BLUESTAR ALLIANCE HAS ACQUIRED OFF-WHITE FROM LVMH

LVMH has sold Off-White LLC, which owns the Off-White brand, to Bluestar Alliance, LLC, a New York-based brand management company. Terms of the transaction are not being disclosed. Founded in 2012 by Virgil Abloh, Off-White is an international luxury streetwear brand.

“Virgil was a creative pioneer who had a profound impact on the global fashion industry and creative community. Acquiring Off-White represents a unique opportunity for Bluestar Alliance to honor and build upon the enduring legacy of Virgil Abloh. His visionary approach to fashion resonates deeply with our core values. Abloh’s ability to fuse street culture with high fashion has laid a powerful foundation that aligns with our vision of fostering innovation while embracing diversity. The acquisition of Off-White, and the opportunity to provide strategic investment and build upon our global network of resources will allow for the continuation of the cultural and creative momentum that Virgil ignited, one that Bluestar Alliance is committed to carrying forward,” says Joey Gabbay, CEO of Bluestar Alliance.

Bluestar Alliance was founded by Gabbay and Ralph Gindi in 2006. The company owns, manages, and markets a portfolio of consumer brands that includes Scotch & Soda, Hurley, Justice, Brookstone, Tahari, Bebe, Kensie, Catherine Malandrino, Nanette Lepore, English Laundry, and Limited Too.

LVMH is proud of the legacy that Off-White has built under Virgil Abloh’s visionary leadership. Bluestar Alliance is the perfect partner to carry that legacy forward. Bluestar Alliance shares our commitment to respect creative integrity, and we are confident that, under their stewardship, Off-White will continue to innovate while respecting the spirit and values of the brand.

Images from the Off-White website.

[Editor’s Note: Virgil Abloh Securities asked to add the following statement]:“Virgil Abloh Securities and Shannon Abloh officially parted ways with Off-White in 2022 and are no longer affiliated with the brand.

In honor of Virgil’s 44th birthday, we celebrate his legacy and will continue to live with grace and positivity. Virgil Abloh Securities will push forward the future of Virgil Abloh’s vision by spreading his ethos and essence globally, led by Shannon Abloh.”