Capital Gain

The Chinese toy phenomenon storming the world, Labubu dolls, is about to open a new Pop Mart store in Sydney’s Pitt Street Mall in a shop formerly occupied by a Microsoft outlet.

Labubu will bounce into the busy Christmas shopping season. Hoardings currently surround its new shopfront as workers fit out the store for a December opening.

The sharp-fanged monster dolls are the major sales driver for owner Pop Mart. Credit: Getty Images

Attracting retailers like the stunningly popular Labubu dolls and the world’s largest Lego certified flagship store has helped Pitt Street Mall retain its status as one of the world’s most expensive retail destinations, according to the latest Cushman & Wakefield’s Main Streets Across the World report.

Rents along the 200-metre strip be

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