French soccer star Kylian Mbappé has ended his nearly 20-year partnership with Nike and signed with Swiss sportswear brand On. Mbappé will collaborate with On to design high-performance football footwear and apparel, marking On's entry into the soccer market. The move reflects Mbappé's desire for change and a closer connection with his gear amid the sport's increasing intensity. On also announced former player Thierry Henry as director of football and Sydney Schertenleib to help develop soccer apparel.
Kylian Mbappé's switch from Nike to On marks a significant shift in the sportswear landscape. On Holding AG shares rose 1.39% to USD 27.64 as of Sep 21, 2026 19:22 WIB on Pluang, reflecting investor interest in the brand's new soccer ambitions. Meanwhile, Nike's stock showed a modest 0.17% gain to USD 35.57, holding a market cap of $52.68 billion and a dividend yield of 4.62% at the same time.
