On

On is targeting at least CHF 5.6 billion in revenue and an adjusted EBITDA margin of at least 22% by 2029. For 2026–2029 the company expects currency‑adjusted revenue growth in the high‑teens percent range per year and annual EBITDA growth of more than 20%; gross margin is to remain at least 65% on a sustained basis. At the same time, the board approved a share buyback of up to USD 1 billion through the end of 2029 and confirmed the outlook for 2026 (currency‑adjusted revenue growth in the low‑20% range; gross margin ≥65%; adjusted EBITDA margin 19.5–20.0%). » More on finanzen.net

Kylian Mbappé ends his partnership with Nike and will become a brand ambassador and contributor to product development at Swiss sportswear maker On. Thierry Henry was hired as "Director of Football" and is said to have helped secure Mbappé's signing. On's share price rose by around 8 percent after the announcement; financial details and the contract length were not disclosed; according to reports Mbappé will receive an equity stake. » More on manager-magazin.de

Swiss sportswear company On reached a landmark endorsement deal with Kylian Mbappé after Nike chose not to renew his contract, marking On's first major signing in football. The move comes with On naming Thierry Henry as director of football and signals the brand's push beyond running into the expensive football market. Analysts caution that establishing performance credibility in football will be costly and not guaranteed despite the high-profile partnership. » More on cnbc.com