Esato Mobile
General discussions : General : Vertu shuts down unable to pay its bills
> New Topic
> Reply
< Esato Forum Index > General discussions > General > Vertu shuts down unable to pay its bills Bookmark topic
Tsepz_GP Posts: > 500

This is quite sad, I know many years ago here at Esato we had a few members who were lucky enough to own some of these luxurious devices.
Super-luxury phone maker Vertu shuts down unable to pay its bills


A couple of weeks ago, controversy stirred around UK-based luxury smartphone maker Vertu and its transfer of ownership. Its old owner — Hong Kong hedge fund manager Gary Chen — claimed that he still hasn't received the £50 million ($61 million) he was supposed to get for selling the company to businessman Hakan Uzan back in March. The latter, on the other hand, claimed that his plans to invest £1.9 million ($2.46 million) in the business and get it back on its feet crumbled when he found out that Vertu has £128 million ($165.5 million) in unpaid bills, salaries, and debts. Ouch! Both sides threatened to sue each other and the fate of about 200 workers was hanging in the balance.

More Here
--
Posted: 2017-07-13 13:50:11
Edit : Quote

yuunanase Posts: 223

Pity, this is the only brand I found appealing after Sony.
--
Posted: 2017-07-14 01:11:31
Edit : Quote

tranced Posts: > 500

Wow. Never saw it coming.
--
Posted: 2017-07-14 17:26:56
Edit : Quote

Supa_Fly Posts: > 500

VERY sad news indeed!

Poor financial management and investment. So who actually took the business from Nokia originally?!

Fun Fact: 50 Shades Darker main character features using a Vertu Android phone.

Wonder what the best Android phone they have made and is it worth buying at rock bottom pricing?!
--
Posted: 2017-07-18 16:10:07
Edit : Quote

Ranjith Posts: > 500

How did they survive for so long? People use to actually buy them??
--
Posted: 2017-07-19 08:49:23
Edit : Quote

genes1983 Posts: 1

That's really a sad story, poor financial management may be the key issue behind. Luxury competition seems not that extent in mobile phones, management should rethink to know where actually deviations went.
--
Posted: 2017-07-19 09:12:22
Edit : Quote

Tsepz_GP Posts: > 500

Vertu auctioning off ‘leftover’ phones, starting at $26,000

http://www.androidauthority.c[....]ng-off-leftover-phones-792957/
--
Posted: 2017-08-11 05:10:54
Edit : Quote

New Topic   Reply
Forum Index

Esato home