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.

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.

The sportswear maker said some of its locations in Germany were searched in connection with an investigation into customs and tax-import compliance.

German authorities raided Adidas AG headquarters on Tuesday as part of a years-long tax investigation. The probe is looking at a five-year period starting in October 2019 and pertains to customs and tax regulations for products imported into Germany,

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

Adidas's headquarters in Germany were 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.