A tax inspector raid was conducted at the Adidas headquarters.

It has been reported that tax inspectors conducted a search at the headquarters of the German sports equipment manufacturer Adidas in Herzogenaurach.

In a statement from the company, it was confirmed that German authorities conducted searches at the headquarters in Herzogenaurach and other locations to ensure compliance with customs and tax regulations during the import of products into Germany.

GERMAN COMPANY DOES NOT MANUFACTURE IN GERMANY

The company noted that it continues to work closely with customs authorities by providing the necessary information and documents to clarify questions arising from different interpretations of German and European laws. While the investigation by German inspectors covers the period from October 2019 to August 2024, the company does not expect any significant financial impact related to the investigation. According to the German press, Adidas, the world's second-largest sports equipment company, hardly manufactures anything in Germany.

OUTSOURCING PRODUCTION

Most of the shoes and textile products are produced by contractors in Asian countries such as China, Vietnam, and Bangladesh. Manager Magazin reported on Tuesday that Bavarian tax inspectors and customs officials raided the headquarters in Herzogenaurach, the factory in Scheinfeld in Franconia, and the logistics center in Rieste near Osnabrück.