logo
On appoints former H&M CEO Helena Helmersson to board

On appoints former H&M CEO Helena Helmersson to board

Fashion Network24-05-2025

Swiss performance sportswear brand On has appointed Helena Helmersson as an independent member of its Board of Directors, as well as a member of the Nomination and Compensation Committee.
Helmersson joins On following a nearly three-decade career at H&M Group, where she served as chief executive officer from 2020 to 2024. She also previously held roles as chief operating officer, global head of production, and head of sustainability at H&M, between 2010 and 2020.
Helmersson also currently serves on the boards of Quizrr, a digital training company, and as a chairperson of Circulose, a textile-to-textile recycling company.
'I'm honored and excited to join On's board of directors. On's unique blend of innovation, performance, and impact creates something truly special. I look forward to working with the Board and the management team to help shape the future of this inspiring company as it grows to true scale,' said Helmersson.
David Allemann, co-founder and executive co-chairman of On, added: 'We are delighted to welcome Helena to On. Her exceptional track record in retail, operations, and purpose-driven leadership will be a powerful asset as we continue our journey to be the premium global sportswear brand. We're convinced she will play a pivotal role in shaping On's next chapter of global growth.'
The company also announced that Kenneth Fox, who has served on the board for seven years, will conclude his term at On's 2025 Annual General Shareholders' Meeting. Fox played a key role in guiding On's strategic direction, including its IPO in 2021.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump hails US-China tariff talks a 'total reset'
Trump hails US-China tariff talks a 'total reset'

LeMonde

time6 hours ago

  • LeMonde

Trump hails US-China tariff talks a 'total reset'

Senior US and Chinese officials met in Geneva on Saturday, May 10, in a bid to de-escalate a trade war sparked by President Donald Trump's sweeping tariff rollout and fueled by Beijing's strong retaliation. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer conferred with Chinese Vice Premier He Lifeng in the first such talks between the world's two largest economies since Trump slapped steep new levies on China last month. Trump praised the "very good" discussions and deemed them "a total reset negotiated in a friendly, but constructive, manner." He said in a Truth Social post Saturday evening in Washington, We want to see, for the good of both China and the US, an opening up of China to American business." He added: "GREAT PROGRESS MADE!!!" The discussions are expected to continue Sunday in Geneva. Shortly after 9:30 am on Saturday morning, Bessent, Greer and around a dozen more US delegates marched through the lobby of Geneva's luxury Intercontinental hotel, ignoring journalists' requests for comment before ducking into waiting cars and speeding off. The Chinese delegation left from another five-star hotel, the President Wilson on the shores of Lake Geneva, with large police contingents escorting the two convoys through the city, blocking all other traffic on their routes. The talks were then held in the sumptuous 18 th -century "Villa Saladin" overlooking Lake Geneva. The former estate was bequeathed to the Swiss state in 1973, according to the Geneva government. Tariffs imposed on the Asian manufacturing giant since the start of the year currently total 145%, with cumulative US duties on some Chinese goods reaching a staggering 245%. In retaliation, China slapped 125% levies on US goods, cementing what appears to be a near trade embargo between the world's two largest economies. Trump signaled on Friday that he could lower the sky-high tariffs on Chinese imports, taking to social media to suggest that an "80% Tariff on China seems right!" "The president would like to work it out with China.... He would like to de-escalate the situation," US Commerce Secretary Howard Lutnick told Fox News on Friday. Trump's press secretary, Karoline Leavitt, clarified that the US would not lower tariffs unilaterally, adding that China would need to make concessions as well. In any case, a move to that level would be a symbolic gesture, since the tariffs would remain prohibitively steep. Beijing has insisted that the United States must lift tariffs first and vowed to defend its interests. Bessent has said the meetings in Switzerland would focus on "de-escalation" and not a "big trade deal." The head of the Geneva-based World Trade Organization, Ngozi Okonjo-Iweala, said on Friday she welcomed the talks, calling them a "positive and constructive step toward de-escalation." A commentary published by China's state news agency Xinhua also noted that "The contact in Switzerland is an important step in promoting the resolution of the issue."

