{{Short description|American fashion holding company}} {{Advert|date=October 2019}} {{Use American English|date=April 2026}} {{Use mdy dates|date=April 2026}} {{Infobox company | name = QVC Group | logo = QVC Group logo.svg | logo_size = 195 | former_names = Liberty Interactive Corporation (2011–2018)<br>Qurate Retail Group (2018–2025) | type = Public | traded_as = {{ubl|class=nowrap| {{NASDAQ|QVCGA}} (Series A)|{{NASDAQ|QVCGB}} (Series B) }} | ISIN = {{ubl|{{ISIN|sl=n|pl=y|US74915M1009}}|{{ISIN|sl=n|pl=y|US74915M2098}}}} | predecessor = Liberty Media | founded = {{start date and age|1991}} | hq_location = {{nowrap|Englewood, Colorado, U.S}} | key_people = {{ubl|Greg Maffei (chairman)|David Rawlinson II (president and CEO)}} | industry = Media holding company | revenue = {{nowrap|{{decrease}} {{US$|10.9 billion|link=yes}} (2023)}} | operating_income = {{increase}} US$590 million (2023) | net_income = {{increasenegative}} US$−145 million (2023) | assets = {{decrease}} US$11.4 billion (2023) | equity = {{decrease}} US$385 million (2023) | owner = John C. Malone (6.7%) | num_employees = {{circa|20,300}} | num_employees_year = 2023 | divisions = List of divisions | website = {{URL|qvcgrp.com}} | footnotes = <ref name=10K>{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1355096/000155837024002032/qrtea-20231231x10k.htm|title=2023 Annual Report (Form 10-K)|publisher= U.S. Securities and Exchange Commission |date=February 28, 2024}}</ref> }}
'''QVC Group''' (formerly '''Qurate Retail, Inc.''', also known as '''Qurate Retail Group'''), is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.{{update inline|date=February 2024|reason=Malone is no longer the chairman}}
==History== ===1998 launch by Liberty Media=== thumb|Liberty Interactive logo Originally a division of Liberty Media, Liberty Interactive was spun-off by Liberty Media on September 28, 1998, to form its own entity entitled. The division was formed with the purpose of taking advantage of emerging technologies, such as set-top boxes, to develop interactive programming. The company initially owned 86% of TCI Music Inc. (NASDAQ symbol: TUNE/TUNEP). {{As of|1999|January}}, E! President and Chief Executive Officer Lee Masters became the new company's CEO, and Bruce Ravenel became the Chief Technology Officer.<ref>{{cite web |url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-16-1999/0000910826&EDATE= |title=Liberty Media Forms Interactive Venture (Press release) |archive-url=https://web.archive.org/web/20071017205603/http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F04-16-1999%2F0000910826&EDATE= |website=PR Newswire |archive-date=2007-10-17 |url-status=dead |access-date=2019-09-06 }}</ref>
On September 10, 1999, TCI Music was renamed Liberty Digital Inc. (NASDAQ symbol: LDIG), with the new company trading on NASDAQ's National Market tier, after Liberty Media traded most of its internet content, interactive television assets, and rights to provide AT&T's cable systems with interactive services, plus cash and notes valued at $150 million, for TCI Music stock.<ref>{{cite web |url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-10-1999/0001019050&EDATE= |title=TCI Music and Liberty Media Complete Transaction (Press release) |website=PR Newswire |access-date=2019-09-06 |archive-url=https://web.archive.org/web/20071017211012/http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F09-10-1999%2F0001019050&EDATE= |archive-date=2007-10-17 |url-status=dead }}</ref> Masters, who became Liberty Digital's CEO, told ''The Wall Street Journal'' that the new company had a value of $1 billion, $650 million of that from the interactive unit of Liberty Media, which had also used the name Liberty Digital.<ref>{{Cite web|title = Liberty Media, TCI Form Internet Group – InternetNews.|url = http://www.internetnews.com/bus-news/article.php/93631/Liberty%20Media%20TCI%20Form%20Internet%20Group.htm|website = www.internetnews.com|access-date = 2015-04-24}}</ref> Liberty Digital lost $244 million with revenue of $66 million in 1999, thanks to investments in struggling Internet businesses HomeGrocer, drugstore.com, TiVo Corporation, and iVillage. The company bought half of the Game Show Network because of its interactive features.<ref>{{cite news | author = Doan, Amy |title=Liberty Is Sweet on Interactive TV |url=https://www.forbes.com/2000/08/26/feat.html |work= Forbes |date= August 26, 2000 |access-date= March 5, 2009 }}</ref>
