Market Chatter: On Holding Stock Jumps Over 7% on Mbappe Partnership, Henry Appointment

08:27 AM EDT, 09/18/2026 (MT Newswires) -- On Holding AG (ONON) stock jumped 7.30% in Friday's premarket trading after Bloomberg reported that the company has partnered with football star Kylian Mbappe to develop football products and represent the brand as the Swiss sportswear company expands into the sport. Mbappe will work with On to develop and test football boots and apparel, Bloomberg reported. The company also plans to use its LightSpray shoemaking technology in its football products. Mbappe previously represented Nike, according to Bloomberg. On also named former France and Arsenal player Thierry Henry as its director of football, Bloomberg reported. Financial terms of the partnerships were not disclosed, Bloomberg said. On Holding did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)