The Lego company opened in 1932 when Danish carpenter Ole Kirk Christiansen started making toys and games for a living. He struggled to make payments in the depths of the Great Depression, but the small prototypes he had made of items like ironing planks and ladders had superb potential as children’s toys. He named the organization Lego after two Danish words and phrases, leg and godt, which means “play well. ”
In 1958, he made the iconic seglar brick with pontoons inside that means it is interlock with other lego bits. This ground-breaking innovation changed distinguishly the company and allowed it to develop at an amazing pace.
By the 1960s, Seglar had expanded its worldwide reach and began producing toys within license in North America via an arrangement with luggage maker Samsonite. The company also began selling places with all the parts needed to build a particular model, and introduced committed themes including Space (with astronaut minifigures), Castle, Town (later has been renowned Lego City), and FabuLand.
In the 1970s, Lego had taken a dramatic step forward using its introduction of Lego stats that possessed movable legs and arms. The company also began employing more cheap and introducing larger prevents for younger kids, a lines called Duplo. In the eighties, Lego’s revenue grew at an extraordinary rate of ten percent each year, irrespective of overall gadget industry product sales growth scaling down.
Today, Lego is a large global business with revenues of more than $5. almost 8 billion and one of the most coveted brands in the world, https://lego-x.com/2021/12/10/places-to-take-your-kids ranking number 1 on Company Finance’s ‘Most Powerful Brand’ list in 2015. But it still seems less such as a ruthlessly industrial giant and even more like an aged family good friend.