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MICHELLE CHAPMAN
Fri, April 17, 2026 astatine 11:34 AM CDT 1 min read
The proprietor of location buying web pioneer QVC has filed for Chapter 11 bankruptcy protection.
The filing by genitor institution QVC Group, which besides owns HSN, formerly the Home Shopping Network, arrives arsenic long-running TV buying networks conflict to accommodate to the accelerated displacement by consumers present tuning successful to livestreams connected TikTok, oregon online marketplaces similar Shein.
QVC Group, which filed successful the U.S. Bankruptcy Court for the Southern District of Texas, said that its planetary operations are not included successful the process. It has much than $1 cardinal successful currency connected manus and said that it has ample liquidity to conscionable its concern obligations.
QVC Group added that each of its brands are operating arsenic usual, including customer-facing operations successful the UK, Germany, Japan, and Italy. It volition proceed to service its customers crossed each channels and platforms for QVC, HSN, and Cornerstone Brands.
“Bankruptcy whitethorn let the indispensable restructuring to springiness QVC the country to run with amended financials. However, it does not lick the request to reinvent and go relevant,” Neil Saunders, managing manager of GlobalData, said successful a statement.
QVC Group has attempted to revive flagging income for immoderate time, which successful 2024 were down astir 30% compared with its highest of much than $14 cardinal successful 2020. Shares successful QVC Group, which went for implicit $900 a decennary ago, were trading for little than $3 earlier this week.
The institution is looking to look from bankruptcy extortion successful astir 90 days.
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