Overview
- IndustryRetail-Catalog & Mail-Order Houses1
- HeadquartersWest Chester, Pennsylvania1
- Business address1200 Wilson Drive, West Chester, Pa 193803
- Filer categoryNon-accelerated filer3
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QVC Group, Inc. ("QVC Group", the “Company”, “we”, “us” and “our”), formerly known as Qurate Retail, Inc., owns interests in subsidiaries and other companies which are primarily engaged in the video and online commerce industries. Through our subsidiaries and affiliates, we operate in North America, Europe and Asia. Our principal businesses and assets include our consolidated subsidiaries QVC, Inc. ("QVC"), Cornerstone Brands, Inc. (“CBI”), and other equity investments. Our largest businesses and reportable segments are QxH (QVC U.S. and HSN, Inc. (“HSN”)), QVC International and CBI.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue66¢$6.1B
- Selling, general and admin19¢$1.7B
- Other costs13¢$1.2B
- Income tax2¢$185.0M
Out of $9.2B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid0¢$1.0M
- Kept or used elsewhere100¢$273.0M
Out of $274.0M of cash from operations.2
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.1B6 | $13.5B7 | $14.2B8 | $14.0B9 | $12.1B10 | $10.9B2 | $10.0B2 | $9.2B2 |
| Cost of revenue | $7.2B2 | $6.5B2 | $6.1B2 | |||||
| Gross profit | $3.8B10 | $3.7B2 | $3.5B2 | $3.2B2 | ||||
| Selling, general and admin | $1.9B6 | $1.8B7 | $1.9B8 | $1.9B9 | $1.9B10 | $1.9B2 | $1.7B2 | $1.7B2 |
| Operating expenses | $13.0B9 | $14.1B10 | $10.3B2 | $10.8B2 | $11.3B2 | |||
| Operating income | $1.3B6 | $184.0M7 | $1.6B8 | $1.1B9 | -$2.0B10 | $590.0M2 | -$809.0M2 | -$2.1B2 |
| Interest | $381.0M6 | $374.0M7 | $408.0M8 | $468.0M9 | $456.0M9 | $451.0M9 | ||
| Income before tax | $638.0M9 | -$2.3B10 | $66.0M2 | -$1.3B2 | -$2.6B2 | |||
| Income tax | $60.0M6 | -$217.0M7 | -$203.0M8 | $217.0M9 | $224.0M10 | $160.0M2 | -$41.0M2 | -$185.0M2 |
| Net income | $916.0M6 | -$456.0M7 | $1.2B8 | $340.0M9 | -$2.6B10 | -$145.0M2 | -$1.3B2 | -$2.4B2 |
| Earnings per share | -$1.087 | $2.888 | $0.849 | -$6.8310 | -$18.502 | -$163.002 | -$302.972 | |
| Earnings per share (diluted) | -$1.087 | $2.848 | $0.829 | -$6.8310 | -$18.502 | -$163.002 | -$302.972 | |
| Shares (weighted, basic) | 403.0M shares9 | 380.0M shares10 | 7.7M shares2 | 7.9M shares2 | 8.1M shares2 | |||
| Shares (weighted, diluted) | 415.0M shares9 | 383.0M shares10 | 7.7M shares2 | 7.9M shares2 | 8.1M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $653.0M14 | $673.0M6 | $806.0M7 | $587.0M8 | $1.3B9 | $1.1B10 | $905.0M2 | $2.0B2 |
| Inventory | $1.6B8 | $1.3B9 | $1.0B10 | $1.1B2 | $972.0M2 | |||
| Current assets | $4.2B14 | $4.6B6 | $4.6B7 | $4.4B8 | $4.3B9 | $3.7B10 | $3.3B2 | $4.2B2 |
| Goodwill | $6.3B9 | $3.5B10 | $3.2B2 | $2.2B2 | $800.0M2 | |||
| Intangible assets | $745.0M8 | $612.0M9 | $526.0M10 | $402.0M2 | $336.0M2 | |||
| Total assets | $17.8B14 | $17.3B6 | $17.0B7 | $16.2B8 | $12.6B9 | $11.4B10 | $9.2B2 | $7.6B2 |
| Accounts payable | $1.4B8 | $976.0M9 | $895.0M10 | $776.0M2 | $701.0M2 | |||
| Short-term debt | $1.3B8 | $828.0M9 | $642.0M10 | $867.0M10 | $5.0B2 | |||
| Current liabilities | $4.0B14 | $4.0B6 | $4.7B7 | $4.2B8 | $3.1B9 | $2.6B10 | $2.7B2 | $6.7B2 |
| Long-term debt | $6.0B14 | $5.9B6 | $5.2B7 | $5.7B8 | $5.5B9 | $4.7B10 | $4.1B10 | |
