These are the stories making headlines in fashion on Monday.
Marion Parke Is Shutting Down
After 10 years in business, Marion Parke is shutting down. Effective immediately, the brand is offering 25% off sitewide. “Founding and running this brand has been a dream marked by incredible friendships, partnerships and countless beautiful shoes worn by incredible women,” Parke said in a press statement. “I’m so proud of my team and of the many collaborators that supported us over the past 10 years. I’m also truly humbled that so many women trusted us and welcomed the brand into their wardrobes. It’s a bittersweet moment, and also time to turn the page.” {Fashionista inbox}
Nike Sued in Class Action Over Tariff Refunds
On Friday, a group of consumers sued Nike, accusing the retailer of failing to refund tariff-related costs. Nike reportedly raised prices on its products to offset the tariff hikes. However, after the Supreme Court ruled President Trump’s tariffs illegal, consumers argued Nike should not be able to keep the tariff-related overcharges. The retailer has not responded to the lawsuit. {Reuters}
Tiffany x CFDA Launches New Scholarship
Tiffany & Co. and the Council of Fashion Designers of America (CFDA) have expanded their partnership, launching a $25,000 scholarship and a summer internship opportunity for an emerging jewelry design student. The move builds on the success of the Tiffany & Co. x CFDA Jewelry Designer Award, which awards one emerging jewelry designer a $50,000 grant to help run their business and a one-year fellowship with the Tiffany design team. Applications for the Tiffany x CFDA Jewelry Design Scholarship open May 14. The 2026 Tiffany & Co. x CFDA Jewelry Designer Award program applications are open now through June 1. {Fashionista inbox}
Armani Considers Splitting Stake Sale
Italian daily la Repubblica reported that Armani is allegedly considering selling a 15% stake in three equal parts to L’Oréal, LVMH and EssilorLuxottica, according to uncited sources. The late founder Giorgio Armani stated in his will that he wanted an initial 15% stake of the company sold to major buyers within 12-18 months of his death. {Reuters}
Can Tariffs Effectively Address Forced Labor Violations?
President Trump is targeting forced labor as his latest avenue to impose global tariffs. If it takes effect, experts doubt it will adequately address the issue. Tariffs don’t require traceability or labor reforms, and it’s uncertain whether the cost of paying tariffs would exceed the cost of changing labor practices. {Vogue Business}
