QVC Reportedly in Talks to Restructure Debt, Possible Bankruptcy

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QVC Group Inc., the parent company of home-shopping channels QVC and HSN, is reportedly in negotiations with its lenders about a potential voluntary debt restructuring agreement that could involve filing for Chapter 11 bankruptcy. The company had $6.6 billion in outstanding debt as of September 2025 and has faced declining TV viewership, leading to a 66% stock price drop in February 2026.

Why it matters

QVC and HSN have been staples of home shopping for decades, but the rise of e-commerce and streaming has disrupted their traditional cable TV-based business model. A potential bankruptcy filing could have major implications for the future of these iconic brands and the hundreds of employees who work for the company.

The details

According to sources, QVC Group is in confidential talks with its lenders about a voluntary debt restructuring agreement that could involve Chapter 11 bankruptcy. The company had $6.6 billion in outstanding debt as of September 2025 and also had a tax liability to address. In November 2025, QVC Group CEO David Rawlinson cited diminishing TV viewership as a major challenge for the business. The company's stock price plummeted 66% on February 10, 2026, its biggest single-day drop on record.

• In January 2025, QVC Group announced it would close its HSN campus in St. Petersburg, Florida and consolidate operations in Pennsylvania.
• In March 2025, QVC laid off 900 employees, about 5% of its workforce.

What they’re saying

What’s next

The judge overseeing any potential bankruptcy proceedings will determine the future of QVC and HSN, including whether the company can restructure its debt and continue operating or if it will have to liquidate assets.