Under Armour founder Kevin Plank is investing in a tiny luxury watchmaker in Towson through his Sagamore Ventures.
Sagamore announced Wednesday that it has taken a 25 percent stake in Towson Watch Co., run for 16 years by two prominent watchmakers who craft custom handmade timepieces that range in price from nearly $2,000 to more than $13,000. Terms of the deal were not disclosed, but Sagamore said it has an option to purchase the company over time.
Towson Watch fit the venture capital arm's focus on investing in growing businesses that make unique products in the Baltimore area and are poised to create jobs, Sagamore officials said. Towson Watch was founded in 2000 by...
The Under Armour logo outside the new store in Harbor East.