QVC Group, the parent company of QVC and HSN, will file for Chapter 11 bankruptcy protection. The company intends to restructure more than $5 billion in debt. This debt total was recorded at the end of 2025. The announcement follows weeks of speculation and a delayed annual report that expressed substantial doubt about the firm's ability to continue as a going concern.
The company signed a Restructuring Support Agreement with a majority of its lenders. QVC Group expects to emerge from the bankruptcy process within approximately 90 days. Both QVC and HSN will continue to operate normally during the restructuring. The company faces significant headwinds as consumers move from traditional television to online and social media shopping platforms.