| Total liabilities | $12.1B14 | $12.3B6 | $13.3B7 | $13.2B8 | $12.0B9 | $10.9B10 | $10.1B2 | $10.7B2 |
| Retained earnings | $2.9B8 | $337.0M9 | $196.0M10 | -$1.1B2 | -$3.5B2 | |||
| Shareholders’ equity | $5.6B14 | $4.8B6 | $3.6B7 | $2.9B8 | $412.0M9 | $385.0M10 | -$971.0M2 | -$3.1B2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.3B6 | $1.3B7 | $2.5B8 | $1.2B9 | $194.0M10 | $919.0M2 | $525.0M2 | $274.0M2 |
| Depreciation and amortization | $537.0M9 | $481.0M10 | $407.0M2 | $383.0M2 | $398.0M2 | |||
| Stock-based compensation | $72.0M9 | $60.0M10 | $53.0M2 | $32.0M2 | $16.0M2 | |||
| Capital spending | ||||||||
| Free cash flow | ||||||||
| Cash from investing | -$501.0M9 | $601.0M10 | -$54.0M2 | -$225.0M2 | -$245.0M2 | |||
| Dividends paid | $1.3B8 | $503.0M9 | $12.0M10 | $8.0M2 | $4.0M2 | $1.0M2 | ||
| Share buybacks | $988.0M6 | $392.0M7 | $70.0M8 | $365.0M9 | ||||
| Cash from financing | -$914.0M9 | -$72.0M10 | -$1.0B2 | -$498.0M2 | $1.1B2 |
Corporate structure
Old QVC Group, Inc. sits at the top of its group. 27 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Old QVC Group, Inc.
- Goldman Sachs Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Sep 8, 2026 (2 filings since May 7, 2026)
- Contrarius Investment Management Ltd Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Aug 11, 2026 (9 filings since Feb 12, 2024)
- Jonathan H. Dorfman Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest May 18, 2026 (3 filings since May 15, 2026)
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest May 14, 2026 (4 filings since Aug 11, 2025)
- Permit Capital, LLC Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Apr 30, 2026 (2 filings since Sep 10, 2025)
- Asymmetry Point LP Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Apr 29, 2026 (2 filings since Sep 2, 2025)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- FPR PARTNERS LLC Filed SCHEDULE 13G/A on Old QVC Group, Inc., latest Jun 6, 2025 (5 filings since Feb 14, 2022)
- Greg Maffei Filed SC 13D/A on Old QVC Group, Inc., latest Sep 25, 2024 (4 filings since Mar 14, 2022)
- &. Cox Dodge Filed SC 13G/A on Old QVC Group, Inc., latest Feb 13, 2024 (4 filings since Feb 14, 2022)
- Old QVC Group, Inc. West Chester, Pennsylvania
- Home Shopping Espanol (Mexico) S. de R.L. de C.V. Subsidiary · Mexico
- QVC (Barbados) International Finance SRL Subsidiary · Barbados
- QVC Britain Subsidiary · United Kingdom
- QVC China Holdings Limited (fka Pier Success Investments Limited) Subsidiary · Hong Kong
- QVC eDistribution LLC & Co. KG (fka QVC eDistribution Inc. & Co. KG) Subsidiary · Germany
- QVC eService LLC & Co. KG (fka QVC eService Inc. & Co. KG) Subsidiary · Germany
- QVC France Holdings, S.à.r.l. (fka QVC Brazil Holdings I, S.à.r.l.) Subsidiary · Luxembourg
- QVC Germany I S.à r.l. (fka QVC Germany I, Inc. and QVC Germany I LLC) Subsidiary · Luxembourg
- QVC Germany II S.à r.l. (fka QVC Germany II, Inc. and QVC Germany I LLC) Subsidiary · Luxembourg
- QVC Global Markets S.à r.l. Subsidiary · Luxembourg
- QVC Group Global Business Services Sp. z o.o Subsidiary · Poland
- QVC Grundstücksverwaltungs GmbH Subsidiary · Germany
- QVC Handel S.à r.l. & Co. KG (fka QVC International Management LLC & Co. KG; QVC Handel LLC & Co. KG) Subsidiary · Germany
- QVC Iberia, S.L. Subsidiary · Spain
