Lego A/S (commerce title: The Lego Group) is a Danish toy manufacturing agency that was primarily based in 1932 and is based in Billund, Denmark. The agency manufactures Lego-brand toys, consisting largely of interlocking plastic bricks. The group has moreover constructed quite a few amusement parks across the globe, each commonly known as Legoland, and operates fairly just a few retail outlets.
Lego was primarily based on August 10, 1932 by Ole Kirk Christiansen. The title “Lego” is derived from the Danish phrases leg godt which suggests “play well”.
The Lego Group grew to grow to be the world’s largest toy agency by earnings throughout the first half of 2015, with product sales amounting to US$2.1 billion, surpassing these of Mattel, which had US$1.9 billion in product sales.
The Lego agency was primarily based by Ole Kirk Christiansen, a carpenter whose main enterprise of manufacturing household gadgets had suffered due to the Great Depression. Initially producing picket toys, Lego later developed a system of interlocking bricks. Manufacturing of the plastic Lego bricks began in Denmark in 1947.
After a fire throughout the woodworking division, Ole’s son, Godtfred, decided to stop producing picket toys and solely cope with plastic merchandise and the Lego system. Godtfred moreover constructed an airport in Billund to facilitate the sale of Lego toys across the globe.
Who Owns Lego Stock?
The Lego Group is a privately held agency, thus it doesn’t have stock. One cannot buy Lego stock at any worth on the NYSE, or each different change. The agency is 75% owned by Kjeld Kirk Kristiansen, who’s the grandchild of the founder, Ole Kirk Kristiansen, and 25% by the Lego Foundation.