Swiss sneaker maker On Holding shakes up leadership amid slowing growth
Co-founders to become co-CEOs as On prepares to enter its "next growth phase," the company said in a statement Wednesday.
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Latest on Sneaker maker
Newest firstSwiss sneaker maker falls 11% after record sales, as guidance falls short of expectations
On is entering thee third and final year of its strategy to double sales by 2026 in a quest to "be the most premium global sportswear brand."
Consumer
Nike bonds sell off, mirroring the sneaker maker's stock slide
There has been significantly more selling than buying in Nike's bonds, although investment-grade spreads have hardly budged.
