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M&S in Meltdown: How a Ruthless Cyberattack Crushed Britain’s Retail Icon – Profits Halved, Online Empire in Ruins

Marks & Spencer’s April 2025 ransomware hack by Scattered Spider obliterated online ops for 46 days, triggering a 40% collapse in fashion/home e-sales and slashing H1 adjusted pre-tax profits 55.4% to £184.1M ($240M). Statutory profits plunged 99% to £3.4M amid £300M lost revenue, only partly offset by £100M insurance. Stores...
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