QVC Group Inc. (NASDAQ:QVCGA) has filed for Chapter 11 bankruptcy protection as part of a prearranged restructuring plan aimed at cutting its debt from about $6.6 billion to $1.3 billion, based on figures as of December 31, 2025.
The company, headquartered in West Chester, Pennsylvania, has secured a restructuring support agreement with creditors representing a majority of its funded debt. The voluntary filing was made in the U.S. Bankruptcy Court for the Southern District of Texas, with the process expected to conclude in roughly 90 days.
The bankruptcy proceedings do not include QVC’s international operations, except for a non-operating subsidiary in Luxembourg. Its businesses in the UK, Germany, Japan, and Italy will continue to operate as usual.
“QVC Group is uniquely positioned to compete and win in live social shopping, and we are seeing early momentum in our WIN Growth Strategy,” said David Rawlinson, president and chief executive officer. “With the support of our lenders and a more appropriate capital structure, we believe we can deliver on our WIN Growth Strategy.”
The company said all QVC Group brands remain fully operational, with vendors, suppliers, and general unsecured creditors expected to be paid in full. It also confirmed that no layoffs or furloughs are planned as part of the restructuring.
As of the end of 2025, QVC reported more than $1 billion in domestic cash and cash equivalents. The company added nearly one million new U.S. customers via TikTok Shop during the year, helping QVC US expand its customer base for the first time in over four years. Revenue linked to streaming rose 19% in 2025.
Following the completion of the restructuring, the company plans to emerge as Reorganized QVC, Inc., according to its statement.