Bluestar Alliance Expands Its Luxury Portfolio with Palm Angels Acquisition
In a significant move for the luxury fashion industry, Bluestar Alliance LLC has announced its acquisition of the renowned streetwear brand, Palm Angels. Established in 2015, Palm Angels quickly emerged as a key player in the luxury street fashion space, blending high-end style with urban culture. The acquisition follows Bluestar's recent purchase of Off-White from LVMH and reflects the company’s strategic growth within the luxury streetwear and high-fashion sectors.
Joey Gabbay, CEO of Bluestar Alliance, expressed enthusiasm about welcoming Palm Angels into their diverse portfolio. "The unique ability of Palm Angels to merge the worlds of streetwear and luxury sets it apart in the fashion industry. We're excited to support the brand’s evolution as it continues to seek new avenues of growth and enhance its global presence. This acquisition aligns seamlessly with Bluestar’s strategy of nurturing iconic brands with strong cultural impact and consumer appeal."
Palm Angels, known for its distinctive aesthetic that combines American skateboarding culture with Italian craftsmanship, has cultivated a loyal following and significant influence in fashion circles. Ralph Gindi, the Chief Operating Officer of Bluestar Alliance, emphasized the brand's role in appealing to cultural trailblazers and underground style leaders who shape the future of fashion. "Every community has trendsetters, the visionaries that guide the evolution of style, and those individuals are the ones who wear Palm Angels. We are proud to unite creative forces worldwide to continue shaping the future of fashion," added Gindi.
The acquisition heralds a new chapter for Palm Angels. Its founder, Francesco Ragazzi, who began the brand as a photography project centered around skate culture, has seen it rise to become synonymous with contemporary luxury street fashion. Ragazzi stated, "This brand has shown that luxury and street culture can coexist beautifully. I step aside with faith in their vision and wish them success in this new phase."
Bluestar Alliance, founded in 2006 by Joseph Gabbay and Ralph Gindi, is a global brand management company that owns, manages, and promotes a portfolio of brands in premium fashion, lifestyle, and consumer goods. With retail sales exceeding $9 billion, Bluestar's network of domestic and international partners allows them to elevate niche and established brands into global lifestyle leaders. The company oversees a portfolio of over 400 licensees and a burgeoning branded retail platform featuring more than 500 stores across North America, Europe, Australia, South America, Asia, the UAE, the Middle East, and India.
As Bluestar Alliance continues to enhance its portfolio with innovative and culturally relevant brands like Palm Angels, it remains committed to shaping the landscape of luxury fashion through strategic acquisitions that resonate with consumers worldwide. With an eye on the future, Bluestar is poised to lead the charge in the ever-evolving fashion industry, reinforcing its reputation as a key player in managing distinctive and culturally impactful brands.
Joey Gabbay, CEO of Bluestar Alliance, expressed enthusiasm about welcoming Palm Angels into their diverse portfolio. "The unique ability of Palm Angels to merge the worlds of streetwear and luxury sets it apart in the fashion industry. We're excited to support the brand’s evolution as it continues to seek new avenues of growth and enhance its global presence. This acquisition aligns seamlessly with Bluestar’s strategy of nurturing iconic brands with strong cultural impact and consumer appeal."
Palm Angels, known for its distinctive aesthetic that combines American skateboarding culture with Italian craftsmanship, has cultivated a loyal following and significant influence in fashion circles. Ralph Gindi, the Chief Operating Officer of Bluestar Alliance, emphasized the brand's role in appealing to cultural trailblazers and underground style leaders who shape the future of fashion. "Every community has trendsetters, the visionaries that guide the evolution of style, and those individuals are the ones who wear Palm Angels. We are proud to unite creative forces worldwide to continue shaping the future of fashion," added Gindi.
The acquisition heralds a new chapter for Palm Angels. Its founder, Francesco Ragazzi, who began the brand as a photography project centered around skate culture, has seen it rise to become synonymous with contemporary luxury street fashion. Ragazzi stated, "This brand has shown that luxury and street culture can coexist beautifully. I step aside with faith in their vision and wish them success in this new phase."
Bluestar Alliance, founded in 2006 by Joseph Gabbay and Ralph Gindi, is a global brand management company that owns, manages, and promotes a portfolio of brands in premium fashion, lifestyle, and consumer goods. With retail sales exceeding $9 billion, Bluestar's network of domestic and international partners allows them to elevate niche and established brands into global lifestyle leaders. The company oversees a portfolio of over 400 licensees and a burgeoning branded retail platform featuring more than 500 stores across North America, Europe, Australia, South America, Asia, the UAE, the Middle East, and India.
As Bluestar Alliance continues to enhance its portfolio with innovative and culturally relevant brands like Palm Angels, it remains committed to shaping the landscape of luxury fashion through strategic acquisitions that resonate with consumers worldwide. With an eye on the future, Bluestar is poised to lead the charge in the ever-evolving fashion industry, reinforcing its reputation as a key player in managing distinctive and culturally impactful brands.
Topics Consumer Products & Retail）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.