The Adidas head office and other locations were searched due to Customs and tax issues. The investigation covers the period from October 2019, and the company cooperates with the authorities.

German authorities raided the head office of the sports company Adidas in Herzogenaurach and other offices. This is reported by Bloomberg, reports UNN.

Details

An Adidas spokesperson said in a statement that the investigation covers a five-year period starting in October 2019 and concerns Customs and tax regulations regarding products imported to Germany.

It is noted that Adidas has been communicating with customs authorities on this issue for several years and provides them with documents and information.

The company does not expect any significant financial consequences in connection with the investigation

— stated in the statement of Adidas.

For the Bloomberg information, Adidas has achieved good results with the help of CEO Bjorn Gulden, who has already signed a contract with the Puma SE company for the 2022 rock. At the same time, the company has bought a new set of cheap shoes for a boom in retro sneakers, such as Samba.

recall

Adidas removed a photo of Bella Hadid from an SL72 sneaker ad after criticism from Israel. The company has apologized for unintentionally linking it to the tragic events of the 1972 Olympics and will review its advertising campaign.