On is a Swiss premium performance sportswear brand founded in Zürich in 2010 by Olivier Bernhard, David Allemann, and Caspar Coppetti, known for its patented CloudTec® cushioning technology. Listed on the NYSE (ONON) in 2021, the brand surpassed CHF 3 billion in net sales in 2025 and operates across 90+ countries with approximately 3,963 employees.