[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. Plank initially began the business from his grandmother's basement in Washington, D.C.[5] He spent his time traveling along the East Coast with nothing but apparel in the trunk of his car. Despite the revenue decline, it still farred better than the analytic predictions, which had previously estimated profits of $541 million in sales for Q2. LIVE CHAT Mon-Fri 6.00 - 22.00 . KvK: 34237352 0000 VAT(UK): GB873001256. [48] Through his Cupid Foundation, Plank donated $5 million to help create the UA House at Fayette, an East Baltimore community center run by Living Classrooms. [7] In 2003, consumer sector focused private equity firm Rosewood Capital invested $12 million into the company. 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. As a result of the COVID-19 pandemic, Under Armour had to close its physical stores earlier that same year. This 10-year deal was the largest of its kind in the history of college athletics and became effective July 1, 2014. Following a 1999 in-ring accident which left Drozdov quadriplegic, Plank personally financed his customized wheelchair. favorite this post Jan 8 Under Armour Flex Pro Soccer Shin Guards - Mens Large - 14 Pairs! [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. 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. He stepped down from the council following President Trump's comments on violence in Charlottesville, Virginia, saying Under Armour "engages in innovation and sports, not politics". [37] The building was originally built in 1914 to store port cargo and later served as a community center and studio for the television series Homicide: Life on the Street; it closed in 1999. [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 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. FREE SHIPPING available on all UA Deals in the USA. [39], Products manufactured by Under Armour include athletic shoes,[40] t-shirts, jackets, hoodies,[41] pants, leggings, shorts[42] and accessories such as bags, gloves, caps and protective gear.[43]. It came about after J. [12] As of February 2018, Forbes estimated his net worth at US$1.8 billion. 37 on Businessperson of the Year list by, No. Under Armour Europe B.V. Stadionplein 10 1076 CM Amsterdam The Netherlands. [5], A turning point for him came late in 1999, when Plank used nearly all of Under Armour's money, and employees agreed to go without pay for a few weeks, so the company could take out a $25,000 advertisement in ESPN The Magazine. Under Armour was founded on September 25, 1996 by Kevin Plank, a then 24-year-old former special teams captain of the University of Maryland football team.Plank initially began the business from his grandmother's basement in Washington, D.C. In June 2018 a Facebook post and subsequent Reddit thread emerged stating that Under Armour clothing was flammable and resulted in severe burn injuries to a child. 4 on America's 20 Most Powerful CEOs 40 and Under, This page was last edited on 14 January 2021, at 21:00. 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. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. 26 on Power 100 Most Influential Designers, Influencers and Leaders in the Shoe Industry by, No. List by sport include only, UA Fitness Performance Center and historic mural covering, Lorraine Mirabella, New York Daily News. Under Armour Stats. The cups might break when hit, posing a risk of serious injury. Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. As of June 2014, Forbes estimates his fortune at $2.4 billion. Shop Under Armour UA Outlet. [12], His roommate at Maryland was football player and professional wrestler Darren Drozdov. Under Armour has a market capitalization of US$8.98b, so it’s too big to fly under the radar. [54], According to the Federal Election Commission, Plank has donated to both major U.S. political parties and to individuals of both parties. Leveraging the release of Any Given Sunday, Plank purchased an ad in ESPN The Magazine. [45], Plank is also active within the Baltimore and Washington, D.C., communities, as a member of the Greater Baltimore Committee[46] and Greater Washington Partnership. 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. [11] Under Armour's first shirt was the #0037, which Plank sold from his car. Today, his company is the biggest threat to the top spot in sportswear. $75. [16] He also attempted to name his company Body Armor, but efforts to trademark that name were also unsuccessful. [10] The same year, the company launched its first television commercial, which centered on their motto, "Protect this house. [37], Plank Industries also bought and revamped the water taxi in Inner Harbor. [34], In October 2019, Kevin Plank announced he would be stepping down by 2020, and COO Patrik Frisk would succeed him as CEO in January 2020. [2], Plank married Desiree Guerzon, in 2003. [37] The company had acquired approximately 235 acres in the area[36] and planned to build a mix of offices, residential areas, retail space, parks, boat launches and more. Kevin Plank, the sports apparel company’s founder and chief executive, and Patrik Frisk, its president and chief operating officer, needed to persuade Stephen Curry, the Golden State Warriors star and the company’s highest-profile endorser, not to leave the brand. [29], Plank bought the 630-acre historic Sagamore Farm in Baltimore County, Maryland, in 2007. How Under Armour Got Started His former home, when he put it up for sale, was the most expensive home on the market in Washington, DC. 