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BUSINESS

Fairfax Financial Acquires 22% Stake in Under Armour: What This Means for the Sportswear Giant’s Turnaround

In a significant development shaking up the athletic apparel industry, Toronto-based Fairfax Financial Holdings has acquired approximately 22% of Under Armour’s (NYSE: UAA) Class A shares, signaling strong investor confidence in the company’s ongoing restructuring. This strategic investment, revealed in early January 2026, aligns with Under Armour’s efforts to rebound from recent challenges like declining sales and fierce competition from…