QVC Group news and archive

QVC Group emerges from bankruptcy with new leadership and five billion dollar debt reduction

QVC Group, Inc., the US parent company of TV and social shopping firm QVC, has emerged from bankruptcy after completing a financial restructuring that reduced debt by five billion dollars. In the announcement, the company said it has also gained access to a new 600 million dollar asset-based lending facility led by funds managed by Strategic...

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QVC’s US parent company files for bankruptcy

QVC Group, the US parent company of TV and social shopping firm QVC, has filed for bankruptcy after entering into a restructuring support agreement (RSA) with shareholders that hold a significant majority of its outstanding funded debt. The deal includes a prepackaged financial restructuring plan designed with the intention of reducing debt and...

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QVC Group extends term of CEO by three years

Social shopping company QVC Group has announced that its current president and chief executive officer, David Rawlinson, will be extending his term by three years. Rawlinson had first joined QVC in July 2021, when it had previously been known as Qurate Retail. In a statement, the executive said that during his time at QVC, it has emerged as a “...

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Qurate Retail rebrands to QVC Group to mark growth strategy

Video-driven commerce company Qurate Retail has revealed that it has changed its name to QVC Group to reflect what it says is the brand equity of its largest brand, television shopping network QVC. The rebrand shows further support for the group’s mission to shift into a live social shopping company, a growth strategy through which it hopes to...