Adidas is investigating corruption allegations in China. The German sportswear company said Monday it is probing potential compliance violations after receiving a letter alleging that senior executives in the country received millions of dollars in kickbacks from service providers. The investigation comes as Adidas seeks to revive its fortunes in China — which has been one of its most important growth markets — and reinvigorate the brand around the world. Read More...
Adidas is investigating corruption allegations in China. The German sportswear company said Monday it is probing potential compliance violations after receiving a letter alleging that senior executives in the country received millions of dollars in kickbacks from service providers. The investigation comes as Adidas seeks to revive its fortunes in China — which has been one of its most important growth markets — and reinvigorate the brand around the world.
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