Adidas' headquarters in Germany was raided in connection with a tax investigation. Authorities are probing customs and tax regulations for products imported into Germany over a five-year period that began in October 2019.

Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday.

Criminal prosecutors and customs investigators raided Adidas’s headquarters in Germany for a second consecutive day on Wednesday, an escalation of a multiyear probe into suspected tax evasion by the sports brand potentially worth more than €1.1bn.

Investigators carried out searches at Adidas's headquarters for a second consecutive day, the Financial Times reported, the latest stage in a years-long probe of what Handelsblatt newspaper reported was 1.

German authorities raided Adidas AG headquarters 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,

Adidas AG headquarters in Germany was raided as part of a five-year tax investigation. The company said that multiple offices were probed, including its headquarters located in Herzogenaurach. The investigation,

Authorities conducted a raid at Adidas AG’s headquarters in Herzogenaurach, Germany, on Tuesday as part of an ongoing investigation into potential breaches of tax and customs regulations. The probe spans a five-year period starting in October 2019 and focuses on the importation of products into Germany.