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Analyst Says Viral Doll Labubu Boom Reflects The 'Lipstick Effect' Among Anxious Spenders - Starbucks (NASDAQ:SBUX)

EGYPT, JUL 13 – Labubu's blind-box model and celebrity endorsements have driven a cultural trend in Egypt, with inflation at 13.9% fueling escapism through collectible toy purchases.

Summary by CNBC
Labubu is a $30 doll that has gone from a simple collectible to a viral, money-making sensation. Here’s how it brought in the equivalent of $423 million U.S. in revenue for Beijing, China-based toy company Pop Mart in 2024.

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Egyptian Streets broke the news in Egypt on Sunday, July 13, 2025.
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