Roger Federer No Longer a Billionaire After On Holding Shares Slump
Roger Federer is reportedly no longer a billionaire after shares in his sneaker brand, On Holding, experienced a significant slump. Analysts are defending the company despite the earnings decline.
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Moderate (37/100)Sources
Here’s how much Roger Federer is losing as On Holding says it is being disciplined on price
Apparel maker On Holding saw its shares slump in premarket trade as the Zurich-headquartered, U.S.-listed company guided to weaker-than-expected sales for the year.
By Steve Goldstein
Read full article →Roger Federer Is No Longer A Billionaire After Sneaker Brand Shares Slump
Federer’s net worth fell below $1 billion as the share price for On Holding fell 19% after missing net sales expectations.
By Zachary Folk, Forbes Staff
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