QVC files for Chapter 11, as the home-shopping giant fights a shaky retail era—founded 1986 by Joseph Segel in West Chester, PA. #Bankruptcy #QVC
QVC Group has filed for Chapter 11 bankruptcy in the U.S., citing declining sales and high debt. The company aims to emerge within 90 days, but warns that its financial situation remains uncertain as it struggles to adapt to changing consumer habits and increased competition.