By
Bloomberg
Translated by
Anne SCHILLING
Published on
20 Dec. 2023
VF Corp., owner of North Face, said it was working to restore its ability to fulfill orders following a cyberattack, although the company has not yet determined the extent of the incident.
“Unauthorized actions” were detected on a part of the company’s computer system on December 13, the parent company of The North Face, Timberland and Vans brands said in a statement. The “threat actor” also stole personal data, among other things. The company is working with external cybersecurity experts and has locked down some systems.
The disruption has had – and is “reasonably likely” to continue to have – a material impact on operations, the company said in the same statement.
On Monday at 8:07 am, before regular trading, shares had dropped 7% in New York. VF’s stock was down 28% for the year through Friday’s close. The S&P 500 index, related to the consumer discretionary sector, had gained 41%.
Stores around the world remain open, and VF says customers can make purchases online, but order processing has been affected. The company has also implemented alternative solutions for some offline operations.
Copyright FashionNetwork.com with Bloomberg
#Corp #annonce #des #perturbations #dans #traitement #ses #commandes #raison #dun #piratage #informatique
publish_date]