The Armoury

The Armoury What's new with Baltimore sports apparel maker Under Armour
Under Armour appoints former PIMCO CEO to its board of directors

Under Armour announced Monday that Mohamed A. El-Erian has joined the board of directors for the Baltimore-based athletic apparel brand.

El-Arian is the former CEO and co-chief investment officer of fund manager PIMCO and currently serves as the chief economic advisor at Allianz, PIMCO’s corporate parent in Munich, Germany.

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Internal Under Armour review finds no wrongdoing by CEO Kevin Plank in Port Covington dealings

Under Armour founder and CEO Kevin Plank did not enrich himself improperly and ignore shareholders’ interests by seeking through his separate real estate firm to turn Port Covington into a waterfront community anchored by a new global headquarters for the athletic apparel brand, an internal review has found.

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Adrienne Lofton, a top Under Armour executive, is leaving the company, possibly for competitor Nike

Adrienne Lofton, one of Under Armour’s highest-profile executives, is leaving the company.

Lofton, senior vice president of global brand management, “has decided to pursue another opportunity outside of Under Armour,” the Baltimore-based athletic brand said in a written statement.

Adweek quoted two sources on Monday saying Lofton has accepted a post with Nike, Under Armour’s rival.

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Under Armour shares jump after it posts better than expected sales for second quarter

Under Armour shares rose Thursday after the company posted better-than-expected quarterly sales and said it is on track to become more efficient and strengthen its brand.

Sales growth of 8 percent, to $1.17 billion, for the April-to-June period topped the expectations of analysts, who had called for revenue of $1.15 billion. Sales were $1.09 billion in the same period last year.

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Sagamore Spirit to donate all proceeds of limited edition whiskey to Ellicott City flood relief, rebuilding efforts

Sagamore Spirit announced today that it is donating the proceeds from its limited release of rye whiskey to Ellicott City Partnership’s flood relief and rebuilding efforts, according to a press news release.

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Under Armour to sponsor Baltimore Pride Parade and outfit volunteers with PRIDE sneakers

Under Armour, a Gold-level sponsor of the Baltimore Pride Parade on Saturday, will outfit all parade volunteers with the PRIDE edition of its UA HOVR Sonic running shoes.

The Baltimore-based athletic apparel brand launched its first UA Pride collection of footwear and apparel on June 4, including a version of the HOVR Sonic.

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