On Holding announced its first-ever $1 billion share buyback and set ambitious sales and margin targets through 2029 at its 2026 Investor Day in Zurich. The company aims for net sales of at least CHF 5.6 billion by 2029 with a 22% EBITDA margin, signaling strong confidence in its growth and profitability. This move caused On Holding's shares to surge 13%, while Nike saw a modest 2% rise, highlighting the stock-specific nature of the rally. Investors will watch On Holding's direct-to-consumer momentum and quarterly execution closely as the company pursues its long-term goals.
On Holding's shares jumped 13.18% to USD 30.92 on Pluang, reflecting strong investor interest following its ambitious targets and buyback announcement. Nike's stock also rose modestly by 1.47% to USD 36.63. These prices are as of Sep 22, 2026 21:01 WIB.
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 socce...
On Holding, a Swiss athletic shoe company, is expanding into the global football market by partnering with soccer star Kylian Mbappé, who leaves Nike after nearly 20 years. This marks On Holding's first venture into football cleats and apparel, lever...
Kylian Mbappé has ended his long-standing endorsement deal with Nike, which chose not to renew his contract, and signed with Swiss sportswear company On. This marks On's first major entry into football, alongside naming Thierry Henry as director of f...
French soccer star Kylian Mbappe has ended his 20-year partnership with Nike to join Swiss sportswear brand On, which is backed by Roger Federer. This move highlights On's ambition to expand into football, planning to launch its first football boots ...
Nike's stock has dropped 75% over five years, hitting a 12-year low, prompting CNBC anchor Joe Kernen to speculate that Berkshire Hathaway might consider buying the brand. Nike's market cap has shrunk to about $43.66 billion from a $264 billion peak ...
