Who Owns Lego Stock?

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Lego A/S (commerce title: The Lego Group) is a Danish toy manufacturing agency that was based mostly 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 various amusement parks across the globe, each commonly known as Legoland, and operates fairly just a few retail retailers.

Lego was based mostly on August 10, 1932 by Ole Kirk Christiansen. The title “Lego” is derived from the Danish phrases leg godt which means “play well”.

The Lego Group grew to develop into the world’s largest toy agency by revenue inside 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.

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The Lego agency was based mostly 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 hearth inside the woodworking division, Ole’s son, Godtfred, decided to stop producing picket toys and solely take care of 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.


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