Under Armour stock slumps", "Under Armour founder, CEO Kevin Plank steps down; insider tapped for role", "5 Things to Know About Kevin Plank's Successor, Patrik Frisk", "Under Armour Receives 'Wells Notices' From SEC", "Under Armour, Like Rivals, Hit by Pandemic Store Closures", "Enterate que equipos de fútbol viste Under Armour en el mundo", "Under Armour Unveils Its New Products For 2013, With A Little Help Form Arian Foster and Gina Carano", "Under Armour Launches New Scent Control Hunting Collection", "Under Armour poised for greater growth with new products", "Under Armour Unveils New Wounded Warrior Project Uniforms for Boston College and Hawaii", Under Armour launches two new pairs of connected running shoes, "Under Armour launches a brand with NBA star Steph Curry to better compete with Nike's Jordan", "Under Armour launches brand with Stephen Curry, trying to compete with Jordan Brand", "Under Armour Recalls Athletic Cups Due To Injury Hazard", "Under Armour Recalls Chin Straps for Football Helmets Due to Laceration Hazard", "Mergent - Creating Global Financial Solutions", "Under Armour - Fourth Quarter Net Revenues Growth", "Power In Pink® & UA — Support The Fight Against Breast Cancer", "Wounded Warrior Project & Under Armour Freedom", "UA Win — Empowering the Next Generation of Athletes", "Baseball Factory and Under Armour Give Back to Baltimore", "Exclusive: YouTube ran ads from hundreds of brands on extremist channels", U.C.L.A. [15] After graduating from Maryland, Plank searched for synthetic materials that would keep athletes dry. [54], On April 29, 2009, the United States Consumer Products Safety Commission announced a voluntary recall of all Under Armour brand athletic cups[clarification needed]. [19] The ad resulted in $1 million in direct sales for the following year, and athletes and teams began buying the product. Insider Ownership Of Under Armour [5] In Any Given Sunday, Willie Beamen (played by Jamie Foxx) wears an Under Armour jockstrap. [21][22][23] Many long-term employees questioned Plank's strategy and whether the company would produce a return on their investment. [24][25] FAO Schwarz had been paying $20 million in rent. [59], UA Power in Pink is an Under Armour program that promotes women using exercise and fitness to fight breast cancer. 23 on 50 Most Influential People in Sports by, No. Nike would instead become the on-field uniform supplier of the league. [27] MLB's deal with Nike became official on January 25, 2019. [49], Plank has been a long-time supporter of the University of Maryland's Robert H. Smith School of Business and Dingman Center for Entrepreneurship. [52] In 2015, Plank pledged $16 million to St. John's College High School in Washington, DC, to fund athletics, academics and entrepreneurship initiatives. Bankrolled by Kevin Plank—the hometown entrepreneurial success story and billionaire founder of Under Armour, the athletic-apparel giant and owner of Sagamore—and public funding, this site isn’t just a massive investment in infrastructure, industry, and waterfront property, though it’s definitely all … Under Armour’s first national television ad, the now-legendary Protect this House® commercial, featured former University of Maryland football standout Eric "Big E" Ogbogu. The company's share price soared 62.5% that year. [50] The University of Hawaii and Boston College wore the star-studded cleats and the American striped jerseys. [61] UA Win Global is a children's athletics program which focuses on "underserved communities" by enhancing play areas, investing in sports programs and providing support for sports coaches. [84], On February 15, eight days following Plank's statements, Plank took out a full-page ad in the Baltimore Sun to clarify his position and that of the company. [89], In November 2019, the U.S. Securities and Exchange Commission made public that Under Armour's accounting policies had been under scrutiny for more than two years. [56], In 2014, sales of apparel, footwear and accessories represented 74.3%, 14% and 9.9% of net revenues, respectively. Sat-Sun 8.00 - 22.00 . They consist of the UA Power in Pink, UA Freedom and UA Win Global. Based on these numbers, Under Armour has updated its 2016 net revenues outlook to approximately $4.95 Billion (+25%). 