QVC Group – the parent company of QVC and HSN – is reported to be on the brink of bankruptcy as it battles against billions of dollars of debt. Bloomberg reports that the shopping giant is preparing to file for Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. Chapter 11 is a form of bankruptcy in the US which allows the reorganisation of a firm’s affairs, debts and assets, aimed at keeping the business afloat and repaying creditors over time. It has been reported that