who owns under armour

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founder Kevin Plank

Is Under Armour owned by anyone?

Kevin Plank, Founder, and CEO. Patrik Frisk, President, and Chief Operating Officer.

Is Under Armor owned by Nike?

Conclusion. Nike and Under Armour are two different brands that manufacture sports accessories. Nike is the oldest company having a huge category range. Under Armour is the youngest company still expanding their category range.

Is Dwayne Johnson the owner of Under Armour?

The Rock does not own Under Armor. He signed a global partnership with the company to promote their brand internationally. Dwayne’s role at the Baltimore-based company is to support and drive brand awareness.Sep 13, 2021

Is Under Armour an American owned company?

Under Armour, Inc. Baltimore, Maryland, U.S. Under Armour, Inc. is an American sports equipment company that manufactures footwear, sports and casual apparel.

What does Under Armor stand for?

Much like the Rolex crown is a symbol of wealth and luxury, the Under Armour logo is a symbol of speed, strength, and athleticism. People are proud to wear clothing that displays the Under Armour logo because they see it as a message about their own lifestyle and interests.

Why is Under Armour so popular?

Under Armour’s original HeatGear and ColdGear are resonators. The biggest reason why it’s a resonator is because most of their original sales and contracts came as a result of word-of-mouth. Players loved the products so much they would tell those around them who would also benefit by wearing Under Armour.Jan 8, 2014

Who is Project Rock?

The latest collaboration to make you train harder

Similarly, as Dwayne Johnson is a popular actor who is known for his physicality, Project Rock is noted for its durable practicality under all circumstances. Project Rock was launched in 2019 and carries a full range of products for men, women and children.

Who manufactures Under Armour?

Substantially all of our products are manufactured by unaffiliated manufacturers. In 2016, our apparel and accessories products were manufactured by primary contract manufacturers, operating in 18 countries, with a majority of our apparel and accessories products manufactured in Jordan, Vietnam, China and Malaysia.

How much does UA pay the rock?

Sponsor money from sports clothing company Under Armour is even better, though: $25 million per year. Roughly speaking, that’s $40 million in the bag each year from two sponsor deals.Jan 19, 2017

Is Under Armour made in China?

For the last fiscal year, 50 primary manufacturers in 18 countries made Under Armour’s apparel products. Ten of those accounted for 57% of the company’s apparel and accessories products, and 68% were manufactured in Vietnam, Jordan, Malaysia and China.Dec 6, 2021

What is Under Armour made out of?

In terms of fiber use, over 80% of Under Armour’s materials are polyester-based (both virgin and recycled), which, by many measures, is more sustainable to produce than alternative fibers. Polyester may also reduce GHG emissions from consumer use.

Where is the headquarters of Under Armour?

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Who is the CEO of Under Armour?

Patrik Frisk, Under Armour’s current President and chief operating officer (COO), brings nearly 30 years of industry experience to his role, having formerly directed brands like The North Face and Timberland. He most recently served as CEO of multinational footwear company Aldo. Frisk joined Under Armour in June 2017, replacing Kevin Plank as President. According to an Aug. 15, 2018 filing with the SEC, Frisk owns 611,235 Class C shares of Under Armour, earning him the title of the company’s second-largest shareholder.

Who is the largest shareholder in Under Armour?

His academic qualifications include a Master of Business Administration from the University of Maryland. Plank is the largest Under Armour shareholder, with 33.8 million Class C shares owned indirectly through a series of trusts.

Is Under Armour competing with Amazon?

But like many retailers, Under Armour is struggling to compete with Amazon and other online retailers, resulting in disappointing earnings for much of 2018.

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What is Under Armour made of?

The Baltimore-based company made a splash with its lines of sportswear and accessories made from synthetic microfibers that help regulate body temperature and improve athletic performance.

Who is Harvey Sanders?

Under Armour’s fourth-largest individual shareholder, Harvey Sanders has been an independent director of Under Armour since November 2004. He previously served as the CEO and president of Nautica Enterprises Inc. between 1977 and 1993 and is a board member of the Boomer Esiason Foundation for Cystic Fibrosis, as well as the Starlight Starbright Foundation. Sanders also serves on the board of the University of Maryland College Park Foundation. According to an Oct. 1, 2018 filing with the SEC, Sanders owns 268,689 Class C shares of Under Armour.

What was the idea behind Under Armour?

