Qurate Retail Group, the parent company of shopping brands like QVC and Zulily, committed $29 million to Covid-19 relief efforts. West Chester-based Qurate (NASDAQ: QRTEA, QRTEB) will donate the money to grants helping its employees and to hunger relief funds, cancer research, international relief organizations, small business aid and more, the company announced Thursday. Most of the money — $19 million — will be used to support the company’s 25,000 employees.
“The deployment of this amount of resources in a short period is by far the biggest commitment we have ever made,” Mike George, president and chief executive officer of Qurate Retail Inc., told WWD. “Now more than ever, we are intensifying our efforts to help address urgent needs created by this pandemic, leveraging our financial resources, our broadcast networks and digital properties, the strong relationships we enjoy with our customers, and our heritage of supporting small businesses.”
More information can be found here in an article written by Kennedy Rose of the Philadelphia Business Journal.