Bluestar Alliance, LLC has acquired the Palm Angels Italian luxury streetwear brand, founded in 2015. The acquisition follows the company’s September 2024 acquisition of Off-White from LVMH and is said to underscore the company’s continued expansion into the high-end streetwear and luxury fashion sectors.
“The addition of Palm Angels strengthens Bluestar’s portfolio of both iconic and emerging brands, solidifying its leadership in the luxury streetwear market,” the company said in a media release. “Known for its distinctive aesthetic that merges American skate culture with Italian craftsmanship, the brand has garnered a loyal 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 shape the future of fashion.”
Francesco Ragazzi, founder and designer of Palm Angels, 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.”
Ragazzi’s background includes being the Creative Director of Moncler. In 2015, he teamed up with New Guards Group, whose portfolio, at that time, included Off-White and Heron Preston, to create Palm Angels.
Bluestar Alliance is a global brand management company that owns, manages and markets a portfolio of fashion, lifestyle and consumer brands, spanning a range of contemporary and luxury brands, with over $9 billion in reported global retail sales.
Image courtesy Palm Angels
