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September 4, 2015

Lego posts double-digit growth across all territories; Novartis launches copycat cancer drug at 15% discount; and VW and Suzuki settle four-year legal dispute

VW and Suzuki settle four-year legal dispute

An international court has ordered German carmaker Volkswagen to sell its 19.9% stake in Japan’s Suzuki Motor, bringing to a close a four-year dispute between the companies.

The two automakers had accused each other of breaching their 2009 partnership agreement, which was intended to provide Volkswagen with greater access to India and Suzuki with new technology.

February 28, 2014

Lego's annual results for 2013 have seen it become the world's most profitable toymaker – just a decade after the Danish family firm was teetering on the edge of bankruptcy.  

Lego's annual results for 2013 have seen it become the world's most profitable toymaker – just a decade after the Danish family firm was teetering on the edge of bankruptcy.

Its revenue increased by 10% to DKK 25.4 billion (€3.4 billion), while net profit grew 9% to DKK 6.1 billion – beating nearest rival Mattel, maker of Barbie, by 25%. Mattel's net profit was $904 million (€654.8). 

January 16, 2014

They may be a dysfunctional family from middle America, but The Simpsons have brought together two family business behemoths, 21st Century Fox and Lego, who have launched a new toy brick set.

They may be a dysfunctional family from middle America, but The Simpsons have brought together two family business behemoths, 21st Century Fox and Lego, who have launched a new toy brick set.

April 26, 2013

Education that revolves around play may sound like every kid's dream, and for some children in Billund, Denmark, it is about to become a reality at a new school founded by Lego.

Education that revolves around play may sound like every kid's dream, and for some children in Billund, Denmark, it is about to become a reality at a new school founded by Lego.

The International School of Billund is the idea of Kjeld Kirk Kristiansen, the third-gen former head of Lego. He is aiming to turn his hometown into a "capital of children".

The Kristiansen family's Lego Foundation will fund the project. The foundation, with a 25% stake in Lego Group, conducts and sponsors research into teaching and child development.

February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

August 31, 2012

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings.

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings. Meanwhile, media company Bertelsmann had mixed results for the same period, with healthy net profits but lower operating earnings.

August 14, 2012

Everyone knows about Danish family business Lego, whose small and colourful toy bricks can be assembled to form almost anything. And now, the famous brand is celebrating its 80th birthday by releasing a short video tracing its foundation and growth over the years.
 

Everyone knows about Danish family business Lego, whose small and colourful toy bricks can be assembled to form almost anything. And now, the famous brand is celebrating its 80th birthday by releasing a short video tracing its foundation and growth over the years.

The 17-minute animated film, released on 10 August by the controlling Kirk Kristiansen family, tells the story of how Ole Kirk Christiansen founded a small toy company back in 1932 after his carpentry business failed.

July 4, 2012

Interestingly, for a company best known for its plastic bricks, Lego is also the biggest manufacturer of tyres in the world, albeit rather small ones.

When Ole Kirk Kristiansen started making wooden toys in 1932 after losing his job, he probably never imagined the company he founded would one day become one of the best-known brands in the world.

April 22, 2012

Fifty years ago, children wanting to play with Lego cars had only two options – either play with a finished car or make wheels out of standard bricks. But then, the toy-making family business wheeled out its new creation – the Lego wheel – which is celebrating its 50th birthday this month.

Fifty years ago, children wanting to play with Lego cars had only two options – either play with a finished car or make wheels out of standard bricks. But then, the toy-making family business wheeled out its new creation – the Lego wheel – which is celebrating its 50th birthday this month.

Lego Group, owned by the founding Kristiansen family and famous for its small and colourful bricks that can be assembled to form anything, today produces 381 million wheels every year.

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