- QVC International Holdings S.à r.l. Subsidiary · Luxembourg
- QVC International Management GP S.à r.l. Subsidiary · Luxembourg
- QVC Italia S.r.l. Subsidiary · Italy
- QVC Japan, Inc. Subsidiary · Japan
- QVC Satellite, Inc. Subsidiary · Japan
- QVC SPFO SARL (LUXEMBOURG) Subsidiary · Luxembourg
- QVC Suisse Finance GmbH Subsidiary · Switzerland
- QVC Suisse Holdings GmbH Subsidiary · Switzerland
- QVC Trading (Shanghai) Co., Ltd. Subsidiary · China
- QVC Trading (Shenzhen) Co., Ltd. Subsidiary · China
- QVC UK (fka QVC) Subsidiary · United Kingdom
- and 1 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Old QVC Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $570.0M2 Dec 31, 2025 | $600.0M2 Dec 31, 2024 | −5.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.0B2 Dec 31, 2025 | $905.0M2 Dec 31, 2024 | +117.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $800.0M2 Dec 31, 2025 | $2.2B2 Dec 31, 2024 | −63.9% |
| Trademarks and trade names (indefinite-lived) | $1.2B2 Dec 31, 2025 | $2.1B2 Dec 31, 2024 | −43.9% |
| Finite-lived intangibles, gross | $4.3B2 Dec 31, 2025 | $4.6B2 Dec 31, 2024 | −6.8% |
| Accumulated amortization | $3.9B2 Dec 31, 2025 | $4.2B2 Dec 31, 2024 | −5.9% |
| Finite-lived intangibles, net | $336.0M2 Dec 31, 2025 | $402.0M2 Dec 31, 2024 | −16.4% |
Inventory
Properties, in its own words
We lease our corporate headquarters and operations center in West Chester, Pennsylvania, which includes executive offices, video broadcast studios, showrooms, broadcast facilities and administrative offices for QVC. Our corporate headquarters and the remainder of our material properties are summarized as follows:
Properties
The rest of Item 2
Location · Type · Own or Lease · Operating Segment
West Chester, Pennsylvania · Corporate Headquarters · Lease · QxH
Bethlehem, Pennsylvania · Distribution Center · Lease · QxH
Suffolk, Virginia · Distribution Center · Lease · QxH
Florence, South Carolina · Distribution Center · Lease · QxH
Ontario, California · Distribution Center · Lease · QxH
Piney Flats, Tennessee · Distribution Center · Lease · QxH
Chiba, Japan · Distribution Center · Own · QVC-International
Hückelhoven, Germany · Distribution Center · Lease · QVC-International
Knowsley, U.K. · Multi-functional · Lease · QVC-International
Chiba, Japan · Multi-functional · Own · QVC-International
Brugherio, Italy · Multi-functional · Own · QVC-International
Düsseldorf, Germany · Multi-functional · Own · QVC-International
London, U.K. · Multi-functional · Lease · QVC-International
Franconia, New Hampshire · Multi-functional · Own · CBI
West Chester, Ohio · Multi-functional · Lease · CBI
Phoenix, Arizona · Distribution Center · Lease · CBI
West Chester, Ohio · Distribution Center · Lease · CBI
Monroe, Ohio · Distribution Center · Lease · CBI
We supplement the facilities listed above by leasing various facilities worldwide, including 35 retail and outlet stores for CBI (located throughout the U.S.).
In September 2025, QVC entered into agreements to sell the St. Petersburg properties to independent third parties and two of the St. Petersburg property sales closed in December 2025. The sale of the remaining property is expected to be completed within the next twelve months. Refer to note 14 of the accompanying consolidated financial statements for additional details.
