Bluestar Alliance Expands Portfolio with Palm Angels Acquisition

In a significant move within the fashion industry, Bluestar Alliance LLC, a leading global brand management company, has proudly announced its acquisition of the luxury streetwear brand Palm Angels®. This acquisition is a strategic step in Bluestar's expansion into the realms of high-end streetwear and luxury fashion, following its recent strategic purchase of Off-White from the renowned conglomerate LVMH, which showcases the company's ambitious aspirations in premium fashion sectors.

Palm Angels, founded in 2015, has quickly ascended to become a global leader in merging luxury fashion with street culture. Its unique aesthetic, which blends American skate culture with Italian craftsmanship, has garnered a loyal following and significant influence within the fashion world. The brand's ability to connect deeply with cultural trends while appealing to affluent consumers has made it a coveted name in luxury streetwear.

Joey Gabbay, the CEO of Bluestar Alliance, expressed enthusiasm for bringing Palm Angels into their brand portfolio, highlighting, “The brand’s unique ability to bridge the gap between streetwear and luxury has garnered it an exceptional position in the fashion industry. We are committed to supporting Palm Angels as it continuously evolves, innovates, and expands its global reach. This acquisition aligns perfectly with Bluestar’s strategy to grow iconic brands with strong cultural significance and consumer appeal.”

Ralph Gindi, COO of Bluestar Alliance, added, “Palm Angels speaks directly to culture pioneers—underground trendsetters and fashion leaders shaping the future of style. Each community has its trendsetters, visionaries who drive fashion development, and it is these individuals who wear Palm Angels. We are proud to join forces as we embark on this exciting new chapter, uniting creative forces worldwide to help shape the future of fashion.”

The founder of Palm Angels, Francesco Ragazzi, remarked, “The brand stands at the intersection of luxury and street culture. As it enters a new chapter, I can confidently step back and wish them great success.”

About Palm Angels

Starting as a photographic documentation of the skate scene in Los Angeles in 2011, the brand evolved into a clothing line by 2015 known for its contemporary portrayal of cultural leaders and rebellious spirit. Palm Angels has since become synonymous with modern luxury streetwear, attracting a global fan base that includes fashion insiders, musicians, and celebrities.

About Bluestar Alliance, LLC

Founded in 2006 by Joseph Gabbay and Ralph Gindi, Bluestar Alliance is a global brand management company that owns, manages, and markets a portfolio of premium fashion, lifestyle, and consumer brands. The company oversees a diverse range of active and luxury brands with global retail sales exceeding $9 billion. Through a network of domestic and international partners, Bluestar Alliance capitalizes on opportunities to acquire both specialized and established brands, enabling them to grow on a global scale. The company manages a portfolio of over 400 licensees and a growing retail brand platform comprising more than 500 stores across North America, Europe, Australia, South America, Asia, the UAE, the Middle East, and India.