#USA #New York #luxury fashion #Bluestar Alliance #Palm Angels

Bluestar Alliance Acquires Palm Angels

Bluestar Alliance LLC, a prominent player in global brand management, has officially acquired the luxury streetwear brand, Palm Angels. This acquisition marks a significant expansion for Bluestar, following its recent purchase of Off-White from LVMH. The integration of Palm Angels into Bluestar's portfolio enhances its standing in the high-end streetwear and luxury fashion segments.

Founded in 2015, Palm Angels has quickly established itself as a leader in blending luxury fashion with street culture, gaining acclaim for its unique style that merges American skate aesthetics with Italian craftsmanship. The brand has cultivated a devoted fan base and made considerable inroads in the fashion industry.

Joey Gabbay, CEO of Bluestar Alliance, expressed excitement about integrating Palm Angels into their brand family. He stated, "We are thrilled to have Palm Angels join the Bluestar Alliance brand portfolio. The brand's unique ability to merge streetwear and luxury sets it apart in the fashion industry. We are committed to supporting Palm Angels in its development, innovation, and expansion of its global reach. This acquisition aligns perfectly with Bluestar's strategy of cultivating iconic brands with strong cultural relevance and consumer appeal."

Ralph Gindi, COO of Bluestar Alliance, commented on the significance of the brand. He noted, "Palm Angels is a brand that speaks directly to cultural trailblazers—the underground tastemakers and fashion leaders shaping the future of style. Every community has its trendsetters, the visionaries steering fashion's evolution, and these individuals embrace Palm Angels. We are excited to bring together creative forces from around the world to further shape the future of fashion."

Francesco Ragazzi, the founder of Palm Angels, has played a pivotal role in the brand's emergence from a photographic project capturing LA's skate culture in 2011 into a full-fledged clothing line known for its contemporary take on cultural symbols and rebellious spirit. Ragazzi stated, "Palm Angels has defined the intersection of luxury and street culture. As we turn this new page, I step away with confidence, wishing them immense success for the future."

The brand now stands as a synonym for modern luxury streetwear, boasting a global following that includes fashion insiders, musicians, and celebrities.

Bluestar Alliance, founded in 2006 by Joseph Gabbay and Ralph Gindi, manages an impressive portfolio of premium fashion, lifestyle, and consumer brands, boasting retail sales exceeding $9 billion worldwide. The company operates over 400 licensees and a growing retail platform featuring more than 500 stores across North America, Europe, Australia, South America, Asia, the Middle East, and India.

As Bluestar Alliance continues to strengthen its brand portfolio, the acquisition of Palm Angels signifies its commitment to investing in culturally relevant brands that resonate with modern consumers. This strategic move could lead to exciting developments in the luxury streetwear landscape in the coming years.

For additional insights or inquiries, contact Sarah Rosen at Bluestar Alliance via email.