QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report

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QVC Group Inc., the parent company of QVC and HSN, is reportedly considering filing for bankruptcy to address a heavy debt burden of $6.6 billion. The company is actively negotiating a voluntary debt restructuring agreement, possibly involving Chapter 11 bankruptcy. This comes amidst challenges like diminishing TV viewership, a significant stock price drop, and recent operational consolidations and layoffs.

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