VIENNA – Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported.
The Zurich – based company, founded 10 years ago, says it has special sole technology that is soft on impact and firm on the rebound, and it has been growing fast. It announced in November that Federer was ‘co-owner’. He has also helped advertise the brand and it has named a limited-edition sneaker after him.
On values itself at almost 2 billion francs ($2.1 billion), NZZ said, based on companies registry data showing that when the firm carried out a capital increase in February its share price was 8,884 francs and roughly 217,000 are in issue.
The company has made the first preparation for an IPO and they are still ‘at an early stage’, NZZ said, citing several independent but anonymous sources.
On was not immediately available for comment. NZZ said the company and Federed decline to comment for its article.
Saudi – Led Coalition Says It Intercepts Houthi Drone Fired At Southern Saudi Arabia
The Saudi – led coalition fighting Houthi forces in Yemen said on Tuesday it had destroyed an explosive drone fired towards Khamis Mushait in the south of Saudi Arabia. A military spokesman for the Iran – aligned Houthi group then said they had fired a drone at and hit Abha International Airpot, which is near … More Saudi – Led Coalition Says It Intercepts Houthi Drone Fired At Southern Saudi Arabia
Saudi Arabia’s Crown Prince, China’s Xi Discuss Cooperation In Phone Call
China’s President Xi Jinping told Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday that Beijing was willing to push its strategic partnership with Riyadh ‘to a new level’, the official Chinese Xinhua news agency reported. In a phone call, the two leaders discussed boosting cooperation in energy, trade and technology, Xinhua added. China’s crude … More Saudi Arabia’s Crown Prince, China’s Xi Discuss Cooperation In Phone Call
Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity
Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman have donated a total of $7.9 million (SR 30 million) to charity through the Kingdom’s Ehsan Platform, the Saudi Press Agency (SPA) reported on Friday. King Salman donated $5.3 million (SR20 million) for charitable and non – profitable works, while the Crown Prince contributed … More Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity
Prince Mishaal Bin Majed Appointed Adviser To The King Salman
King Salman on Thursday appointed Prince Mishaal bin Majed bin Abdulaziz Al Saud as adviser to the king, with the rank of minister, the Saudi Press Agency (SPA) reported. Prince Mishaal has been governor of Jeddah since 1997 and a member of the Allegiance Council since 2007. He is president of the governing council of … More Prince Mishaal Bin Majed Appointed Adviser To The King Salman
U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions
The Unites States on Thursday imposed a boar array of sanctions on Russia to punish it for election interference, cyber – hacking, bullying Ukraine and other ‘malign’ acts. The measures blacklisted Russian companies, expelled Russian diplomats and placed limits on the Russian sovereign debt market in steps sure to anger Moscow. Among the actions, President … More U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions
Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media
Britain’s Queen Elizabeth return to royal duties on Tuesday, four days after the death of her husband, Prince Philip, in an event to mark the retirement of her household’s most senior official, PA Media reported. The queen hosted a ceremony as the Earl Peel stepped down as Lord Chamberlain, the report added. Philip, who has … More Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media
Arab Coalition Destroys Houthi Drone Targeting Saudi Arabia
The Arab coalition destroyed a Houthi explosive – laden drone launched toward Saudi Arabia on Wednesday, Al – Ekhbariya reported. The drone targeting Jazan is the latest in a long line of attacks against the Kingdom by the Iran – back Houthi militia. The coalition said the attack is a continuation of the Houthi’s systematic … More Arab Coalition Destroys Houthi Drone Targeting Saudi Arabia
Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities
Saudi Arabia’s King Abdulaziz Center for World Culture (Ithra) is celebrating the holy month of Ramadan with a wide selection of cultural events and interactive activities. Ithra is offering visitors a chance to take part in events focused on national traditions and Saudi Arabian heritage, as well as different interactive workshops. The centre’s Ramadan program also includes a collection … More Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities
Reuters Names Alessandra Galloni As Its Next Editor – In – Chief
Reuters News has name one of its top editors, Alessandra Galloni, as it its next editor-in-chief, the first woman to lead the global – spanning news agency in its 170-year history. A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring this month after leading the newsroom for the past decade. … More Reuters Names Alessandra Galloni As Its Next Editor – In – Chief
Britain’s Prince Philip Has Died
Prince Philip, the husband of Queen Elizabeth who played a leading figure in the British royal family for almost seven decades, has died aged 99, Buckingham Palace said on Friday. The Duke of Edniburgh, as he was been y his wife’s side through her 69-year reign, the longest in British history, during which time he … More Britain’s Prince Philip Has Died
Loading…
Something went wrong. Please refresh the page and/or try again.
