QVC Group: $5B+ Debt Cut, Preferred Equity Asset Dispute
QVC Group, parent of QVC and HSN, filed prepackaged chapter 11 on April 16, 2026 in SDTX to implement a $5B+ debt cut, reducing $6.6B to $1.3B. Trade creditors and Cornerstone Brands creditors are unimpaired; emergence is targeted within 90 days.