Watching On Holding AG; Co Denies Tiger Woods Partnership At 26th ICR Conference, Says "We Hope Tiger Finds A Great New Partner. It's Not Gonna Be Us."
Portfolio Pulse from Benzinga Newsdesk
On Holding AG, during the 26th ICR Conference, denied any partnership with Tiger Woods, expressing their hope that he finds a suitable new partner but confirming it will not be with them.
January 08, 2024 | 4:40 pm
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NEUTRAL IMPACT
On Holding AG publicly denied rumors of a partnership with Tiger Woods, which may affect investor sentiment and the company's stock price.
The denial of a partnership with a high-profile figure like Tiger Woods could have mixed effects on On Holding AG's stock. While some investors might be disappointed by the missed opportunity for brand enhancement, others may appreciate the company's transparency and focus on other growth strategies. The news is directly related to On Holding AG and is of moderate importance to investors, as partnerships can influence brand perception and growth potential. The confidence level is high due to the clear and direct statement from the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100