If the reports are true then according to the sources in the Financial Times, Nokia- world’s largest mobile phone manufacturer is willing to sell its luxurious subsidiary Vertu. The UK based Vertu is a mobile brand that specializes in the manufacture of handmade luxury mobile gadgets.
It is being told that the whole process of selling the brand is in early stages but various private equity groups have shown their interests in the purchase. Many luxury goods brands have also shown their interest in the deal. Although the official evaluation of Vertu still has to be done, it has annual revenue estimated around € 300 million (£ 255 million). Vertu is currently doing business in 60 countries as of now in selected stores and dedicated shops; the brand as a strong following and customer base in Russia and the Middle-East.
The latest offering from this luxury brand is its first ever touchscreen mobile phone named Constellation. This phone features a 3.5 inch AMOLED touchscreen and an 8 megapixel camera with dual LED flash. The phone runs on the Nokia’s sweat heart Symbian OS and has a dedicated concierge serve which has a side button to speed dial and call your attendants. The price of the phone is a whopping £10,000.