On December 17, 1999, TCI Satellite Entertainment Inc. (TSAT), based in Englewood, Colorado, announced that Liberty Media was trading its interest in Sprint PCS for $300 million in TCI Satellite preferred stock. A new company, ninety percent owned by Liberty Media and ten percent owned by TCI Satellite, would combine the satellite-related businesses and take advantage of the growing area of Internet content.<ref>{{cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-21-1999/0001102058&EDATE=|title=TCI Satellite Entertainment, Inc. Announces Investment By Liberty Media Corporation and Formation of Joint Venture (Press release)|archive-url=https://web.archive.org/web/20110831174521/http://www2.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F12-21-1999%2F0001102058&EDATE=|website=PR Newswire|archive-date=2011-08-31|url-status=dead|access-date=2019-09-06}}</ref>
=== Spin-offs === In 2004, IAC/Interactive announced the spin-off of its travel site Expedia into the new company Expedia. Barry Diller remained the head of IAC/Interactive and the chairman of Expedia,<ref>{{Cite news|url=https://www.foxnews.com/story/barry-dillers-iac-interactive-to-spin-off-expedia/|title=Barry Diller's IAC/InterActive to Spin Off Expedia|agency=Reuters|date=21 December 2004|work=FOX News|access-date=30 August 2018}}</ref> a move that was completed in 2005.<ref>{{Cite news|url=https://viewfinder.expedia.com/news/iac-completes-spin-off-of-expedia-inc/|title=IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of the spin-off of Expedia, Inc. to IAC shareholders|date=9 August 2005|work=Viewfinder|access-date=30 August 2018}}</ref>
In November 2007, Liberty Media announced four major spin-offs: HSN, Ticketmaster, Interval (vacation and time-share business) and LendingTree. All spun off companies became publicly traded. IAC retained most of its emerging internet businesses: Ask.com, Evite, Match.com, Vimeo, Citysearch and Zwinky. All spun off units remained headed by Barry Diller.<ref>{{Cite news|url=https://www.reuters.com/article/us-iac/iac-to-spin-off-four-units-shares-up-idUSWNAS036220071105|title=IAC to spin off four units, shares up|last=Gershberg|first=Michele|date=5 November 2007|work=Reuters|access-date=30 August 2018}}</ref><ref>{{Cite news|url=https://www.nytimes.com/2007/11/06/technology/06diller.html|title=IAC/InterActive to Split Into 5 Companies|last=Fabrikant|first=Geraldine|date=6 November 2007|work=New York Times|access-date=30 August 2018}}</ref>
In 2010, Liberty Media announced that it would spin off Liberty Starz and Liberty Capital into separate entities.<ref>[https://www.aol.com/2010/06/21/liberty-media-spin-off-liberty-capital-liberty-starz/ Liberty Media Will Spin Off Liberty Capital and Liberty Starz]</ref><ref>[http://www.libertyinteractive.com/overview/company-history.html company history – Liberty Media]</ref>
In October 2014, Liberty Interactive spun off BuySeasons and its stake in TripAdvisor into a new company, Liberty TripAdvisor Holdings.<ref>{{Cite news| title = Liberty Interactive files to spin off TripAdvisor stake| work = Reuters| access-date = 2017-09-24| date = 2014-05-06| url = https://www.reuters.com/article/us-libertyinteractive-divestiture/liberty-interactive-files-to-spin-off-tripadvisor-stake-idUSBREA450E320140506}}</ref>
In 2016, Liberty Interactive announced that it completed spin off of CommerceHub as a separate company and its interests in Expedia and Bodybuilding.com into a new company, Liberty Expedia Holdings.<ref>{{Cite news |date=2016-07-22 |title=Liberty Interactive Corporation Announces Completion of CommerceHub Spin-Off |url=https://www.qurateretail.com/news-media/press-releases/detail/291/liberty-interactive-corporation-announces-completion-of |work=Qurate Retail}}</ref>
