Bluestar Alliance LLC announces the acquisition of luxury brand Palm Angels®. Following the purchase of Off-White from LVMH, the transaction boosts the company’s position as a luxury streetwear leader while also expanding its portfolio of prominent brands.
Palm Angels, founded in 2015, has quickly become a global pioneer in fusing premium couture with street culture. The brand, known for its distinct look that combines American skate culture with Italian craftsmanship, has a loyal fanbase and major influence in the fashion industry.
“We are thrilled to welcome Palm Angels into the Bluestar Alliance brand portfolio,” stated Bluestar Alliance CEO Joey Gabbay. “The brand’s unique ability to cross the gap between streetwear and luxury has distinguished it in the fashion business. We will continue to support Palm Angels as it evolves, innovates, and expands its global footprint. This acquisition is perfectly aligned with Bluestar’s objective of building iconic brands with great cultural resonance and consumer appeal.”
Ralph Gindi, COO of Bluestar Alliance, remarked, “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 who establish the trends, visionaries who drive fashion’s progress, and these people wear Palm Angels. As we embark on this exciting new chapter, we’re thrilled to bring together creative forces from around the world to continue shaping the future of fashion.”
“Palm Angels has helped shape the convergence of luxury and street culture. As it enters a new chapter, I leave with confidence and wish them the best of luck,” said Francesco Ragazzi.
Source: PR Newswire
