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Tag: Richard Branson

Under Armour CEO Kevin Plank steps down as CEO: How he got here

Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Kevin Plank built Under Armour from scratch in his grandmother’s basement in Washington, D.C. In its first full year in business, in 1996, Under Armour did $17,000 …

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Virgin Galactic, Under Armour spacesuit collection for space tourists

NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The companies are collaborating on a full line of spacewear for Virgin Galactic, which the companies claim as the first collection “created specifically …

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Virgin Galactic near public debut, growing business globally

Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. Branson confirmed that he will retain his majority stake even after the company lists, saying he has no plans to sell his shares. “I will retain control of the company,” Branson said. “I will keep roughly …

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