Under Armour founder and CEO Kevin Plank has stopped work on the nearly 35,000-square-foot, eight-bedroom mansion he was building on the ridge of an historic estate in a rural part of Baltimore County.
Plans for what might be the biggest house in the state had raised concerns among conservationists and residents who want to protect the Green Spring Valley area from development.Read more
Under Armour human resources executive Kerry D. Chandler plans to leave the brand Nov. 2 to take on a similar role at Endeavor, a Beverly Hills-based talent agency focused on sports, entertainment and fashion.
“We thank Kerry Chandler for her partnership in building a world-class human resources organization,” Diane Pelkey, an Under Armour spokeswoman, said in an email Tuesday.Read more
Under Armour has signed Philadelphia 76ers center Joel Embiid to a sneaker endorsement deal, the Baltimore-based sports apparel maker announced Wednesday.
The company released no details of the endorsement. It is reportedly a five-year footwear and apparel deal that will make Embiid the highest-paid player at his position, according to ESPN, citing industry sources.Read more
As Under Armour continues to restructure in an effort to regain its momentum, the Baltimore-based brand tapped a veteran of Tommy Hilfiger as its new chief marketing officer.
Alessandro de Pestel most recently served as executive vice president of marketing, communications and consumer insights for Tommy Hilfilger Global/PVH Europe.Read more
Under Armour plans to slash its global workforce by 400 workers by early next year, a move the Baltimore-based brand said is necessary as it seeks to rejuvenate sales of athletic apparel and shoes in a market dominated by rival Nike.Read more
Under Armour could be hurt short-term by the Trump administration’s latest round of tariffs on Chinese goods, one analyst said Tuesday.
But the 10 percent duties on $200 billion worth of Chinese imports likely won’t have a long-term effect, said Camilla Yanushevsky, an equity analyst with CFRA Research in Rockville.Read more