Guerlain

Wealthy shoppers looking for exclusive beauty products and bespoke experiences have been underserved. But that may change soon, according to The State of Fashion: Beauty.

Entrepreneurs are using exotic botanicals from Australia to create unique scents that attract the attention of global retailers and perfume giants like Guerlain, LVMH and Estée Lauder.

The luxury group's perfume and makeup facilities will, from Monday, produce hydroalcoholic gel that will then be donated to French health authorities as the country steps up its efforts to combat the spread of Covid-19.

This week, Kering hires its first chief diversity and inclusion officer, while Victoria Beckham Limited announces Paolo Riva’s successor.

Investors are moving away from bigger groups towards smaller brands and American "affordable luxury." Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.