QVC Group files for Chapter 11 bankruptcy as retail struggles intensify. The iconic US home shopping business, which operates QVC and HSN, announced plans to file for bankruptcy protection around April 15 to restructure finances and stabilize operations. The company's delayed annual report revealed deepening losses, reflecting broader challenges facing traditional retail and television shopping models. This move allows QVC to continue operations while reorganizing debt and streamlining its business structure. The bankruptcy filing marks a significant shift for the decades-old shopping network as consumer preferences shift toward digital and e-commerce platforms. Creditors and stakeholders will navigate the restructuring process in bankruptcy court.
