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QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report
QVC Group Inc., the parent company of QVC and HSN, is reportedly in confidential discussions with lenders to restructure its $6.6 billion debt, potentially leading to a Chapter 11 bankruptcy filing. The company faces severe challenges, including a 66% stock price crash, declining TV viewership, campus consolidations, and thousands of layoffs. QVC is trying to pivot its strategy by focusing more on social and streaming platforms to improve efficiency and customer experience.