Labubu Maker Pop Mart's Shares Rise After LVMH China Chief Joins Board

Core Insights - Pop Mart International Group's shares increased following the appointment of Andrew Wu, a seasoned luxury brand executive, to its board as a non-executive director [2][3] Group 1: Company Developments - Andrew Wu, who has been the group president of LVMH Greater China since 2005, joined Pop Mart's board effective December 10 [3] - Pop Mart's shares closed at HK$194.10, up from HK$190.40 prior to the announcement, and have more than doubled over the past year, increasing the fortune of chairman Wang Ning and his family to $15.7 billion [4] - The company reported a revenue increase of 245%-250% for Q3 2025 compared to the previous year, driven by the popularity of Labubu dolls [5] Group 2: Financial Performance - Revenue from operations in China rose by 185%-190%, while overseas sales surged by 365%-370% [6] - Despite the strong revenue growth, Pop Mart's stock has fallen below its 2025 high of HK$335.40 reached in August [6] Group 3: Executive Background - Andrew Wu has extensive experience in the luxury and consumer sectors, having previously held significant roles at Sony Music and Parfums Christian Dior [10] - Wu holds degrees in international relations and international business, and his appointment at Pop Mart includes a fixed annual cash compensation of HK$1.2 million and share-based compensation of HK$1.8 million [11]