Luxury goods manufacturer Cartier, owned by Richemont $CFR.SW, disclosed a cybersecurity breach involving unauthorized access to its website, resulting in the theft of some customer data. This incident, confirmed through a customer notification email obtained by Reuters on Tuesday, underscores an increasing trend of cyberattacks targeting high-profile luxury retailers. Recent similar breaches reported by major brands including Marks & Spencer $MKS.L and Victoria’s Secret $VSCO highlight growing vulnerabilities within the retail industry’s digital infrastructure.

Richemont SA $CFR.SW, a Swiss powerhouse renowned for its luxury products, has reported robust sales growth for its financial year ending in March. Despite a global slowdown in the demand for luxury goods, Richemont’s iconic brands, especially Cartier, have continued to attract strong consumer interest, helping the group outperform many international competitors within the industry.