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19.12.25 - 22:18
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Kevin Plank, Goldman Sachs Exit Any Further Development Of Billion-Dollar Ghost Town (ZeroHedge)
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Kevin Plank, Goldman Sachs Exit Any Further Development Of Billion-Dollar Ghost Town
Under Armour founder and CEO Kevin Plank, along with Goldman Sachs, is stepping away from further development of Baltimore Peninsula, formerly known as Port Covington, a 235-acre mixed-use waterfront redevelopment project in South Baltimore. Originally pitched as a 14-million-square-foot mini-city anchored by a new UA headquarters, a new report says less than 10% of the planned project has been built.
Representatives for Plank's real estate development company, Sagamore Ventures, and its equity partner, Goldman Sachs, told the local paper, The Baltimore Banner, that they will remain owners of the current Baltimore Peninsula development but will exit the rest of the project, much of which remains underdeveloped.
"Baltimore Peninsula is becoming a dynamic, connected community that adds real momentum to South Baltimore and serves as a source of pride for Under Armour and the city," Plank told the outl...
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08.12.25 - 14:36
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Nike Beats Estimates by 81% While Under Armour Swings to Loss (24/7 Wall St.)
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Nike (NYSE: NKE) and Under Armour (NYSE: UA) reported recent earnings revealing two athletic brands moving in opposite directions. Nike beat estimates by 81% in Q1 FY2026 while fighting margin pressure. Under Armour missed by 116% in Q2 FY2026, swinging from profit to loss year over year. One Beat Big. One Collapsed. Nike reported $0.49 ... Nike Beats Estimates by 81% While Under Armour Swings to Loss
The post Nike Beats Estimates by 81% While Under Armour Swings to Loss appeared first on 24/7 Wall St.....
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05.12.25 - 12:45
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November in Review: 13 Top Consumer Press Releases (PR Newswire)
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A roundup of the most newsworthy consumer and retail announcements from PR Newswire, including BRACH'S candy cane opener, PetSmart's free pet photos with Santa and Curry's brand separation from Under Armour. NEW YORK, Dec. 5, 2025 /PRNewswire/ -- With thousands of press releases published......
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18.11.25 - 20:30
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Emails Reveal Under Armor Urged Maryland To Buy Horse Farm After No Buyers - Will Gov. Moore Return Favor? (ZeroHedge)
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Emails Reveal Under Armor Urged Maryland To Buy Horse Farm After No Buyers - Will Gov. Moore Return Favor?
The pattern emerging from Under Armour CEO Kevin Plank and his Maryland-based real estate ventures suggests mounting financial strain beneath the surface. This comes as UA shares have collapsed 48% year to date, trading near record lows, raising questions about Plank's sudden need for liquidity.
In February, we noted that Plank relisted his $18.5 million, 500-acre racehorse farm, Sagamore Farm, located in upper Baltimore County, just 15 minutes north of Towson, signaled a clear need for liquidity.
Plank purchased the farm in mid-2007 for $6.5 million, invested $22 million in upgrades, and still hasn't found a buyer.
In fact, the property, located just down the street from the Hunt Cup steeplechase race, has drawn so little interest that Plank's representatives have asked Maryland Gov. Wes Moore's office to consider purchasing the horse farm.
Local outlet The Baltimore Banner repor...
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