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6mo ago

QVC Group Files for U.S. Chapter 11 to Cut Debt and Keep Channels Operating

The move reflects pressure from falling TV viewership alongside the rise of social‑commerce platforms.

Berühmter TV-Sender QVC insolvent
Der Shoppingkanal QVC hat in Amerika Insolvenz beantragt.
Mit Schulden in Milliardenhöhe schlittert der Pionier des Teleshoppings in die Insolvenz.

Overview

  • QVC Group filed for Chapter 11 in the United States to restructure under court protection and keep QVC and HSN broadcasting and selling.
  • The plan aims to shrink liabilities from about $6.6 billion to roughly $1.3 billion as part of the court‑led reorganization.
  • The company says it has more than $1 billion in liquidity and will keep paying suppliers and employees while programming continues.
  • The U.S. case does not include operating units in Germany, the UK, Japan or Italy, with only a non‑operational Luxembourg entity named.
  • Management is pivoting to live social shopping, pointing to traction on TikTok Shop and streaming, as the sector struggles with the drop in linear TV and recent failures like Channel21 in Germany and MediaShop in Austria.