Joseph Segel, QVC & Franklin Mint Founder, Dies At 88

The company that owns QVC has announced the home-shopping network’s founder, Joseph Segel, died. The Philadelphia Inquirier reports that Segel died Saturday in Gladwyne, Pennsylvania, due to congestive heart failure. Remembered as a “quintessential entrepreneur,” Segel was lauded for his contributions to innovating how people shop. QVC, short for “Quality Value Convenience,” launched in 1986. Qurate Retail Group, which owns the channel, says QVC now reaches 380 million homes throughout the world.