Who owns Under Armour?

Publish date: 2023-02-05

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.

Who owns the Under Armour brand?

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.

Does Dwayne Johnson own 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.

Is Under Armour a Nike company?

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.

Who owns the most shares of Under Armour?

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Under Armour. From our data, we infer that the largest shareholder is Kevin Plank (who also holds the title of Top Key Executive) with 14% of shares outstanding.

37 related questions found

Is Under Armour a private company?

Under Armour went public on November 17, 2005, trading at NASDAQ under “UARM” and becoming the first U.S.-based initial public offering in five years to double on its first day of trading.

How much of Under Armour does Kevin Plank own?

Plank owns approximately 15.5% of Class A and Class B stock, with 64.7% voting power, as of July 31. If Plank completes all planned sales of his Class C shares, he would own 13.5% of all outstanding Class A, B and C shares outstanding.

Is Under Armour Made in USA?

Under Armour products are produced worldwide with headquarters in the United States, where the founder, Kevin Plank currently resides. Under Armour products are made in over 154 countries and counting. Plans are underway to move major production, almost 16%, from China to other (mainly) Eastern nations.

Who is bigger Nike or Under Armour?

However, Nike is much bigger than Under Armour. Nike's total revenue in 2018 stood at $39 billion - almost 7.5 times more than Under Armour's $5.2 billion.

Who is the brand ambassador of Under Armour?

Under Armour announced on Monday a global partnership with actor and former professional wrestler, Dwayne “The Rock” Johnson. Johnson first announced the partnership via social media in October.

What brands does Dwayne Johnson own?

In October 2019, Dwayne Johnson announced that he was launching his own alcohol brand, Teremana Tequila. "TERA is meant to represent 'Terre' which means of the earth and MANA is our powerful Polynesian spirit that guides us. Spirit of the earth," he explained on Instagram.

How much does UA pay the rock?

for $2.5 billion last year.

What brand does the rock own?

Dress like the Rock! Dwyane Johnson is a hardworking man and he now just announced Project Rock's new football collection. Teaming up with Under Armour, Project Rock is a clothing line created by Johnson for the athlete who "plays hard and works hard" and is a look into Johnson's own fitness lifestyle.

Who are the stakeholders of Under Armour?

Under Armour About UA

We strive to listen to, and work with, all our key stakeholders: customers, employees, investors, policymakers, civil society organizations, business partners, and supply chain workers.

Does Tom Brady own Under Armour?

The Baltimore-based brand signed a multiyear deal with the quarterback in 2010. “Tom Brady represents a lot of what Under Armour is all about,” founder and CEO Kevin Plank said in a statement announcing the endorsement.

Who is Nike's biggest competitor?

Here are top Nike's competitors and alternatives:

Is Under Armour still popular?

Under Armour has overtaken Adidas this year in combined apparel and footwear sales to become the second biggest sports brand in the United States.

Should I invest in Nike or Under Armour?

The bottom line is Nike has a stronger competitive position and greater financial strength than does Under Armour. It has greater revenue growth and likely ranks as a better investment. With its direct-to-customer push, the sports giant is still outshining may top sports industry brands, including Under Armour.

Who manufactures Under Armour clothing?

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.

Does Under Armor use child labor?

Auditing Process The UA Supplier Code of Conduct explicitly prohibits the use of forced labor, child labor, slavery and human trafficking.

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.

Is Kevin Plank a billionaire?

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.

Who owns Under Armour Australia?

Under Armour set up an Australian subsidiary, led by William Phillips, two years ago and is taking advantage of existing relationships with landlords such as Westfield Group to secure 800 to 3000 square metre sites "in the best locations" in Sydney, Melbourne and Brisbane.

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