As West Chester’s QVC Group struggles under $6.6 billion in debt, bankruptcy is becoming an increasingly likely outcome despite creditor talks.
As West Chester-based QVC Group struggles under $6.6 billion in debt, bankruptcy is becoming an increasingly likely outcome despite creditor talks, writes Jeff Blumenthal for the Philadelphia Business Journal.
QVC Group’s debt load surpasses standard measures of its total value, now at a $5.96 billion enterprise value, far exceeding its $25 million market capitalization. Over the past year, the company’s market cap has fallen 85 percent and has plummeted from $5.6 billion since May 2021…