4 on America's 20 Most Powerful CEOs 40 and Under, This page was last edited on 14 January 2021, at 21:00. [57] In the days following the remarks, Plank bought a full-page advertisement in The Baltimore Sun to clarify his comments. [29], Plank bought the 630-acre historic Sagamore Farm in Baltimore County, Maryland, in 2007. However, in May 2018, it was reported that Under Armour would be backing out of the deal with MLB, in order to save the company around $50 million. Under Armour said on Tuesday its founder and long-time Chief Executive Officer Kevin Plank will step down from the role next year and be succeeded by Chief Operating Officer Patrik Frisk. [10] He graduated in 1996[3][11] with a bachelor's degree in business administration. Ever since Kevin Plank has shown support for President Trump, he’s faced pressure from consumers to revisit his position. PHONE SUPPORT 00800-82766871 Mon-Fri from 8.00 - 17.00 BST. [citation needed], The following year, Under Armour became the outfitter of the new XFL football league, gaining even more attention during the league's debut on national television. The ad established Under Armour as the authentic voice for the next generation, and introduced the concept of “WILL,” a theme that remains an undeniable part of the Brand’s DNA. [17], On January 21, 2014, it was announced that the University of Notre Dame and Under Armour had come to terms with providing uniforms and athletic equipment for the university. [32] Plank has said he seeks to restore the farm and rejuvenate Maryland's horse racing tradition by raising a Triple Crown winning horse. Brand The pursuit of better Learn More. KvK: 34237352 0000 VAT(UK): GB873001256. While at University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. [3] He continued to use the "Cupid" name when he later launched his Cupid's Cup competition. [63], After ads of many brands ran on extremist channels promoting extremist content on YouTube, Under Armour pulled its ad from Alphabet Inc. owned YouTube. [35], Beginning in 2013,[36] Plank's real estate firm, Sagamore Development, was leading a $5.5-billion mixed-use development project in Baltimore's Port Covington area. [91], American sports clothing and accessories company, This list includes companies that produce sports equipment. Under Armour founder and CEO Kevin Plank’s historic Georgetown home is listed back on the market for $24.5 million after previously being listed for sale in 2018. Stephen Curry has starred in several Under Armour campaigns. Under Armour employees are growing increasingly concerned about the relationship between their married CEO Kevin Plank and married MSNBC host Stephanie Ruhle, according to a new report. [52], In November 2020, Under Armour announced a new brand in partnership with NBA star Stephen Curry called the Curry Brand. His mother is a former mayor of Kensington, who went on to direct the Office of Legislative and Intergovernmental Affairs at the United States Department of State under President Ronald Reagan. Inside each shoe is a Bluetooth module, accelerator and gyroscope. Get the best deals on under armour owner and save up to 70% off at Poshmark now! [59] Additionally, he publicly opposed President Trump's decision to withdraw from the Paris Accord[60] and was among the Fortune 500 CEOs to sign a pledge to promote workplace diversity and inclusion. [5], Plank grew up playing youth football with the Maplewood Sports Association; a Maplewood team has appeared in Under Armour commercials. [28], Under Armour has a partnership with NBA athlete Stephen Curry, who is considered to be the "face of their footwear line". Former executives at Under Armour, the sportswear company whose accounting is under federal investigation, said they scrambled to meet sales goals, borrowing … 6 on 50 Most Influential People in Sports by, No. The company said that revenues were likely to grow at a low single-digit rate, and that further declines in North America were expected. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. [56] Plank's comments drew criticism on social media. [79][81] Under Armour was heavily criticized worldwide and as result, the company ended its contract with Bowmar a few days after the video became known.