Marks & Spencer on Track to Recover Fully from Cyberattack by August

Marks & Spencer expects to recover from a recent cyberattack by August. CEO Stuart Machin informed shareholders that the online store will be fully operational within four weeks, and remaining systems will be restored by August, aiming for a complete customer experience recovery.

Marks & Spencer is on a path to overcome the aftermath of a cyberattack it suffered in April, with full recovery anticipated by August, according to Chief Executive Stuart Machin.

At the retailer's annual general meeting, Machin reassured shareholders, stating that the remaining half of its online store will be operational within four weeks, while the other affected systems are scheduled to be up and running by August.

Machin expressed optimism, saying, "I'm really hoping by August, the majority of this is behind us, and customers will see the full M&S."

(With inputs from agencies.)