Nike buys Costa Mesa-based Hurley
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Lolita Harper
COSTA MESA -- Hurley International, a popular surf and skate wear
company, announced an alliance with Nike this week that officials say
will allow the smaller brand to remain autonomous while reaping the
benefits of big-name backing.
Nike will own the sport clothing company, but Newport Beach resident
Bob Hurley -- the company’s founder -- will remain president. Hurley will
continue to oversee design, development and distribution, he said.
“The Hurley brand is going to stay the Hurley brand. It’s our message.
It’s the same management team. Nothing is going to change,” Hurley said.
Nike was approached by Hurley officials to help the 3-year-old company
meet its goal of global popularity, Hurley said. The company explored
other international partnerships before entering a nine-month negotiation
with the sporting giant.
“We decided it was best to partner up with one person who knew what
they were doing worldwide,” Hurley said.
In a statement, Nike officials said the Costa Mesa company was a
“strong brand, uniquely positioned in the marketplace” with growing
popularity among teenagers.
Financial terms of the agreement were not released.
Although Hurley brand items will not make their way to Niketown
shelves, the larger company will help with expansion to international
markets.
Hurley wants to produce accessories and footwear.
“Obviously with Nike shoes, it would be a good idea,” Hurley said.
Hurley, 46, founded the clothing company after marketing, producing
and designing for surf wear maker Billabong. Hurley International is
rooted in skateboarding, surfing and snowboarding, and its brand name is
frequently spotted on Newport-Mesa residents.
Hurley is a 20-year industry veteran and a surfer himself.
“Positivity is our message. Having fun every day is our motto,” Hurley
said.
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