The Lego Company started in 1932. In the early years, the company for no reason made a loss. Yet , in 1998, revenue dropped simply by 30%. In addition , the organization accumulated financial debt of $800 million and wasn’t adding any fresh value to its portfolio. This led to a number of changes at the company.
In the late nineties, the LEGO Group extended beyond just one team concentrated on engineering toys. Today, the company offers a wide variety of companies is a global enterprise. Its toys range between educational merchandise for kindergartens to robotics and media. It also comes with two theme recreational areas where kids can play and learn.
At first, the PROFANO Company started lego stores use virtual data rooms to be a wood gadget company, nonetheless soon made to building plastic playthings. In 1949, the Lego Company had produced over two hundred different types of toys. The wood toys have been developed by Ole Kirk Christiansen. In the early years, the organization used a wooden mildew to create the first wooden toys.
The LEGO Company also broadened into robotics, media, and academic products designed for preschools. Today, the corporation runs two theme theme parks in Denmark. The primary opened in Bil-lund, Denmark in 1968, and a second an example may be set to start in Carlsbad, Washington dc in 1999.