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Global brand management firm Bluestar Alliance has announced the acquisition of Palm Angels luxury streetwear brand.
The acquisition follows Bluestar Alliance’s recent acquisition of Off-White from LVMH, and underscores Bluestar Alliance’s continued expansion into the high-end streetwear and luxury fashion sectors.
Born in 2015, Palm Angels has rapidly become a global leader in blending luxury fashion with street culture. Known for its aesthetic that merges American skate culture with Italian craftsmanship, the brand has garnered a following and “significant” influence within the fashion world.
Joey Gabbay, CEO of Bluestar Alliance, said: “We are thrilled to welcome Palm Angels into the Bluestar Alliance brand portfolio. The brand’s unique ability to bridge the worlds of streetwear and luxury has set it apart in the fashion industry.
“We are committed to supporting Palm Angels as it continues to evolve, innovate, and expand its global presence. This acquisition aligns perfectly with Bluestar’s strategy of growing iconic brands with strong cultural relevance and consumer appeal.”
Ralph Gindi, COO of Bluestar Alliance, added: “Palm Angels is a brand that speaks directly to the cultural trailblazers—the underground tastemakers and fashion leaders who shape the future of style. In every community, there are those that set the trends, the visionaries who guide fashion’s evolution, and those individuals are wearing Palm Angels.
“As we enter this exciting new chapter, we’re proud to bring together creative forces from around the globe to continue shaping the future of fashion.”
Francesco Ragazzi, Palm Angels’ founder, said: “Palm Angels has been shaping the intersection of luxury and street culture. As it enters a new chapter, I step away with confidence and wish them the greatest success ahead.”
