Qurate Retail, Inc.

Qurate Retail, Inc.

Qurate Retail, Inc.

Overview
Date Founded

1991

Headquarters

12300 Liberty Boulevard,Englewood, CO 80112

Type of Company

Public

Employees (Worldwide)

25.2K

Industries

Retail: Other
Media Conglomerates
Internet Software & Services
Computer Software
Sports
Consumer Services
Holding Companies
Cable, Satellite, and Radio Telecommunications
Entertainment

Company Description

Qurate Retail, Inc. engages in the business of video and on-line commerce industries. It operates through the following segments: QxH; QVC International; and Corporate and Others. The QxH segment include distribution of live programming, 20 hours per day, 364 days per year, to television households. The QVC International segment focuses in Germany, Austria, Japan, the U.K., the Republic of Ireland, and Italy to distribute shopping experience via broadcast networks, websites, mobile applications, and social pages. The Corporate and Other segment comprises subsidiary Cornerstone, along with various cost and equity method investments. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

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Executives & Employees

President, Chief Executive Officer, Director

Chief Financial Officer, Senior Vice President & Controller

Chief Corporate Development Officer

Chief Legal Officer

Head, Media & Investor Relations

Senior Vice President, Communications & Community

Planning Controller

Treasurer & Senior Vice President

Senior Vice President & Treasurer

Senior Vice President

Board of Directors

Co-Founder & Chief Executive Officer at Zillow Group, Inc.

Principal Digital Partner at Ryan Retail Consulting LLC

Member, Board of Directors at Liberty Media Corporation

Paths to Qurate Retail, Inc.
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Qurate Retail, Inc.
Owners & Shareholders
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FPR Partners focuses on investments in companies that offer an opportunity for an attractive return with low risk of loss of invested capital. The firm seeks both to enhance returns and minimize risk primarily by investing in a concentrated portfolio of high-quality public companies that are priced below their intrinsic value. FPR then constructively engages the management teams of such companies to assist them in identifying and increasing shareholder value. While the funds' focus primarily on long-term investment in publicly traded securities, they may also seek to increase overall returns by opportunistically investing in various types of securities, including, but not limited to, options, short sales, debt and special situation investments. FPR's investment horizon is typically 3 to 5 years.

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Lyrical Asset Management begins with a universe of the top 1,000 US stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.

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Yacktman specializes in long-term US equity investment strategies. The firm may also invest in foreign equity securities, debt securities, and options. Equity investments may include common stocks, preferred stocks, convertible preferred stocks, warrants, options and ADRs. Some, but not all, of the equity securities will pay a dividend. Yacktman's investments in debt securities may include US Treasury notes and bonds, investment grade corporate debt securities, convertible debt securities, and debt securities below investment grade. Yacktman is research oriented, and primarily utilizes fundamental analysis for the selection of equity investments. The firm employs a disciplined strategy, and invests in securities of any size at prices that they believe offer an attractive forward rate of return. When implementing investment strategies for their clients, they use strategies including long and short-term purchases, margin transactions and options writing, including covered options or uncovered options.

Recent Transactions
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Sony Corp., FUNimation Entertainment Ltd. purchase Manga Entertainment Ltd. from Qurate Retail, Inc.

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Scientific Games Corp. purchases Don Best Sports Corp. from Qurate Retail, Inc.

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Qurate Retail, Inc. purchases General Communication, Inc. resulting in a new company GCI Liberty, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onQurate Retail, Inc. purchases News Corp. /DirecTV & Regional Fox Sports Networks from Twenty-First Century Fox, Inc.

Investment Advisor

Advised onThe DIRECTV Group, Inc. purchases Liberty Entertainment, Inc. from Qurate Retail, Inc.

Legal Advisor

Advised onThe DIRECTV Group, Inc. purchases Liberty Entertainment, Inc. from Qurate Retail, Inc.

Legal Advisor

Advised onQurate Retail, Inc. purchases News Corp. /DirecTV & Regional Fox Sports Networks from Twenty-First Century Fox, Inc.

Legal Advisor

Advised onThe DIRECTV Group, Inc. purchases Liberty Entertainment, Inc. from Qurate Retail, Inc.

Legal Advisor

Advised onQurate Retail, Inc. purchases Atlanta National League Baseball Club LLC (Georgia) from Time Warner, Inc.

Advisors & Consultants
Senior Advisor

Former Chief Financial Officer & Chief Accounting Officer at Liberty Media Corporation

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W. Ergen, Cantey W. Ergen and James DeFranco in 1980 and is headquartered in Englewood, CO.

Key Stats and Financials As of 2019
Market Capitalization
$3.03B
Total Enterprise Value
$11B
Earnings Per Share
$-1.08
Revenue
$13.5B
Net Profit
$-456M
EBITDA
$1.96B
EBITDAMargin
14.55%
Total Debt
$8.01B
Total Equity
$4.97B
Enterprise Value Sales
0.82x
Enterprise Value EBITDAOperating
5.42x
TEVNet Income
-24.19x
Debt TEV
0.73x
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2012
$1,250
2012
Investments
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RotoQL, Inc. develops tools and analytics to the sports community. The company was founded by Justin Minho Park, Saahil Sud and Mike Shiekman on October 5, 2015 and is headquartered in New York, NY.

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Quid, Inc. is an artificial intelligence company, which engages in the development of data and information capturing software. Its solutions include agencies, enterprise, consulting, and healthcare. The company was founded by Robert Goodson, Sean William Joseph Gourley, and Charles Cholsoo Lho in 2008 and is headquartered in San Francisco, CA.

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Ador, Inc. provided online information services. The company was founded in 2010 by Katherine J. Savitt-Lennon and was headquartered in Seattle, WA.

Investors
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Investor at TapAd, Inc.

Suppliers
Kate Spade & Co. LLC Retail: Other | New York, NY

Kate Spade & Co. LLC designs and markets a range of apparel and accessories. It operates through the following segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. The company was founded by Liz Claiborne, Art Ortenberg, Leonard Boxer, and Jerome Chazen in January 1976 and is headquartered New York, NY.

Caleres, Inc. Industrial Machinery & Manufacturing | St. Louis, MO

Caleres, Inc. engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men. The Other segment covers corporate assets, administrative expenses, other costs, and recoveries that are not allocated to the operating units. The company was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.

TerraVia Holdings, Inc. Chemicals | South San Francisco, CA

TerraVia Holdings, Inc. engaged in the production of food, nutrition, and specialty ingredients from algae. It produced oils, specialty fats, and powdered ingredients using its microalgae-based technology platform. The company was founded by Jonathan S. Wolfson and Harrison F. Dillon on March 31, 2003 and was headquartered in San Francisco, CA.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Alibaba Group Holding Ltd. Retail: Other - Hangzhou, China

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Awards & Honors
Rank #284
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #284
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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