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Bloomberg Published December 11, 2024 Download
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Adidas headquarters raided in years-long tax investigation

By
Bloomberg Published
December 11, 2024

Authorities raided Adidas AG headquarters in Germany on Tuesday as part of a years-long tax investigation.

The probe is looking at a five-year period starting in October 2019 and pertains to customs and tax regulations for products imported into Germany, an Adidas representative said in a statement.

On Tuesday, authorities conducted a search at the sportswear company’s HQ in Herzogenaurach and other offices. Adidas said it has been in contact with customs authorities for several years about the matter and is providing them with documents and information.