Salt Lake City, Utah--(Newsfile Corp. - September 21, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, announces a corporate update.
Gaensel Energy Group announces a strategic investment in an expanding fashion brand in Milan, Italy, Retail SRL brand Gate 21, https://www.gate21.eu/it. Gate 21 is a clothing brand for men and woman clothing. The company has 14 company owned stores and 5 franchise owned stores in Northern Italy. Ten of the company owned stores are located in Metropolitan shopping centers and 4 are located in strategic downtown centers. The company has reported post pandemic revenues of over 2 Mil Euro for 2021.
Retail SRL, with the new Gaensel Energy partnership, will be opening 3 major distribution centers in Italy (Milano, Bologna and Napoli) and begin its expansion throughout the European Markets and North & South America markets. Gaensel Energy Group will provide asset financing in return for an initial thirty percent (30%) of Retail SRL, and plans to incorporate its Angelo Caroli Brand, https://www.angelocaroli.com, with its retail operations now in New York, Bulgaria, Italy and London, with the brand Gate 21 and our Montenapoleone 1838 flagship brand.
The Company is completing a number of activities before the end of the third quarter in organizing divisions and consolidating entities. Our Metro VR Studio, Boston, Massachusetts, is providing updates on its VR, AI, gaming development which we will be releasing. Our Consorzio Green Energy Solution is updating or management after the Milan International Fashion Week.
https://www.newsfilecorp.com/release/137948