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UK companies should have to disclose major cyberattacks, M&S says

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Reuters

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July 8, 2025

British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large UK firms had gone unreported.

Reuters

Giving evidence to lawmakers on parliament’s Business and Trade Committee on the April cyberattack which forced M&S to suspend online shopping for nearly seven weeks, Archie Norman said the group had learnt that “quite a large number” of serious cyberattacks never get reported to the National Cyber Security Centre (NCSC).

“In fact we have reason to believe there’ve been two major cyberattacks on large British companies in the last four months which have gone unreported,” he said.

Norman said that meant there was “a big deficit” in knowledge in the cybersecurity space.

“So I don’t think it would be regulatory overkill to say if you have a material attack … for companies of a certain size you are required within a time limit to report those to the NCSC.”

Norman declined to say if M&S had paid any ransom but said that subject was “fully shared” with the National Crime Agency and other authorities.

He said “loosely aligned parties” worked together on the M&S cyberattack.

 ​”We believe in this case there was the instigator of the attack and then, believed to be DragonForce, who were a ransomware operation based, we believe, in Asia.”

A hacking collective known as Scattered Spider that deploys ransomware from DragonForce has previously been blamed in the media for the attack.

“When this happens you don’t know who the attacker is, and in fact they never send you a letter signed Scattered Spider, that doesn’t happen,” said Norman.

He said M&S didn’t hear from the threat actor for about a week after it initially penetrated its systems on April 17 through a “social engineering” operation.

In May, M&S said the attack would cost it about 300 million pounds ($409 million) in lost operating profit.

Norman said M&S was fortunate in having doubled its cyberattack insurance cover last year, though its claim could take 18 months to process.

M&S resumed taking online orders for clothing lines on June 10 after a 46-day suspension but is yet to restore click and collect services.

Last week, M&S CEO Stuart Machin told investors the group would be over the worst of the fallout from the attack by August.

Nick Folland, M&S’ General Counsel, told the lawmakers a major lesson from the crisis for businesses generally was to make sure they can operate with pen and paper.

“That’s what you need to be able to do for a period of time whilst all of your systems are down,” he said.

© Thomson Reuters 2025 All rights reserved.



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Cosmetics giant Unilever finalises business demerger

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AFP

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December 5, 2025

The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.

Reuters

Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.

The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.

Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.

“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.

Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
 

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Burberry elevates two SVPs to supply chain and customer exec roles

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December 5, 2025

Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.

Burberry – Spring-Summer2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm. 

In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.

Matteo Calonaci - Burberry
Matteo Calonaci – Burberry

Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.

Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.

JohnattanLeon - Burberry
JohnattanLeon – Burberry

Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.

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Puneet Gupta steps into fine jewellery

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December 5, 2025

Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.

Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta

 
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”

The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.

An eclectic mix of jewels from the collection
An eclectic mix of jewels from the collection – Puneet Gupta

 
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.

Copyright © 2025 FashionNetwork.com All rights reserved.



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