The Lego Organization History

The Lego company started in 1932 when Danish carpenter Ole Kirk Christiansen started making playthings for a living. He battled to make ends meet in the absolute depths of the Great Depression, but the small prototypes he previously made of things like ironing boards and ladders had superb potential while children’s toys. This individual named the company Profano after two Danish thoughts, leg and godt, meaning “play very well. ”

In 1958, he created the iconic profano brick with pontoons inside that makes it interlock to lego bits. This cutting edge innovation revolutionized the company and allowed that to grow at an astonishing pace.

By the 1960s, Lego had enhanced its worldwide reach and began creating toys within license in North America by using a arrangement with luggage manufacturer Samsonite. The business also begun selling collections with all the portions required to build a certain model, and introduced committed themes which include Space (with astronaut minifigures), Castle, Area (later has been renowned lego things Profano City), and FabuLand.

In the 1970s, Lego needed a dramatic step forward using its introduction of Lego data that acquired movable legs and arms. The company likewise began employing more plastic-type and discover larger hinders for youngsters, a series called Duplo. In the 1980s, Lego’s revenue grew at a remarkable rate of ten percent annually, irrespective of overall doll industry sales growth slowing down.

Today, Seglar is a significant global corporation with revenues of above $5. almost eight billion and one of the most coveted brands in the world, ranking number 1 on Company Finance’s ‘Most Powerful Brand’ list in 2015. Nonetheless it still seems less just like a ruthlessly business giant and more like an good old family friend.