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Posted on 04/17/2026 9:58:40 PM PDT by Libloather
The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy.
QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a restructuring support agreement (RSA) to reduce its debt from $6.6 billion to $1.3 billion.
The goal of the RSA is to emerge from bankruptcy within 90 days.
"The company has ample liquidity to support the business and, importantly, the terms of the RSA provide for vendors, suppliers and all other general unsecured creditors of the filing entities to be paid in full for all goods and services," the press release says.
During this time, QVC Group plans for all of its businesses to operate as normal with no planned layoffs or furloughs as it continues to evaluate its finances.
Both QVC, which stands for Quality, Value and Convenience, and HSN, the Home Shopping Network, have been late-night staples on cable television, although with the popularity of shopping through social media and other technology, the company has acknowledged needing to change its business model.
David Rawlinson, president and CEO of QVC Group, said in the press release he is confident in the company’s ability to recover from the current setback based on the progress it has seen so far.
(Excerpt) Read more at foxbusiness.com ...
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I watched them now and then, bought a couple of things that were OK, but I’d rather go to the store.
And then there’s Amazon. What is it you cannot buy there? Live cattle? A locomotive? I don’t know. I buy a lot of stuff there. In recent months when weather sucked, I discovered organic groceries, loaded up my shelves. Overloaded now, but I won’t need to buy cereal or syrup or organic gluten-free pancake mix, etc etc. for at least six weeks. Catfood by the case too.
I used to enjoy the knife collector episodes.
Never bought one, but they were cool.
What a reversal of fortune!
Before Cleo, the Psychic, there was QVC.
All things must pass.
The problem is it’s a hassle to return things. Amazon makes it easy.
The internet and streaming happened. People can also hide shopping channels on their television sets. They can skip right past them without seeing them. Television and radio are dying.
That ability to skip Ads or shows began with Tivo.
Amazon is the modern Sears catalog
Uh, oh.
Amazon targeted in suspected LA arsons as packages left toasted
Amazon claims another scalp.
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