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Update: Market Chatter: On Holding Working on Football Products With LightSpray Tech in Focus

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(Updates with company's response in 3rd and 4th paragraph)

On Holding (ONON) is working on football products, with a focus on its LightSpray robotic shoemaking technology, Bloomberg News reported Thursday, citing the company's co-founder, Olivier Bernhard.

On Holding has already shown its interest in the football sector, Bernhard said, according to the report. The company signed on Swiss footballer Sydney Schertenleib in December for a collaboration on lifestyle and training products, the report noted.

"On is operating from a position of strength, with significant growth opportunities across its existing business," On Holding said in an emailed response to.

"We continue to see strong potential in our core categories and markets, while also evaluating opportunities in new sports, including major spectator sports such as football and others. We will share further details when there are concrete decisions to announce." the company added.

(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.)

Price: $36.76, Change: $-0.16, Percent Change: -0.43%

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