Nike Buys Hurley -

: The ability to apply Nike's fabric technologies to surf products, resulting in award-winning gear like the Hurley Phantom line. Reason for the Divestiture

: Nike, Inc. acquired Hurley International for approximately $95 million . At the time, Hurley was generating about $70 million in annual sales.

Nike's primary goal was to diversify its portfolio beyond traditional athletic footwear and apparel. By acquiring an established brand like Hurley, Nike gained: nike buys hurley

: Nike announced it would sell the Hurley brand to Bluestar Alliance LLC for an undisclosed amount.

: A platform to enter the action sports segment (surf, skate, snow) where it previously had little presence. : The ability to apply Nike's fabric technologies

: Immediate credibility in the California surf and beach lifestyle culture.

: The sale was completed, marking Nike's exit from the surf-specific apparel market to prioritize its core categories and direct digital sales. Why Nike Bought Hurley At the time, Hurley was generating about $70

Nike's acquisition of was a major strategic move to expand into the "action sports" market, specifically surfing, skating, and snowboarding. While Nike owned the brand for 17 years, it eventually divested it to focus on its own direct-to-consumer growth. Key Timeline of the Acquisition & Sale