Ransomware, disease and 'ultra low-cost retailers': Why 3 iconic Canadian clothing stores went broke | Unpublished
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Source Feed: CBC News - Canada
Publication Date: February 16, 2025 - 07:00

Ransomware, disease and 'ultra low-cost retailers': Why 3 iconic Canadian clothing stores went broke

February 16, 2025
For three weeks in November and December 2021, iconic Canadian clothing chains Bootlegger, Cleo and Ricki's found themselves paralyzed —staring down the barrel of the "critical holiday season" but prevented by ransomware from moving inventory. The cyber-attack was just one of a host of problems that pushed their owners into insolvency.


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