QVC Group to seek Chapter 11 bankruptcy to restructure debt while continuing operations

Proactive

Thu, April 16, 2026 astatine 11:22 AM CDT 1 min read

QVC Group (NASDAQ:QVCGA) has disclosed plans to question Chapter 11 bankruptcy extortion arsenic portion of a broader effort to restructure its indebtedness of astir $5 cardinal portion continuing mean operations, alternatively than shutting down.

Shares of QVC fell much than 66% connected the news.

The institution said it expects to proceed arsenic a debtor-in-possession and proceed moving its concern during the court-supervised process, with a extremity of emerging successful astir 90 days, though the timeline remains taxable to tribunal support and creditor negotiations.

The filing is expected to beryllium made successful the US Bankruptcy Court for the Southern District of Texas.

The announcement comes amid sustained fiscal strain, including declining sales, reduced tv viewership, and a dense indebtedness load. In its astir caller yearly reporting, QVC Group posted an operating nonaccomplishment of astir $2 cardinal and a nett nonaccomplishment of astir $2.13 cardinal for fiscal 2025, portion gross fell 7.8% to $8.29 billion.

The results bespeak continued weakness successful its halfway retail and televised buying concern arsenic user habits displacement distant from accepted location buying formats.

Prior to the announcement, the institution had already delayed fiscal statements and warned of “substantial doubt” astir its quality to proceed arsenic a going concern. It was besides reported to beryllium successful discussions with creditors regarding a imaginable voluntary restructuring, arsenic unit mounted from its indebtedness obligations.

QVC Group besides expects its listed indebtedness securities to look marketplace consequences pursuing the filing, including imaginable delisting from the New York Stock Exchange and a displacement to over-the-counter trading, which typically offers little liquidity and tin summation terms volatility.