Market Outsiders

Labubu Dolls and the Business of Scarcity (September 24, 2025)

Management Consulted Season 3 Episode 7

Labubu dolls are the latest global craze... but what makes them so irresistible?

In this episode, Jenny Rae and Namaan break down the business model behind Labubu’s rise, from blind box marketing to luxury brand tie-ins. 

They explore:

  • How scarcity fuels demand
  • Why repeat purchases matter more than volume
  • How the resale market reinforces value

It’s a case study in novelty vs. luxury, brand strategy, and consumer psychology — all packed into one tiny doll.

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