Multimedia retailer QVC Group begins Chapter 11 process

Online retailer QVC Group has initiated voluntary Chapter 11 bankruptcy proceedings successful the US aft reaching a restructuring enactment statement with astir of its lenders.

The genitor institution of QVC and HSN said the woody sets retired a prepackaged fiscal restructuring designed to importantly trim indebtedness and amended its equilibrium sheet.

The institution said the process is intended to stabilise its fiscal presumption and alteration a instrumentality to sustainable growth.

It added that each customer-facing activities, including retail outlets, broadcast programming and integer platforms, volition proceed without disruption.

QVC Group and definite US subsidiaries, including QVC, person filed for Chapter 11 successful the US Bankruptcy Court for the Southern District of Texas.

Its planetary operations are not portion of the proceedings.

Under the agreed plan, the institution expects to trim its indebtedness from astir $6.6bn arsenic of 31 December 2025 to astir $1.3bn.

The reorganised concern is expected to look nether the sanction Reorganized QVC, Inc.

QVC Group aims to implicit the court-supervised restructuring wrong astir 90 days.

Operations crossed its portfolio, including QVC, HSN and Cornerstone Brands, are continuing arsenic usual.

The institution stated that vendors, suppliers and wide unsecured creditors are expected to beryllium paid successful full, portion worker wages and benefits volition stay unaffected.

QVC Group reported much than $1bn successful home currency and currency equivalents astatine the extremity of 2025 to enactment ongoing operations during the restructuring process.

The filing comes amid structural changes successful user behaviour, including declining engagement with accepted cablegram tv and expanding adoption of mobile, societal and streaming platforms.

The institution said its three-year WIN Growth Strategy is centred connected expanding unrecorded societal buying done integer channels.

In 2025, QVC US added astir a cardinal customers via TikTok Shop portion its QVC+ and HSN+ streaming work reached 1.5 cardinal monthly progressive users, with income driven by streaming expanding by 19%.

QVC Group president and CEO David Rawlinson said: "QVC Group is uniquely positioned to vie and triumph successful unrecorded societal shopping, and we are seeing aboriginal momentum successful our WIN Growth Strategy.

“Over the past year, we person go a apical seller connected TikTok Shop US portion expanding our concern connected streaming and different platforms.”

"Multimedia retailer QVC Group begins Chapter 11 process" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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