Labubu sales are slumping. Is the craze over?

For years, Labubu dolls seemed unstoppable. Collectors young and old energetically snapped up “blind boxes” – sealed, mystery packages containing the quirky monsters – often paying $15 (£11) or more. Those unable to get the characters they wanted were often prepared to pay much more on the resale market. The hype around the creatures convinced…

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