TOYS

Vertu goes under after 19 years making luxury phones

The UK manufacturing base will be shut down at the cost of 200 jobs, but owner gets to keep brand, technology, and design licenses. Luxury phone maker Vertu is going bankrupt after failing its final rescue attempt to pay creditors £1.9 million (RM10.6 million) of the firm’s £128 million (RM712.7 million) debt. The company has been…

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