
Labubus Are on Track to Be a Billion-Dollar Business This Year
Labubus, the mischievous elf plush toys seen hanging on every celebrity’s designer bag this summer, have gone viral across the world, but now we know exactly how popular—and profitable—they have been. On Tuesday, the Chinese company Pop Mart, which manufactures and sells the Labubu franchise, released its financial report for the first half of 2025,…