M&S CEO: Most of cyberattack impact will be behind us by August
Most of the impact of the cyberattack which hit Marks & Spencer <M&S> in April will be behind it by August, Chief Executive Stuart Machin told shareholders at the retailer’s annual general meeting on Tuesday.
He said that half of its online store, which is not yet open, will be fully restored within the next four weeks, and other systems, which are currently being rebuilt, will be operating by August.
“I’m hoping by August, the majority of this is behind us, and customers will see the full M&S,” Machin said.