In Brief

Nike Acquires Hurley: Nike Inc. has acquired action sports lifestyle company Hurley International Inc., a fast-growing brand widely credited for raising the fashion quotient of the surf-skate-snow category. Financial terms were not disclosed, but sources pegged the purchase price at $140 million, roughly twice Hurley’s sales. Bob Hurley, president and founder of the three year-old brand, will continue leading expansion efforts including opening international distribution in Europe and Japan and launching footwear. Hurley said the Costa Mesa, Calif.-based management team will remain intact. Tom Clarke, Nike’s president of new business development, said, “Nike can provide resources to help Bob and his team stay focused as the brand expands.” Hurley sells young men’s and junior apparel, sleepwear, innerwear and small accessories.

Monckton Leaves Post: Rosa Monckton, chief executive for the U.K. operations of Asprey & Garrard, will leave her post this week and become a consultant to the company, the firm said Saturday. Monckton, a former Tiffany executive, will assume the role of non-executive chairman of Asprey London Ltd. and Garrard & Co. Ltd., both U.K. operations of the parent Asprey & Garrard Group. Monckton was said to be earning a huge salary and used a helicopter to commute to work in London from her home in East Sussex. She is chairman of the Diana Princess of Wales Fountain Committee and of KIDS, a charity for disabled children. Asprey & Garrard will become two separate brands in April. Monckton will not be replaced. Her duties will be split between Gianluca Brozzetti, ceo, Asprey & Garrard Group, and marketing directors and showroom managers.