Published On: Sun, Oct 19th, 2014

Karen Katz Sells Apt for $3.15 Million Joins Under Armour Board

930 Fifth Avenue

Neiman Marcus President and CEO Karen Katz is selling her Fifth Avenue Coop on Manhattan’s Upper West Side for $3.15 million as she joins the board of clothing maker Under Armour.

Located at 930 Fifth Avenue by 74th Street, Katz’s recently renovated apartment has 2 bedrooms and 3 bathrooms. There are oversized windows with a view of Central Park.

Opened in 1940, the building which was once home to Woody Allen has a doorman, elevator operators and a fitness center. Its apartments range from studios to 10 rooms. The marble lobby is fully renovated.

Meanwhile, the Baltimore based manufacturer of specially designed garments that do not absorb sweat and as such are popular with athletes, Under Armour, announced last Thursday that Katz has joined its board. Under Armour now provides the official uniforms for just about every sports franchise in America.

Kevin Plank, Under Armour’s Chairman and CEO said in a statement, “We are thrilled to welcome Karen Katz to our Board. Karen brings a wealth of retail knowledge and a keen understanding of the customer shopping experience across channels. With her experience leading an iconic retailer known internationally for luxury brands and superior service, Karen will be a great asset to our board as we continue to expand UA’s presence across the globe.”

Katz said, “I have admired Kevin Plank and Under Armour from afar. He has assembled an impressive team. I am honored to join the Under Armour Board, and look forward to seeing how a founder and CEO operates a dynamic and fast-growing company known for innovation and its competitive edge.”

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