These are the stories making headlines in fashion on Thursday.
TSG Consumer Acquires Majority Stake in Saltair
Private equity firm TSG Consumer is acquiring a majority stake in Saltair, the body-care brand founded by Iskra Lawrence in 2022. Following the transaction, Lawrence will serve as chief community advocate. “Partnering with TSG marks the next chapter: they share our ambition and bring the experience to propel this business to new heights,” Saltair CEO Rachel Shelowitz said in a statement. {Business Wire}
Ray-Ban AI Glasses Drive Growth for EssilorLuxottica
EssilorLuxottica’s group revenues rose by 9.7% in the first half of 2026, with its Q2 revenues growing by 8.7%. The group’s Q2 sales were bolstered by “AI-powered wearables” from Ray-Ban and Oakley, which nearly doubled in revenue in Q2. Broken down by region, North America, EMEA and Latin America were up by high-single digits in Q2, while Asia-Pacific was up by double digits. {EssilorLuxottica}
Lola Tung Is Coach’s New Global Ambassador
Photo: Ben Rosser/Courtesy of Coach
Coach has named actor Lola Tung as its new global ambassador. Tung will star in global campaigns for Coach watches and eyewear, and also star as the face of Coach Forever, a new fragrance franchise launching in June 2027. “I’ve always admired how Coach encourages people to express every side of who they are with confidence and authenticity,” Tung said in a statement. “I’m looking forward to collaborating with the team and bringing my own point of view to what we create together.” {Fashionista inbox}
Prada Group’s Net Revenue Rises 16% in H1 2026
Prada Group reported net revenues of €3.05 billion ($3.51 billion) in the first half of 2026, up 16% year-over-year, while its Q2 net revenues rose by 7%. Retail sales were up by 3% at both Prada and Miu Miu. All regions except the Middle East reported quarter-on-quarter gains. Versace, Prada Group’s newer addition, recorded net revenues of €305 million ($351 million). {Prada Group}
Quince Achieves $2 Billion in Sales
Quince, the factory-direct company founded in 2019, has surpassed $2 billion in sales over the last 12 months, WWD reported. Quince previously pegged its revenues at over $1 billion for 2025. This announcement follows Quince closing on a $500 million series E funding round in March, which valued the company at $10.1 billion. {WWD/paywalled}
Adidas Reports Record Net Sales in Q2 2026 & Names New CFO
In Q2 2026, Adidas achieved record net sales of €6.7 billion ($7.72 billion), powered by a 14% boost in currency-neutral revenues. On the heels of its World Cup activations, Adidas saw a 25% uptick in DTC growth, with double-digit increases across all markets. The company has increased its top-line outlook for the full year 2026, with revenues now expected to grow between 9% and 10%. Adidas also appointed Birgit Kretschmer to the company’s executive board, effective Sept. 1. She will succeed Harm Ohlmeyer, a nearly 30-year Adidas veteran, as chief financial officer at the end of the year. Kretschmer is returning to Adidas, where she spent 25 years in different leadership roles across the company. {Adidas; Adidas}
