Business
Madison Technologies Announces Acquisition of Leading Jewelry Designer, Posto Del Sole, Inc.
Madison Technologies Announces Acquisition of Leading Jewelry Designer, Posto Del Sole, Inc..
About this update from Madison Technologies Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / October 22, 2020 / Madison Technologies Inc., (OTCQB:MDEX), a brand development and business accelerator company, announced today it has acquired Posto Del Sole (PDS), a leading jewelry designer, to further develop existing Brands and create new designer labels.Posto del Sole is a jewelry company focused on aggregating small designer brands via innovative and participatory digital channels. A rare marriage of domestic manufacturing, sustainability, and excellence in design - PDS fits perfectly into Madison's development and business accelerator vision."We're extremely excited to bring Posto Del Sole, and it's amazing, experienced management team aboard the Madison platform. Their unique collections are captivating, and the company couples the personal brick-and-mortar experience with the reach of an online retailer that will help Posto thrive," said Jeffrey M. Canouse, Chief Executive Officer. Mr. Canouse continued; "this is now our second Brand acquisition after adding the CZJ license back in July - we hope to add more brands before the end of the year and look forward to helping each one of them reach their full potential.""We, the team at Posto Del Sole, are overly excited to be joining the team at Madison. Management clearly understands our jewelry based digital platform business model. We look forward to expanding brands and collections with the support and talent at Madison," said Don Jones, Chairman of PDS Brands.Posto currently offers four collections covering multiple designs in Diamonds, Gold & Silver, Fashion, Vintage, Bridal, and room to grow into areas such as Bespoke, Diamond basics, and Watches.About Madison Technologies Inc: Madison Technologies is a Brand Development and Business accelerator company. The company is focused on select consumer good segments that are deemed underserved and offer significant growth opportunities for our company.About Posto Del SolePosto del Sole is a jewelry company focused on aggregating small designer brands via innovative and participatory digital channels. Led by former Tiffany & Co. executives, our team has the best design, product development, and sourcing expertise in the industry. This breadth and depth of experience is distinctly suited to helm a diverse portfolio of designer jewelry brands unifie...