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On February 4, 2015, MyFitnessPal was acquired by athletic apparel maker, Under Armour, in a deal worth $475 million. [8] MyFitnessPal had 80 million users at the time. [9] On May 4, 2015, MyFitnessPal introduced a premium subscription tier for its applications. [10]
Plank's company reached $1 billion annual revenue for the first time in 2010, and Plank became a billionaire in 2011, when his net worth was estimated at $1.05 billion. [22] Between 2014 and 2016, Under Armour spent close to $1 billion to acquire makers of activity- and diet-tracking mobile apps.
Under Armour has a partnership with PGA Tour player Jordan Spieth who they signed an endorsement with in 2013. [57] Spieth has won three majors to date (the 2015 Masters, the 2015 U.S. Open and the 2017 Open Championship) and has launched his own golf shoe, "Spieth One". [58] Under Armour has worked with Hollywood to boost its profile.
The share price of Under Armour is off by 85% since its 2015 record. The company's market cap stands at a paltry $3.45 billion, versus $59 billion for Lululemon and $153 billion for Nike, ...
NBA Golden State Warriors and a two-time Most Valuable Player (MVP) Stephen Curry (left) drives the ball during a drill with young players in Manila on September 5, 2015 while wearing Under Armour ...
Shares of Under Armour (NYSE: UA) slumped 9.6% on Tuesday as of 12:17 p.m. ET.. The athletic apparel and shoe company has had a tough few years, as growth stalled out and profits have taken a hit ...
In December 2015, in an interview with ... when I was chairman and Lululemon was worth twice as much as Under Armour, ... his net worth is estimated at $5.3 billion ...
In 2018, his total compensation at Under Armour was $6,285,000. [4] In October 2019, Plank announced that Frisk would become Under Armour's CEO in January 2020, while Plank would become executive chairman and brand chief. [14] In addition to being Under Armour's president and CEO, Frisk joined the company's board of directors. [15]