[79]. [41] The limestone aquifer on Plank's farm produced water fit to distill whiskey,[18] so Plank and business partner Bill McDermond founded Sagamore Spirit to restore Maryland's whiskey distilling tradition. [57] As of January 28, 2016, the fourth quarter net revenues for 2015 increased 31% to $1.17 Billion while the full year net revenues increased 28% to $3.96 Billion. [11][3] Frustrated by his cotton T-shirts' inability to keep him dry and comfortable, he searched for a material that would wick the sweat from his body. [16], Plank initially ran the business from his grandmother's townhouse in Georgetown. PHONE SUPPORT 00800-82766871 Mon-Fri from 8.00 - 17.00 BST. However, Nike ultimately re-signed Durant after agreeing to structure a contract, offering US$300,000,000. FREE SHIPPING available on all UA Deals in the USA. Cupid's Valentine earned $3,000, which Plank used as seed money for Under Armour. In a statement issued to reporters on June 2, Plank deplored the Trump Administration's decision to withdraw the United States from the Paris agreement: We at Under Armour are disappointed by the Administration's decision to withdraw from the Paris Climate Agreement as climate change continues to threaten our planet, our cities and our economies. Phone Support. The owner of the space, Ben Solms, is passionate about this concept: he has hosted several Pop-Up Stores with different brands. Under Armour has 7,000 employees across 17 locations and $5.27 B in annual revenue in FY 2019. "It was important," Plank said, "that this not just be my decision. Under Armour, Slogan Owner Settle 'Prove It' Suit. Hanes, one of Under Armour's longest-sponsored athletes, has appeared with Under Armour co-founder Kip Fulks in episodes of "Ridge Reaper," which … [37] The same month, the company reported revenue decline of 41% for the Q2 of 2020 or $707.6 million. His first big team sale was to Georgia Tech. Sat-Sun 8.00 - 22.00 . From his grandmother's basement, Plank moved to Baltimore. [5], Under Armour announced an addition to their ColdGear product line, called Infrared, that was released in 2013. [24], As CEO, Plank oversaw a company that generated US$5 billion in annual revenue and employed about 15,800 people as of December 31, 2017. 23 — Kevin Plank", "The 100 most influential leaders in marketing, media and tech", "Under Armour To Receive FN's 2015 Brand Of The Year Award", "America's Most Powerful CEOs 40 And Under", "Under Armour CEO Kevin Plank named one of SI's most powerful people in sports", https://en.wikipedia.org/w/index.php?title=Kevin_Plank&oldid=1000373768, American chief executives of fashion industry companies, American chief executives of manufacturing companies, Players of American football from Maryland, University of Maryland, College Park benefactors, University of Maryland, College Park alumni, People from Georgetown (Washington, D.C.), Pages with non-numeric formatnum arguments, Articles containing potentially dated statements from June 2018, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, No. [7] That same year, Under Armour launched with several new apparel lines including ColdGear, TurfGear, AllseasonGear, and StreetGear. 21 on 50 Most Influential People in Sports Business by, No. Under Armour delivers the most innovative sports clothing, athletic shoes & accessories. Under Armour CEO Kevin Plank is stepping back from the position in 2020. Stephen Curry, the most valuable of the company's sponsorships, hinted that his loyalty to the company could be jeopardized if its actions do not reflect his values. List by sport include only, UA Fitness Performance Center and historic mural covering, Lorraine Mirabella, New York Daily News. Under Armour’s vision is to inspire you with performance solutions you never knew you needed and can’t imagine living without. [17], After its November 2013 acquisition of digital app maker MapMyFitness for US$150,000,000, in February 2015 Under Armour announced it had purchased the calorie and nutrition counting app maker MyFitnessPal for $475m, as well as the fitness app maker Endomondo for US$85,000,000. [7] In 1997, Plank had $100,000 in orders to fill and found a factory in Ohio to make the shirts. Official Site: Empowering athletes everywhere, Under Armour delivers innovative sports clothing, shoes, & accessories. [7] By the end of 1996, Under Armour had sold 500 Under Armour HeatGear shirts, generating $17,000 for the company. [14], The company is reported to be the major commercial sponsor for the reality TV show Duck Dynasty and has garnered attention for taking a stand supporting show "patriarch" Phil Robertson. [40] He was initially approached about creating a vineyard, but being a whiskey enthusiast he asked his business partner to research whiskey. favorite this post Jan 8 Under Armour Flex Pro Soccer Shin Guards - Mens Large - 14 Pairs! [7] After graduating from the University of Maryland, Plank