Item 2 of the 10-K filed Apr 15, 2026.5
Leadership
Who has led Old QVC Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerMichael A. George Mar 13, 2018 to Sep 10, 202116
- Chief executive officerGreg Maffei May 16, 2006 to Mar 7, 201817
- ChairGreg Maffei Mar 13, 2018 to now18
- ChairJohn C. Malone Dec 19, 2006 to Nov 8, 201619
- PresidentAidan O'Meara Apr 8, 2025 to now20
- PresidentMichael A. George Mar 13, 2018 to Jul 8, 202116
- PresidentGreg Maffei May 16, 2006 to Mar 7, 201817
- Chief financial officerBill Wafford Apr 8, 2025 to now21
- Chief financial officerMark D. Carleton Oct 7, 2016 to Mar 11, 201922
- Chief financial officerChristopher W. Shean Dec 19, 2011 to Sep 26, 201623
- Chief operating officerMike Fitzharris Apr 8, 2025 to now24
Board members and other officers (28)
- Pres. & Chf Grwth Oficr - QVCGAlex Benson Wellen Apr 8, 2025 to now25
- Pres. HSN Brand & US MerchStacy Bowe Apr 8, 2025 to now26
- SVP/Controller/PFOBrian J. Wendling Jul 9, 2019 to now27
- Senior Vice PresidentAlbert E. Rosenthaler Dec 19, 2006 to Apr 3, 202428
- Senior Vice PresidentCharles Y. Tanabe Dec 19, 2006 to Dec 19, 201229
- Senior Vice PresidentChristopher W. Shean Dec 19, 2006 to Sep 27, 201130
- Senior Vice PresidentDavid J. A. Flowers Dec 19, 2006 to Oct 27, 201131
- Board memberRoger Meltzer Jun 27, 2025 to now32
- Board memberCarol Flaton Jul 18, 2025 to now33
- Board memberFiona P. Dias Jan 3, 2018 to now34
- Board memberJohn C. Malone Mar 13, 2018 to Dec 22, 202335
- Board memberRich Barton Dec 21, 2016 to now36
- Board memberMark C. Vadon Oct 5, 2015 to Dec 8, 202137
- Board memberMichael A. George Oct 3, 2011 to Dec 14, 202138
- Board memberAndrea L. Wong May 6, 2010 to now39
- Board memberMalcolm Ian Grant Gilchrist Aug 7, 2009 to now40
- Board memberEvan Daniel Malone Aug 13, 2008 to now41
- Board memberLarry E. Romrell Mar 6, 2007 to Dec 12, 202342
- Board memberDavid E. Rapley May 14, 2007 to May 14, 202143
- Board memberDonne F. Fisher May 14, 2007 to Sep 27, 201144
- Board memberM. Lavoy Robison May 14, 2007 to Mar 13, 201845
- Board memberRobert Bennett May 15, 2007 to Sep 27, 201146
- Board memberGreg Maffei May 16, 2006 to Mar 7, 201817
- Board memberPaul A. Gould Jun 15, 2006 to Dec 23, 200847
- General counselEve Delsoldo May 21, 2025 to now48
- General counselRenee L. Wilm Oct 1, 2019 to now49
- General counselRichard N. Baer Jan 4, 2013 to Mar 11, 201950
- General counselCharles Y. Tanabe Nov 23, 2009 to Nov 30, 200951
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Home Shopping Espanol (Mexico) S. de R.L. de C.V. Mexico4
- QVC (Barbados) International Finance SRL Barbados4
- QVC Britain UK4
- QVC China Holdings Limited (fka Pier Success Investments Limited) Hong Kong4
- QVC France Holdings, S.à.r.l. (fka QVC Brazil Holdings I, S.à.r.l.) Luxembourg4
- QVC Germany I S.à r.l. (fka QVC Germany I, Inc. and QVC Germany I LLC) Luxembourg4
- QVC Germany II S.à r.l. (fka QVC Germany II, Inc. and QVC Germany I LLC) Luxembourg4
- QVC Global Markets S.à r.l. Luxembourg4
- QVC Group Global Business Services Sp. z o.o Poland4
- QVC Grundstücksverwaltungs GmbH Germany4
- QVC Handel S.à r.l. & Co. KG (fka QVC International Management LLC & Co. KG; QVC Handel LLC & Co. KG) Germany4
- QVC Iberia, S.L. Spain4
- QVC International Holdings S.à r.l. Luxembourg4
- QVC International Management GP S.à r.l. Luxembourg4
- QVC Italia S.r.l. Italy4
- QVC Japan, Inc. Japan4
- QVC SPFO SARL (LUXEMBOURG) Luxembourg4
- QVC Satellite, Inc. Japan4
- QVC Suisse Finance GmbH Switzerland4
- QVC Suisse Holdings GmbH Switzerland4
- QVC Trading (Shanghai) Co., Ltd. China4
- QVC Trading (Shenzhen) Co., Ltd. China4
- QVC UK (fka QVC) UK4
- QVC eDistribution LLC & Co. KG (fka QVC eDistribution Inc. & Co. KG) Germany4
All 26 listed subsidiaries
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Aug 7, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation52
- Aug 3, 20268-K Regulation FD disclosure53
- Jul 24, 20268-K Bankruptcy or receivership54
