U.K. developer Gear4 bankrupt; re-emerges in Hong Kong
Gear4, the U.K.-based brand behind Apple accessories such as AlarmDock Halo 2 and Renew SleepClock, has gone bankrupt and cut most of its U.K. workforce, but has effectively been re-formed as a new entity in Hong Kong. Disruptive Hong Kong bought the rights of all designs, brands, and intellectual property from Disruptive Ltd — the company behind the Gear4 branding — and the company is relocating its headquarters. Disruptive founder and CEO Tom Dudderidge said the economic climate forced the company to review its operations, including “product development, business model and location.” According to the company, all U.K. customer warranties will be honored, and the company will retain a small number of sales and marketing workers in the U.K. [via The Channel]
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