Parent Company of QVC and HSN Files for Bankruptcy: What Does It Mean for Customers, and What Happens Next?

QVC Group, the parent company of QVC and HSN, has filed for Chapter 11 bankruptcy protection in the US. The company has enough cash to continue operating and expects to complete the restructuring within 90 days. QVC Group brands are operating as usual, with no employee layoffs or furloughs planned. Customers can continue to shop, return products, and use gift cards and credit cards without interruption. The bankruptcy does not affect international operations.