QVC Retail Channel Files for Bankruptcy to Reduce $5 Billion in Debt

QVC Group has filed for bankruptcy under Chapter 11 to reduce its debt from $6.6 billion to approximately $1.3 billion. The move comes amid declining viewership, increased online competition, and supply chain challenges. The company plans to continue operating with a $300 million debtor-in-possession facility.

By Reshmi Basu and Libby Cherry Fri, April 17, 2026 at 12:46 PM GMT+3 2 min read · Yahoo Finance · April 17, 2026, 09:46 UTC

Topics: bankruptcy debt restructuring financial distress QVC retail

Read the full article at Yahoo Finance

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