantum (QBTS) shares are soaring as the company released its latest quantum computing system. The quantum computer is known as Advantage 2. The company said that this new type of computer can solve complex problems beyond the reach of classical computers. - Victoria's Secret (VSCO) shares are up as the company announced a shareholder rights plan after an investor began acquiring a substantial amount of stock in the lingerie retailer. BBRC International Pte Limited, an entity controlled by Brett Blundy, has increased its position to about 13% of outstanding shares and has a history of acquiring controlling interests in retailers, Victoria's Secret said in a statement. The plan, which is often called a poison pill, will issue one right for each share at the close of business on May 29 and be triggered if an investor acquires 15% of outstanding common stock. It wasn't adopted in response to a proposal to acquire control of the company, Victoria's Secret said. - Amer Sports (AS) shares climbed as much as 21%, the most ever, and to a record high, after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.
