- 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…
NOTE TO INVESTORS: The latest news and updates relating to GLTK are available in the company’s newsroom at ibn.fm/GLTK
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN
