The rise of Labubu dolls - and the 38-year-old CEO worth billions
The makers of Labubu dolls - popular with celebrities including Rihanna, David Beckham and Paris Hilton - reported a near 400% increase in profits in the first half of this year after demand for the ugly-cute toys soared.
More than £3.5m worth of fake toys have been seized at the border so far this year, officials have said, with nine in ten being duplicates of a viral doll.
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