The luxury smartphone maker, catering to the elites, stars and the rich is dead. Established in 1998, Vertu, originally a part of Nokia, hit bankruptcy as a result of firm’s £128 million debt. The bankruptcy is reported to cost Vertu it’s UK’s manufacturing operation along with the 200 job cuts. The company changed hands before finally being acquired by the exiled businessman Murat Hakan Uzan in March. According to reports, Uzan plans to bring Vertu back from the dead.
The luxury smartphone provider manufactured phones which ran an older version of android and last year’s processors. But the precious metals, Sapphire Crystal Screens, fine [...]