Because of the high ‘on’ margins: French accuse Federer of ‘financial greed’.

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“Le Monde” attacks Roger Federer! In an article published on Tuesday, the renowned French daily criticized the former tennis player’s business acumen and accused him of “unusual financial greed.” ‘On’ also comes across poorly in the report. The Swiss brand that the 42-year-old from Basel is involved with.

During his time as a player, Federer was able to avoid polemics. Thanks to his successes, his “inimitable playing style, his multilingual fluency and his usual politeness”, writes “Le Monde”. The French daily recalls that he “enjoyed an admiration bordering on veneration in Switzerland.” Although he did not serve in the military and did not occasionally apologize for the Davis Cup, his image never suffered.

The relationship with money

Federer ended his career in 2022. In the race for the title of best player of all time (“GOAT”), he has long been overtaken by his former rivals Rafael Nadal and Novak Djokovic, which is the recent controversy with ex-ski queen Lindsey Vonn back in memory. Above all, “Federer’s relationship with money has caused a stir in recent years,” writes Le Monde, pointing to his various partnerships, including with Credit Suisse.

To put Federer in a bad light, ‘Le Monde’ uses a ‘K-Tipp’ article from mid-January 2024. The subject there: the breathtakingly high “on” margins, which are of course a hit with the critics. The company produces in Vietnam. Swiss customers can buy the sneaker ‘Cloudtilt Loewe’ in the online shop ‘On’ for 445 francs; according to ‘K-Tipp’ the production ‘On’ costs 20 francs and 80 centimes. (Good)

Source : Blick