Armour

Settlement Secured: Under Armour $434M Victory for Pension Fund Workers

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Aberdeen, Scotland – Lawyers representing a pension fund for workers in three Scottish councils have successfully secured a $434 million settlement from US sportswear company Under Armour. The North East Scotland Pension Fund (NESPF), which oversees a scheme for 71,000 workers from Aberdeen, Aberdeenshire, and Moray councils, accused Under Armour of making false statements about its products, resulting in financial losses for investors. The settlement, still pending court approval, comes just before a jury trial …

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**Under Armour CEO’s Struggle to Save Sinking Ship – Will He Sink or Swim?**

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New York, NY – Making the list of “worst CEO of all time” is no easy feat, as it requires a consistent track record of financial underperformance, incompetence, and an overall lack of success in the role. While the CEO of Sears, Eddie Lampert, holds the top spot on this infamous list, there is a new addition that has caught the attention of critics – Kevin Plank, the founder and CEO of Under Armour. Despite …

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**Stocks** Walmart, Under Armour, Canada Goose Post Better-Than-Expected Profits But Uncertain Outlooks Enrage Merchants

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New York, NY – Stocks opened unchanged today, showing stability in the market even as various companies reported their earnings. Retail giants Walmart, Under Armour, and Canada Goose all exceeded profit expectations, but their forecasts varied from cautious to disappointing. Walmart’s second-quarter earnings per share are expected to be around 62-65 cents, in line with analyst estimates despite a significant earnings beat. On the other hand, Under Armour and Canada Goose both issued lower guidance …

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**Restructuring**: Under Armour Plans Major Layoffs Costing Millions – Shares Drop 10%

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Baltimore, Maryland – Athletic apparel retailer Under Armour is facing a significant restructuring plan that is expected to result in employee layoffs and cost between $70 million and $90 million. The company has not disclosed the exact number of employees affected, but a portion of the funds will go towards employee severance and benefits. Following the announcement of the restructuring plan, Under Armour’s shares experienced a significant drop of about 10% during premarket trading. The …

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