QVC Group, Inc. reports that the U.S. Bankruptcy Court for the Southern District of Texas has entered a Confirmation Order approving the Second Amended Joint Prepackaged Plan of Reorganization for QVC Group and its debtor affiliates. After expiration or waiver of any stay and satisfaction or waiver of conditions, the company parties intend to consummate the transactions contemplated by the plan and emerge from chapter 11 protection.
As of June 30, 2026, there were 7,911,869 Series A common shares, 182,233 Series B common shares and 12,723,158 shares of 8.0% Series A Cumulative Redeemable Preferred Stock outstanding; on the plan’s Effective Date, all such equity interests will be cancelled, released, discharged and extinguished. After giving effect to the plan, 50,000,000 shares of common stock of Reorganized QVC are currently expected to be issued and outstanding, excluding shares reserved for future issuance. The plan provides for cancellation of existing QVC Notes and LINTA Notes in exchange for distributions specified in the plan. The company cautions that trading in its securities during the Chapter 11 Cases is highly speculative and that equity holders are expected to receive no distributions, with their interests cancelled for no consideration.
QVC Group, Inc. is operating under Chapter 11 in the Southern District of Texas and filed May 2026 Monthly Operating Reports for itself and affiliates. For QVC Group, Inc., cash at May 31, 2026 was $171,063,085 and total assets were $299,252,652 versus total liabilities of $1,418,068,055, resulting in negative equity of $1,118,815,403. The entity recorded a May loss of $17,291,070, including $15,181,300 of reorganization items, with no net sales.
The company notes these reports are unaudited, prepared for Bankruptcy Code reporting and may differ from U.S. GAAP financials. Separately, the U.S. Bankruptcy Court has confirmed QVC Group’s comprehensive, prepackaged restructuring plan, which will reduce total debt from approximately $6.6 billion to $1.325 billion and provide unimpaired treatment for all vendors. Upon emergence, all existing preferred and common shares will be cancelled, new common stock is expected, subject to approvals, to list under “QVCG,” and the reorganized company expects access to a new $600 million line of credit. Emergence and these changes remain subject to customary closing conditions.