The “Arena” workplace constructing on the headquarters of the sporting items producer adidas AG is mirrored in a synthetic lake.
Daniel Karmann | Picture Alliance | Getty Images
Adidas’ German headquarters was raided on Tuesday in reference to a yearslong tax investigation, the corporate confirmed to CNBC in a press release.
Authorities are investigating customs and tax laws for merchandise imported into Germany over a roughly five-year interval from October 2019 to August of this 12 months, a spokesperson mentioned.
Offices on the firm’s headquarters in Herzogenaurach, together with different areas, had been searched. Adidas mentioned it has offered investigators with related paperwork and knowledge and has beforehand been in touch with customs authorities concerning the matter over the previous a number of years.
“The firm doesn’t count on any vital monetary impression in reference to the investigation,” Adidas mentioned within the assertion.
The firm mentioned it “continues to work carefully with the customs authorities to additionally make clear points arising from totally different interpretations of German and European legislation.”
The tax investigation is the most recent scandal to hit the sneaker maker after its disastrous breakup with Ye, the rapper previously referred to as Kanye West, over antisemitic feedback he made.
No further particulars concerning the tax investigation had been instantly identified. Shares had been up barely in prolonged buying and selling.
