Vertu, a British company which has been designing and selling high-end luxury smartphones starting at $6,900 for more than a decade, is being liquidated after failing to sell enough high-priced phones to pay its bills.
The demise of Vertu was revealed in a July 13 story by BBC.com, after the company was bought by a new owner in March who was unable to turn the company around. The BBC report said the company has gone into liquidation.
The company was sold in March to Hakan Uzan, a Turkish exile in Paris, the story reported. Uzan is retaining the Vertu brand, technology and licenses after the liquidation. However, the Vertu website that displays all of its smartphone models was still online as of today.
The Vertu…
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