The Labubu effect: How Pop Mart is leading the blind box economy
Inside Retail
OCTOBER 30, 2024
Founded as a small toy store in China in 2010 by Wang Ning, Pop Mart has grown into one of the leaders in the blind box industry. Emerging markets Global expansion is now a major growth driver for the business. The company now boasts more than 450 retail stores and achieved global sales of US$871 million last year.
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