developed his first prototype of the shirt, which he gave to his Maryland teammates and friends who had gone on to play in the NFL. As of 2014, Under Armour had an operating profit of more than 30%, accelerating from its 2013 pace. He started Under Armour in his grandmother's basement less than 20 years ago. They have different branches in their organization that specialize in each cause that Under Armour supports. [50], The company produces the Speedform shoe in a Chinese bra factory. About Under Armour. [53] The launch of this new brand follows Under Armour's recent quarterly earnings, resulting in $1.43 billion in revenue, which was flat in comparison to 2019. [49] Under Armour has come out with new styles for football uniforms. LIVE CHAT Mon-Fri 6.00 - 22.00 . [79][80] In August 2016 a video filmed by Bowmar, showing her husband spearing a bear and then rejoicing that he had hit it, went viral. Under Armour being smaller than Nike is unsurprising when one learns that it was founded in 1996. His first team sale came at the end of 1996 with a $17,000 sale. [6], As a fullback at the University of Maryland, Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however, he noticed that his compression shorts worn during practice stayed dry. As a business leader concerned with creating American jobs, I disagree with the decision to exit the Paris accord.[86]. Find the latest Institutional Holdings data for Under Armour, Inc. Class C Common Stock (UA) at Nasdaq.com. This 10-year deal was the largest of its kind in the history of college athletics and became effective July 1, 2014. Under Armour Sports Mask. Urban Armor Gear produces the most rugged, lightweight, cases that are drop tested to US Military Specs. [12], His roommate at Maryland was football player and professional wrestler Darren Drozdov. [11] Under Armour's first shirt was the #0037, which Plank sold from his car. Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. Under Armour’s first national television ad, the now-legendary Protect this House® commercial, featured former University of Maryland football standout Eric "Big E" Ogbogu. The family of the 37-year-old manager killed at an Under Armour Factory Store in Orlando Monday says she was a sweet and caring person. Mon - Sun: 24/7. This deal opened the door to a contract with NC State, Arizona State, and other Division I football teams. [5] Major competing brands including Nike, Adidas and Reebok would soon follow in Plank's footsteps with their own moisture-wicking apparel. [31][32], Under Armour has a partnership with PGA golfer Jordan Spieth, who has won three majors so far (the 2015 Masters, the 2015 U.S. Open and the 2017 Open Championship) and has recently launched his own golf shoe, "Spieth One. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. The ad generated close to $750,000 in sales. Patrik Frisk, recently appointed CEO of Under Armour, speaks at the 2020 Under Armour Human Performance Summit on January 14, 2020 in Baltimore, Maryland. Founded in 1996. He condemned the administration's ban on travel to and from seven primarily Muslim nations, adding "we will join a coalition of companies in opposition to any new actions that negatively impact our team, their families or our community."[85]. Shop Under Armour UA Outlet. Under Armour Stats. From his grandmother's basement, Plank moved to Baltimore. The expansion of Under Armour's product lines, such as TurfGear, AllseasonGear, and StreetGear put Under Armour at the forefront of the emerging performance apparel industry. [3] They have two children,[3] and live in Lutherville, Maryland. [27][28], Plank is a member of the board of trustees for the National Football Foundation. [30] The property was once owned by Alfred Gwynne Vanderbilt. [24], On December 5, 2016, Under Armour reached a 10-year agreement with Major League Baseball to become the official on-field uniform provider of the MLB, beginning in 2020. Under Armour is not owned by hedge funds. PHOTO: DON EMMERT/AFP via Getty Images Plank, 47, is also the most recognizable face … Under Armour, Inc. is an American sports equipment company that manufactures footwear, sports and casual apparel. Inside Under Armour’s Sales Scramble: ‘Pulling Forward Every Quarter’ Sportswear brand pushed early shipments, dumped goods at off-price chains to stay on growth streak, former executives say Southport, Queensland, Australia 147 connections Kevin Plank built Under Armour from scratch from his