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On Holding AG (NYSE: ONON)

1 brand in the Ledger under this company.

Featured investigation

Worse on Purpose

Investigation · July 29, 2026

Same Shoe, Different Factory

Nike does not make Nike shoes. Four contractors it does not own build 59% of them. Adidas outsources almost 100%. The fastest-growing brand in running buys its shoes on individual purchase orders, with no commitment at all. Two majors still own a factory. Plus the ones still worth buying.

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Brands under On Holding AG (NYSE: ONON)