The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MADISON, United States — Under Armour Inc. signed a 10-year deal worth more than $100 million to become the University of Wisconsin's official outfitter.
Under the terms of the deal, Under Armour will provide the Badgers with $96 million in cash and apparel, the university said in a statement Friday on its athletics website. The company will also guarantee $4.5 million in licensing royalties. Wisconsin’s current contract with Adidas AG expires June 1.
Wisconsin becomes Under Armour's third Big Ten Conference sponsorship, joining Northwestern University and the University of Maryland, the alma mater of founder Kevin Plank. The Baltimore-based company, which outfits 17 programs at college football's top level, also signed Notre Dame in 2014 to the richest apparel contract in NCAA history.
It is Adidas’s second major college loss of the year. The University of Michigan in July moved to Nike Inc. in an 11-year deal worth $169 million.
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The news comes one week after Nike’s exclusive negotiating window with the University of Texas, the country’s richest athletic department, expired. Nike, Under Armour and Adidas will all probably bid for the Longhorns contract.
By: Eben Novy-Williams; editors: Janet Paskin and Lisa Wolfson.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.