Bluestar Alliance Expands Luxury Portfolio with Palm Angels Acquisition

Bluestar Alliance Expands Its Luxury Fashion Portfolio

In a significant move in the fashion industry, Bluestar Alliance LLC has announced its acquisition of the prestigious streetwear brand, Palm Angels. This strategic purchase comes shortly after Bluestar's successful acquisition of Off-White from LVMH, showcasing the company's relentless expansion within the luxury streetwear sector and high-end fashion market.

Founded in 2015, Palm Angels has quickly risen to prominence by blending luxury fashion with street culture. Its unique aesthetic draws from American skate culture, fused with high Italian craftsmanship. This combination has allowed Palm Angels to cultivate a loyal following and a substantial impact within the fashion realm.

Joey Gabbay, the CEO of Bluestar Alliance, expressed enthusiasm about the new addition to the brand portfolio: “We are excited to welcome Palm Angels to Bluestar Alliance. The brand's distinctive ability to merge street style with luxury fashion uniquely positions it in the industry. We are committed to supporting Palm Angels in continuing its evolution, growth, and global expansion.”

Ralph Gindi, the COO, reiterated the brand's cultural significance, stating, “Palm Angels speaks directly to cultural innovators—underground arbiters and fashion leaders who are defining future styles. In every community, there are trendsetters and visionaries adorned in Palm Angels.”

A Brief History of Palm Angels

The inception of Palm Angels traces back to 2011 when Francesco Ragazzi, the founder, documented the skate culture in Los Angeles. This interest bloomed into a clothing line in 2015, redefining contemporary luxury streetwear. Recognized for its rebellious spirit and modern interpretation of cultural symbols, the brand has garnered a significant fan base, including fashion insiders, musicians, and celebrities alike.

Bluestar Alliance, established in 2006 by Gabbay and Gindi, is a global management company, overseeing a diverse portfolio of premium and lifestyle brands. With retail sales exceeding $9 billion worldwide, the company provides both niche and established brands with opportunities for global lifestyle branding. Bluestar manages over 400 licensees and is expanding its retail platforms across more than 500 locations in North America, Europe, Australia, South America, Asia, the UAE, and India.

The acquisition of Palm Angels is not only a testament to Bluestar's commitment to cultural and stylish brands but also highlights the ongoing trend of luxury and street culture intertwining in today's fashion landscape. As Palm Angels transitions under Bluestar's guidance, the expectation is set for it to continue thriving and influencing, propelling the brand further into the realm of luxury street fashion.

For more information on Bluestar Alliance and its acquisition endeavors, visit their official website or follow them on social media.