UPDATE 1 — Swiss sportswear brand On signs French footballer Mbappé from Nike

(Changes sources, adds more details, shares) Sept 18 (Reuters) — Sportswear brand ON Holding has signed Kylian Mbappé as it enters the soccer market, snapping up the French player from Nike, the company said on Friday, sending its US-listed shares 5% higher in premarket trading. On, which along with other upstart brands has taken market share from an ailing Nike, plans to launch its first football boots in 2027, the company said. Nike did not immediately respond to a request for a comment. (Reporting by Juveria Tabassum in Bengaluru; Editing by Leroy Leo) ((Juveria.Tabassum@thomsonreuters.com;)