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Roger Federer Buys Stake in Swiss Running Shoemaker, NZZ Reports

  • Investment prompted by end of tennis player’s deal with Nike
  • Shoemaker to release first Federer-developed model next year
Roger Federer

Roger Federer

Photographer: Martin BureauAFP via Getty Images

Twenty-time Grand Slam tennis champion Roger Federer has bought a stake in Swiss running shoe manufacturer On, a move prompted by the end of his contract with Nike Inc. and as he plans for life after professional tennis, Swiss Sunday newspaper NZZ am Sonntag reported.

“I am excited to be able to work with a young Swiss company that’s on the up,” Federer was quoted as saying in extract of an interview to be published on Sunday. Without disclosing the actual size of his investment, Federer, 38, said he has put a substantial amount into the nine-year-old Zurich-based company.