- Jul 17, 20268-K Regulation FD disclosure55
- Jun 17, 20268-K Regulation FD disclosure56
- Apr 20, 20268-K Listing notice or transfer57
- Apr 17, 20268-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated58
- Feb 20, 20268-K Regulation FD disclosure59
- Jan 26, 20268-K Regulation FD disclosure60
- Nov 5, 20258-K Results of operations61
- Oct 7, 20258-K Regulation FD disclosure62
- Aug 15, 20258-K Executive or director change63
- Mar 13, 2018New chief executive Michael A. George becomes CEO16
- May 16, 2006New chief executive Greg Maffei becomes CEO17
Calendar
When it reported results
- Nov 5, 2025Reported quarterly or annual results61
- Aug 7, 2025Reported quarterly or annual results64
- May 8, 2025Reported quarterly or annual results65
- Feb 28, 2025Reported quarterly or annual results66
- Nov 7, 2024Reported quarterly or annual results67
- Aug 8, 2024Reported quarterly or annual results68
- May 8, 2024Reported quarterly or annual results69
- Feb 28, 2024Reported quarterly or annual results70
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
368 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 110 major events, 146 insider forms, 42 large holders, 49 other. The latest 20:
- Sep 8, 2026SCHEDULE 13G/A EDGAR
- Aug 21, 202615-12G EDGAR
- Aug 11, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
- Aug 11, 2026S-8 POS EDGAR
The 368 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
24 open-market trades by officers, directors and large owners since October 2021: 4 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 20, 2026 | GOLDMAN SACHS GROUP INC10% owner | Buy | 10,006 | $0.55 | $5.5K | Form 4 |
| Apr 20, 2026 | GOLDMAN SACHS GROUP INC10% owner | Sale | 9,964 | $0.51 | $5.1K | Form 4 |
| Apr 20, 2026 | GOLDMAN SACHS & CO. LLC10% owner | Buy | 10,006 | $0.55 | $5.5K | Form 4 |
| Apr 20, 2026 | GOLDMAN SACHS & CO. LLC10% owner | Sale | 9,964 | $0.51 | $5.1K | Form 4 |
| Mar 3, 2025 | Wong Andrea LDirector | Sale | 118,835 | $0.29 | $34.5K | Form 4 |
| Dec 17, 2024 | Wendling Brian JCAO/PFO | Sale | 4,500 | $36.70 | $165.2K | Form 4 |
| Dec 5, 2024 | Wendling Brian JCAO/PFO | Sale | 5,000 | $38.41 | $192.1K | Form 4 |
| Nov 21, 2024 | Wendling Brian JCAO/PFO | Sale | 43,064 | $0.36 | $15.5K | Form 4 |
| Sep 12, 2024 | Wilm Renee LChief Legal/Admin Officer | Sale | 75,789 | $0.97 | $73.7K | Form 4 |
| May 22, 2024 | Rawlinson DavidPresident & CEO | Buy | 90,600 | $0.72 | $65.2K | Form 4 |
| May 21, 2024 | Rawlinson DavidPresident & CEO | Buy | 9,400 | $0.71 | $6.7K | Form 4 |
| Nov 27, 2023 | Wendling Brian JCAO/PFO | Sale | 20,000 | $0.89 | $17.8K | Form 4 |
| Nov 8, 2023 | ROMRELL LARRY EDirector | Sale | 1,204 | $28.56 | $34.4K | Form 4 |
| Sep 20, 2023 | Wendling Brian JCAO/PFO | Sale | 26,231 | $0.63 | $16.5K | Form 4 |
| Aug 25, 2023 | ROSENTHALER ALBERT EChief Corp. Dev. Officer | Sale | 95 | $0.72 | $68 | Form 4 |
| Aug 16, 2023 | MAFFEI GREGORY BChairman of the Board | Sale | 101 | $35.63 | $3.6K | Form 4 |
| Mar 17, 2023 | Wilm Renee LChief Legal/Admin Officer | Sale | 18,100 | $0.92 | $16.7K | Form 4 |
| Mar 17, 2023 | Wendling Brian JCAO/PFO | Sale | 10,100 | $0.92 | $9.3K | Form 4 |
| Mar 17, 2023 | ROSENTHALER ALBERT EChief Corp. Dev. Officer | Sale | 18,100 | $0.92 | $16.7K | Form 4 |
| Mar 17, 2023 | Rawlinson DavidPresident & CEO | Sale | 89,300 | $0.92 | $82.2K | Form 4 |
All 24 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Goldman SachsSCHEDULE 13G/A, 2 filings May 7, 2026 to Sep 8, 202671
- Contrarius Investment Management LtdSCHEDULE 13G/A, 9 filings Feb 12, 2024 to Aug 11, 202672
- Jonathan H. DorfmanSCHEDULE 13G/A, 3 filings May 15, 2026 to May 18, 202673
- CHARLES SCHWAB INVESTMENT MANAGEMENT INCSCHEDULE 13G/A, 4 filings Aug 11, 2025 to May 14, 202674
- Permit Capital, LLCSCHEDULE 13G/A, 2 filings Sep 10, 2025 to Apr 30, 202675
- Asymmetry Point LPSCHEDULE 13G/A, 2 filings Sep 2, 2025 to Apr 29, 202676
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202677
- FPR PARTNERS LLCSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Jun 6, 202578
