West Chester-based QVC Group is seeking additional time to file its annual SEC report as it grapples with debt talks and concerns over its future, writes Jeff Blumenthal for the Philadelphia Business Journal.
The home shopping giant, the parent company of QVC and HSN, said in an SEC filing earlier this week that it cannot complete its fiscal year 2025 10-K report “within the prescribed time period without unreasonable effort or expense.”
The company said that ongoing negotiations with lenders, along with the uncertainty tied to those discussions, will require more time to collect and review relevant information and documentation and to finalize specific disclosures for the 10-K.
QVC Group also noted that its accounting firm needs additional time to complete its review of the filing.
“Based on currently available information, management anticipates it will disclose, in the Form 10-K, that there remains substantial doubt about the company’s ability to continue as a going concern,” said QVC Group.
The company added that it expects to file the report as soon as practicable and no later than April 15, the deadline under the 15-day extension period.
Read more about QVC Group and the timing of its SEC report in the Philadelphia Business Journal.
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