MajorsApr 03, 2026
Saks Global Says It Will Emerge From Bankruptcy This SummerMajorsApr 17, 2026
QVC Group Files for Chapter 11 Bankruptcy
The retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.
QVC Group Inc. announced Thursday that it has entered into a restructuring support agreement and commenced voluntary Chapter 11 proceedings. The retailer filed in U.S. Bankruptcy Court for the Southern District of Texas in Houston.
West Chester, Pa.—QVC Group Inc. has filed for Chapter 11 bankruptcy protection and entered into a restructuring support agreement (RSA), the company announced Thursday.
Through the RSA, QVC Group said it plans to substantially reduce its debt and strengthen its financial position to drive long-term growth and profitability.
It said it has “ample” liquidity to support the business, and the terms of the RSA will allow its unsecured creditors to be paid in full.
QVC Group brands will operate as usual with no planned layoffs.
“QVC Group is uniquely positioned to compete and win in live social shopping, and we are seeing early momentum in our WIN Growth Strategy,” QVC Group President and CEO David Rawlinson said.
“We have consolidated our HSN and QVC operations, struck new deals with critical social and media partners, and rebalanced sourcing to account for the changing tariff environment. With the support of our lenders and a more appropriate capital structure, we believe we can deliver on our WIN Growth Strategy.”
The retailer first announced its intention to file for bankruptcy in its Form 10-K (annual report), which it filed with the U.S. Securities and Exchange Commission on Wednesday.
QVC Group’s Series A and preferred stock shares are expected to be delisted from Nasdaq because of the bankruptcy proceedings, it said.
In a March 31 filing with the SEC, the company said it was unable to file its Form 10-K on time in light of ongoing discussions and negotiations with its lenders.
The company issued a “going concern” warning about its ability to continue operations.
In Wednesday’s filing, QVC noted that its credit facility will come due in October.
The retailer had a debt balance of approximately $6.60 billion as of Dec. 31, 2025, which will be reduced to $1.3 billion under the RSA, the company said Thursday.
QVC also mentioned increased competition and the costs related to some of its cost-saving measures, like consolidating QVC’s U.S. and HSN operations into one location, as adding to its financial woes.
It closed HSN’s campus in St. Petersburg, Florida, last year as part of its restructuring.
Layoffs followed, with the company cutting 900 jobs in the United States.
Related stories will be right here …
Through the RSA, QVC Group said it plans to substantially reduce its debt and strengthen its financial position to drive long-term growth and profitability.
It said it has “ample” liquidity to support the business, and the terms of the RSA will allow its unsecured creditors to be paid in full.
QVC Group brands will operate as usual with no planned layoffs.
“QVC Group is uniquely positioned to compete and win in live social shopping, and we are seeing early momentum in our WIN Growth Strategy,” QVC Group President and CEO David Rawlinson said.
“We have consolidated our HSN and QVC operations, struck new deals with critical social and media partners, and rebalanced sourcing to account for the changing tariff environment. With the support of our lenders and a more appropriate capital structure, we believe we can deliver on our WIN Growth Strategy.”
The retailer first announced its intention to file for bankruptcy in its Form 10-K (annual report), which it filed with the U.S. Securities and Exchange Commission on Wednesday.
QVC Group’s Series A and preferred stock shares are expected to be delisted from Nasdaq because of the bankruptcy proceedings, it said.
In a March 31 filing with the SEC, the company said it was unable to file its Form 10-K on time in light of ongoing discussions and negotiations with its lenders.
The company issued a “going concern” warning about its ability to continue operations.
In Wednesday’s filing, QVC noted that its credit facility will come due in October.
The retailer had a debt balance of approximately $6.60 billion as of Dec. 31, 2025, which will be reduced to $1.3 billion under the RSA, the company said Thursday.
QVC also mentioned increased competition and the costs related to some of its cost-saving measures, like consolidating QVC’s U.S. and HSN operations into one location, as adding to its financial woes.
It closed HSN’s campus in St. Petersburg, Florida, last year as part of its restructuring.
Layoffs followed, with the company cutting 900 jobs in the United States.
As part of its transformation, the company rebranded, changing its name from Qurate Inc. to QVC Group.
The company said the name change better highlights QVC, its largest brand, and supports the brand’s growth strategy as it aims to expand into a live social shopping company.
