• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Adidas headquarters raided in years-long tax investigation, company says

by December 10, 2024
written by December 10, 2024

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

Adidas (OTC:ADDYY) said in a statement it has been in contact with customs authorities for several years about the matter and is providing them with documents and information.

The raid was first reported by Germany’s Manager Magazine.

The investigation covers the period from October 2019 to August 2024 and is related to compliance with customs and tax regulations regarding the import of products into Germany, the company said, adding it was cooperating with authorities.

The company said it continues to work closely with customs authorities to clarify questions that have also arisen due to different interpretations of German and European law.

“The company does not expect a significant financial impact in connection with the investigation,” Adidas said in a statement.

(Reporting Maria Martinez and Alexander Huebner in Berlin, and Urvi Dugar; Editing by Shreya Biswas and Rod Nickel)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.35%
next post
US court blocks Kroger’s $25-billion acquisition of grocery rival Albertsons

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Dockworkers on East and Gulf Coast to return to work after reaching agreement on wages
    • Alamos Gold misses Q4 gold production expectations, updates future guidance

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy