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Stock impact report

QVC, HSN owner files for bankruptcy, but shopping shows to continue [USA TODAY]

QVC Group, Inc. - Series A (QVCGA) 
Company Research Source: USA TODAY
Full Summary The QVC Group, owner of the QVC and HSN shopping channels, has filed for Chapter 11 bankruptcy to restructure its debt, but it says all TV, streaming and online operations will continue unchanged and no further layoffs are planned. The company aims to reduce its debt from $6.6?billion to $1.3?billion and emerge from bankruptcy within a couple of months. The QVC Group , which operates the popular QVC and HSN shopping channels, has filed for Chapter 11 bankruptcy. The company has entered into a restructuring support agreement to reduce its debt from $6.6 billion to $1.3 billion, the QVC Group said in an April 16 news release . Both linear TV shopping channels, broadcast on TV and streamed, and other social media presences will continue operating as normal, the company said. The QVC Group , which laid off about 900 employees, or 5% of its staff in March 2025, does not plan additional layoffs or furloughs. Employees will continue to be paid without interruption and sup Show less Read more
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