Rich Person Phone Brand Goes Kerplunk. Vertu, the company that sells 5. UK manufacturing operations. But everyone saw it coming. The liquidation will result in the loss of some 2. The. Telegraph. Employees had already expressed fear of losing their jobs, since the company was reportedly skipping out on paying its bills and employee wages. Recent troubles at Vertu began with the takeover of Turkish exile and businessman Hakan Uzan, who promised to rescue the company from bankruptcy. Yet, he managed to add on more debt by not paying the companys previous owner and suppliers such as Microsoft and Qualcomm. Uzan accrued a debt of 1. Our best efforts to achieve a pre pack administration have failed because the financial requirements specified within the negotiations went beyond the point where the new company had a chance of financial viability, A Vertu spokesperson told The. Telegraph. The company might not be entirely dead, though. Download Thru The Moebius Strip Movie Tumblr. A person familiar with Uzans plans told The Financial Times that he intends to resurrect the company sometime in the near future. Weve reached out to Vertu for comment, and well update if we hear back. The Telegraph and The Financial Times. Buy WALL-E Hq, Dvd, Divx, Ipod, ' title='Buy WALL-E Hq, Dvd, Divx, Ipod, ' />Vertu, the company that sells 50,000 smartphones, is shutting down its UK manufacturing operations. But everyone saw it coming. Inside Social. The biggest and latest apps and platforms, plus trends and insights on the biggest online discussions.