QVC Group Inc., the company behind home-shopping channels QVC and HSN, is reportedly considering filing for Chapter 11 bankruptcy due to a substantial debt burden. The company and its lenders are in confidential negotiations for a voluntary debt restructuring agreement. As of September 30, QVC Group had $6.6 billion in outstanding debt and also faces a tax liability.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report
QVC Group Inc., the company behind home-shopping channels QVC and HSN, is reportedly considering filing for Chapter 11 bankruptcy due to a substantial debt burden. The company and its lenders are in confidential negotiations for a voluntary debt restructuring agreement. As of September 30, QVC Group had $6.6 billion in outstanding debt and also faces a tax liability.