The Lego Company opened in 1932. In the starting years, the company do not made a loss. However , in 1998, product sales dropped by 30%. In addition , https://lego-x.com/2020/01/16/lego-company-history-production-features/ the business accumulated financial debt of $800 million and wasn’t adding any fresh value to its stock portfolio. This led to a number of changes at the provider.
In the late nineties, the PROFANO Group extended beyond a single team aimed at engineering toys. Today, the company provides a wide variety of products and is a global enterprise. It is toys consist of educational things for kindergartens to robotics and multimedia. It also has got two theme park systems where kids can enjoy and learn.
Originally, the PROFANO Company started out as a wood doll company, nevertheless soon switched to producing plastic playthings. In 1949, the Lego Company possessed produced over two hundred different types of toys and games. The hardwood toys was developed by Ole Kirk Christiansen. In the early years, the company used a wooden fungal to create the first hardwood toys.
The LEGO Enterprise also expanded into robotics, media, and academic products with regards to preschools. Today, the corporation runs two theme recreational areas in Denmark. The initial opened in Bil-lund, Denmark in late 1960s, and a second is set to open up in Carlsbad, Washington dc in 1999.