=== 2010s sales and acquisitions === thumb|Qurate Retail logo used until February 21, 2025 In July 2014, Liberty Interactive announced it would be selling Provide Commerce (parent of ProFlowers) to FTD in return for an equity stake in FTD.<ref>[https://www.bizjournals.com/denver/news/2014/07/30/ftd-to-buy-liberty-interactives-floral-gift.html FTD to buy Liberty Interactive's floral-gift business for $430M]</ref>
In October 2014, Liberty Interactive announced its board had approved the division of the firm into two trading stocks – one for its shopping business, QVC Group, and another for its digital commerce, Liberty Digital Commerce, which would trade as Liberty Ventures Group.<ref>{{cite press release | publisher=Reuters| date=6 October 2014| title=Liberty Interactive splits into cable shopping, e-commerce groups | url=https://www.reuters.com/article/us-liberty-intrctve-divestiture-idUSKCN0HS25820141003}}</ref>
In April 2017, Liberty Interactive announced it would acquire Alaskan cable company GCI.<ref>{{Cite web| title = Liberty Interactive Buys GCI of Alaska| work = Telecompetitor| access-date = 2017-09-24| url = http://www.telecompetitor.com/liberty-interactive-buys-gci-of-alaska/}}</ref> On July 6, 2017, Liberty Interactive announced that it would purchase the remaining 62% of HSN stock that it didn't already own, in a $2.1 billion all-stock deal at $40.36 a share.<ref>{{cite web | publisher=Wall Street Journal| date=6 July 2017| title=QVC to Acquire Rival HSN for More Than $2 Billion | url=https://www.wsj.com/articles/qvc-to-acquire-rival-hsn-for-more-than-2-billion-1499343460}}</ref><ref>{{cite web | publisher=CNBC| date=6 July 2017| title=QVC buying longtime rival Home Shopping Network in deal valued at $2.1 billion | url=https://www.cnbc.com/2017/07/06/liberty-interactive-to-buy-hsn-in-deal-valued-at-2-point-1-billion.html0}}</ref><ref>{{cite news|last1=Isidore|first1=Chris|title=QVC buying rival Home Shopping Network|url=https://money.cnn.com/2017/07/06/news/companies/qvc-home-shopping-network/index.html|archive-url=https://web.archive.org/web/20170706165026/http://money.cnn.com/2017/07/06/news/companies/qvc-home-shopping-network/index.html|url-status=dead|archive-date=July 6, 2017|access-date=6 July 2017|publisher=CNN Money|date=6 Jul 2017}}</ref>
In July 2017, Liberty Interactive announced that later that year it would spin off its "cable holdings and other non-retail assets" into the new company Liberty Ventures, with Liberty Interactive to be renamed QVC Group. QVC Group would consist of QVC, HSN, Cornerstone Brands, and Zulily.<ref name=ft-qvc>{{cite news |last1=Bond |first1= Shannon |last2= Kwan Yuk |first2=Pan |date=July 6, 2017 |url=https://www.ft.com/content/98bf8ecc-6260-11e7-8814-0ac7eb84e5f1|title=Liberty to combine QVC and HSN in $2.1bn deal | work=Financial Times |location=United Kingdom |access-date=July 9, 2017}}</ref>
On March 1, 2018, Liberty Interactive Corporation announced that it would rename itself to Qurate Retail Group.<ref>{{cite press release|title=Liberty Interactive to Change Name to Qurate Retail Group|url=https://www.prnewswire.com/news-releases/liberty-interactive-to-change-name-to-qurate-retail-group-300606607.html|website=www.prnewswire.com|access-date=8 March 2018|language=en}}</ref><ref>{{Cite web |title=QVC owner Liberty Interactive to rebrand as Qurate Retail Group |url=https://www.retaildive.com/news/qvc-owner-liberty-interactive-to-rebrand-as-qurate-retail-group/518365/ |access-date=2023-11-16 |website=Retail Dive |language=en-US}}</ref><ref>{{Cite web |last=Spangler |first=Todd |date=2018-03-01 |title=John Malone's Liberty Interactive, Owner of QVC and HSN, to Rename Itself 'Qurate' |url=https://variety.com/2018/biz/news/liberty-interactive-qurate-retail-group-qvc-hsn-1202714220/ |access-date=2023-11-16 |website=Variety |language=en-US}}</ref>
=== 2020s ===
