Nike is reportedly contemplating strategic options including the divesture of Hurley, the group's boardsports apparel brand. The information came just after that of the appointment of John Schweitzer as Hurley's chief executive and chief financial officer. He is replacing Bob Coombes, who was made general manager in 2015, with the departure of Hurley's founder and CEO, Bob Hurley. The Nike group bought Hurley in 2002 when it had sales of about $70 million a year. They have since risen to an estimated $250 million. The Nike group divested Cole Haan, a brand of casual footwear, many years ago. The sale of Hurley would leave the group with only the Nike, Jordan and Converse brands in its portfolio.

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