GlobalTech Corp. Acquires Majority Stake in UK Footwear Brand Moda in Pelle to Expand AI-Driven Retail

GlobalTech Corporation (OTC: GLTK), a U.S.-based technology holding company, has entered a definitive agreement to acquire a 51% interest in 123 Investments Limited, which operates as the premium UK footwear brand Moda in Pelle. The acquisition, expected to close within 30 days subject to customary conditions, represents a strategic move by GlobalTech to expand its operational presence in the United Kingdom while integrating artificial intelligence capabilities into the retail sector.

The transaction involves GlobalTech purchasing the majority stake through a combination of common stock and Convertible Series A Preferred Stock. According to the company's announcement, this preferred stock converts to common stock upon a Nasdaq Capital Market uplisting or other specified conditions and carries no dividends. This financial structure suggests GlobalTech is positioning for future public market milestones while acquiring an established revenue stream.

Moda in Pelle reported approximately $37 million in net revenue last year, providing GlobalTech with immediate financial scale in the consumer retail space. CEO Dan Green stated that the acquisition aligns with GlobalTech's value-creation strategy and will support technology deployment across both businesses. The company specifically mentioned plans to enhance e-commerce capabilities through integration with its Thrivo AI platform, indicating a move toward data-driven retail operations.

The implications of this acquisition extend beyond simple corporate expansion. For the retail industry, it represents another example of technology companies seeking to apply artificial intelligence and big data analytics to traditional consumer sectors. GlobalTech's focus on AI, big data, and emerging technologies suggests Moda in Pelle's operations may soon incorporate predictive analytics for inventory management, personalized customer recommendations, or optimized supply chain logistics.

For investors and market observers, the transaction highlights GlobalTech's strategic direction toward combining technological innovation with established consumer brands. The company's reference to a potential Nasdaq Capital Market uplisting in connection with the convertible stock indicates longer-term ambitions for increased market visibility and regulatory compliance. Additional information about GlobalTech is available through the company's newsroom at https://ibn.fm/GLTK.

The UK retail market represents a significant opportunity for technology integration, particularly in the footwear sector where consumer preferences and fashion trends evolve rapidly. By acquiring a controlling interest in Moda in Pelle, GlobalTech gains not only revenue but also valuable consumer data and retail expertise that could inform future technology deployments. The planned Thrivo AI integration suggests GlobalTech intends to create a model for AI-enhanced retail that could potentially be applied to other acquisitions or partnerships.

This acquisition occurs within a broader context of technology companies expanding into traditional industries through strategic investments. As artificial intelligence becomes more sophisticated and accessible, its application to consumer retail represents a growing trend with implications for how products are designed, marketed, and sold. GlobalTech's move positions the company at the intersection of technology and consumer goods, potentially creating a template for how AI can drive value in established retail operations.