It also faced delisting from Nasdaq last year, leading to a reverse stock split.
QVC Group reported an 8 percent drop in sales in 2025 to $9.23 billion, with an operating loss of $1.29 billion.
Its net loss nearly doubled, up 92 percent year-over-year to $2.4 billion.
QVC reported that jewelry accounted for 5 percent of its offerings in 2025, unchanged from 2024.
Jewelry sales totaled $434 million, including $273 million in North America.
QVC Group ranked No. 25 on National Jeweler’s 2025 $100 Million Supersellers list, with an estimated $293 million in watch and jewelry sales in 2024.
More on Majors
The Latest
Events & AwardsMay 27, 2026
5 Security Tips for Las Vegas Jewelry Market Week 2026This year, it’s what could happen outside of show hours that worries JSA Executive Vice President Scott Guginsky.
ColumnistsMay 27, 2026
What Jewelers Can Learn From Luxury Fashion’s Digital PlaybookHigh-end fashion houses know how to emotionally connect with customers online. Retail jewelers should take note, Emmanuel Raheb writes.
Events & AwardsMay 27, 2026
Couture’s ‘The Iridescence’ Will Showcase 7 Emerging Jewelry DesignersThe designers are the third cohort of mentees from the show’s Belonging @ Couture mentorship program.
Brought to you by
All Eyes on Gold Prices. Alternatives to Look For. And What to BEWARE of in VegasAs gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.
ColumnistsMay 26, 2026
The Key Mindset for Better Trade Show BuyingBuying discipline at trade shows starts with clarity about your inventory levels, Smith writes.
Weekly QuizMay 21, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsMay 26, 2026
12 JCK Talks Sessions to Add to Your Las Vegas ScheduleThe trade show’s education series returns, with sessions on retail trends, AI, watches, marketing, corporate responsibility, and more.
Events & AwardsMay 26, 2026
CBG Brings Its Curated Designer Project to Las Vegas ShowThe Curated Designer Project has expanded to highlight eight independent jewelry designers during CBG’s Las Vegas show.
Brought to you by
How Modern Training Is Becoming a Competitive Advantage for Jewelry RetailersWith the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.
TrendsMay 26, 2026
Amanda’s Style File: A Cooldown Is ComingBring a cool tone to your summer jewelry with these white metal pieces.
Events & AwardsMay 22, 2026
Instore Buys JA New York ShowThe deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.
FinancialsMay 22, 2026
Richemont’s Jewelry Brands Lead the Charge in Q4The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.
CollectionsMay 22, 2026
Leigh Maxwell Celebrates 5 Years at Couture With ‘Bauble’ CollectionThe “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.
PodcastsMay 21, 2026
Episode 5: Sotheby’s Frank Everett Puts the Auction Market in PerspectiveEverett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.
IndependentsMay 21, 2026
Springer’s Jewelers’ New Flagship Will Serve Next-Gen Luxury ShoppersFourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.
Events & AwardsMay 21, 2026
JA Announces Nina Pugliese Memorial ScholarshipThe new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.
SourcingMay 21, 2026
Botswana, Angola Join WFDBThe addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.
CrimeMay 20, 2026
NYPD Warns of Jewelry Swap Scams Targeting SeniorsThe NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.
IndependentsMay 20, 2026
Adornment & Theory’s New Store Feels Like Home Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.
Events & AwardsMay 20, 2026
Here Is Couture’s 2026 Education Lineup The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.
Lab-GrownMay 20, 2026
Savannah Friedkin Jewelry Names New CEOFormer Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.
WatchesMay 19, 2026
Here’s the AP x Swatch Pocket Watch That Caused PandemoniumThe $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.
CollectionsMay 19, 2026
Chris Ploof’s New Collection Makes an Ancient Metal ModernWith gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.
IndependentsMay 19, 2026
Ellen and Michael Fruchtman Retire, Sell Marketing Agency Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.
ColumnistsMay 19, 2026
Peter Smith: The (Mostly) Immutable Sales TruthsIn a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.
ColumnistsMay 18, 2026
Edahn Golan: What a K-Shaped Economy Means for Fine JewelryIn a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
CollectionsMay 18, 2026
Foundrae’s New Collection Taps Into JoyThe “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.
CollectionsMay 18, 2026
Hancocks London Acquires Historic ‘Inchiquin’ EmeraldThe jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.
