Who Owns Under Armour?

Essential Highlights

• Under Armour was founded by Kevin Plank in 1996.
• Kevin Plank currently serves as the company’s Executive Chairman and Brand Chief.
• Significant shareholders include institutional investors and mutual funds.
• Under Armour has experienced both highs and lows in its financial journey.

Table of Contents

1. Introduction
2. Founding and Early History
3. Current Ownership Structure
4. Key Figures in Under Armour
5. Financial Status and Market Presence
6. Future Projections
7. FAQs

Introduction

Under Armour is a globally recognized brand in the sports apparel and accessories market. Founded in 1996, the company has grown exponentially, making significant strides in innovation and brand positioning. But who really owns Under Armour? In this blog post, we dissect the ownership structure, providing insights into the key players behind the brand.

Founding and Early History

Under Armour was founded by Kevin Plank, a former University of Maryland football player. He started the company in his grandmother’s basement, aiming to create a t-shirt that would regulate body temperature and enhance athletic performance.

• 1996: Kevin Plank develops the first prototype.
• 1999: The company gains significant attention after being featured in the film “Any Given Sunday”.
• Early 2000s: Under Armour expands its product line to include footwear and other athletic accessories.

Current Ownership Structure

Today, Under Armour’s ownership is a complex blend of individual and institutional shareholders.

Major Shareholders

Kevin Plank remains a significant figure within the organization.
– He holds a large percentage of Class B shares, which come with more voting power.
– This allows him to maintain considerable influence over the company’s strategic direction.

Institutional Investors

Several institutional investors hold substantial shares in Under Armour.
– Notable entities include Vanguard Group and BlackRock, which contribute to the company’s financial stability.

For a detailed breakdown, visit WhoOwns.

Key Figures in Under Armour

Kevin Plank is not the only key figure in Under Armour. The executive team includes several other influential leaders.

Executive Team

• Patrik Frisk: CEO and President
• David E. Bergman: CFO

Board of Directors

The Board of Directors comprises individuals with diverse backgrounds in business, sports, and innovation.

Financial Status and Market Presence

Under Armour has had its share of financial ups and downs.

Recent Financial Performance

• Revenue: Reported $5.3 billion in annual revenue for 2022.
• Stock Performance: Under Armour’s stock has fluctuated, reflecting both market conditions and company-specific factors.

Market Position

Under Armour competes with giants like Nike and Adidas. Its strong focus on innovation and technology has helped it carve out a unique niche.

For more insights on the company’s market position, check out Fortune’s report.

Future Projections

The future looks cautiously optimistic for Under Armour.

Growth Strategies

• Product Innovation: Continued investment in smartwear and athletic tech.
• Global Expansion: Focus on growing market presence in Asia and Europe.

Challenges

Under Armour faces stiff competition and economic uncertainties.

For a comprehensive analysis of future trends, check out Harvard Business Review.

FAQs

Here are some frequently asked questions about Under Armour:

1. Who are the largest shareholders of Under Armour?
   • Major institutional investors include Vanguard Group and BlackRock.
2. Is Under Armour still owned by Kevin Plank?
   • Kevin Plank still holds a significant percentage of voting shares and remains a crucial figure in the company.
3. How does Under Armour compare to its competitors?
   • Under Armour competes closely with Nike and Adidas, focusing on innovation and technology.
4. What are the future goals of Under Armour?
   • The company aims to expand its global market presence and continue innovating its product line.
5. Has Under Armour faced any significant financial difficulties?
   • Yes, the company has experienced fluctuations in stock prices and revenue, influencing its overall market performance.

For more on who owns other companies, visit Who Owns.

By leveraging this comprehensive guide, you now have a detailed understanding of Under Armour’s ownership and its current market position. Stay tuned for more insights and updates on your favorite brands.