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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. [ 4 ] He spent his time traveling along the East Coast with nothing but apparel in the trunk of his car.
A few years later, some of these acquisitions would be divested by the next CEO. [26] 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. [27] [28] Plank announced his departure as CEO in October 2019, and was succeeded on January 1, 2020, by Under Armour COO ...
"Buildings and apparel lines are numbered either 96 (for the year he founded Under Armour) or 37 (for the number of KP’s college football jersey)," I wrote then. "One corridor at headquarters is ...
Under Armour's share price has plunged 87% since its 2015 record. This is a $6.71 stock now! The company's market cap stands at a paltry $2.90 billion, versus $42.3 billion for Lululemon and $138 ...
On May 18, 2017, Major League Baseball announced that the switch to Under Armour would take place in 2019, one year earlier than previously announced. [9] On January 25, 2019, Major League Baseball announced that Nike, not Under Armour, would replace Majestic as the official, on-field uniform provider for the league beginning with the 2020 season .
In under a year, AuctionWeb had sold over $7 million worth of goods, and in 1997, the company was renamed eBay. As of 2022, it had 1.7 billion product listings . Under Armour™, Inc.
Wood had met Kevin Plank while attending Fork Union Military Academy, and the two of them along with Kip Fulks co-founded the apparel company Under Armour. [5] Wood eventually decided to leave Under Armour after 10 years of being in charge of the company's sales and marketing efforts.
Plank has grown Under Armour—founded in 1996—from a moisture-wicking shirt maker for football players into a global brand with approximately $5.9 billion in annual sales and thousands of ...
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