QVC Group has found a way out of some of its debt, as two firms have signed on to assume $2.9 billion in debt in exchange for a stake in the company post-bankruptcy, Bloomberg reports.

On April 16, QVC Group filed for Chapter 11 to restructure debt from $6.6 billion to $1.3 billion while maintaining normal operations. The QVC bankruptcy and Chapter 11 restructuring proceed under an agreement with most lenders, with U.S. platforms continuing across TV, streaming, apps, and retail. The company said vendors, suppliers, and unsecured creditors will be paid in full, employees will not face layoffs or pay reductions, and services such as gift cards and branded credit cards remain unaffected; international units are excluded. QVC reported over $1 billion in domestic cash reserves as of the end of 2025 and targets completion within 90 days. Context includes cable viewership declines and digital gains, including TikTok Shop and streaming growth in 2025.

The home shopping network said it has a restructuring support plan that will allow it to pay its vendors in full.

The owner of home shopping network pioneer QVC has filed for Chapter 11 bankruptcy protection. The filing by parent company QVC Group, which also owns HSN, formerly the Home Shopping Network, arrives as long-running TV shopping networks struggle to adapt to the rapid shift by consumers now tuning in to livestreams on TikTok, or online marketplaces like Shein. QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, said that its international operations are not included in the process.

The parent company of QVC and HSN said the deal sets out a prepackaged financial restructuring designed to cut debt significantly and improve its balance sheet.

QVC, the home shopping TV network that has been a staple for almost four decades, has filed for bankruptcy.

The Chapter 11 process applies only to U.S. entities and will be swift, as the company has a plan to drastically reduce its $6.6 billion debt.

Clarks is owed nearly $6.3 million and Skechers USA is owed nearly $1.7 million in the QVC Group Inc. bankruptcy.

QVC Group is filing for Chapter 11 bankruptcy amid shifting consumer habits and financial challenges. Here are the trends that led the company to the precipice.