On Holding AG
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- David Allemann
- Full Time Employees
- 3,963
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- FOerrlibuckstrasse 190 Zurich ZH Switzerland 8005
- IPO Date
- Sep 15, 2021
- CIK
- 0001858985
- Website
- on.com
- Similar Companies
- Business
- On Holding AG develops and distributes premium athletic footwear, apparel, and accessories worldwide, focusing on high-performance running, outdoor activities, training, all-day wear, and tennis; its core products include CloudTec® cushioning technology shoes such as the Cloud 6, Cloudsurfer 2, Cloudswift 4, Cloudrunner 2, Cloud X 4, and Cloudboom Strike models, alongside apparel with moisture-wicking fabrics and ergonomic designs, performance accessories, and innovative offerings like the Cloudtilt with CloudTec Phase™ and Cloudpulse Next training shoes. Founded in 2010 by Olivier Bernhard, David Allemann, and Caspar Coppetti and headquartered in Zurich, Switzerland, the company operates in over 55 countries through independent retailers, distributors, direct-to-consumer online platforms, and nearly 50 owned stores, with the United States as its largest market, strong growth in Europe, Asia-Pacific acceleration including China, and emphasis on sustainability using recycled or renewable materials in top-selling styles. Recent developments include the unveiling of groundbreaking LightSpray™ technology for upper construction, expansion of the Onward resale program to pre-owned apparel, surpassing CHF 100 million in apparel net sales, record net sales of CHF 2.32 billion in 2024 with 33% constant currency growth, raised full-year 2024 guidance, projection of at least 27% growth in 2025 targeting CHF 2.94 billion, leadership transition with Martin Hoffmann assuming sole CEO role effective July 1, 2025 while founders shift to Executive Co-Chairmen roles until March 2026, and strategic partnerships with athletes like Zendaya, Iga Swiatek, and Roger Federer alongside a new synthetic fiber supplier alliance to reduce material costs by 15% under its 2024 sustainability roadmap.
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