1. QVC Files Chapter 11 Bankruptcy to Shed $5 Billion in Debt as Viewership Plummets
The QVC Group, a cornerstone of television retail, has filed for Chapter 11 bankruptcy protection in a drastic move to eliminate over $5 billion of its crushing debt load. This is not a routine restructuring but a direct consequence of a fundamental collapse in its core business model, squeezed between evaporating trad...