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West Chester Today
By the People, for the People
QVC, HSN Owner Files for Bankruptcy, But Shopping Shows to Continue
The QVC Group plans to reduce its $6.6 billion debt to $1.3 billion through the restructuring process.
Apr. 17, 2026 at 10:52pm
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As QVC Group files for bankruptcy to reduce its debt, the company remains focused on delivering engaging shopping experiences across its TV, streaming, and social media platforms.West Chester TodayThe QVC Group, which operates the popular QVC and HSN shopping channels, has filed for Chapter 11 bankruptcy in order to reduce its debt from $6.6 billion to $1.3 billion. The company says both linear TV shopping channels, as well as their streaming and online presences, will continue operating as normal during the restructuring process.
Why it matters
The bankruptcy filing comes as QVC Group has faced declining revenue and operating losses in recent years, partly due to the shift towards online and social media shopping. However, the company says it remains focused on serving customers and will emerge from the restructuring process with a stronger financial structure.
The details
According to the bankruptcy filing, QVC's fiscal year 2025 revenue was more than $9.2 billion, down 9% from $10 billion the previous year. The company also posted an operating loss of $809 million in fiscal year 2024. In addition to debt concerns, QVC has been impacted by tariffs and the divergence of online shopping to streaming services and social networks like TikTok. However, the company has also seen growth in its TikTok Shop presence and its QVC+ and HSN+ streaming service.
- QVC Group laid off about 900 employees, or 5% of its staff, in March 2025.
- QVC Group filed for Chapter 11 bankruptcy on April 16, 2026.
The players
QVC Group, Inc.
The parent company that operates the QVC and HSN TV shopping channels, as well as their streaming and online presences.
David Rawlinson
President and CEO of QVC Group, Inc.
Bill Wafford
CFO of QVC Group, Inc.
What they’re saying
“We remain focused on serving our customers with joyful and engaging shopping experiences that inspire, entertain and delight.”
— David Rawlinson, President and CEO, QVC Group, Inc.
“Speed is key, particularly with the extensive creditor support for this balance-sheet restructuring. A prolonged chapter 11 would unnecessarily result in larger administrative claims and greater risk to customer and supplier confidence.”
— Bill Wafford, CFO, QVC Group, Inc.
What’s next
QVC Group hopes to emerge from the restructuring process in less than two months.
The takeaway
The bankruptcy filing highlights the challenges facing traditional TV shopping networks as consumer shopping habits continue to shift towards online and social media platforms. However, QVC Group remains committed to serving its loyal customer base and adapting its business model to thrive in the evolving retail landscape.
