New York-based management firm Bluestar Alliance announced on Tuesday the acquisition of luxury streetwear brand Palm Angels. 

Founded in 2015 by Francesco Ragazzi, Palm Angels has been recognized for its unique blend of American skate culture and Italian craftsmanship. It has attracted a global fanbase that includes fashion insiders, musicians, and celebrities alike.

“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,” said Ragazzi.

Terms of the deal were not disclosed.

“We are thrilled to welcome Palm Angels into the Bluestar Alliance brand portfolio,” said Joey Gabbay, CEO of Bluestar Alliance. 

“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.”

The move follows Bluestar Alliance’s recent acquisition of Off-White from LVMH, further solidifying its expansion into the high-end streetwear and luxury fashion markets.

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.”