Elon Musk, the world's richest man, has entered the beauty industry with a new fragrance called Burnt Hair.
The scent retails for US$100 on Musk’s website, The Boring Company, and has been described as the “essence of repugnant desire”.
Musk claimed on Twitter that

Elon Musk’s new Burnt Hair fragrance sells $2 million in first 24 hours
The Tesla CEO changed his Twitter bio to 'Perfume Salesman' and claims over 20,000 bottles have sold within 24 hours
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7 fresh beauty launches to watch for this October
Read moreCosmetics Business names seven of the biggest beauty launches of the week in this new round-up
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Fragrance
Harry Styles’ Pleasing opens Amsterdam pop-up to explore the senses, including ‘scent arcade’
PleasingLand takes place in the Netherlands ahead of Styles’ ‘Together, Together’ tour kicking off in Amsterdam on 16 May, featuring areas to explore the beauty and apparel brand via touch, smell and sound
Finance
Boots lands Currys boss Alex Baldock as CEO for ‘next phase of transformation’
Baldock joins the UK health and beauty retailer in the autumn and will succeed Anthony Hemmerdinger, who is currently serving as Senior VP and Managing Director of Boots UK, Ireland, Opticians and No7 Beauty Company
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Finance
Why are beauty brands now betting big on fashion retailers?
A standout space within a major beauty retailer is no longer enough for cosmetics brands, with many looking to diversify via partnerships with fashion brands instead in an effort to reach new customers in an increasingly overcrowded market
Fragrance
L’Oréal Luxe named Olfactory Partner of new AI art museum Dataland
The beauty giant has entered into a partnership with the omni-sensory museum of AI arts on its inaugural exhibition, ‘Machine Dreams: Rainforest’, which is said to move ‘scent out of the traditional bottle and into a permanent cultural institution’
Finance
Sephora UK pilots facial differences training with in-store beauty advisors
The LVMH-owned beauty retailer’s UK business is partnering with Face Equality International during International Face Equality Week, piloting facial differences training with staff and pledging a percentage of its sales to the charity