Caixin
Jun 27, 2024 03:55 AM
BUSINESS

Two Adidas China Employees Leave After Internal Graft Investigation

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What’s new: German sportswear giant Adidas AG said two employees from its China operation have left the company after a whistleblower letter prompted an internal investigation into alleged misconduct.

An employee from Adidas China’s marketing department was dismissed after the investigation found evidence of violations in the company’s code of conduct in dealings with local vendors, according to a company source.

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Explore the story in 30 seconds
  • Two employees from Adidas China left following an investigation into alleged misconduct prompted by a whistleblower letter.
  • One was dismissed for code of conduct violations with local vendors; the other, a senior marketing executive, left for failing to meet leadership expectations.
  • Adidas China, which posted an 8% sales increase to €900 million in Q1, will enhance training in communication and compliance.
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What Happened When
June 2024:
Adidas launched an investigation on its China operations after receiving an anonymous letter exposing potential compliance violations by some employees.
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