Under Armour is one of the leading competitors in the sports apparel market. It was founded in 1966 by Kevin Plank, the special teams captain of the University of Maryland football team. He set off to make a more breathable athletic shirt after he noticed that his cotton T-shirts were always sweaty following football practices. After graduation, he made a prototype and sent it to all of his teammates from Maryland and his NFL friends. With their feedback, Plank was able to perfect his moisture-wicking
Under Armour, started by CEO Kevin Plank in 1997, is an emerging company on the rise in the sports apparel industry. They compete against Nike and Adidas for control of the market. “A multiproduct strategy is an action plan the firm uses to compete in different product markets. Using a multiproduct strategy causes a firm to become more diversified” (Ireland). The primary reason for multiproduct strategies is to improve their performance. Under Armour’s particular strategy of Related Linked Diversification