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Louis VuittonA Chinese firm behind a viral soft toy has seen its profits leap 350% and its stock price treble this year. Pop Mart makes Labubu dolls — troll-like, pointy-toothed, furry toys, which are the subject of a global obsession: Sales are up 5,000%, shops worldwide are running out, and Beijing has seized 46,000 fake Labubus in a black-market crackdown. Pester-power-driven fads are nothing new: A 1996 craze for Tickle Me Elmo dolls led to people gettin…See the Story
Profits Soar for Chinese Maker of Viral Labubu Dolls
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