Wholesale Electronics Store Buyechina Said Nokia Will Sell Its Luxury Mobile Phone Brand Vertu

Online, December 8, 2011 (Newswire.com) - According to Kokin james, the PR manager for wholesale company BuyeChina ( http://www.buyechina.com ), Nokia will sell its luxury mobile phone brand Vertu. In order to better compete with other smart phone manufacturers , Nokia being significantly adjusted their business .

Wholesale company BuyeChina PR manager Kokin James said, Nokia has appointed Goldman Sachs, responsible for selling the Vertu's issues , but negotiations are still at an early stage.

VERTU is the nokia's first luxury mobile phone company, the high-grade brand way with business, design by the world famous mobile phone designers Frank Nuovo, the machine absolutely be called a majestic demeanor from appearance, materials and function. VERTU, this is a derivative of Latin words intent is "high quality, unique".

Vertu's headquarters is located in Britain, and in Paris, New York, Beverly hills, Singapore and Hong Kong has offices. At present the company in the world has more than 25000 employees, covering technology, sales pipeline, marketing, product design, handicrafts and other fields, and expand global. Vertu currently available in more than 35 countries to buy, spread all over the Pacific, Europe and the United States, and more than 320 retail stores between.

This phone is pure handmade, which has yet to be given a value, although annual revenue is estimated to be between 200 million euros and 300 million euros ($268 million and $402 million).

BuyeChina ( http://www.buyechina.com )'s Kokin James also adds that Vertu has attracted interest from private equity groups, according to one person with knowledge of the business cited in the article published on the FT website. The person cited by the FT said Vertu is also likely to attract attention from luxury goods brands, given its emerging market customer base and the potential for cross-selling.

About BuyeChina:
Buyechina.com is one of the biggest China electronics online China supplier in Asia, committing itself to build a worldwide supply shop online. Our company was originally set up in Shenzhen , China in 2007, aiming to operate the business-to-customer transactions with overseas consumers.