QVC Group exits Chapter 11, CEO steps down

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Mike George, who once led the company when it was Qurate Retail Group, has been named interim chief executive officer.

Filings from QVC Group in the U.S. Bankruptcy Court for the Southern District of Texas

QVC Group exited Chapter 11 in less than four months.

The parent company of QVC and HSN headed to bankruptcy court this past spring with a restructuring plan in order to expedite its exit.

The company cited changing consumer shopping habits and TV cord-cutting as reasons for the erosion in cash flow that led to its bankruptcy.

QVC Group originally received approval on its prepackaged financial restructuring plan from the U.S. Bankruptcy Court for the Southern District of Texas in mid-July.

Interim CEO George was previously the CEO of QVC Group, formerly Qurate Retail Group, for nearly 16 years.

“His deep understanding of QVC Group's business, customers and culture, combined with his extensive leadership experience, positions him well to lead the company during this transition period,” QVC Group said in its announcement.

Additionally, the company announced the appointment of a new board of directors, which includes George and seven other leaders: David Boon, CEO of The Michaels Companies; Nicolas Le Bourgeois, a former leader of TikTok Shop and former Amazon executive; Jason Horowitz, former global head of marketing and media at Mattel; James Marcum, former CEO of David’s Bridal; Ann Mather, former CFO of Pixar; Richard Mayfield former CFO of Walmart International; and Jonathan Zinman, former managing director at Silver Point Capital.

During his time as CEO, Rawlinson led the launch of the company’s Win Growth Strategy, which focused on evolving the business into a live social shopping company .

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Get the free daily newsletter read by industry experts

The era of GLP-1 and similar drugs goes beyond consumers refreshing their closets, and merchants are going to need a new mindset.

The longtime CEO has passed the baton to John Furner, but McMillon s technology and e-commerce legacy is lasting.

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