Parent company of QVC and HSN seeks bankruptcy protection and aims for quick debt restructuring
The QVC Group, which operates well-known shopping channels such as QVC and HSN, has initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. In a press release, the company stated that it is seeking a Reorganization Support Agreement (RSA) to significantly reduce its debt from $6.6 billion to […]
More than 300K smoke alarms sold on HSN recalled over safety risk
More than 300,000 smoke alarms sold by HSN, formerly known as Home Shopping Network, have been recalled due to the risk of not warning homeowners of smoke conditions. of U.S. Consumer Product Safety Commission announced Thursday a recall warning for approximately 328,000 Samurai Mini smoke alarms. The agency announced that it conducted smoke detection tests […]