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Parent Company of QVC and HSN Files for Bankruptcy: What Does It Mean for Customers, and What Happens Next? [Yahoo! Finance]

QVC Group, Inc. - Series A (QVCGA) 
Company Research Source: Yahoo! Finance
Chapter 11 bankruptcy protection of its U.S. businesses in the face of a crushing mountain of of debt. The company filed paperwork for a restructuring support agreement with the holders representing a “significant majority” of the company's outstanding funded debt. QVC Group has commenced Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. More from Variety QVC+ Renews Busy Philipps' Late-Night Series 'Busy This Week' for Season 2 Inside Busy Philipps' Return to Late-Night TV QVC Enlists Queen Latifah, Naomi Watts, Martha Stewart, Sherri Shepherd and Christina Applegate for 'Age of Possibility' Campaign So what does this mean for shoppers who purchase products via the company's TV channels, streaming and social services, websites, apps, stores and catalogs? According to the company, at this time, “All QVC Group brands are operating as usual. The company continues to serve its millions of customers across all channels and platforms for Show less Read more
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