GlobalTech (OTC: GLTK) 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.,” reads a recent article. “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.”
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About GlobalTech Corporation
GlobalTech Corporation is a U.S.-based technology holding company committed to enabling growth in the fields of AI, big data, and frontier technologies. Through strategic partnerships and capital investment, GlobalTech empowers visionary companies and innovation-led enterprises to drive transformation across global markets it serves.
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