April 11, 2025 By Bill Toulas
Fourlis Group, the operator of IKEA stores in Greece, Cyprus, Romania, and Bulgaria, has informed that the ransomware attack it suffered just before Black Friday on November 27, 2024, caused losses estimated to €20 million ($22.8 million).
The security incident became public on December 3, 2024, when the group admitted that the technical problems IKEA online shops were facing were due to “malicious external action.”
Although the company also operates Intersport, Foot Locker, and Holland & Barrett shops in the said countries, the impact of the attack affected mainly IKEA business operations.
“The incident caused temporary disruptions in a store replenishment, primarily impacting the Home Furnishings segment (IKEA stores) and e-commerce operations during December 2024 through February 2025,” reads a press release published earlier this week.
In a statement to local media, the Fourlis Group CEO, Dimitris Valachis, clarified that the impact the security incident had on IKEA sales operations is estimated to €15 million until December 2024, and another €5 million into 2025.
