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.