QVC Group Files Chapter 11 to Slash $6.6B Debt, Eyes 90-Day Exit

QVC Group, owner of home shopping networks QVC and HSN, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas on April 16, 2026. The voluntary filing supports a prepackaged restructuring agreement with holders of a majority of its $6.6 billion funded debt, targeting a reduction to $1.3 billion. QVC Group anticipates emerging from bankruptcy within 90 days, excluding its international operations from the process.[2][3][4] The company cited mounting pressures including declining TV ratings, fierce online competition, tariffs, and a $6.6 billion debt load as of September 2025, plus tax liabilities. This follows 900 layoffs last year and negotiations reported by Bloomberg in February 2026 for a creditor deal potentially via Chapter 11. QVC Group's WIN Growth Strategy seeks to pivot toward live social shopping across platforms, streaming, ecommerce, stores, and TV.[1][3][4] Operations continue uninterrupted, with ample liquidity assured and no planned layoffs or furloughs. Vendors, suppliers, and general unsecured creditors will receive full payment for goods and services. QVC Group and QVC Inc. filed 'first day' motions for court approval to maintain employee wages, benefits, and ordinary business activities as debtors-in-possession.[2][3][4] QVC Group's SEC filing emphasized seeking Bankruptcy Court orders to support ongoing operations. A dedicated site, forward.qvcgrp.com, provides restructuring updates. Potential risks include court rulings, delisting from Nasdaq Capital Market and OTCQB, and prolonged proceedings affecting capital access.[4] The bankruptcy caps years of struggles for the TV shopping pioneer once valued in the billions. As consumers shift to Amazon, TikTok Shop, and fast fashion, QVC and HSN face uncertain futures despite the optimistic restructuring roadmap.[1][3]