QVC Group Files for Chapter 11 Bankruptcy to Restructure $5 Billion in Debt
QVC Group (NASDAQ:QVCGA) has announced plans to file for Chapter 11 bankruptcy to restructure its $5 billion debt while continuing operations. The company reported a net loss of $2.13 billion in fiscal 2025 and faces declining sales and viewer numbers. Shares of QVC fell over 66% following the announcement.
Topics: bankruptcy corporate governance debt restructuring financial distress stock market impact