In July 2021, Qurate Retail announced that former president and CEO Mike George would be replaced by David Rawlinson II on October 1 of the same year.<ref>{{Cite web|date=2021-07-13|title=Qurate Retail, Inc. Announces David Rawlinson II as Next President and CEO|url=https://www.businesswire.com/news/home/20210713005421/en/Qurate-Retail-Inc.-Announces-David-Rawlinson-II-as-Next-President-and-CEO|access-date=2021-07-13|website=www.businesswire.com|language=en}}</ref><ref>{{Cite news|last=Kapner|first=Suzanne|date=2021-07-13|title=Owner of QVC and HSN Hires David Rawlinson as Its Next CEO|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/owner-of-qvc-and-hsn-hires-david-rawlinson-as-its-next-ceo-11626176700|access-date=2021-07-13|issn=0099-9660}}</ref>
In May 2023, Qurate Retail Group's stock was facing a delisting from the Nasdaq if share prices are unable to rebound, as their stock has declined over 80% over the past year.<ref>{{Cite web|url=https://www.bizjournals.com/philadelphia/news/2023/05/03/qvc-hsn-qurate-retail-stock-price-delisting.html|title=QVC, HSN parent Qurate Retail Group faces delisting from Nasdaq is share price doesn't rebound|date=May 3, 2023|access-date=October 3, 2023|website=The Business Journals|language=en}}</ref> To avoid delisting, Qurate Retail announced the sale of Zulily to Regent, L.P.<ref>{{cite news|url= https://www.businesswire.com/news/home/20230524005919/en/Qurate-Retail-Announces-Sale-of-Zulily-to-Regent |title= Qurate Retail Announces Sale of Zulily to Regent|date=May 24, 2023|access-date=May 24, 2023}}</ref> In October 2023, CreditRiskMonitor reported that Qurate Retail Group was nearing a potential Chapter 11 bankruptcy filing.<ref>{{Cite web|url=https://www.retaildive.com/news/retailers-at-risk-of-bankruptcy-2023/694548/|title=11 retailers at risk of bankruptcy in 2023|date=October 2, 2023|access-date=October 3, 2023|website=Retail Dive|language=en}}</ref> On February 21, 2025, Qurate Retail Group officially changed its name to QVC Group.
On April 15, 2026, QVC Group warned that it was preparing to file for Chapter 11 bankruptcy as soon as the end of that day, citing steadily viewer declines and debt burdens. QVC Group plans to enter a prepackaged restructuring support agreement with its creditors and exit Chapter 11 bankruptcy within no later than 90 days, or by around July 2026.<ref>{{Cite web|url= https://www.bloomberg.com/news/articles/2026-04-15/tv-shopping-network-qvc-plans-to-file-bankruptcy-imminently|title= TV-Shopping Network QVC Plans to File Bankruptcy Imminently|first1=Reshmi|last1=Basu|first2=Jonathan|last2=Randles|date=2026-04-15|access-date=2026-04-15|website=Bloomberg|language=en}}</ref> On April 16, QVC Group filed for Chapter 11 bankruptcy protection in the United States District Court for the Southern District of Texas with plans to reduce over $5 billion in long-term debt, which will allow for the company to continue operating while having over $1 billion in debt remaining.<ref>{{Cite web|url= https://www.bloomberg.com/news/articles/2026-04-16/qvc-shopping-channel-files-bankruptcy-to-cut-5-billion-of-debt?srnd=homepage-americas&embedded-checkout=true|title= QVC Shopping Channel Files Bankruptcy to Cut $5 Billion of Debt|first=Reshmi|last=Basu|date=2026-04-16|access-date=2026-04-16|website=Bloomberg|language=en}}</ref>
==Activities== *QVC Group: QVC, Inc., HSN, Cornerstone Brands *Interests in: Brit + Co, FTD, giggle, ILG, Liberty Broadband, LendingTree, Quid
==See also== * List of Colorado companies
==References== {{Reflist|2}}
==External links== *{{Official website|https://www.qvcgrp.com}}
{{Liberty Interactive}} {{authority control|state=expanded}} {{Portal bar|Companies|Television}}
Category:American companies established in 1998 Category:Mass media companies of the United States Category:Conglomerate companies of the United States Category:Holding companies of the United States Category:Companies based in Colorado Category:Douglas County, Colorado Category:Mass media companies established in 1998 Category:Holding companies established in 1998 Category:Companies listed on the Nasdaq Category:Corporate spin-offs Category:Former Liberty Media subsidiaries Category:Companies that filed for Chapter 11 bankruptcy in 2026