Guggenheim's Rosenfield revives Danish brand selling $450,000 watches
Guggenheim's Rosenfield revives Danish brand selling $450,000 watches

Fashion Network

time5 days ago

  • Fashion Network

Guggenheim's Rosenfield revives Danish brand selling $450,000 watches

Alex's background is in fashion and beauty marketing, and Andy is a philanthropist and the president of the financial services firm Guggenheim Partners LLC. The three timepieces represent the revival of a brand that traces its roots to 1773, when Danish watchmaker Jorgen Jürgensen started creating his own pocket watches—far away from the watchmaking heartlands of Switzerland and France. Later, his son Urban took over the helm. A master of mechanics and crafts, Urban built some of the finest pocket watches of the time. The company was handed down from generation to generation until the early 1900s, when it was sold and, in the ensuing years under several different owners, its popularity declined. The brand enjoyed a second renaissance when Swiss watch collector Peter Baumberger purchased the company in 1979 and brought British watchmaker Derek Pratt onboard to create beautiful pocket watches, some oval in shape (including the Pratt Oval, a rare masterpiece you can read about here) and others with teardrop-shaped lugs. In 1996, Baumberger hired cult Finnish watchmaker Kari Voutilainen to work on new movements for wristwatches. Those round wristwatches featured design aesthetics such as teardrop lugs, stepped bezels and small subsidiary seconds dials, embracing a Danish minimalistic, comfortable and functional design style. Voutilainen says he honed his unique finishing skills, the distinctive techniques that define his work, while at the company. Today, he's one of the most celebrated and award-winning independent watchmakers, known for his mastery of the art of engine turning dials by hand on vintage machines, for his incredibly complex finishes on movement parts and his complicated horological movements. While he was passionate about propelling the brand forward, Baumberger died in 2011, which ushered in a new set of owners and diminished demand. Then, four years ago, in 2021, watch collector Andy Rosenfield purchased the Urban Jürgensen brand (with a small group of investors), with the goal to propel it into a third golden age. Already an owner of several Voutilainen watches, Rosenfield brought Voutilainen onboard, along with his own son Alex, to act as co-chief executive officers. While the Rosenfields own 85% of the business, Voutilainen (and some family and friends) own the remaining 15%. Together the co-CEOs vowed to return Urban Jürgensen to its former glory but with a modern twist. 'Our goal is to take our Danish spirit and to create a brand that feels joyful and welcoming. The watches were designed by Kari to be appealing to both men and women,' says the elder Rosenfield. 'He designed a new case and lug shape for the watches that make them sit very comfortably on a smaller wrist.' The round cases are 39mm and 39.5mm in diameter and boast either shortened lugs or reinterpreted teardrop-designed lugs to fit nicely on the wrist. The new Urban Jürgensen watches are made in Switzerland. They're powered by in-house movements designed by Voutilainen and made in the Urban Jürgensen workshops in Biel. Two of the three watches are based on a preexisting Voutilainen caliber that's been adapted. It features a free-spring balance wheel with direct double-wheel escapement. Each is crafted in limited numbers. The UJ-1 watch, for instance, is built in a limited edition of just 75 pieces. Also referred to as the 250th Anniversary watch, it boasts a 39.5mm case and houses a complex gold movement with tourbillon remontoir escapement, which compensates for errors in timekeeping due to the effects of gravity and brings constant force for precision. The watch was inspired by the Pratt Oval, with details such as hand-guilloche finishes, an asymmetric minute track and a gold subsidiary dial. Retailing for 368,000 Swiss francs ($450,000), it's crafted in either rose gold or in platinum and features a hand-finished dial in silver or gray. Three combinations will be offered in runs of 25 of each. The plan is to create just 75 each of the other two watches as well. The UJ-2 watch (105,000 francs) is an elegant time-only watch. Created in cooperation with another top independent watchmaker, Andreas Strehler, the UJ-3 is a perpetual calendar with an instantaneous jump mechanism at midnight that keeps the moonphase accurate to within one day every 14,000 years. It retails for 168,000 francs. The brand expects to make fewer than 100 watches in its first year, then double that in the next. Unlike Voutilainen's namesake brand, which makes about 60 watches a year, Rosenfield says Urban Jürgensen will aim to steadily grow over the course of years, focusing on developing new complications. Currently, the watches are only available directly to consumers online. 'This collection is a tribute to Urban Jürgensen and his unique and extraordinary legacy. It's rooted in everything that defines who we are: precision, artistry, and a profound respect for the value of time,' says Voutilainen. 'We want to keep the brand rare, and while we want to grow it, we can't grow too fast. We want to keep building the most sophisticated movements and create watches with a soul.'

