Under Armour Inc. said Karl-Heinz "Charlie" Maurath will retire on March 31.Maurath is Under Armour's chief revenue officer. He joined the company in September 2012 as president, international. Maurath was named chief revenue officer in November 2015, leading all global regions inclusive of North America, EMEA, Asia-Pacific and Latin America, as well as the global direct-to-consumer business. The company said during his tenure, Under Armour "successfully transitioned into a $5 billion global brand with revenue outside of North America growing at a 50 percent [compounded annual growth rate] and reaching 22 percent of total revenue."Kevin Plank, Under Armour's founder, chairman and chief executive officer, said, "Through proven and thoughtful leadership, Charlie's contributions to building our world-class sales organization have positioned our brand for sustainable, long-term growth."Patrik Frisk, president and chief operating officer, said Maurath's leadership has helped grow the company from selling product in other countries to an international business of "more than $1 billion in revenue."Under Armour's four regional leaders and the head of global retail will report directly to Frisk upon Maurath's retirement. Further, Paul Fipps, chief digital officer, will have oversight of the firm's global e-commerce business.The company has been reworking its management ranks under Frisk, who joined up in June to help turn around operations.Plank told investors recently that 2017 was a year in which the company was "reset" and that 2018 on a whole would provide a "more stable operating environment" for the brand.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion