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May 25, 2015 10:29 AM ET

Internet and Catalog Retail

Company Overview of QVC, Inc.

Company Overview

QVC, Inc. engages in the retail of various consumer products through merchandise-focused televised shopping programs, the Internet, and mobile applications. It operates through six segments: QVC-U.S., QVC-Germany, QVC-Japan, QVC-U.K., QVC-Italy, and QVC-France. The company provides electronics, home, beauty, jewelry, apparel, and accessory products. It also broadcasts pre-recorded shows on various channels comprising QVC Plus in the United States; QVC Beauty & Style and QVC Plus in Germany; and QVC Beauty, QVC Extra, and QVC Style in the United Kingdom, which allow viewers access to a range of QVC programming options. In addition, the company operates, a Website that allows consumers...

1200 Wilson Drive

West Chester, PA 19380

United States

Founded in 1986

17,300 Employees



Key Executives for QVC, Inc.

Chief Executive Officer and President
Age: 53
Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Age: 52
Chief Operating Officer
Chief Executive Officer of Europe
Chief Executive Officer of QVC UK
Compensation as of Fiscal Year 2014.

QVC, Inc. Key Developments

QVC, Inc. Announces Intention to Offer an Additional Amount of Senior Secured Notes Due 2043

QVC, Inc. announced its intention to offer an additional amount of Senior Secured Notes due 2043, subject to market and other conditions. The Notes are being issued as additional notes under the indenture governing QVC’s existing $300 million 5.950% Senior Secured Notes due 2043 and will have identical terms to, and are expected to be treated as a single class with, the existing 5.950% senior notes. The net proceeds from the offering will be used, in addition to cash on hand and, if necessary, funds borrowed under QVC’s senior secured credit facility, for the redemption of QVC’s 7.375% senior secured notes due 2020. QVC will make the offering pursuant to an exemption under the Securities Act of 1933, as amended. The initial purchasers will offer the Notes only to Qualified Institutional Buyers as permitted under Rule 144A of the Securities Act, or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and may not be sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. In connection with the offering of the Notes, QVC will agree, subject to certain conditions, to file a registration statement relating to a registered offer to exchange the Notes for new registered notes having substantially identical terms as the Notes.

QVC, Inc. Appoints Jill Martin as Creative Director of G.I.L.I. Collection

QVC, Inc. announced that Jill Martin will add her stylish flair to QVC's G.I.L.I. got it love it collection through her new role as creative director of the line. The sophisticated yet wearable collection includes chic, contemporary fashion and accessories that have a timeless appeal.

QVC, Inc. Announces Refinancing of Bank Credit Facility

QVC, Inc. announced the refinancing of its bank credit facility with a new amended and restated senior secured credit facility. The new senior secured credit facility is a multi-currency facility, provides a line of credit of up to $2.25 billion and replaces QVC's existing $2.00 billion bank credit facility set to expire in March 2018. The interest rate for the new senior secured credit facility is lower than the rate for the previous bank credit facility, and the new facility extends the maturity to March 2020.

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