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BUSINESS
By Jared S. Hopkins and Lorraine Mirabella | February 13, 2014
SOCHI, Russia - In the wake of disappointing results that have seen its speedskaters on the verge of their worst Olympic performance in three decades, U.S. Speedskating may change the one factor it controls - its race suit. Under Armour heralded the Mach 39 - the much-hyped suit the apparel company developed with the help of defense contractor Lockheed Martin - as the fastest speedskating suit in production. In Sochi, U.S. speedskaters have yet to win a medal. On Thursday, U.S. Speedskating took steps to cover a meshed area on the back of the suit worn by Heather Richardson, the top-ranked women's skater in the world who finished seventh in the 1,000 meters.
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BUSINESS
By Natalie Sherman | May 23, 2014
An Iowa-based real estate investment group has closed on a 352,850-square-foot Anne Arundel County warehouse occupied by Under Armour. The building, located at 7629 Gambrills Cove Road and known as Brandon Woods II, fetched $26.475 million from buyer Principal Real Estate Investors, according to a news release from real estate services firm CBRE, which arranged the sale. The last arms-length sale of the property occurred in 2000, when the property sold for $20.5 million. “The Under Armour tenancy, Class A quality of the building, and proximity to the Port of Baltimore combined to make this asset a highly desirable offering for the Baltimore-Washington Corridor market.
SPORTS
Sports Digest | August 25, 2013
Running Under Armour no longer title sponsor of Baltimore festival Under Armour, which has been the title sponsor of the Baltimore Running Festival for the past 10 years, will not sponsor this year's race, which will be held Oct. 12. The race is seeking a new title sponsor, Corrigan Sports Enterprises announced Saturday. Under Armour still will be involved as the event's official apparel provider and furnish every participant with the company's moisture-wicking performance shirts.
BUSINESS
By Lorraine Mirabella and Nayana Davis, The Baltimore Sun | February 21, 2014
Under Armour acted swiftly to move beyond the controversy over whether the brand's high-tech skinsuits were responsible for U.S. speedskaters' lackluster run at the Sochi Olympics. The Baltimore sports apparel maker renewed its sponsorship of US Speedskating through two more Winter Olympics in a deal announced Friday. "We want to make a big statement of coming back and saying we're going to put an eight-year commitment for two more Olympics to have athletes wearing and competing in Under Armour and hopefully winning lots and lots of medals," Under Armour founder and CEO Kevin Plank told CNN on Friday.
NEWS
By Colin Campbell, The Baltimore Sun | November 10, 2013
Baltimore police responded to a report of an armed person inside Under Armour's headquarters in Locust Point Sunday but later determined that the 911 call was a hoax, officials said. About a dozen Under Armour workers were evacuated after the call came in at 2:18 p.m. Sunday, police said. Police barricaded streets surrounding the company's campus for hours while a SWAT team swept each building room by room. Investigators said they believe the caller was not an Under Armour employee and had no association with the company.
BUSINESS
By Chris Korman, The Baltimore Sun | July 8, 2013
Because investors want to see growth, much of the talk surrounding Under Armour in the first half of the year focused on areas like women's gear and non-cleat footwear. The company's share of those arenas is still minuscule, its marketing efforts still in nascent stages. But Under Armour knows not to stray too far from the sport -- and the feel -- that helped it grow into a $2 billion a year enterprise. It also knew whose influence it wanted to infuse any new football campaign with: former Ravens linebacker Ray Lewis.
BUSINESS
By Jeff Barker and Lorraine Mirabella, The Baltimore Sun | August 21, 2014
Under Armour is working to land NBA superstar Kevin Durant as a pitch man — a sponsorship deal that could be one of the largest ever signed and give the Baltimore company a major inroad into the lucrative basketball marketplace. Signing the popular Oklahoma City Thunder forward, who grew up playing basketball in Washington and Maryland and still has family in the region, would be a coup for Under Armour as it tries to build its shoe business and boost its stature internationally.
SPORTS
By Bill Ordine and Bill Ordine,bill.ordine@baltsun.com | April 21, 2009
Two of the best-known sports brands in Maryland - Ripken Baseball Inc. and Under Armour - are forming a business alliance that will be unveiled at a news conference Wednesday at the Sports Legends Museum at Camden Yards. Ripken Baseball is a marketing and sales company headed by Orioles Hall of Famer Cal Ripken Jr. Under Armour is a global sports apparel and equipment company whose chief executive officer, Kevin Plank, is a former University of Maryland football player. While details of Wednesday's announcement were not disclosed, sources familiar with the new partnership said Under Armour will have a substantial presence at Ripken's baseball properties, which include three minor league franchises, in Aberdeen, Augusta, Ga., and Port Charlotte, Fla., and perhaps more importantly, at two youth training facilities in Aberdeen and Myrtle Beach, S.C. The Under Armour brand is particularly appealing to the youth market, the source said.
SPORTS
By Mike Klingaman and Mike Klingaman,mike.klingaman@baltsun.com | April 23, 2009
A baseball legend shook hands Wednesday with an athlete-turned-clothier, sealing a business deal they hope will benefit both. Cal Ripken Jr., the Orioles Hall of Famer who heads the marketing firm that bears his name, announced a five-year partnership with Under Armour Inc., the Baltimore-based performance apparel giant run by Kevin A. Plank, a former football player at the University of Maryland. Under Armour will outfit the minor league Aberdeen IronBirds as well as the 10 domestic teams taking part in the Cal Ripken World Series this summer.
SPORTS
By Ryan Bacic, The Baltimore Sun | August 6, 2014
The event at the Under Armour campus in Baltimore played out like a fashion show and felt like a pep rally - replete with a standing-room-only crowd, bass-pumping music, thundersticks, Ravens cheerleaders and dance moves by mascot Poe. The end result, though, was all charity. With one athlete from each team acting as a model, Under Armour and the Ravens on Wednesday revealed the new uniforms they're donating to the varsity football and girls basketball programs of all 24 Baltimore public high schools.
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