The Seglar company was founded in 1932 when Danish carpenter Ole Kirk Christiansen started making toys and games for a living. He battled to make payments in the absolute depths of the 1930s, but the little prototypes he had made of things like ironing panels and ladders had wonderful potential as children’s toys. This individual named the company Lego after two Danish key phrases, leg and godt, that means “play very well. ”

In 1958, click to find out more he made the iconic seglar brick with pontoons inside which makes it interlock with other lego pieces. This innovative innovation revolutionized the company and allowed it to develop at an unbelievable pace.

By 1960s, Profano had extended its overseas reach and began manufacturing toys beneath license in North America via an arrangement with luggage maker Samsonite. The business also started selling collections with all the pieces should build a particular model, and introduced committed themes which includes Space (with astronaut minifigures), Castle, Village (later has been renowned Lego City), and FabuLand.

In the early 1970s, Lego took a dramatic step forward having its introduction of Lego amounts that experienced movable legs and arms. The company also began using more plastic and adding larger blocks for younger kids, a line called Duplo. In the 1980s, Lego’s revenue grew at an amazing rate of ten percent every year, irrespective of overall toy industry revenue growth reducing.

Today, Seglar is a considerable global firm with earnings of above $5. 8 billion and one of the most coveted brands in the world, ranking number 1 on Company Finance’s ‘Most Powerful Brand’ list in 2015. But it really still seems less such as a ruthlessly business giant and even more like an ancient family friend.