The LEGO Organization History

The Lego Company was founded in 1932. In the early years, the company do not ever made a loss. However , in 1998, sales dropped simply by 30%. In addition , the corporation accumulated debt of $800 million and wasn’t adding any new value to its stock portfolio. This led to a number of improvements at the company.

In the late nineties, the LEGO Group broadened beyond just one team dedicated to engineering toys. Today, the company offers a wide variety of companies is a global enterprise. Their toys range between educational products for kindergartens to robotics and multi-media. It also has got two theme recreational areas where children can play and learn.

Originally, the PROFANO Company started out as being a wood doll company, nonetheless soon made to making plastic toys. In 49, the Lego Company acquired produced over two hundred different types of toys and games. The hardwood toys have been developed by Ole Kirk Christiansen. In the early years, the organization used a wooden fungal to create the first wood made toys.

The LEGO Enterprise also expanded into robotics, media, and academic products to get preschools. Today, the business runs two theme parks in Denmark. The 1st opened in Bil-lund, Denmark in late 1960s, and a second you are set to available in Carlsbad, Washington dc in 1999.

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