GlobalTech Corp. (OTC: GLTK) has completed the acquisition of a 51% controlling stake in Moda in Pelle (“MIP”), a premium U.K. footwear brand, through its definitive agreement with 123 Investments Limited. This transaction is designed to provide an additional revenue stream while significantly expanding the company’s operational presence in the U.K. market. The strategic move aims to bolster GlobalTech’s ecommerce infrastructure and direct-to-consumer initiatives, positioning the company to better compete in the evolving retail landscape.
The acquisition enables GlobalTech to deploy its Thrivo AI platform within the MIP ecosystem, merging heritage retail with modern intelligent retail innovation. This integration is expected to create a new benchmark for experience-driven commerce, leveraging artificial intelligence to enhance customer engagement and operational efficiency. By fusing traditional retail strengths with cutting-edge technology, GlobalTech seeks to transform the footwear brand’s market approach and drive sustainable growth.
For investors seeking the latest updates, information is available in the company’s newsroom at https://ibn.fm/GLTK. The acquisition underscores GlobalTech’s commitment to expanding its portfolio through strategic investments that align with technological advancement and market expansion goals. This move not only diversifies the company’s revenue sources but also enhances its capability to innovate within the retail sector, setting the stage for future developments in AI-driven commerce.
