Home / Knowledge / News / Announcement / Nike announces sale of Hurley to Bluestar Alliance

Nike announces sale of Hurley to Bluestar Alliance

31
Oct '19
Pic: Nike
Pic: Nike
US firm Nike recently announced it has reached a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. The terms of the transaction are not being disclosed and it is expected to be complete in December. Hurley’s global footprint will enhance Bluestar’s reach around the world, said Joey Gabbay, chief executive officer of Bluestar Alliance.

"As we drive increasingly more targeted investment and focused growth through Nike's Consumer Direct Offense, this change in ownership will allow sharper focus and intentional investment in Hurley's growth potential," said Michael Spillane, Nike’s president of categories and product, in a statement.

Nike is the world’s leading designer, marketer and distributor of athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Bluestar Alliance, founded in 2006 by Joseph Gabbay and Ralph Gindi, owns, manages and markets a portfolio of consumer brands, including Bebe, Tahari, Kensie, Limited Too, Brookstone, Nanette Lepore, Catherine Malandrino, Joan Vass and English Laundry.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2021

Global FDI fell by 42% in 2020, outlook weak: UNCTAD

Uncertainty over the pandemic's evolution and the global investment...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2021

3.5 lakh Bangla RMG workers lost jobs during pandemic

Around 350,000 garment workers in Bangladesh lost jobs during the...

Pic: American Eagle Outfitters

Retail | On 28th Jan 2021

AEO targets revenues worth $5.5 bn in FY23

American Eagle Outfitters is aiming at revenues worth $5.5 billion...

Interviews View All

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search