Bluestar Alliance completed the acquisition of Palm Angels.

Bluestar Alliance, an American global brand management company, completed the acquisition Palm Angels, an Italian luxury streetwear, fashion brand. Financial terms were not disclosed. "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," Joey Gabbay, Bluestar Alliance CEO