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FAQ: GlobalTech Corp's Acquisition of Moda in Pelle and AI Integration Strategy
TL;DR
GlobalTech gains a strategic advantage by acquiring 51% of Moda in Pelle, expanding its ecommerce reach and integrating its Thrivo AI platform to enhance retail operations.
GlobalTech acquired a controlling stake in Moda in Pelle to boost revenue, expand direct-to-consumer capabilities, and deploy its Thrivo AI platform within the footwear brand's ecosystem.
This partnership merges Moda in Pelle's retail heritage with GlobalTech's AI innovation to improve customer experiences and set new standards for commerce.
A 1975-founded UK footwear brand with strong market presence is now partnering with a US tech firm to blend classic retail with modern AI technology.
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GlobalTech Corporation (OTC: GLTK) has closed a definitive agreement to acquire a 51% controlling stake in Moda in Pelle (MIP), a premium U.K. footwear brand, as part of a strategy to fuse retail with AI innovation.
The acquisition provides GlobalTech with an additional revenue stream, expands its ecommerce and direct-to-consumer capabilities, supports deployment of its Thrivo AI platform within MIP's ecosystem, and boosts the company's footprint in the U.K. market.
Moda in Pelle is a premium U.K. footwear brand founded in 1975 with a long history, strong market presence, positive reputation, many physical stores, and a strong online presence, providing retail heritage to complement GlobalTech's AI innovation.
GlobalTech plans to deploy its Thrivo AI platform within the Moda in Pelle ecosystem, aiming to fuse retail heritage with modern AI innovation to set new benchmarks for experience-driven commerce.
GlobalTech Corporation is a U.S.-based technology holding company committed to enabling growth in AI, big data, and frontier technologies through strategic partnerships and capital investment to drive transformation across global markets.
The partnership boosts GlobalTech's footprint in the United Kingdom, where Moda in Pelle has operated since 1975 and maintains physical stores alongside its online presence.
The partnership aims to set a new benchmark for experience-driven commerce by combining Moda in Pelle's retail heritage and market presence with GlobalTech's Thrivo AI platform and modern innovation capabilities.
The latest news and updates relating to GLTK are available in the company's newsroom at https://ibn.fm/GLTK.
AINewsWire is a specialized communications platform focusing on AI advancements that published this content, providing distribution through its network as part of the InvestorBrandNetwork portfolio of brands.
Curated from InvestorBrandNetwork (IBN)
