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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.
Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. He was CEO from its founding until 2020 and returned as CEO in April 2024. [2] As of April 2023, his net worth was estimated at US$1.1 billion. [3]
Ryan Wood (born June 13, 1972) is co-founder of Under Armour, a manufacturer of sportswear, footwear and accessories based in Baltimore, Maryland. He also is a former American football fullback. He played college football at the Arizona State University.
It was once hyped as a worthy rival to Nike. But at present, Under Armour, founded by a 23-year-old former college athlete, is struggling to “just do it.”
Late Wednesday, Under Armour founder Kevin Plank — who has 65% voting control due to his stock ownership — planted himself back as CEO after stepping down in 2019.
The company also manufactures and distributes Under Armour and New Balance brand socks. [4] The company has approximately 44,000 employees worldwide, [1] and owns and operates manufacturing facilities in Rio Nance, Honduras [5] and the Caribbean.
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 ...
In 2012, Baltimore's Under Armour Inc. settled its trademark infringement lawsuit [15] against California-based Body Armor Nutrition LLC. The suit claimed that Bodyarmor used variations of Under Armour's name and logo to sell its sports beverage products. Terms of the settlement have not been disclosed.