Luxury Phone-Maker Vertu shutting Down
Famous for creating handsets with exorbitant pricetags, Vertu has decided to shut down its manufacturing operations in the UK. The announcement came after its Turkish owner exiled in Paris. Murat Hakan Uzan made a failed attempt to pay off company's £128 million debt with a £1.9 million outstanding payment. Vertu’s liquidation would result in the loss of nearly 200 of its employees.