Consumer
Adidas Is Investigating Bribery Allegations in China, FT Says
An Adidas AG advertising billboard in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Adidas AG has launched an internal investigation into allegations of bribery at its China business following a whistleblower complaint accusing senior staff of embezzlement, according to the Financial Times.
The anonymous letter named several Chinese employees, including a senior manager involved with Adidas’s marketing budget in the Asian country, the newspaper reported.