The “Wall Street Journal” had previously reported, citing an Insider, the US authorities investigated whether Under Armour have moved the sales from quarter to quarter, in order to appear more successful.
The group from Baltimore, defended his actions. “The company is firmly convinced that its accounting practices and disclosures were appropriate,” said Under Armour. At the same time, the group admitted that he answered since the July 2017 to requests from the authorities for Accounting practices.
, Under Armour has become a serious competitor for Adidas, Nike and Co
Under Armour spent years grown rapidly and has become a serious competitor for Adidas, Nike and Co. But in the last few years, the business is no longer running smoothly, the company wrote red Numbers. Last month, Under Armour founder Kevin Plank announced that the post of CEO next year after more than two decades at the top to submit.
On Monday afternoon, the want to submit to Under Armour, the Figures for the third quarter.