QVC Group, the entity best known for televised retail channels run by QVC and HSN, is preparing for a Chapter 11 bankruptcy, according to financial filings. The plan is to forge a restructuring support agreement with lenders and emerge from the United States Bankruptcy Court for the Southern District of Texas within 90 days.
The company also expects to be delisted from the Nasdaq Stock Market.
The live-streaming retailer is burdened by more than $5 billion in debt and widening losses. In 2025 net revenue fell nearly 8% year over year to $8.3 billion as net loss more than doubled to over $2.1 billion.
QVC’s first live broadcast was in November 1986 and within weeks the network began live programming round the clock, seven days a week. These days QVC Group also operates through streaming and via social media. The company at the end of last year had 6.6 million customers in the U.S., where nearly three-quarters were women over 50, and 3.7 million in its international division.
The company employs about 16,900 full-time and part-time employees.