- Greg MaffeiSC 13D/A, 4 filings Mar 14, 2022 to Sep 25, 202479
- &. Cox DodgeSC 13G/A, 4 filings Feb 14, 2022 to Feb 13, 202480
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | David Rawlinson IIPresident and Chief Executive Officer | $1.2M | $6.3M81 | |
| 2024 | Gregory B. MaffeiChairman of the Board | $300.0K | $4.4M81 | |
| 2024 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $45.0K | $504.6K81 | |
| 2024 | Brian J. WendlingChief Accounting Officer and Principal Financial Officer | $156.8K | $420.6K81 | |
| 2023 | David Rawlinson IIPresident and Chief Executive Officer | $1.2M | $5.1M81 | |
| 2023 | Gregory B. MaffeiChairman of the Board | $330.0K | $5.1M81 | |
| 2023 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $132.3K | $485.2K81 | |
| 2023 | Brian J. WendlingChief Accounting Officer and Principal Financial Officer | $143.2K | $330.7K81 | |
| 2022 | David Rawlinson IIPresident and Chief Executive Officer | $1.2M | $5.0M81 | |
| 2022 | Gregory B. MaffeiChairman of the Board | $390.0K | $4.7M81 | |
| 2022 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $124.8K | $506.2K81 | |
| 2022 | Brian J. WendlingChief Accounting Officer and Principal Financial Officer | $124.0K | $326.1K81 |
SEC filer profile
How Old QVC Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAROld QVC Group, Inc.1
- CIK0001355096
- Employer ID (EIN)84-12887305
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)5961 Retail-Catalog & Mail-Order Houses1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address1200 Wilson Drive, West Chester, PA 193801
- Phone48470110001
- Shares outstanding7,911,869 Common Class A shares; 182,233 Common Class B shares as of Mar 31, 20265
- Public float$22.0M as of Jun 30, 20255
- AuditorKPMG LLP, Philadelphia, PA PCAOB ID 185; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceMar 15, 20061
- Filings2,568 in all: 4 (1,094), 8-K (511), 425 (169), SC 13G/A (88), SC 13D/A (78), S-8 POS (63), 10-Q (61), UPLOAD (47)1
All 56 form types
SC 13G (44), S-8 (40), 3 (39), CORRESP (35), DEFA14A (30), 4/A (25), 10-K (20), SC 13D (19), DEF 14A (18), PRER14A (18), SCHEDULE 13G/A (18), SD (13), 8-K/A (12), S-4/A (9), 10-K/A (8), 8-A12B/A (8), SC TO-I/A (8), 11-K (6), 25-NSE (6), ARS (6), PRE 14A (6), SC TO-T/A (6), 424B3 (5), EFFECT (5), PREM14A (5), S-4 (5), SCHEDULE 13G (5), DEFM14A (4), 8-A12B (3), CERTNAS (3), SC 13E3/A (3), SC TO-C (3), SC TO-I (3), 144 (2), 3/A (2), DEFR14A (2), SC 13E3 (2), 15-12G (1), 25 (1), 25-NSE/A (1), 8-A12G (1), CERT (1), NO ACT (1), NT 10-K (1), POS AM (1), REGDEX (1), S-3ASR (1), SC TO-T (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Mar 28, 2025
Latest 8-K (8-K) Aug 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Series A Common Stock | QVCGA | Nasdaq |
| Series B Common Stock | QVCGB | |
| 8.0% Series A Cumulative Redeemable Preferred Stock | QVCGP | Nasdaq |
From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Old QVC Group, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 50 risks under these headings, as written.5
- Risks Related to Chapter 11 Bankruptcy
- Risks Related to Our Financial Condition and Business
- Risks Related to Technology and Information Security
- Risks Related to our Facilities and Third-Party Suppliers and Vendors
- Risks Related to the Seasonality of Our Business and Key Personnel
- Risks Related to Economic Conditions
- Risks Related to Our Indebtedness and Common Stock
- We intend to commence Chapter 11 reorganization proceedings under the Bankruptcy Code, which will cause our capital stock to decrease in value and will eventually render our capital stock worthless.
- We are subject to other risks and uncertainties associated with our Chapter 11 Cases.
- Delays in our Chapter 11 Cases increase the risks of us being unable to reorganize our business and emerge from bankruptcy and increase our costs associated with the bankruptcy process.
- Operating under the Bankruptcy Court protection for a long period of time may harm our business.
