Adidas Investigates Corruption Allegations in China

Whistleblower letter accuses senior executives of embezzlement and kickbacks, prompting a thorough internal probe.

Adidas received an anonymous letter on June 7 detailing corruption by senior managers in China.
The allegations include embezzling millions of euros and receiving kickbacks from advertising agencies.
The company's Greater China marketing budget is reportedly €250 million annually.
Adidas shares fell following the news, reflecting investor concerns.
The investigation is ongoing with the involvement of external legal counsel.