Adidas headquarters searched again in EU tax probe

Adidas's headquarters was raided for a second day as part of a €1.1 billion EU tax investigation focusing on alleged customs violations and tax irregularities.

Adidas raided for second day running in EU tax investigation, FT reports

Adidas is under investigation for possible tax evasion involving 1.1 billion euros, with authorities searching company headquarters and employee residences over customs breaches.

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

Authorities raided Adidas AG's headquarters in Germany as part of a tax investigation covering October 2019 to August 2024, with expected minimal financial impact.

STEPN GO and adidas launch First-Ever STEPN GO x adidas Physical Shoe Drop

STEPN GO partners with adidas to launch limited-edition Ultraboost 5 running shoes, transitioning from NFTs to physical products, emphasizing innovation in fitness and digital experiences.

Cactus pear is a crop with potential in Italy's parched south and beyond

Federer-backed On lifts annual sales forecast on strong holiday season demand

On Holding raised its annual sales forecast due to strong demand for new shoes, increasing its sales by 32.3%, while expanding its market presence and retail partnerships.

Temu considers joining European anti-counterfeit group

Temu may join an EU memorandum to combat counterfeit goods, amid pressure to improve product controls and compliance with EU regulations on online marketplaces.

Adidas reaches out-of-court settlement with rapper Ye

Adidas and rapper Ye have settled all lawsuits without any payments, ending a two-year dispute following the termination of their partnership over antisemitic comments.

Adidas shares rise on strong Q3 results

Adidas shares rose after solid Q3 sales growth, despite Yeezy-related challenges. Positive regional performance and reaffirmed guidance suggest strong outlook for 2024.

STOXX 600 inches higher led by banks; mixed earnings cap gains

European markets rose slightly as bank stocks gained from HSBC's earnings, though other poor reports tempered overall gains amid cautious sentiment ahead of the U.S. election.