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October 5, 2026 \u2014 5:16pm<\/p>\n
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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n Specialist home shopping broadcast network TVSN has informed customers of a shutdown sale beginning Tuesday after its parent company failed to find a buyer, but suppliers say they have been kept in the dark about the closure.<\/p>\n TVSN, which has been operating for more than three decades and advertises hundreds of fashion, homewares and accessories through Seven Network\u2019s channels, as well as its own livestream, urged customers to stock up on Christmas gifts as the business prepares to wind up operations.<\/p>\n \u201cDirect Group, the owner of TVSN, has spent recent months seeking new investment or a buyer for the business. Unfortunately, it has not been possible to secure a transaction that would allow TVSN to continue in its current form,\u201d an email sent to customers on Sunday and Monday, seen by this masthead, said.<\/p>\n \u201cAbsent finding such a buyer, the board expects to close TVSN.\u201d<\/p>\n A closing-down sale will begin on Tuesday to liquidate stock, but the sale will end if a buyer is found, the email continued. Customers were urged to use their gift cards, vouchers or store credit.<\/p>\n Related Article \u201cWe recommend shopping early as quantities are limited and there will be no restocks. Once it\u2019s gone, it\u2019s gone.\u201d<\/p>\n 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.<\/p>\n Alison Lennard, the owner of women\u2019s fashion label Philosophy Australia, said TVSN was her biggest wholesale client and owed tens of thousands in unpaid invoices.<\/p>\n \u201cThis is a significant loss. I\u2019m already feeling very volatile for my business plan going forward,\u201d Lennard said. \u201cI have no idea whether there is any possibility of recovering that money, or even whether I\u2019ll be able to access the stock of mine that they are currently holding.\u201d<\/p>\n Over the past few months, TVSN has become slower at paying outstanding invoices. Despite that, it had attempted to place a fresh order just last week, she said.<\/p>\n \u201cI don\u2019t think I\u2019ll end up getting anything out of them. Apparently, the creditors\u2019 list is going to be substantial,\u201d she said. \u201cTo be honest, I feel sick. It\u2019s the worst news I could have received.\u201d<\/p>\n 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\u2019s Digest Australia. The two companies, as well as Direct Group chairman and TVSN director Bernie Brookes \u2013 a former chief executive of Myer \u2013 were contacted for comment.<\/p>\n The shopping channel advertises more than 6000 products, with presenters showcasing particular products for an hour through unscripted demonstrations live every day from 8:30am to 9:30pm AEST. L\u2019Occitane, Dyson, VS Sassoon, Tefal, and Delonghi are among some of its big-brand suppliers.<\/p>\n TVSN has changed hands multiple times over the decades. Initially owned by Channel 10, it was acquired by Hong Kong-based investors in 1996 before listing on the Australian stock exchange three years later.<\/p>\n Related Article In 2004, it was acquired by Direct Group, which received a $40 million cash injection by private equity group CPE Capital. The firm has been contacted for comment.<\/p>\n Hair products and cosmetics brand Silk Oil of Morocco has encouraged customers to shop directly with them instead of TVSN, where founder and director Shirley Piscina launched her brand 17 years ago.<\/p>\n \u201cFor me, there\u2019s been many tears this week, there\u2019s been shock, and there\u2019s also been anger. Anger at the mess they\u2019ve left us in, and the communication \u2013 there\u2019s been no communication,\u201d Piscina told followers in an Instagram video, in which she grew visibly emotional.<\/p>\n \u201cIt\u2019s now time to support the suppliers directly. WE HAVE NOT BEEN PAID,\u201d Piscina said in a separate post.<\/p>\n Another TVSN supplier of women\u2019s clothing said the company was leaving many suppliers in debts of at least $3000, and that they could lose their homes.<\/p>\n \u201cTVSN is going into a closing down sale selling my stock which they haven\u2019t paid for \u2013 and they haven\u2019t even got the decency to notify any suppliers at all. That\u2019s just disgusting, as far as I\u2019m concerned,\u201d they said.<\/p>\n \u201c[It\u2019s] more about small Australian companies again being screwed over by the big boys.\u201d<\/p>\n The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning<\/a>.<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n Remove items from your saved list<\/a> to add more.<\/p>\n![\"TVSN](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/7d05feb4fd24b22f76b7baee3f15fbbf6c9219f3.jpeg\")
TVSN has been broadcasting since 1995 and was first owned by Channel 10. It has been traded multiple times since and is now owned by Direct Group. iStock<\/p>\n![\"KPMG](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/1791201023_314_337c50156cfbd3c4a58ea84952a935db3b907bd8.jpeg\")
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Jessica Yun<\/a> is a business reporter covering retail and food for The Sydney Morning Herald and The Age.Connect via X<\/a> or email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"October 5, 2026 \u2014 5:16pm Save You have reached your maximum number of saved items. Remove items from…\n","protected":false},"author":2,"featured_media":916930,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-916929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/916929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=916929"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/916929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/916930"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=916929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=916929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=916929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}