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QVC Files for Bankruptcy, Aims to Thrive in New Shopping Game

Published 1 day, 21 hours ago
Description

QVC Group, the home shopping powerhouse behind QVC and HSN, has filed for Chapter eleven bankruptcy, aiming to restructure and emerge stronger in ninety days. The prepackaged deal with lenders focuses on debt reduction, with vendors and suppliers fully paid. Operations remain unaffected, and the company is poised to adapt to the new shopping landscape, leveraging social media and streaming sales to thrive.

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