Parent Company of QVC and HSN Files for Bankruptcy: What Does It Mean for Customers, and What Happens Next?

TV and online retailer aims to slash more than $5 billion in debt

By Todd Spangler

Todd Spangler

NY Digital Editor

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QVC Group — the company that owns and operates QVC and HSN, the shopping channels that have been mainstays of cable TV for decades — has filed for Chapter 11 bankruptcy protection of its U.S. businesses in the face of a crushing mountain of of debt.

The company filed paperwork for a restructuring support agreement with the holders representing a “significant majority” of the company’s outstanding funded debt. QVC Group has commenced Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas.

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