The LEGO Organization History

The Lego Company was founded in 1932. In the early years, the company never made a loss. Nevertheless , in 1998, product sales dropped simply by 30%. In addition , the organization accumulated debts of $800 million and wasn’t adding any new value to its portfolio. This generated a number of adjustments at the provider.

In the late nineties, the LEGO Group widened beyond just one team focused entirely on engineering toys. Today, the company markets a wide variety of companies is a global enterprise. Its toys range between educational merchandise for kindergartens to robotics and media. It also includes two theme parks where children can play and learn.

Originally, the LEGO Company began as a wood plaything company, although soon changed to making plastic gadgets. In 49, the Profano Company got produced over 200 different types of toys. The wood toys had been developed by Ole Kirk Christiansen. In the early years, the organization used a wooden shape to create the first wooden toys.

The LEGO Organization also expanded into robotics, media, and academic products for preschools. Today, the business runs two theme parks in Denmark. The first opened in Bil-lund, Denmark in 1968, and a second some may be set to wide open in Carlsbad, Lots of states in 1999.

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