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Adidas headquarters raided in years-long tax investigation, company says
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Adidas headquarters raided in years-long tax investigation, company says
Dec 10, 2024 2:03 PM

Dec 10 (Reuters) - Authorities raided Adidas AG

headquarters in Germany as part of a years-long tax

investigation, a spokesperson from the company said on Tuesday.

Adidas said in a statement it has been in contact with

customs authorities for several years about the matter and is

providing them with documents and information.

The raid was first reported by Germany's Manager Magazine.

The investigation covers the period from October 2019 to

August 2024 and is related to compliance with customs and tax

regulations regarding the import of products into Germany, the

company said, adding it was cooperating with authorities.

The company said it continues to work closely with customs

authorities to clarify questions that have also arisen due to

different interpretations of German and European law.

"The company does not expect a significant financial impact

in connection with the investigation," Adidas said in a

statement.

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