This morning, July 6, we got a glimpse into findings from two major L’Oréal studies on pigmentation disorders and how hormones affect the skin, learned more about how Meta’s new Twitter rival Threads works, and explored how the rule against Biden’s student loan relief plan impacts consumer spending. Plus, Chanel’s new Brooklyn boutique opens today, offering curbside pick up, virtual appointments and remote ordering so you can have luxury products on speed dial. Read these stories, and more, in the links below.

L’Oréal Presents Pivotal Studies at World Congress of Dermatology. L’Oréal presented two influential studies — focusing on pigmentation disorders and the impact of hormones and on our skin and scalp — at the World Congress of Dermatology in Singapore that aim to break stigmatization for those suffering from various skin conditions. (WWD)

Retailers Brace For Impact From Student Loan Resumption. Retailers are preparing for the effects of the Supreme Court ruling against Biden’s student loan relief plan with projections for spending to be impacted. (Glossy)

Coty Raises Q4, FY 2023 Guidance. Coty held its first investor conference in Paris revealing it raised its fourth-quarter and full-year 2023 guidance, also noting that the financial outlook for the rest of the year increased significantly. (WWD)

Meta Will Nuke Your Instagram Account If You Delete Threads Profile. Meta’s new messaging platform Threads, meant to rival Twitter, can only be deactivated by deleting your Instagram profile. (TechCrunch)

Chanel Unveils Fragrance and Beauty Boutique in Williamsburg. As part of Chanel’s boutique strategy, the luxury brand opened its first brick-and-mortar in Brooklyn today, offering curbside pickup, remote ordering and virtual shopping appointments. (WWD)

Fred Segal Enters First Co-branded Beauty Collab With Hear Me Raw. LA-retailer Fred Segal partners with Hear Me Raw on co-founded skincare line, launching with four products that are vegan, cruelty-free and refillable. (Fashion Network)

Luxury Briefing: Are Luxury Products ‘Sustainable by Nature,’ Like Antoine Arnault Said? At last week’s Global Fashion Summit in Copenhagen, LVMH’s Antoine Arnault perhaps controversially stated that the sustainability element of luxury products is what makes them special; separating them from the rest of the industry. (Glossy)