Since the advent of the first luxury beauty brands in the early 1900s, with signature red lipsticks pioneered by Elizabeth Arden, consumers have been drawn to quality skincare, cosmetics, and hair care, allowing them to achieve higher beauty standards. Arden’s lipsticks were followed by the rise of more extensively available cosmetics in the 1940s led by brands like Estee Lauder. “Luxury beauty brands earn their designation through a commitment to high-quality products, superior experience, and exclusive ingredients. Most importantly, luxury products must deliver on their promises,” says former L’Oreal…