GlobalTech Corp. (OTC: GLTK) has announced the closing of its acquisition of a 51% controlling interest in 123 Investments Limited, which operates as Moda in Pelle, a premium U.K. footwear brand founded in 1975. The transaction, previously disclosed in a definitive agreement, is expected to add a new revenue stream and enhance the company's direct-to-consumer and e-commerce capabilities. The U.S.-based technology holding company stated that the acquisition supports the planned deployment of its Thrivo AI platform within the Moda in Pelle ecosystem and strengthens its operational footprint in the U.K.
The consideration for the acquisition consists of shares of GlobalTech common stock and Convertible Series A Preferred Stock, as detailed in a Form 8-K filed with the Securities and Exchange Commission on Dec. 2, 2025. The move aligns with GlobalTech's strategy of integrating artificial intelligence into traditional retail businesses to drive efficiency and growth. By applying the Thrivo AI platform to Moda in Pelle's operations, the company aims to optimize inventory management, personalize customer experiences, and streamline supply chain processes.
Moda in Pelle, known for its high-quality footwear and strong brand heritage in the U.K., provides GlobalTech with a direct-to-consumer channel and a physical retail presence. This acquisition is part of a broader trend where technology companies are acquiring established brands to gain access to consumer markets and data. For GlobalTech, the deal represents an opportunity to demonstrate the value of its AI solutions in a real-world retail setting, potentially attracting other retail partners.
The announcement has significant implications for both companies. For Moda in Pelle, access to GlobalTech's technology could modernize its operations and enhance its competitive edge. For GlobalTech, the acquisition provides a tangible proof point for its AI platform and a new revenue source. Investors will be watching to see how the integration progresses and whether the AI deployment yields measurable improvements in sales and efficiency.
Further details about the acquisition and the Thrivo AI platform can be found in the company's filings and announcements. The latest news and updates regarding GLTK are available in the company's newsroom at https://nnw.fm/GLTK. The full press release is available at https://nnw.fm/ibuKc.
