fasttrack – Finance News Today https://financenews.one Sat, 18 Apr 2026 00:37:02 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://financenews.one/wp-content/uploads/2020/06/cropped-marketnewsjournal-1-32x32.png fasttrack – Finance News Today https://financenews.one 32 32 QVC, HSN parent files for bankruptcy, plans fast-track debt overhaul https://financenews.one/2026/04/17/qvc-hsn-parent-files-for-bankruptcy-plans-fast-track-debt-overhaul/ Sat, 18 Apr 2026 00:37:02 +0000 https://financenews.one/2026/04/17/qvc-hsn-parent-files-for-bankruptcy-plans-fast-track-debt-overhaul/ Rep. James Comer, R-Ky., on 23andMe data privacy concerns, his invitation for sanctuary governors to testify before lawmakers and whether NPR and PBS should have funding stripped. The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy.   QVC Group, which filed in the U.S. Bankruptcy Court for the […]]]>


Rep. James Comer, R-Ky., on 23andMe data privacy concerns, his invitation for sanctuary governors to testify before lawmakers and whether NPR and PBS should have funding stripped.

The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy.  

QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a restructuring support agreement (RSA) to reduce its debt from $6.6 billion to $1.3 billion.

The goal of the RSA is to emerge from bankruptcy within 90 days. 

“The company has ample liquidity to support the business and, importantly, the terms of the RSA provide for vendors, suppliers and all other general unsecured creditors of the filing entities to be paid in full for all goods and services,” the press release says.

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QVC app

The QVC logo displayed on a smartphone (Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images)

During this time, QVC Group plans for all of its businesses to operate as normal with no planned layoffs or furloughs as it continues to evaluate its finances.

Both QVC, which stands for Quality, Value and Convenience, and HSN, the Home Shopping Network, have been late-night staples on cable television, although with the popularity of shopping through social media and other technology, the company has acknowledged needing to change its business model.

David Rawlinson, president and CEO of QVC Group, said in the press release he is confident in the company’s ability to recover from the current setback based on the progress it has seen so far.

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Outside of QVC Studios

The QVC shopping channel was founded in 1986 and broadcasts to more than 350 million households in seven countries. (Getty Images / Getty Images)

“QVC Group is uniquely positioned to compete and win in live social shopping, and we are seeing early momentum in our WIN Growth Strategy,” he said. 

“Over the past year, we have become a top seller on TikTok Shop U.S. while expanding our business on streaming and other platforms. We have consolidated our HSN and QVC operations, struck new deals with critical social and media partners and rebalanced sourcing to account for the changing tariff environment.

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“With the support of our lenders and a more appropriate capital structure, we believe we can deliver on our WIN Growth Strategy,” Rawlinson added.

Billionaire John Malone bought QVC in 2003 for $7.9 billion. The brand later acquired HSN in 2017 for $2.1 billion.



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]]> Mayfair Gold’s Fenn-Gib: Fast-Track to Production Success https://financenews.one/2026/03/15/mayfair-golds-fenn-gib-fast-track-to-production-success/ Sun, 15 Mar 2026 23:58:17 +0000 https://financenews.one/2026/03/15/mayfair-golds-fenn-gib-fast-track-to-production-success/ Investor Insight Mayfair Gold’s Fenn-Gib project is a scaled resource with a plan to get into production fast via Ontario’s One Project, One Process permitting framework. Recent drilling validates a high-grade starter zone that backstops attractive economics with free cash flow that can then be used towards organic growth. Mayfair has the combination of tier […]]]>


Investor Insight

Mayfair Gold’s Fenn-Gib project is a scaled resource with a plan to get into production fast via Ontario’s One Project, One Process permitting framework. Recent drilling validates a high-grade starter zone that backstops attractive economics with free cash flow that can then be used towards organic growth. Mayfair has the combination of tier 1 jurisdiction, derisked geology and a management team with 35 percent insider ownership and a track record of taking development stage assets into production.

Overview

Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints.


Map showing gold mines and faults in the Timmins Gold District with resource details including Mayfair Gold project

Mayfair Gold’s flagship Fenn-Gib gold project is located within the established Timmins Gold District in Ontario, which has produced more than 100 million ounces of gold historically.

The PFS, prepared in accordance with NI 43-101 standards and filed in January 2026, outlines a base-case economic model with an after-tax NPV (5 percent) of C$652 million and an IRR of 24 percent, using conservative gold prices, and demonstrates rapid payback potential. Under a spot price scenario, project economics improve markedly, underscoring the asset’s leverage to higher gold prices. With over $200 million in annual free cash flow, once in operation, the company will have a robust source of capital to fund growth initiatives.


Bar graph of Mayfair Gold's Fenn-Gib 2026 gold production and grade profile over 15 periods.

The Fenn-Gib Project was recently de-risked with the initial results from the Grade Control Drilling Program, which confirmed confidence in the highest-grade, early years of the mine and validated the PFS early-year assumptions. This program, which is generating critical mining-scale data on ore geometry and dilution, also provides important information to advance project financing and enhance confidence for potential lenders.

Company Highlights

  • Robust Pre-feasibility Study: The 2026 PFS highlights compelling returns with a sub 2 year payback on a modest initial throughput of 5,000 tpd designed to go through accelerated provincial permitting. Following production in 2030, Mayfair expects to generate $1.4 B in free cash flow in the first six years, that can be used towards growth opportunities.
  • High-grade Early Focus: The initial minetargets higher-grade, near-surface material to optimize permitting timelines, construction risk, financing, and ultimately accelerate value capture. Grade Control drilling…



Read More: Mayfair Gold’s Fenn-Gib: Fast-Track to Production Success

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