Adidas Headquarters Raided Over Customs and Tax Compliance Investigation

German authorities are probing alleged irregularities in the company's import practices from 2019 to 2024, with Adidas cooperating fully.

German customs and tax authorities searched Adidas' headquarters in Herzogenaurach and other locations, including a factory and logistics center.
The investigation focuses on compliance with customs and tax regulations for imported goods between October 2019 and August 2024.
Adidas has been in ongoing discussions with customs authorities for years regarding differing interpretations of German and EU regulations.
The company has stated it is cooperating with investigators and does not anticipate significant financial repercussions from the probe.
Adidas primarily manufactures its products in Asia and has been addressing this long-standing issue with relevant authorities.