Bluestar Alliance secures Palm Angels: A new fashion hit!

Bluestar Alliance secures Palm Angels: A new fashion hit!

Laimgrubengasse 10, 1060 Wien, Österreich - On February 11, 2025, Bluestar Alliance LLC, a leading global brand management company, announced the takeover of the renowned luxury streetwear brand Palm Angels®. This takeover follows the acquisition of off-White from LVMH and strengthens the position of Bluestar Alliance in the luxury fashion segment. Palm Angels was founded in 2015 and quickly established itself as a key figure that connects luxury fashion with urban culture. With its unique style, the American skate culture combined with Italian craftsmanship, the brand has gained a loyal fan base and a significant influence in the fashion world, such as APA-OTEL " reported.

Joey Gabbay, CEO of Bluestar Alliance, was enthusiastic about the acquisition: "The ability of Palm Angels, Streetwear and Luxury combined, emphasized the brand in the fashion industry. We are determined to support Palm Angels in its further development and global presence." Ralph Gindi, COO of Bluestar Alliance, added that Palm Angels directly appealed to the cultural workers and thus has a significant influence on the fashion future. The takeover offers the brand the opportunity to further expand its creative vision and reach new heights, so Morningstar .

Francesco Ragazzi, the founder of Palm Angels, who began in 2011 with a photographic documentary of the skater culture, sees a positive new chapter for the brand in this takeover: "I will take confidence and wish them the greatest success for the future." This strategic takeover will continue to consolidate the market leadership of Bluestar Alliance in the area of luxury streetwear and expand its range with important brands. With a portfolio that comprises a global retail volume of over 9 billion dollars, Bluestar Alliance positions itself as an indispensable player in the global fashion industry.