Adidas investigates bribery allegations in China

June 17, 2024

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Adidas has launched an investigation into allegations of large-scale bribery in China after the world’s second-largest sportswear maker received a whistleblower complaint that accused senior staff of embezzling “millions of euros”, people briefed on the matter told the Financial Times. The anonymous letter, which claims to have been written by “employees of Adidas China” and was also briefly shared this month on Chinese social media platform Xiaohongshu, names several Chinese Adidas employees including a senior manager involved with Adidas’s marketing budget in the country, which the document said stood at €250mn a year. Financial Times