- The Plan is based in large part upon assumptions and analyses developed by us. If these assumptions and analyses prove to be incorrect, our Plan may be unsuccessful in its execution.
The other 45 risks
- Even if the Plan is consummated, we may not be able to achieve our stated goals and continue as a going concern.
- Changes to our capital structure may have a material adverse effect on existing and future debt and security holders, and will adversely impact holders of our capital stock.
- The negotiations regarding the Restructuring have consumed and will continue to consume a substantial portion of the time and attention of our management, which may have an adverse effect on our business and results of operations, and we may face increased levels of employee attrition.
- Our long-term liquidity requirements and the adequacy of our capital resources are difficult to predict at this time.
- Upon emergence from Chapter 11 bankruptcy, Reorganized QVC will be subject to risks related to its substantial indebtedness.
- Our actual financial results after emergence from bankruptcy may not be comparable to our projections filed with the Bankruptcy Court in the course of the Chapter 11 Cases.
- As a result of the Chapter 11 Cases, our historical financial information may not be indicative of our future financial performance, which may be volatile.
- In connection with the Chapter 11 Cases, we expect that our Series A common stock and Preferred Stock (as defined below) will be delisted from Nasdaq and there is no guarantee that such stock will be regularly traded on the over-the-counter markets.
- Trading in our securities during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Pursuant to the Plan, our capital stock is expected to be cancelled without recovery, which may result in such holders being unable to recover their investments.
- Our ability to use certain tax attributes and tax basis in assets may be reduced or eliminated in connection with the implementation of the Plan, which may increase our future cash tax liabilities.
- Taxing authorities may challenge tax positions we will take with respect to the consequences of the Chapter 11 Cases and the transactions contemplated thereby and, in the event such a challenge were successful, it could result in a material current tax liability for Reorganized QVC.
- We may be subject to claims that will not be discharged in the Chapter 11 Cases.
- In certain instances, a Chapter 11 case may be converted to a case under Chapter 7 of the Bankruptcy Code.
- There are questions about our ability to continue operating as a going concern.
- Business improvement initiatives focused on promoting business growth strategies and generating cost savings may not be successful in generating operating results in the anticipated amounts, it may take longer than expected to realize such results, or they could produce such results for only for a limited period.
- Our net revenue and operating results depend on our ability to predict or respond to consumer preferences.
- Our long-term success depends in large part on our continued ability to attract new customers and retain existing customers and we may not be able to do that in a cost-effective manner.
- The failure to maintain suitable placement for our programming, to adapt to changes in consumer behavior driven by online video distribution platforms for viewing content or achieve success in our social media and digital streaming efforts could adversely affect our ability to attract and retain television viewers and could result in a decrease in revenue.
- We are subject to risks of adverse government regulation, and we may be subject to claims for representations made in connection with the sale and promotion of merchandise or for harm experienced by customers who purchase merchandise from us.
- Use of social media and influencers may materially and adversely affect our reputation or subject us to fines or other penalties.
- Legislation or regulations related to corporate sustainability and varied perspectives of governmental and non-governmental organizations, stockholders and customers on sustainability issues may have a material adverse effect on our business and results of operations.
- We may fail to adequately protect our intellectual property rights or may be accused of infringing intellectual property rights of third parties.
- QVC and HSN offer their installment payment option on most of their merchandise and, in certain circumstances offer it as the default payment option. Failure to effectively manage our installment sales plans and revolving credit card programs as applicable, could negatively impact our results of operations.
- Impairment of our goodwill or other intangible assets could have a material adverse effect on our business, results of operations and financial condition.
- Any continued or permanent inability to transmit our programming via satellite would result in lost revenue and could result in lost customers.
- Our e-commerce businesses could be negatively affected by changes in third-party digital platform algorithms and dynamics as well as their inability to monetize the resulting web traffic.
- Our e-commerce business may experience difficulty in the ongoing development, implementation and customer acceptance of applications for personal electronic devices, which could harm our business.
- Our businesses and information systems are subject to cybersecurity risks, including cybersecurity threats and cybersecurity incidents.
- System interruption and the lack of integration and redundancy in the systems and infrastructures of our subsidiary QVC and our other online commerce and catalog businesses may adversely affect our ability to, as applicable, operate our businesses, transmit our television programs, operate websites, process and fulfill transactions, respond to customer inquiries and generally maintain cost-efficient operations.
- The processing, storage, sharing, use, disclosure and protection of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements and policies or differing views of personal privacy rights.
- Our integration and use, or the use by our competitors, of artificial intelligence and similar technology may pose risks and present challenges to our business, reputation, and results of operations.
