QVC and HSN parent company set to file for Chapter 11 bankruptcy
The parent company of the long-running TV shopping networks QVC and HSN is filing for Chapter 11 bankruptcy protection amid financial challenges.
The QVC Group, which is based in West Chester, Pennsylvania, disclosed the plans in a filing with the Securities and Exchange Commission. The company said it would file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas and would continue operating while it is restructured.
QVC said its goal is to make efforts to improve its operations and emerge from bankruptcy protection in 90 days. The company warned, however, that its access to funding is difficult to predict and noted significant costs related to preparing for the bankruptcy protection. It cautioned that there is chance it could not emerge from bankruptcy.
“There can be no assurance that we will be able to successfully emerge from the Chapter 11 Cases, in which case we would be forced to cease operations, which would be detrimental to our stockholders’ investment in us,” the company wrote in the SEC filing.
The company said it expects to be delisted from the Nasdaq stock exchange during the process.
The Philadelphia Business Journal reported the company is grappling with $6.6 million in debt and reportedly lost $2.37 billion in the first nine months of 2025.
Both QVC and HSN, formerly the Home Shopping Network, have been struggling to adapt to the rapid shift by consumers who have increasingly dropped cable subscriptions and are now tuning in to livestreams on TikTok, or online marketplaces like Shein and Amazon.
QVC Group has attempted to revive flagging sales for some time, which in 2024 were down almost 30% compared with its peak of more than $14 billion in 2020. Shares in the company, which went for over $900 a decade ago, were trading for less than $3 earlier this week, The Associated Press reported.
Last March, the company laid off 900 employees and announced it would close its St. Petersburg, Florida, campus, which was HSN’s former headquarters.
QVC, which stands for “Quality, Value, Convenience,” was founded in 1986 by Joseph Segal. Over the years, the company had grown into a powerhouse selling a wide range of products on live television and digital platforms.
The company serves customers not only in the United States, but also in the United Kingdom, Germany, Austria, Japan, Italy and Poland.
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