The Lego company opened in 1932 when Danish carpenter Ole Kirk Christiansen started making toys for a living. He struggled to make payments in the absolute depths of the Great Depression, but the smaller prototypes he had made of items like ironing planks and ladders had superb potential when children’s toys. This individual named this company Lego after two Danish words and phrases, leg and godt, that means “play well. ”
In 1958, he made the iconic profano brick with pipes inside that makes it interlock to lego parts. This revolutionary innovation changed distinguishly the company and allowed that to develop at an surprising pace.
By the 1960s, Seglar had extended its overseas reach and began manufacturing toys under license in North America with an arrangement with luggage company Samsonite. The corporation also started selling units with all the parts needs to build a specific model, and introduced devoted themes which includes Space (with astronaut minifigures), Castle, City (later has been renowned Seglar City), and FabuLand.
In the early 1970s, Lego had taken a dramatic step forward with its introduction of Lego results that got movable arms and legs. The company likewise began employing more cheap and a review of larger obstructs for younger kids, a path called Duplo. In the 1980s, Lego’s revenue grew at a remarkable rate of ten percent every year, click here to investigate despite overall toy industry sales growth slowing.
Today, Lego is a large global business with income of more than $5. 8 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 even more like an previous family friend.