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Reuters
Reuters
Business

Olympic sponsor fee for Japan retailer in bribery scandal was more than halved -Kyodo

Kyodo Aoki Holdings Japan Haruyuki Takahashi Hironori Aoki Issei Kato Tokyo Tokyo 2020
FILE PHOTO: General view shows the shop of Japanese retailer Aoki Holdings in Tokyo, Japan December 16, 2020. REUTERS/Issei Kato

The Tokyo 2020 Olympic sponsor fee for Japanese fashion firm Aoki Holdings was less than half the standard fee, news agency Kyodo reported on Thursday, one day after the arrest of the former Aoki chairman on suspicion of bribery.

To become a sponsor for the Tokyo 2020 Games, Aoki Holdings paid 500 million yen - less than half what other sponsors paid, according to the report.

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