QVC Group exits Chapter 11, CEO steps down

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QVC Group exits Chapter 11, CEO steps down
 
Published Wednesday, August 26, 2026 11:00 am
by Kaarin Moore

This is a summary

"QVC Group has exited Chapter 11 bankruptcy, the company announced in a Thursday press release. Its debt has been reduced by over $5 billion, and the company has access to a new $600 million asset-based lending facility.

  • As part of the restructuring, CEO David Rawlinson stepped down from the top role. He is succeeded by Mike George as interim chief executive officer and board chair, effective immediately.
  • QVC Group also announced the appointment of a new board of directors. The company has also been approved for trading on the Nasdaq under the ticker QVCG."

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QVC Group exits Chapter 11, CEO steps down

QVC Group has exited Chapter 11 bankruptcy with its debt reduced by over $5 billion and access to a new $600 million asset-based lending facility. As part of the restructuring, CEO David Rawlinson stepped down from the top role and was succeeded by Mike George as interim chief executive officer and board chair, effective immediately. George previously served as president and CEO of QVC Group for 16 years, from 2006 until his retirement in 2021. QVC Group's common stock has been approved for trading on Nasdaq under the ticker QVCG. The Chapter 11 exit was completed in less than four months after filing in the spring of 2026, representing a relatively swift restructuring timeline. The company has repositioned itself with a digital-focused strategy emphasizing live social shopping expansion across multiple platforms.

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