TVSN, a home shopping network owned by Direct Group, is set to shut down after failing to secure new investment or a buyer. Starting Tuesday, the channel will begin a liquidation sale through its broadcasts on Seven Network channels and livestreams, urging customers to purchase quickly as stock is limited and there may be no restocks. The move has left some suppliers unaware of the closure and owing thousands in unpaid invoices, raising concerns about recovering owed money and accessing held inventory.
Written locally by qwen2.5:14b on 2026-10-05,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
TVSN, a free-to-air home shopping network that has been broadcasting for over three decades through Seven Network’s channels and its own livestream, is shutting down due to the inability to find new investment or a buyer. The company, owned by Direct Group, sent emails on Sunday and Monday informing customers of the impending closure. TVSN urged viewers to stock up on Christmas gifts during their final sale beginning Tuesday, warning that "once it’s gone, it’s gone." The network has not informed suppliers about its closure plans ahead of time, and the liquidation sale will conclude if a buyer is found. Customers were advised to use gift cards, vouchers, or store credit before they expire.
Written for “Home Shopping Network Closing” on 2026-10-05,
grounded in this article and the 0 other(s) covering the same event.
Specialist home shopping broadcast network TVSN has kept suppliers in the dark about its impending closure as it announces a shutdown sale beginning Tuesday after its parent company failed to find a buyer to keep the channel running.
asserted
company → keep → channel
TVSN, which has been free-to-air for over three decades and advertises hundreds of fashion, homewares and accessories through Seven Network’s channels as well as its own livestream, urged customers to stock up on Christmas gifts as the business prepares to wind up operations.
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business → advertise → operations
“Direct Group, the owner of TVSN, has spent recent months seeking new investment or a buyer for the business.
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Group → spend → business
Unfortunately, it has not been possible to secure a transaction that would allow TVSN to continue in its current form,” an email sent to customers on Sunday and Monday, seen by this masthead, said.
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email → secure → masthead
“Absent finding such a buyer, the board expects to close TVSN.”
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board → find → TVSN
A closing-down sale will begin on Tuesday to liquidate stock, but the sale will end if a buyer is found, the email continued.
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email → close → stock
Customers were urged to use their gift cards, vouchers or store credit.
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Customers → urge → cards
“We recommend shopping early as quantities are limited and there will be no restocks.
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quantities → recommend → ?
Once it’s gone, it’s gone.”
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it → go → ?
Two suppliers, who spoke to this masthead, said they were not directly informed of the closure and are owed thousands of dollars by the shopping network that they fear they will never get back.
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they → speak → that
Alison Lennard, the owner of women’s fashion label Philosophy Australia, said TVSN was her biggest wholesale client and owed tens of thousands in unpaid invoices.
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TVSN → say → invoices
I’m already feeling very volatile for my business plan going forward,” Lennard told this masthead.
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Lennard → feel → masthead
“I have no idea whether there is any possibility of recovering that money, or even whether I’ll be able to access the stock of mine that they are currently holding.”
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they → have → that
Over the past few months, TVSN has become slower at paying outstanding invoices.
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TVSN → become → invoices
Despite that, it had attempted to place a fresh order just last week, she said.
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she → attempt → order
“I don’t think I’ll end up getting anything out of them.
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I → think → them
Apparently, the creditors’ list is going to be substantial,” she said.
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she → go → ?
“To be honest, I feel sick.
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I → feel → ?
It’s the worst news I could have received.”
uncertain
I → ’ → ?
TVSN, which has been airing since 1995, is owned by direct-to-consumer retailer Direct Group, which targets customers over 45 years old and also publishes Reader’s Digest Australia.
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which → air → Australia
The two companies and Direct Group chairman and TVSN director Bernie Brookes, a former chief executive of Myer, were contacted for comment.
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companies → contact → comment
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newsletter → deliver → stories
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