QVC Group Files for Chapter 11 Bankruptcy to Restructure Debt After 40 Years

QVC Group has officially filed for Chapter 11 bankruptcy protection, a move that also includes the Home Shopping Network (HSN) brand under the same parent company. The prepackaged bankruptcy plan aims to restructure approximately $6.6 billion in debt following 40 years of operation in an industry increasingly challenged by e-commerce. The company stated it will continue normal operations throughout the process, with no current plans for employee layoffs. By utilizing this legal framework, the group intends to secure its long-term viability while addressing substantial financial obligations. While the restructuring is a negative development for equity holders, it provides a structured path to reorganize the balance sheet. Analysts view this as a significant step for the legacy retail giant to adapt to a digital-first economy.