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QVC and HSN Owner Set to File for Chapter 11 Bankruptcy Protection as Home Shopping Habits Shift [Yahoo! Finance]

QVC Group, Inc. - Series A (QVCGA) 
Company Research Source: Yahoo! Finance
According to an annual report filed with the Securities and Exchange Commission on Tuesday, April 14, the company revealed that it intends to file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas after reaching a restructuring agreement with creditors. According to The Hollywood Reporter , Chapter 11 allows a company to continue operating while it is restructured. As a result, no immediate changes are expected for QVC and HSN shoppers. Today marks a big step for us as we shape the future of live social shopping," QVC and HSN said via Instagram on Thursday, April 16. "QVC Group is taking action to strengthen our company for the long term, and we're determined to come out of this even stronger — so we can keep bringing you innovative products, compelling content & unforgettable moments. We're operating as usual across all our channels & platforms." Lisa Robertson, Kathy Levine and More Memorable QVC Hosts: Where Are They Now? Show less Read more
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