QVC & HSN shoppers! As part of a plan to restructure its debt (which is over $6.6 billion), QVC Group (QVC and HSN parent company) has announced it has filed for bankruptcy. This doesn’t mean that QVC and HSN will be gone, as you will still be able to shop there, and the orders, gift cards, and returns should work as usual through the restructuring process, which is expected to be around 90 days, through mid-July.
This financial restructuring plan will substantially reduce the Company’s debt and strengthen its financial position, to drive long-term growth and profitability as a leader in live social shopping across social platforms, streaming apps, ecommerce sites, stores, and TV channels. Check out more details here!
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