Philly-based QVC Group announced Wednesday it will file for Chapter 11 bankruptcy, saying in its annual SEC filing that it expects to seek court protection in the U.S. Bankruptcy Court for the Southern District of Texas while continuing to operate its businesses.
The Philly Inquirer reports, the company, owner of QVC and HSN, disclosed in the filing that it had delayed the annual report twice and recently warned there was “substantial doubt about the company’s ability to continue as a going concern.” QVC Group reported more than $5 billion in debt at the end of 2025 and nearly $1.5 billion in cash or cash equivalents.
As of Thursday morning, an online court records search for “QVC Group” showed no filings yet. The company said Chapter 11 would allow debt reorganization rather than a shutdown, and that it hopes to emerge from bankruptcy within months.