QVC Group, operator of QVC and HSN, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, aiming to reduce its $6.6 billion debt to $1.3 billion through a restructuring support agreement. Despite the filing, both linear TV shopping channels and their social media presences will continue normal operations, with employees paid without interruption and suppliers and vendors expected to be paid in full. This move follows a 9% revenue drop to over $9.2 billion in fiscal year 2025 and an operating loss of $809 million in fiscal year 2024, attributed to economic factors, tariffs, and the shift to online and social shopping platforms. The company plans to emerge from this process in under two months, with no additional layoffs anticipated beyond the 900 staff reductions in March 2025.