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Turkish Boutique Producer Akuvatur Eyes US Market

BOSTON — Turkish aquaculture fish producer Akuvatur plans to grow its sales in the US market, as the popularity of seabass — known as branzino in the US — increases in the North-American market, Huseyin Tosun, Akuvatur's Mediterranean fish export manager, told Undercurrent New...

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Turkish Airlines to Sponsor US Football Side

Turkish Airlines on Tuesday signed a sponsorship deal with American professional football club Indy Eleven, based out of Indianapolis, Indiana. The agreement sees Turkish Airlines become the official international airline partner of the club which plays in the North American Soccer League. &quo...

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Omer Asik's Bacterial Infection and Weight Loss Will Reportedly End His Season

Omer Asik’s season appears to be over, which doesn’t constitute major news on its own, because the Turkish 7-footer’s minutes have steadily declined since he joined the New Orleans Pelicans three years ago, but it’s how his 2016-17 campaign is coming to a close that is both ...

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How Two Armenian Immigrants Made Turkish Delight An American Hit

By Tove K. Danovich -  Liberty Orchards in Cashmere, Wash., which was founded by two Armenian immigrants, still makes Aplets & Cotlets, a variation of Turkish delight that includes apples, apricots and walnuts. In 1921, an ad in The Seattle Times touted a brand new candy called "A...

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The New York Librarian Who Nearly Ruled the Ottoman Empire

ISTANBUL, Turkey — Osman Bayezid, the last Ottoman heir, liked to eat and throw dinner parties where circassian chicken, borek‌ and stuffed grape leaves were served liberally. His fondness for lavish Ottoman-style food was so much that when a doctor asked him to cut his meals, he went...

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Luxury Phone Maker Vertu Bought by Exiled Turkish Businessman PDF Print E-mail
2017-03-15 12:01:58
Image British phone maker Vertu has long been considered unique because it designs and makes all of its devices on site at a small plant in the Hampshire countryside. Now the luxury tech company has been snapped up by exiled Turkish businessman Hakan Uzan for £50 million ($60 million), the Telegraph reported Monday. Vertu is known for making phones with sapphire screens, titanium frames and leather cladding that can cost up to £40,000 apiece. Included in the deal is a concierge on speed dial.
The company was created by Nokia in the 1990s, but was sold off in 2012 and subsequently changed hands multiple times. Now it's in the hands of Baferton Ltd., a company owned by Uzan, who has endured legal wranglings with Nokia, Motorola and President Donald Trump. Uzan's family has opposed Turkey's president, Recep Erdogan, and have been exiled from the country since 2009. The family received political asylum in France, but its whereabouts are unknown.

"Vertu is a powerful brand with an acknowledged market niche," a spokesman for Uzan told the Telegraph. "I look forward to working with the team and providing the investment to enable Vertu to realise its full potential." Baferton Ltd could not immediately be reached for additional comment. Katie Collins / cnet.com
Last Updated ( 2017-03-15 12:10:49 )
 
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