Moynat and Kasing Lung launch collectible Labubu gift capsule in Tokyo

Moynat has found the sweet spot between trophy luxury and collectible culture. Its second chapter with Kasing Lung landed at Dover Street Market Ginza in Tokyo with a 13-piece capsule that makes the brand feel less museum-piece and more gift-worthy, especially for buyers who want something rare, recognizable and easy to talk about.

The draw is Labubu, Kasing Lung’s breakout character from The Monsters, which first launched in 2015 and marked its 10th anniversary in 2025. That cultural momentum matters. A Moynat trunk is already a statement; a Moynat trunk threaded with Labubu and The Monsters artwork becomes something more shareable, the kind of present that lands with collectors, design obsessives and the person who already has the watch, the bag and the candle. This is luxury with a built-in conversation starter.

The lineup is broad enough to cover different gift budgets, at least at the top end and the entry end of the brand ladder. There are totes in three sizes, hobos, a mini 48H, a little suitcase, passport and notebook covers, keyholders, charms, a mignon, a leather minaudière shaped like Labubu’s head and a travel trunk priced at 11,000,000 yen. That spread is exactly why the capsule works as a gifting story: it moves from a small collectible charm to an object so extravagant it becomes a once-in-a-lifetime present.

Moynat leaned hard into craftsmanship, and rightly so. Founded in Paris in 1849 and known as one of the world’s oldest trunk makers, the maison used a specially developed canvas with its signature M monogram reinterpreted in black and silver alongside Kasing Lung’s Monsters artwork. The canvas-panel placement was randomized, which means each item came out a little different. In luxury, that kind of variation is not a flaw; it is the point. It makes every piece feel singular before it is even wrapped.

Dover Street Market Ginza gave the drop the kind of stage it deserves, with a special installation on the first floor. Moynat had already introduced the capsule in selected boutiques earlier, but Tokyo gave it the sharper retail context: scarcity, artistry and just enough pop-culture energy to make a very expensive gift feel current. For affluent buyers hunting something limited, this is the rare collaboration that checks every box without losing the house’s trunkmaking credibility.