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QVC Is in Talks With Creditors to Restructure Debt in Bankruptcy

Reshmi Basu
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QVC is in confidential talks with creditors to restructure its debt through a potential Chapter 11 bankruptcy filing, sources reveal. The television shopping network faces mounting financial pressure amid declining viewership and a heavy debt load. Negotiations remain private, with no final terms or bankruptcy decision confirmed. The company and lenders are exploring voluntary restructuring to address its complex balance sheet and unsustainable debt obligations. The move follows years of declining viewership as traditional TV shopping struggles against e-commerce competition. QVC’s financial strain reflects broader industry shifts away from legacy retail models. Creditors are key to the process, as their agreement is required for any restructuring plan. The talks aim to avoid liquidation while stabilizing QVC’s operations under a revised debt framework. If successful, the restructuring could allow QVC to continue operations while reducing its debt burden. However, no timeline for a resolution or formal filing has been disclosed.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:QVC Group Inc. is negotiating a voluntary debt restructuring agreement with its creditors that could be implemented as part of a Chapter 11 bankruptcy process, as the television shopping network grapples with viewer declinesBloomberg Terminal and a heavy debt burden. The company and its lenders have held confidential talks aimed at resolving a complex balance sheet and burdensome debt load, according to people familiar with the matter. Terms haven’t been set and no final decision has been made about filing for bankruptcy, the people said, asking not to be identified discussing private information.

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