British smartphone maker Wileyfox is dead. A company employee took to their verified Reddit account to make the announcement on February 6, stating that the firm had gone into administration.
Writing on Reddit, user Wileyfox-Jack said “Wileyfox Europe Limited is in Administration. Andrew Andronikou and Andrew Hosking are appointed joint administrators and act jointly and severely without personal liability.”
Update: We’ve now been sent an official statement from Wileyfox on the news.
“On the 5th February 2018 Smartphone manufacturer, Wileyfox (‘Wileyfox Group’) placed one of it’s European subsidiaries, Wileyfox Europe Limited (‘WFE’) into administration and appointed Andrew Andronikou and Andrew Hosking of Quantuma LLP as joint administrators.
“The purpose of the administration is to restructure the Wileyfox Group, reduce its cost base in Europe and to ensure its long term future across all the markets it operates in. Regretfully, as a result of this, certain redundancies have been inevitable in WFE and the Wileyfox Group is working with those affected to ensure they have the support needed to find alternative employment.
“The Wileyfox Group is committed to working with partners, distributors and customers in Europe to ensure, as far as possible, uninterrupted support and service for Wileyfox mobile handsets in the market, as well as outline the Group’s future plans in this core market.
This article was sourced fromTechRadar