Vertu sold to Chinese investors

Luxury phone maker Vertu has been sold by Swedish private equity group EQT to Chinese investors in the latest upheaval in the company’s short tenure.

Originally founded by Nokia in 1998, Vertu was sold to EQT by Nokia in 2012 as the latter tried to revive its smartphone business and just a few short years later, it has been passed on to Hong Kong-based fund, Godin Holdings, who acquired the business alongside “international private investors”. As part of the deal, Vertu Chief...

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