Adidas investigates a case of alleged corruption in China valued at a number of “millions of euros” | EUROtoday

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The German sportswear large Adidas is investigating a case of alleged large-scale corruption in China valued at a number of “millions of euros” that will contain native workers of the group, the Financial Times (FT) reported this Sunday.

According to the financial newspaper, a number of Chinese workers, together with a senior government, had been accused of corruption by different workers of Adidas China in a letter that was extensively disseminated on the social community. Xiaohongshu.

Among the accused is among the administrators of the corporate that handles Adidas' advertising price range in China.

In the doc, cited by FT, workers are accused of getting obtained bribes from suppliers.

An Adidas China supervisor is accused of getting obtained “millions in cash from suppliers, as well as real estate.”

According to the Financial Times, Adidas obtained a letter on June 7 warning the model of “possible violations” in China.

Adidas, which entered the Chinese market in 1997, had greater than 10,000 shops, based on the native press. However, in recent times the group has needed to face the rise of native manufacturers akin to Anta and Li Ning.


https://www.elmundo.es/economia/empresas/2024/06/16/666ea8cffc6c83337c8b457f.html