QVC Network Inc

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QVC was founded in 1986 by Joseph Segel, the founder of The Franklin Mint. The company established a new record in American business history for first full-fiscal-year sales by a new public company, with revenues of more than $112 million. By 1993, QVC had become the No. 1 televised shopping service in sales, profits and reputation in the United States, reaching over 80-percent of all U.S. cable homes and 3 million satellite dishes. In 2004, more than 137 million units were shipped to customers throughout the world as a result of over 192 million phone calls, leading to more than $5.7 billion in sales.