The LEGO Business History

The Seglar Company opened in 1932. In the early years, the company do not ever made a loss. Yet , in 1998, product sales dropped simply by 30%. Additionally , the corporation accumulated personal debt of hundreds of dollars million and wasn’t adding any fresh value to its portfolio. This triggered a number of alterations at the enterprise.

In the late nineties, the LEGO Group enhanced beyond an individual team dedicated to engineering toys. Today, the company offers a wide variety of products and is a global enterprise. It is toys vary from educational products for kindergartens to robotics and multimedia. It also seems to have two theme parks where kids can perform and learn.

Formerly, the LEGO Company began as being a wood gadget company, nonetheless soon turned to generating plastic toys. In 49, the Lego Company possessed produced over 200 different types of playthings. The wood toys had been developed by Ole Kirk Christiansen. In the early years, the corporation used a wooden mildew to create the first hardwood toys.

The LEGO Firm also extended into robotics, media, and academic products with regards to preschools. Today, the business runs two theme parks in Denmark. The primary opened in Bil-lund, Denmark in late 1960s, and a second some may be set to open in Carlsbad, Washington dc in 1999.

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