Chinese toy maker drops £63 million on London property - here's why traders are paying attention
Key Points
- Pop Mart invests £63 million in prime Oxford Street real est...
Pop Mart just spent £63 million on a building in London's Oxford Street, which is roughly equivalent to buying 63 million of their blind box toys. But before you start questioning their math skills, this Chinese toy empire knows exactly what it's doing.
The company behind those mysteriously addictive "Labubu" dolls that have Gen Z collectors camping outside stores has decided that renting is for amateurs. Instead of playing landlord roulette, they're buying their own slice of prime London real estate at 149-151 Oxford Street.
When Your Stock Does a 171% Victory Lap
Pop Mart's stock pric...
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