- GlobalTech Corp. announces that the company closed the acquisition of Moda in Pelle (“MIP”) to officially acquire a 51% controlling interest in the U.K. footwear brand
- The transaction is intended to not only serve as an additional revenue stream for the company, but also to strengthen the operational footprint in the U.K., boost the company’s ecommerce capabilities, and expand direct-to-consumer efforts
- The move also fuses heritage in retail alongside modern intelligent retail innovation through AI, creating a new benchmark for experience-driven commerce
GlobalTech (OTC: GLTK), a technology holding company, recently closed a definitive agreement to acquire a 51% controlling stake in 123 Investments Limited dba Moda in Pelle (“MIP”), which is a premium U.K. footwear brand.
The transaction was made not only to provide an additional revenue stream but also expand the company’s ecommerce and direct-to-consumer capabilities. GlobalTech also said that the move supports the planned deployment of the company’s Thrivo AI platform within the MIP ecosystem, and boosts the company’s footprint in the U.K.
Founded in 1975, MIP has a long history in the U.K. footwear space and has developed a strong market presence and a positive reputation over the decades. Not only does it have many physical stores, but also a strong online presence.
This partnership aims to fuse retail heritage and modern AI innovation to set a new benchmark for experience-driven commerce. GlobalTech may see this acquisition as a great way to modernize a strong and long-standing legacy brand like MIP, and potentially expand the company’s reach, while also making the retail experience more efficient and seamless.
By integrating Thrivo AI into MIP, GlobalTech can help the company offer more personalized and professional online shopping experiences, and the move may also have several behind-the-scenes benefits. For example, it may help with decision-making, improve inventory management, and help streamline various other internal processes.
The move may also modernize the MIP ecosystem in other ways, such as improving customer intelligence, optimizing the supply chain, and driving further innovation with the help of AI.
About GlobalTech Corp.
GlobalTech Corp. is a technology holding company that specializes in areas like big data, AI, and digital infrastructure. It blends internal innovation with strategic acquisitions to boost growth and create shareholder value. It has a diverse portfolio of acquisitions that span industries like ecommerce, retail, digital lending, and several others.
For more information, visit www.GlobalTechCorporation.com.
NOTE TO INVESTORS: The latest news and updates relating to GLTK are available in the company’s newsroom at ibn.fm/GLTK
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