Just last month, British luxury smartphone maker Vertu announced that the company has reached an agreement with TCL to use latter’s technology for its smartphones. At the time, Vertu said that 30,000 handcrafted Vertu phones will be manufactured under TCL partnership but now the premium smartphone maker is reportedly shutting down.
Earlier this year, Turkish businessman Hakan Uzan acquired Vertu for a consideration of GBP 50 million (roughly Rs. 402.65 crores). As per a report by Financial Times, Uzan tried to repay the company’s debt worth GBP 138 million (roughly Rs. 1,154 crores) for GBP 1.9 million (roughly Rs. 15.9 crores) […]Read more »