Adidas Investigates Bribery Allegations Among Senior Staff in China

The German sportswear giant probes claims of embezzlement and kickbacks following an anonymous whistleblower complaint.

The allegations involve senior employees accused of receiving millions in cash and real estate from suppliers.
Adidas received the whistleblower letter on June 7 and is conducting an intensive investigation with external legal counsel.
The company has not disclosed further details until the investigation concludes but emphasizes its commitment to compliance.
The letter, purportedly written by Adidas China employees, was initially posted on Chinese social media but has since been removed.
Adidas experienced an 8% growth in China sales in the first quarter, despite recent challenges in the market.