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. [50], The company produces the Speedform shoe in a Chinese bra factory. [25][26], Plank announced his departure as CEO, in October 2019, and was succeeded, on January 1, 2020 by Under Armour COO Patrik Frisk. [78] Many historians and local Baltimoreons have expressed public outcry that the design should be reconsidered and the murals should be saved. "Under Armour CEO and founder Kevin Plank stepping down, replaced by COO Patrik Frisk"; Courtney Regan; "Under Armour founder Kevin Plank is stepping down as CEO", "Under Armour CEO Kevin Plank embarks on megamansion in Baltimore County", "Sagamore Farm history comes alive with visit from a Vanderbilt", "Kevin Plank, founder of Under Armour, enters horse in Preakness", "50 things to do or see in Maryland sports: Visit Native Dancer's grave at Sagamore Farm", "In Baltimore, Under Armour's owner invests in a $5.5 billion bet on his city", "Remaking Baltimore's waterfront, with a splash of whiskey", "Plank's Sagamore Development plans start-up hub in Port Covington", "Sagamore Spirit debuts its distillery in Port Covington", "Under Armour's Kevin Plank enters the whiskey wars", "Historic Recreation Pier reopens as Sagamore Pendry Hotel", "Sagamore unveils first new Baltimore water taxi, a historic Chesapeake throwback", "Kevin Plank donates $1 million to Baltimore's CollegeBound Foundation", "Kevin Plank's foundation funds summer jobs for Cherry Hill students", "Greater Baltimore Committee backs Port Covington TIF", "Transportation workforce development to be top priorities for Greater Washington Partnership", "Kevin Plank, Living Classrooms Foundation unveil UA House in East Baltimore", "Under Armour re-imagines a community center in East Baltimore", "Kevin Plank's Cupid's Cup picks College Park startup for top prize", "Plank giving $25 million for UM athletic, academic project", "Under Armour's Kevin Plank gives $16 million to high school alma mater", "The Most Expensive House in Washington D.C. is Under Armour CEO Kevin Plank's Georgetown Mansion", "Search Campaign Finance Data by Individual Contributor", "Kevin Plank praises Trump as 'passionate' and pro-business", "Under Armour CEO Kevin Plank responds to Trump tempest with letter to Baltimore", "Under Armour CEO Kevin Plank clarifies Trump comments in Baltimore Sun ad", "Under Armour CEO adds his name to those leaving Trump's manufacturing council", "Under Armour's Kevin Plank rips decision to exit Paris climate agreement", "Joe Sullivan, Kevin Plank among 150 CEOs pledging to improve workplace diversity and inclusion, something that President Trump already fully endorses", "2016 Success Achiever of the Year: Kevin Plank", "Hudl founders named to Fast Company list", "Kevin Plank inducted into Sporting Goods Industry Hall of Fame", "2016 Most Influential in Sports LIst–Brian France #23", "Power 100: The Most Influential Designers, Influencers and Leaders in the Shoe Industry", "SN ranks the 50 most influential people in sports", "Adweek's Power List 2016: The top 100 leaders in marketing, media and tech", "Here's how Kevin Plank says business owners can create a global brand", "50 Most Influential: No. Under Armour also produces American football, basketball[44] and soccer[45][46] uniforms, among other sports. [55] On CNBC's Halftime Report in February 2017, Plank commented on Donald Trump's pro-business philosophy, saying the president was a "real asset" to the business community. [10], However, he went to University of Maryland, College Park and walked onto the team there. Under Armour’s vision is to inspire you with performance solutions you never knew you needed and can’t imagine living without. [3][4] His father was a prominent Maryland land developer. Plank soon perfected the design creating a new T-shirt built from microfibers that wicked moisture and kept athletes cool, dry, and light. In other words, while Under Armour might not be Nike, it is nonetheless a corporation with a true international presence. The company's share price soared 62.5% that year. They were sold from January 2006 to March 2009. FREE SHIPPING available on all UA Deals in the USA. [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. Based on these numbers, Under Armour has updated its 2016 net revenues outlook to approximately $4.95 Billion (+25%). [52] In 2015, Plank pledged $16 million to St. John's College High School in Washington, DC, to fund athletics, academics and entrepreneurship initiatives. [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. [43], Plank donated $1 million through The Cupid Foundation to the Baltimore-based CollegeBound in 2016. Under Armour also had released a product with scent control technology in 2012 titled, "Under Armour Scent Control". Shop Under Armour UA Outlet. Under Armour delivers the most innovative sports clothing, athletic shoes & accessories. [40] He was initially approached about creating a vineyard, but being a whiskey enthusiast he asked his business partner to research whiskey. [11] In late 2007, Under Armour opened its first full-line full-price retail location at the Westfield Annapolis mall in Annapolis, Maryland. ", Marc Tracy for the New York Times. [26] Under Armour will replace Majestic, who has been MLB's uniform provider since 2004. Nike would instead become the on-field uniform supplier of the league. Learn More. They have different branches in their organization that specialize in each cause that Under Armour supports. [59], UA Power in Pink is an Under Armour program that promotes women using exercise and fitness to fight breast cancer. Contact us 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]. [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. Whatever you're shopping for, we've got it. In January 2016 Under Armour initiated a marketing campaign featuring women hunters including an American woman named Sarah Bowmar. Under Armour The sports-apparel brand Under Armour is booming, with the company on track to generate almost $4 billion in revenue in 2016. 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