- Our businesses may be materially adversely affected by the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures implemented by the U.S. and other countries.
- Significant developments stemming from U.S. and international trade policy with China, including in response to tariffs, as well as forced labor and human rights abuses in China, may adversely impact our businesses and operating results.
- We have operations outside of the U.S. that are subject to numerous operational and financial risks.
- Fluctuations in currency exchange rates may lead to lower revenues and earnings.
- Weak and uncertain economic conditions worldwide may reduce consumer demand for our businesses’ products and services.
- Uncertainty and increases in market interest rates could increase our operating costs and decrease consumer demand, which may adversely affect our businesses.
- Risks Related to Our Businesses’ Facilities and Third Party Suppliers and Vendors
- Our programming and online commerce businesses rely on distribution facilities to operate their business, and any damage to one of these facilities, or any disruptions caused by incorporating new facilities into their operations, could have a material adverse impact on our businesses.
- We rely on independent shipping companies to deliver the products we sell. We rely on third party carriers to deliver merchandise from vendors and manufacturers to them and to ship merchandise to their customers.
- We depend on relationships with third party suppliers and any adverse changes in these relationships could result in a failure to meet customer expectations which could result in lost revenue.
- The unanticipated loss of certain larger vendors or the consolidation of our vendors could negatively impact our sales and profitability on a short term basis.
- Risks Related to the Seasonality of Our Business
- The seasonality of certain of our businesses places increased strain on our operations.
- The success of our home television and online commerce businesses depends in large part on our ability to recruit and retain key personnel capable of executing our unique business models.
- Our subsidiary QVC has significant indebtedness and other financial obligations, which could limit its flexibility to respond to current market conditions, restrict its business activities and adversely affect our financial condition.
- Credit ratings downgrades or being put on negative watch could adversely affect our liquidity, capital position, borrowing cost and access to capital markets.
Legal proceedings
In October 2023, HSN entered into a settlement agreement with the Consumer Product Safety Commission (“CPSC”) in which HSN agreed to pay a civil penalty of $16 million to settle the CPSC’s claims that HSN allegedly failed to timely submit a report under the Consumer Product Safety Act (“CPSA”) in relation to handheld clothing steamers sold by HSN under the Joy Mangano brand names My Little Steamer and My Little Steamer® Go Mini that were subject to a voluntary recall previously announced on May 26, 2021. The settlement agreement also requires HSN to implement and maintain a compliance program to ensure compliance with the CPSA. In January 2024, HSN received a grand jury subpoena from the U.S. Attorney for the Central District of California that was issued in connection with an official criminal investigation into the clothing steamer matter. We have cooperated (and intend to continue cooperating) fully with this investigation, and at this time, we are unable to predict the eventual scope, duration or outcome of this investigation, nor are we able to reasonably estimate any range of loss or possible loss.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARGreg Maffei, Chief executive officer
- 18SEC EDGARGreg Maffei, Chair
- 19SEC EDGARJohn C. Malone, Chair
- 20SEC EDGARAidan O'Meara, President
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- 32SEC EDGARRoger Meltzer, Board member
- 33SEC EDGARCarol Flaton, Board member
- 34SEC EDGARFiona P. Dias, Board member
- 35SEC EDGARJohn C. Malone, Board member
- 36SEC EDGARRich Barton, Board member
- 37SEC EDGARMark C. Vadon, Board member
- 38SEC EDGARMichael A. George, Board member
- 39SEC EDGARAndrea L. Wong, Board member
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- 41SEC EDGAREvan Daniel Malone, Board member
- 42SEC EDGARLarry E. Romrell, Board member
- 43SEC EDGARDavid E. Rapley, Board member
- 44SEC EDGARDonne F. Fisher, Board member
- 45SEC EDGARM. Lavoy Robison, Board member
- 46SEC EDGARRobert Bennett, Board member
- 47SEC EDGARPaul A. Gould, Board member
- 48SEC EDGAREve Delsoldo, General counsel
- 49SEC EDGARRenee L. Wilm, General counsel
- 50SEC EDGARRichard N. Baer, General counsel
- 51SEC EDGARCharles Y. Tanabe, General counsel
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- 53SEC EDGARRegulation FD disclosure
- 54SEC EDGARBankruptcy or receivership
- 55SEC EDGARRegulation FD disclosure
- 56SEC EDGARRegulation FD disclosure
- 57SEC EDGARListing notice or transfer
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- 59SEC EDGARRegulation FD disclosure
- 60SEC EDGARRegulation FD disclosure
- 61SEC EDGARResults of operations
- 62SEC EDGARRegulation FD disclosure
- 63SEC EDGARExecutive or director change
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