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

Court documents reveal host of issues forced owner of Bootlegger, Cleo and Ricki's into insolvency

CBC NewsJason Proctor

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 attack occurred on Nov. 23, but the businesses weren't able to regain access to their internal systems until Dec. 13 — a lag time that forced the 221 affected stores to mount heavy promotions in order to offload the substantial portion of seasonal clo…

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Read the full story on the CBC website

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

SOURCE www.cbc.ca

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https://winnipeg.lokol.me/s/ransomware-disease-and-ultra-low-cost-retailers-why-3-iconic-canadian-clothing-stores-went-broke-70308-10163594
CBC NewsJason Proctor, Posted: Feb 16, 2025 7:00 AM EST | Last Updated: 2 hours ago
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