The LEGO Business History

The Lego Company was founded in 1932. In the early years, the company under no circumstances made a loss. Nevertheless , in 1998, revenue dropped simply by 30%. Additionally , this company accumulated personal debt of hundreds of dollars million and wasn’t adding any fresh value to its stock portfolio. This triggered a number of adjustments at the organization.

In the late nineties, the LEGO Group enhanced beyond just one team thinking about engineering toys. Today, the company sells a wide variety of products and is a global enterprise. The toys consist of educational things for kindergartens to robotics and multimedia. It also contains two theme leisure areas where children can enjoy and learn.

Originally, the LEGO Company started as a wood plaything company, although soon turned to generating plastic toys. In 1949, the Seglar Company possessed produced over 200 different types of playthings. The timber toys have been developed by Ole Kirk Christiansen. In the early years, the company used a wooden shape to create the first wood toys.

The LEGO Enterprise also widened into robotics, media, and academic products just for preschools. Today, the company runs two theme parks in Denmark. The earliest opened in Bil-lund, Denmark in late 1960s, and a second the initial one is set to available in Carlsbad, California in 1999.