QVC Group Inc. is the parent company overseeing the popular television shopping networks QVC and HSN. In February of 2026 it entered into preliminary discussions with its creditors aimed at restructuring its substantial debt obligations. These negotiations are unfolding against a backdrop of operational challenges and could potentially lead to a formal bankruptcy filing under Chapter 11 protections. As traditional cable viewership continues to erode, QVC has struggled to adapt its business model, which relies heavily on live broadcasts to drive consumer purchases. As of the end of September 2025, the company reported approximately $6.6 billion in outstanding debt across its group operations. A key component of this is a credit facility with $2.9 billion drawn down, set to mature in October 2025.