Bluestar Alliance LLC, the global brand management firm has secured another major player in high-end streetwear: Palm Angels. Founded in 2014 by Italian designer Francesco Ragazzi, the brand’s Los Angeles-inspired aesthetic merges skate culture with luxury, creating a distinct identity. Ragazzi will step away from the brand following the acquisition.
Joey Gabbay, Bluestar’s CEO, emphasized the brand’s unique cultural imprint. “The brand’s unique ability to bridge the worlds of streetwear and luxury has set it apart in the fashion industry,” he said. “We are committed to supporting Palm Angels as it continues to evolve, innovate and expand its global presence.” Financial terms remain undisclosed.
Palm Angels emerged from Ragazzi’s photographic exploration of Los Angeles skateboarding culture, after publishing a photobook documenting images of the sun-saturated skate scene in the city. The brand quickly gained recognition for merging refined aesthetics with street culture sensibilities. Over the years the brand has garnered a loyal following and significant influence within the fashion world.
Bluestar Alliance, managing brands worth over $9 billion in global retail sales, including brands ranging from Hurley, Scotch & Soda and Bebe, to Elie Tahari, Kensie, Justice, Catherine Malandrino, Nanette Lepore, English Laundry, Brookstone, Joan Vass and Limited Too. The acquisition follows Bluestar’s recent purchase of Off-White from LVMH Moët Hennessy Louis Vuitton at the end of September, demonstrating the firm’s commitment to premium fashion brands and luxury fashion sectors.
