German textile company ZEGO-TVZ files for insolvency, citing a March cyberattack that disrupts production for nearly six weeks. In notices to customers and suppliers referenced by multiple outlets, the company says the attack on March 29, 2026 leads to a prolonged production outage and significant financial strain. ZEGO says it exhausts other available options before seeking insolvency protection. The managing director, Johannes Zenglein, describes the insolvency filing as one of the most difficult steps in the firm’s 37-year history, adding that the company cannot fully compensate for the impact despite its efforts.
According to the reports, ZEGO does not provide further details about the nature of the cyberattack, including whether ransomware was involved, who was responsible, or whether customer or employee data was compromised. The company also states that insolvency proceedings have been initiated, but frames the filing as not necessarily the end of the business. ZEGO says it intends to keep production running while administrators pursue restructuring, work to preserve jobs, and maintain continuity with customers and suppliers.
