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by StephenFalken
4022 days ago
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It's pretty impressive how LEGO has changed its destiny in the last 10 years, given this: [1] In 2003, The LEGO Group faced a budget deficit of 1.4 billion DKK (220 million
USD at then current exchange rates; equal to EUR 175 million),[40] causing
Poul Plougmann to be replaced by Kjeld Kirk Kristiansen as president. In the
following year, almost one thousand employees were laid off, due to budget
cuts. However, in October, 2004, on reporting an even larger deficit,
Kristiansen also stepped down as president, while placing 800 million DKK of
his private funds into the company.
Right now, LEGO is the largest toy company in the world, surpassing Mattel since late 2014. [2][1] https://en.wikipedia.org/wiki/The_Lego_Group#Financial_resul... [2] http://time.com/money/3268065/lego-largest-toy-company-matte... |
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