The Arena office building at the headquarters of sporting goods manufacturer adidas AG is reflected in an artificial lake.
Daniel Carman | Image Alliance | Getty Images
Adidas The company confirmed to CNBC in a statement that its German headquarters was raided on Tuesday in connection with a years-long tax investigation.
A spokesman said authorities were investigating customs and tax regulations for products imported into Germany over a period of approximately five years from October 2019 to August this year.
The company's headquarters offices in Herzogenaurach were searched, along with other locations. Adidas said it had provided investigators with relevant documents and information, and had been in contact with customs authorities regarding the matter over the past few years.
“The company does not anticipate any significant financial impact in relation to the investigation,” Adidas said in the statement.
The company said it “continues to work closely with customs authorities to clarify issues arising from different interpretations of German and European law.”
The tax investigation is the latest scandal to hit the sneaker maker following his disastrous split from Ye, the rapper formerly known as Kanye West, over anti-Semitic comments he made.
Additional details about the tax investigation were not immediately known. Shares rose slightly in extended trading.