Guggenheim's Rosenfield revives Danish brand selling $450,000 watches
Guggenheim's Rosenfield revives Danish brand selling $450,000 watches

Fashion Network

time5 days ago

  • Fashion Network

Guggenheim's Rosenfield revives Danish brand selling $450,000 watches

Alex's background is in fashion and beauty marketing, and Andy is a philanthropist and the president of the financial services firm Guggenheim Partners LLC. The three timepieces represent the revival of a brand that traces its roots to 1773, when Danish watchmaker Jorgen Jürgensen started creating his own pocket watches—far away from the watchmaking heartlands of Switzerland and France. Later, his son Urban took over the helm. A master of mechanics and crafts, Urban built some of the finest pocket watches of the time. The company was handed down from generation to generation until the early 1900s, when it was sold and, in the ensuing years under several different owners, its popularity declined. The brand enjoyed a second renaissance when Swiss watch collector Peter Baumberger purchased the company in 1979 and brought British watchmaker Derek Pratt onboard to create beautiful pocket watches, some oval in shape (including the Pratt Oval, a rare masterpiece you can read about here) and others with teardrop-shaped lugs. In 1996, Baumberger hired cult Finnish watchmaker Kari Voutilainen to work on new movements for wristwatches. Those round wristwatches featured design aesthetics such as teardrop lugs, stepped bezels and small subsidiary seconds dials, embracing a Danish minimalistic, comfortable and functional design style. Voutilainen says he honed his unique finishing skills, the distinctive techniques that define his work, while at the company. Today, he's one of the most celebrated and award-winning independent watchmakers, known for his mastery of the art of engine turning dials by hand on vintage machines, for his incredibly complex finishes on movement parts and his complicated horological movements. While he was passionate about propelling the brand forward, Baumberger died in 2011, which ushered in a new set of owners and diminished demand. Then, four years ago, in 2021, watch collector Andy Rosenfield purchased the Urban Jürgensen brand (with a small group of investors), with the goal to propel it into a third golden age. Already an owner of several Voutilainen watches, Rosenfield brought Voutilainen onboard, along with his own son Alex, to act as co-chief executive officers. While the Rosenfields own 85% of the business, Voutilainen (and some family and friends) own the remaining 15%. Together the co-CEOs vowed to return Urban Jürgensen to its former glory but with a modern twist. 'Our goal is to take our Danish spirit and to create a brand that feels joyful and welcoming. The watches were designed by Kari to be appealing to both men and women,' says the elder Rosenfield. 'He designed a new case and lug shape for the watches that make them sit very comfortably on a smaller wrist.' The round cases are 39mm and 39.5mm in diameter and boast either shortened lugs or reinterpreted teardrop-designed lugs to fit nicely on the wrist. The new Urban Jürgensen watches are made in Switzerland. They're powered by in-house movements designed by Voutilainen and made in the Urban Jürgensen workshops in Biel. Two of the three watches are based on a preexisting Voutilainen caliber that's been adapted. It features a free-spring balance wheel with direct double-wheel escapement. Each is crafted in limited numbers. The UJ-1 watch, for instance, is built in a limited edition of just 75 pieces. Also referred to as the 250th Anniversary watch, it boasts a 39.5mm case and houses a complex gold movement with tourbillon remontoir escapement, which compensates for errors in timekeeping due to the effects of gravity and brings constant force for precision. The watch was inspired by the Pratt Oval, with details such as hand-guilloche finishes, an asymmetric minute track and a gold subsidiary dial. Retailing for 368,000 Swiss francs ($450,000), it's crafted in either rose gold or in platinum and features a hand-finished dial in silver or gray. Three combinations will be offered in runs of 25 of each. The plan is to create just 75 each of the other two watches as well. The UJ-2 watch (105,000 francs) is an elegant time-only watch. Created in cooperation with another top independent watchmaker, Andreas Strehler, the UJ-3 is a perpetual calendar with an instantaneous jump mechanism at midnight that keeps the moonphase accurate to within one day every 14,000 years. It retails for 168,000 francs. The brand expects to make fewer than 100 watches in its first year, then double that in the next. Unlike Voutilainen's namesake brand, which makes about 60 watches a year, Rosenfield says Urban Jürgensen will aim to steadily grow over the course of years, focusing on developing new complications. Currently, the watches are only available directly to consumers online. 'This collection is a tribute to Urban Jürgensen and his unique and extraordinary legacy. It's rooted in everything that defines who we are: precision, artistry, and a profound respect for the value of time,' says Voutilainen. 'We want to keep the brand rare, and while we want to grow it, we can't grow too fast. We want to keep building the most sophisticated movements and create watches with a soul.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store