Citing weak economic conditions, Adidas AG said it eliminated about 310 jobs at its Reebok subsidiary in North and Latin America.
The bulk of this week’s pink slips — 100 positions — were at the corporate headquarters in Canton, Mass., where 1,100 employees remain. The brand also cut 65 jobs in its Indianapolis office, which specializes in sports licensing, and 60 jobs in its Montreal outpost, housing Reebok Canada and Reebok CCM Hockey. More layoffs were made at other facilities.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"