Bluestar Alliance Expands Global Footprint with Palm Angels Acquisition

Bluestar Alliance Expands Its Portfolio with Palm Angels Acquisition

Bluestar Alliance LLC, a prominent player in global brand management, has recently announced the acquisition of the luxury streetwear brand Palm Angels®. This strategic move comes on the heels of Bluestar’s previous acquisition of Off-White from LVMH, marking a significant expansion in the high-end streetwear and luxury fashion sectors.

Palm Angels, established in 2015, swiftly rose to global prominence through its unique blend of luxury fashion and street culture. Known for its distinctive aesthetic that marries American skate culture with Italian craftsmanship, the brand has cultivated a loyal following and gained considerable influence in the fashion industry.

Joey Gabbay, CEO of Bluestar Alliance, expressed excitement regarding Palm Angels becoming part of the company’s portfolio. He stated, "The brand's unique ability to bridge the worlds of streetwear and luxury makes it stand out in the fashion industry. We are committed to supporting Palm Angels in its evolution, innovation, and the growth of its global presence. This acquisition aligns perfectly with Bluestar's strategy to develop iconic brands with strong cultural relevance and consumer appeal."

Similarly, Ralph Gindi, COO of Bluestar Alliance, added, "Palm Angels speaks directly to trendsetters, underground taste-makers, and fashion leaders shaping the future of style. In every community, there are those who define trends, the visionaries guiding the evolution of fashion, and these individuals wear Palm Angels. As we embark on this exciting new chapter, we are proud to gather creative forces from around the world to continue shaping the future of fashion."

Francesco Ragazzi, the founder of Palm Angels, reflected on his journey with the brand, stating, "Palm Angels has shaped the intersection of luxury and street culture. As they enter this new chapter, I step back confidently, wishing them the greatest success."

Founded originally in 2011 as a photography project documenting the skate culture of Los Angeles, Palm Angels transitioned into clothing in 2015. The brand has become synonymous with contemporary luxury streetwear, appealing to a global audience of fashion enthusiasts, musicians, and celebrities alike.

Established in 2006 by Joseph Gabbay and Ralph Gindi, Bluestar Alliance is a global brand management firm that owns, manages, and markets a portfolio of premium brands across fashion, lifestyle, and consumer goods. With over $9 billion in worldwide retail sales, Bluestar’s portfolio includes a range of contemporary and luxury brands. The company operates a robust business network with over 400 licensed partners and a growing retail platform boasting more than 500 stores across North America, Europe, Australia, South America, Asia, the UAE, the Middle East, and India.

As Bluestar Alliance enhances its portfolio with the addition of Palm Angels, the stage is set for continued growth and innovation within the luxury streetwear sector, promising an exciting future ahead for both the brand and its customers.