News Briefs – Page 2
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News briefsChange again at Under Armour's helm
Under Armour (UA) founder Kevin Plank, the current Executive Chair of the Board, is set to again become President and CEO of the Baltimore, Maryland company on April 1. At the same time, Dr. Mohamed A. El-Erian, an independent UA director since 2018 and lead director since 2020, will become ...
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News briefsUnder Armour launches new basketball shoe
Under Armour is releasing the Futr x Elite, described by the brand as “the pinnacle footwear model” within its basketball portfolio and a shoe that “will redefine the category.” FUTR stands for “For Us To Rise,” to call together a community of basketball athletes striving for greatness on the court. ...
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News briefsUnder Armour appoints new managing director of EMEA
Under Armour has appointed Kevin Ross as the new Managing Director of Europe, the Middle East, and Africa (EMEA). In his new role, Ross is tasked with developing and executing a regional omnichannel growth strategy and delivering on-brand consumer experiences. The brand aims to achieve sustainable, highly profitable growth in ...
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News briefsCelanese and Under Armour develop new stretch fabric
Source: Under Armour At the Fiber Spinning Lab at The Nonwovens Institute, NC State University Celanese and Under Armour have joined forces to introduce a groundbreaking performance stretch fabric named Neolast. This material is poised to offer the industry a superior alternative to elastane, commonly known as ...
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News briefsUnder Armour opens two new stores in Italy with Oberalp
Oberalp Group, the exclusive distributor of Under Armour in Italy, has recently opened two new Under Armour stores in the country. There’s a new Under Armour Brand House at the new Merlata Bloom shopping mall near Milan since Nov. 15, with 140 sqm focusing on training, running and sportstyle. In ...
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News briefsUnder Armour opens its first London outlet store at The O2
Under Armour will be opening a 370-sqm unit at Outlet Shopping at The O2 in London in early December. Outlet Shopping at The O2 is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new store will be Under Armour’s 12th ...
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News briefsFoot Locker unveils new global marketing platform
Foot Locker has launched a new global platform called ”The Heart of Sneakers” in conjunction with a star-studded Christmas 2023 campaign to celebrate sneaker culture while demonstrating that the retailer plays an essential role as an originator and leader in the sneaker community. The The Heart of Sneakers theme will ...
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News briefsUA unveils first signature athlete with Curry Brand
Under Armour (UA) has announced the Sacramento Kings point guard, De’Aaron Fox, as the first signature athlete with Curry Brand on a new multi-year partnership. The 25-year-old NBA player has been sporting Curry Brand footwear throughout the 2022/23 season. In his new role, he will work closely alongside Stephen Curry ...
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News briefsUnder Armour appoints John Varvatos as Chief Design Officer
Source: Under Armour John Varvatos Under Armour has a new Chief Design Officer in fashion industry veteran John Varvatos, who will join the company on Sept. 11, 2023. Varvatos joined UA as a consultant earlier this year and brings his extensive expertise in style and form to ...
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News briefsUnder Armour announces extensive yarn sourcing deal
Under Armour has signed a Memorandum of Understanding with Hemp Black, a subsidiary of Australian biotech firm Ecofibre, which will see Hemp Black provide specialty yarn to the sportswear brand for use in its performance apparel. The agreement, covering an initial three-year period, will also allow Hemp Black to invest ...
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News briefsUnder Armour makes changes in the management team
As part of its “Protect This House” (PTH3) strategy first announced in May under new President and CEO Stephanie Linnartz, Under Armour has announced numerous executive changes as it moves to elevate design and products to re-accelerate growth in the U.S. and maintain positive momentum elsewhere in the world. ...
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News briefsUnder Armour cuts 50 corporate roles to optimize cost structure
Under Armour has cut 50 corporate roles across various units and functions in order to reduce expenses, Footwear News has reported. The impacted employees will receive severance, healthcare benefits and career support, the company said. Under Armour had a workforce of around 15,000 worldwide as of March 31, 2023, half ...
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News briefsAustrian Under Armour distributor files for bankruptcy
Austria’s Kronen Zeitung reported that the Upper Austrian sporting goods wholesaler BMM Sports GmbH filed for bankruptcy on May 8. The Linz-based company, which most recently held the general distribution for Under Armour in Austria, Hungary, the Czech Republic, Croatia, Slovenia and Slovakia, is facing a debt of €16 million, ...
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News briefsUnder Armour wins trademark lawsuit
Under Armour has won a trademark infringement lawsuit against Aditya Birla Fashion and Retail Ltd. Under Armour filed the lawsuit after it came across the defendant using the logo “Street Armor” on sports apparel. The Delhi High Court ruled that logos and motifs used by Aditya Birla Fashion and Retail ...
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News briefsNew Oxford Street store for Under Armour
Under Armour is to open a new store on London’s Oxford Street this summer, according to Drapers. The new location comes after the opening of three new stores in England: Two London-based Brand House stores at Westfield Stratford City and Battersea Power Station, as well as a flagship store in ...
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News briefsUnder Armour sued over midsole patents
Athalonz, LLC, a company that distributes golf and baseball shoes, has filed suit against Under Armour in the East Texas District Court, accusing the company of infringing patents on its Hovr, Curry 4 FloTro and Harper 7 models for specially shaped midsoles with variable foam density designed to provide wearers ...
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News briefsCurry receives $75 million in stock to remain UA ambassador
Stephen Curry received $75 million worth of stock from Under Armour (UA) last week as part of the compensation package following his appointment last week as president of Under Armour’s Curry Brand and his continued role as an ambassador for the company, according to a public SEC filing. The award ...
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News briefsUnder Armour opens new brand house in London
Under Armour has announced the opening of a new Brand House at Westfield Stratford City in London. This comes after the company reported a significant growth in the EMEA region in the third quarter of FY23. The company’s quarterly sales increased 32 percent (46% in constant currency). The deal is ...
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News briefsUnder Armour opens new flagship at Battersea Power Station
Under Armour opened its newest brand house in the U.K. at London’s Battersea Power Station on March 8. The new brand house features such features as changing rooms with interactive screens that allow customers to get instant support from teammates in the store. The store’s design incorporates Battersea Power Station’s ...
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News briefsUnder Armour announces three new brand stores in Britain
After reporting 33 percent growth in the EMEA region earlier this week, U.S. brand Under Armour (UA) has announced the opening of three new brand-owned stores in the U.K. over the next few months: Liverpool ONE, Liverpool: February Battersea Power Station, London: February Stratford Westfield, London: March ...