The idea that led to Under Armour was sparked while playing for the Maryland Terrapins, Plank said he was the “sweatiest guy on the football field”. 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. After graduating from Maryland, Plank searched for synthetic materials that would keep athletes dry. Using a mix of his own cash, credit cards, and a Small Business Administration loan, he launched the business. Plank tried several prototypes before deciding on the one he wanted to use.

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How many acres did Plank own?

The company had acquired approximately 235 acres in the area and planned to build a mix of offices, residential areas, retail space, parks, boat launches and more. Plank also founded the whiskey distillery Sagamore Spirit in 2013.

How much did Plank donate to the University of Maryland?

In November 2014, Plank pledged $25 million to the University of Maryland to be used for the proposed athletics and academic complex. The project has converted Cole Field House, the school’s former basketball arena, into the football facility, a sports medicine center and student entrepreneurship lab.

Who is the founder of Under Armour?

Under Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike. Noticing his football teammates’ sweat-soaked shirts, Plank came up with a lightweight, sweat-wicking shirt using fabrics from women’s undergarments.

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Where is Under Armour’s headquarters?

He is building a 4 million-square-foot headquarters for Under Armour in Baltimore as part of a larger development called Port Covington.

Is Under Armour under investigation?

Sports-apparel maker , Under Armour, is the subject of federal investigations by the Department of Justice and the Securities and Exchange Commission over its accounting practices, according to the Wall Street Journal. Oct 24, 2019.

Does Under Armour own MapMyFitness?

Under Armour did note that it’s going to continue to own and operate the MapMyFitness platform, which includes MapMyRun and MapMyRide. It acquired that company in 2013, and the Under Armour line of connected footwear integrates with those apps for connected tracking of workouts.

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Who bought LiveU?

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Who owns Endomondo?

Endomondo, a social fitness network and publisher of mobile apps that allow users to track their workouts and challenge friends, and health tracker MyFitnessPal have been acquired by athletic apparel maker Under Armour, the company announced this afternoon.

What is Artemis Fund?

The Artemis Fund is a Houston-based firm built by three women with the goal of encouraging more women-led startups. The company launched in 2019 and has raised a $15 million initial fund, which clo…

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Who owns Simplilearn?

Blackstone acquires majority stake in Simplilearn for $250 million. Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million. Simplilearn operates an eponymous online bootcamp to help people l…

Who is Under Armour selling MyFitnessPal to?

Under Armour announced late last week that it is selling off MyFitnessPal to investment firm Francisco Partners for $345 million – a fair bit lower than the $475 million it paid for the connected fitness app and platform back in 2015.

When did MapMyFitness buy Under Armour?

On the other hand, MapMyFitness ( purchased in 2013 for $150 million) now stands as the primary digital player within Under Armour’s Connected Fitness business unit alongside the company’s connected footwear efforts.


Kevin Audette Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. As of October 2021, his net worth was estimated at US$1.8 billion.

Early life

Plank, a Roman Catholic, grew up in Kensington, Maryland, a suburb of Washington D.C., the youngest of five brothers born to William and Jayne (née Harper) Plank. His father was a prominent Maryland land developer. 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.


While at University of Maryland, Plank launched Cupid’s Valentine, a seasonal business selling roses on Valentine’s Day. Cupid’s Valentine earned $3,000, which Plank used as seed money for Under Armour. He continued to use the “Cupid” name when he later launched his Cupid’s Cup competition.
The idea that led to Under Armour was sparked while playing for the Maryland Terrapins; Plank s…


Plank donated $1 million through The Cupid Foundation to the Baltimore-based CollegeBound in 2016. The next year, his charitable arm funded 40 summer jobs for Cherry Hill, Baltimore, public school students in the maritime transport industry.
Plank is also active within the Baltimore and Washington, D.C., communities, as a member of the Greater Baltimore Committee and Greater Washington Partnership. He is also a member of the B…

Personal life

Plank married Desiree Guerzon, in 2003. They have two children, and live in Lutherville, Maryland. As of February 2018, Forbes estimated his net worth at US$1.8 billion.
Before living in Lutherville, he lived in the Georgetown section of Washington, DC. His former home, when he put it up for sale, was the most expensive home on the market in Washington, DC.
According to the Federal Election Commission, Plank has donated to both major U.S. political pa…


• Achiever of the Year by Success Magazine
• Most Creative People in Business by Fast Company
• Sporting Goods Industry Hall of Famer
• No. 16 on 50 Most Influential People in Sports Business by Sports Business Journal

External links

• Appearances on C-SPAN

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