The Turkish exile owner of the British luxury smartphone brand Vertu plans to put its manufacturing arm into administration to wipe out heavy debts.
Representatives of Paris-based Murat Hakan Uzan met concerned staff at Vertu Corporation Ltd (VCL) headquarters in Hampshire this afernoon, to reveal plans for a pre-pack deal.
He will attempt to secure approval from creditors at the High Court next week to transfer assets to a new company that will not be saddled with tens of millions of pounds of unpaid bills. It comes as one of VCLs creditors, a technology recruiter called WA Consultants, petitions for the company to be wound up.
A statement to the court from VCL director Jean-Charles Charki, seen by The Telegraph, says the company i…
Read the full article at: http://www.telegraph.co.uk/business/2017/06/29/vertu-owner-plans-pre-pack-administration-luxury-smartphone/
