The Lego Company History

The Lego Company History

The Lego company opened in 1932 when Danish carpenter Ole Kirk Christiansen started making toys and games for a living. He had trouble to make ends meet in the absolute depths of the Great Depression, but the smaller prototypes he previously made of things like ironing boards and ladders had wonderful potential seeing that children’s toys. He named this company Lego after two Danish sayings, leg and godt, which means “play well. ”

In 1958, he invented the iconic seglar brick with pontoons inside that means it is interlock to lego items. This innovative innovation revolutionized the company and allowed that to increase at an amazing pace.

By 1960s, Seglar had widened its overseas reach and began developing toys within license in North America by using a arrangement with luggage maker Samsonite. The business also started selling collections with all the pieces was required to build a specific model, and introduced committed themes which include Space (with astronaut minifigures), Castle, Town (later has been renowned Seglar City), and FabuLand.

In the 1970s, Lego needed a remarkable step forward using its introduction of Lego data that had movable arms and legs. The company also began using more plastic-type material and discover larger obstructs for younger children, a tier called Duplo. In the eighties, Lego’s revenue https://lego-x.com/2021/07/05/generated-post grew at a remarkable rate of ten percent annually, in spite of overall gadget industry product sales growth slowing.

Today, Lego is a considerable global corporation with profits of more than $5. eight billion and one of the most coveted brands in the world, ranking number 1 on Manufacturer Finance’s ‘Most Powerful Brand’ list in 2015. However it still feels less like a ruthlessly business giant and more like an classic family friend.