grandmother's basement in Washington. Learn More. [88] At present there has been no public statement from the company, and public debate seems to circle around the question of what is distinct about fireproof clothing, flammability, and risk of burn injury. He continued to use the "Cupid" name when he later launched his Cupid's Cup competition. Founder: Kevin Plank; Age at Founding: 24; Started In: 1996; Industry: Sports Apparel; Annual Revenue: $1.83BB in Retail Sales # of Employees: 5,900; Famous For: Creating a revolutionary new T-shirt built from microfibers that wicked moisture and kept athletes cool, dry, and light. Under Armour received its first big break in 1999 when Warner Brothers contacted Under Armour to outfit two of its feature films, Oliver Stone's Any Given Sunday and The Replacements. Under Armour's latest twelve months owner earnings is -$589.7 million... View Under Armour, Inc.'s Owner Earnings trends, charts, and more. [13], While at University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. (Exercise Science) USYD. $30 at Under Armour. Founded in 1996 by former University of Maryland football player Kevin Plank, Under Armour is the originator of performance apparel - gear engineered to keep athletes cool, dry and light throughout the course of a game, practice or workout. [38][39], Plank also founded the whiskey distillery Sagamore Spirit in 2013. [65][66], One of its most fiscally beneficial marketing strategies has been its collaboration with wrestler-turned-celebrity, Dwayne "The Rock" Johnson, who has become the face of the company since January 2016.[67]. [23], In July 2016, Under Armour leased the 53,000-square-foot (4,900 m2) space formerly occupied by FAO Schwarz on New York's Fifth Avenue; the store opening is planned for 2021. [12] As of February 2018, Forbes estimated his net worth at US$1.8 billion. [62], As of 2012, Under Armour was the sponsor of the Baseball Factory's "Premium Video Program", which holds more than 100 events for youth athletes across the United States annually. 16 on 50 Most Influential People in Sports Business by, No. [58], UA Give Back is Under Armour's effort to become involved in different facets of the world community. By Ryan Boysen. [16], The company, offering a reported US$250,000,000 over 10 years, also bid hard over Nike to sign NBA MVP Kevin Durant to an endorsement deal. How Under Armour Got Started FREE SHIPPING available in the UK. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. [8] Plank opted to use the British spelling "armour" in the company name because the toll-free vanity number was still available for that version.[9]. Shoes are Under Armour's fastest growing product line, growing 31% from 2011 to $239 million in sales in 2012. Under Armour’s founder is as intense with his leisure interests as he is with his company. Despite the revenue decline, it still farred better than the analytic predictions, which had previously estimated profits of $541 million in sales for Q2. [35][36] In July 2020, the company received Wells Notices from the U.S. Securities and Exchange Commission, Mr. Plank the Under Armour's CEO, David Bergman. [34] There are about 100 horses on Sagamore farm, with about 40 actively training as of July 2017. [61], "Kevin Plank donates $1 million to Baltimore Catholic schools", "How Kevin Plank turned a single idea into a global brand", "2003 Businessperson of the year: The man behind the 'armour, "Under Armour founder gives $16 million to St. John's College High", "How the founder of Under Armour went from getting kicked out of high school to running a $22 billion company", "From rags to microfiber: inside the rapid rise of Under Armour", "WWE's Darren Drozdov thrives 15 years after being paralyzed during match", "Five finalists chosen for Kevin Plank's Cupid's Cup competition", "Taking on the giants: How Under Armour founder Kevin Plank is going head-to-head with the industry's biggest players", "Kevin Plank is betting almost $1 billion that Under Armour can beat Nike", "20 things you didn't know about Under Armour", "Under Armour founder breaks into billionaires club", "Under Armour acquires weight loss app, MyFitnessPal, for $475 million dollars", "Under Armour Buys Apps in Bid to Become Top Fitness Tracker", "Kevin Plank Is Betting Almost $1 Billion That Under Armour Can Beat Nike", "Under Armour exits yet another school sponsorship deal as part of big shrink". 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