Adidas' headquarters in Germany was raided in connection with a tax investigation. Authorities are probing customs and tax regulations for products imported into Germany over a five-year period that began in October 2019.

Adidas AG faced a second consecutive day of raids by criminal prosecutors and customs investigators, intensifying a years-long tax investigation into the German sports brand.

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

The probe is looking at a five-year period starting in October 2019 and pertains to customs and tax regulations.

Authorities conducted a raid at Adidas AG’s headquarters in Herzogenaurach, Germany, on Tuesday as part of an ongoing investigation into potential breaches of tax and customs regulations. The probe spans a five-year period starting in October 2019 and focuses on the importation of products into Germany.

Investigators carried out searches at Adidas's headquarters for a second consecutive day, the Financial Times reported, the latest stage in a years-long probe of what Handelsblatt newspaper reported was 1.