Posted AT 7:11 AM EST on 20/11/08
Nokia luxury arm eyes expansion amid downturn
LONDON — — Vertu, the prestige arm of handset maker Nokia, is planning a rapid expansion despite the economic downturn, believing the mobile phone could become the next hit item on the luxury goods market.
Frank Nuovo, creative director, designer and co-founder, told Reuters that Vertu planned to have 50 stand-alone stores worldwide by the end of next year, up from about 30 now.
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