Business
Confirmation of no exposure to Silicon Valley Bank
Confirmation of no exposure to Silicon Valley Bank.
About this update from Thg Plc
[{"type":"text","content":"\n \n \n 13 March 2023\n \n \n \n \n \n \n \n \n THG PLC\n \n \n \n \n \n \n \n \n \n Confirmation of no exposure to Silicon Valley Bank\n \n \n \n \n \n \n \n \n \n \n \n THG PLC (\"THG\" or the \"Group\"), the proprietary technology platform specialising in taking brands direct to consumers (\"D2C\") globally, notes the evolving situation in relation to Silicon Valley Bank (\"SVB\").\n \n \n \n \n \n THG confirms that it does not have any exposure to SVB, either in relation to cash deposits or debt facilities.\n \n \n \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n \n \n \n Investor enquiries:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Greg Feehely, SVP Investor Relations\n \n \n Kate Grimoldby, Director of Investor Relations and Strategic Projects\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n Media enquiries:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Powerscourt - Financial PR adviser\n \n \n \n \n \n Tel: +44 (0) 20 7250 1446\n \n \n \n \n \n \n Victoria Palmer-Moore/Nick Dibden/Nick Hayns\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n THG PLC\n \n \n \n Viki Tahmasebi\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ENDS\n \n \n \n \n Notes to editors\n \n \n \n THG is a vertically integrated, digital-first consumer brands group, retailing its own brands in beauty and nutrition, plus third-party brands, via its proprietary, end-to-end, e-commerce technology, infrastructure and brand-building platform (THG Ingenuity) to an online and global customer base. THG's business is operated through the following businesses:\n \n \n \n \n \n THG Beauty\n : The globally pre-eminent digital-first brand owner, retailer and manufacturer in the prestige beauty market, combining its prestige portfolio of eight owned brands across skincare, haircare and cosmetics, the provision of a global route to market for over 1,300 third-party beauty brands through its portfolio of websites, including Lookfantastic, Dermstore, Cult Beauty and Mankind and the beauty subscription box brand GLOSSYBOX. \n \n \n \n \n ...