Under Armour terminates $280 million deal with UCLA

Under Armour Inc. is trying to get out of the record-breaking $280 million sponsorship deal it signed with UCLA in 2016. The decision to terminate the 15-year agreement comes as Baltimore-based Under Armour has been looking to cut costs after suffering a significant financial hit due to the Covid-19 pandemic and several years of declining sales in North America. (Balt Bus Journal)

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