Pennsylvania-based QVC plans to file for bankruptcy

A Pennsylvania-based company is filing for bankruptcy amid financial challenges.

According to Securities and Exchange Commission documents, QVC Group, which owns QVC and HSN television channels and websites, based in West Chester, plans to file for Chapter 11 as it struggles with debt and declining viewership.

 “We are also focused on operational improvements. However, there can be no assurance that we will be able to successfully emerge from the Chapter 11 Cases, in which case we would be forced to cease operations, which would be detrimental to our stockholders’ investment in us,” the company wrote in the SEC filing.

As first reported by The Philadelphia Business Journal, the company is grappling with $6.6 million in debt, has reportedly lost $2.37 billion in the first nine months of 2025, and expects to be delisted from the Nasdaq Stock Market.

The company hopes to emerge successfully from Chapter 11 in the next 90 days.

QVC, which stands for “Quality, Value, Convenience,” was founded in 1986 by Joseph Segal. Over the years, the company had grown into a powerhouse selling a wide range of products on live television and digital platforms.

The company serves customers not only in the United States, but also in the United Kingdom, Germany, Austria, Japan, Italy, and Poland.