Sat.Jun 15, 2024

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Adidas China management embroiled in corruption probe, FT reports

Inside Retail

Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint that accused senior staff of embezzling “millions of euros”, the Financial Times reported on Sunday. The anonymous letter, which claims to have been written by “employees of Adidas China”, names several Chinese Adidas employees including a senior manager involved with the marketing budget in the country, which the document said stood a