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Bankruptcy · E-Commerce · Media · Retail
QVC Group, parent company of home shopping networks QVC and HSN, announced its plan to file for Chapter 11 bankruptcy protection on April 15, 2026, aiming to restructure its operations and debt within approximately 90 days.
The company disclosed this plan in a filing with the Securities and Exchange Commission, stating its intent to operate as a debtor-in-possession. QVC Group targets emergence from bankruptcy before the summer, but warns that access to funding is difficult to predict and significant fees are involved.
The filing explicitly states that achieving stated goals and continuing as a going concern is not assured, citing risks such as inability to retain key executives and employees, and competitors taking business. This move follows a 2025 layoff of 900 employees and reflects a significant shift in the shopping landscape away from traditional TV.
QVC's annual revenue peaked at approximately $14 billion in 2020, but sales were down 30% by 2024. Shares in QVC Group traded for less than $3 earlier this week, a sharp decline from over $900 a decade ago, as reported by ABC News.
