QVC Is Facing Bankruptcyin Talks to Restructure Debt: Report
What To Know
- QVC Group Inc.the parent company of QVC and HSNis reportedly in confidential talks with lenders about restructuring its $6.6 billion debtwhich may involve filing for Chapter 11 bankruptcy.
- The company has faced significant challengesincluding declining TV viewershipa 66% stock price dropcampus consolidationsand the layoff of 900 employees in early 2025.
- QVC is attempting to adapt by consolidating operations and shifting its focus toward social and streaming platforms to improve efficiency and customer experience.
The home-shopping company behind cable channels QVC and HSN is reportedly considering filing for bankruptcy to handle a heavy debt burden.
Earlier this weekBloomberg reported that QVC Group Inc. was negotiating a voluntary debt restructuring agreement that could involve the Chapter 11 bankruptcy process.
Citing sources familiar with the matterBloomberg added that QVC Group and its lenders were in the midst of confidential talks. The sources said terms hadn’t been set and there hadn’t been a final decision about filing for bankruptcy.
Regulatory filings show that QVC Group had $6.6 billion of outstanding group debt as of September 30and sources told Bloomberg the company also had a tax liability to handle.
During an earnings call in November 2025QVC Group CEO David Rawlinson called out diminishing TV viewership as a challenge for business. “Returning our company to growth continues to be difficult as challenges persist,” he said.
Worse yetQVC Group stock plummeted by 66 percent on TuesdayFebruary 10landing at $3.74 a share in the company’s biggest stock price drop on record.
In January 2025QVC Group announced it would close its HSN campus in St. PetersburgFloridaand consolidate its HSN and QVC operations at its Studio Park location in West ChesterPennsylvania.
“As we focus on our growth strategy to lean further into social and streamingwe are redefining who we are as a company and the role we play for our customers,” David Rawlinson said at the time. “With a realigned organizational structure supporting QVC US and HSN together in certain parts of the businesswe will work more efficientlybuild new capabilities faster by operating together in one locationand unlock an even better customer experience.”
In a press release about the movethe company said it was “building a next-generation content engine in Studio Park that can quickly capture content to deploy on socialstreamingand more for both HSN and QVC.”
Thenin March 2025came the news that QVC was laying off 900 employeesor about 5 percent of its workforceaccording to CBS Philadelphia.
Watchlist Easy access to only the shows you care about — all in one simple place
Alerts Only important notifications — when a show is returningwhen it becomes available to streamand more.
Special Offers Exclusive products we release related to your favorite shows and streaming services