Category: Community (Page 125 of 180)

LEGO has just released their financial details for the first half of 2017 and it’s not looking too good for the best toy brand in the world. Compared to the same time as last year:

– Revenue down 5 percent to DKK 14.9 billion compared with DKK 15.7 billion
– Operating profit down 6 percent to DKK 4.4 billion compared with DKK 4.7 billion
– Net profit down 3 percent at DKK 3.4 billion compared with DKK 3.5 billion
– Cash flow from operating activities was DKK 4.6 billion compared with DKK 3.9 billion

LEGO Group Chairman, Jørgen Vig Knudstorp stated,

We are disappointed by the decline in revenue in our established markets, and we have taken steps to address this.

We are working closely with our partners and we are confident that we have the long-term potential of reaching more children in our well-established markets in Europe and the United States. We also see strong growth opportunities in growing markets such as China.

Some of the best performing themes for 2017 include LEGO City, LEGO Friends, LEGO DUPLO, and LEGO Technic, all in-house IPs. The LEGO Batman Movie also did very well.

As a result of the profit decline, the company will have to trim its total global workforce by about eight percent which is about 1,400 jobs by the end of the year.

The LEGO Group will now have to restructure the company as well as having to clean up their inventory to simplify the business model.

What are your thoughts on this surprising … Continue

Continuing with my coverage of LEGO’s 85th anniversary, there’s a new video that shows the most defining moments of LEGO play. There are some of the usual ones that you probably would expect but there are also one on the list that may make you scratch your head as it was just released.

What are some things that you think should have made the list but didn’t? Let us know in the comments below.

Allen "Tormentalous" Tran

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A few days ago, LEGO celebrated their 85th anniversary and they have been releasing some content to commemorate the event. Throughout its history, LEGO has evolved from a wooden toy company to the largest toy company in the world. If you haven’t seen the video yet, it’s basically a condensed version of its long history. What is your fondest memory with LEGO? Let us know in the comments.

Allen "Tormentalous" Tran

When you make a purchase or, sometimes, carry out some other action as direct result of clicking on a link at The Brick Fan, we will receive a small commission.

The Brick Fan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. As an Amazon Associate I earn from qualifying purchases.

We partner with Rakuten Advertising, who may collect personal information when you interact with our site. The collection and use of this information is subject to the privacy policy located here: https://rakutenadvertising.com/legal-notices/services-privacy-policy/

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Earlier today, The LEGO Group has announced that the Board of Directors has appointed Niels B. Christiansen as the new CEO of the company. Christiansen replaces Bali Padda who took over at the beginning of the year. Read the full press release below.

The LEGO Group today announced that its Board of Directors has appointed Niels B. Christiansen, 51, as CEO of the LEGO Group effective October 1, 2017.

Christiansen was most recently CEO of global industrial technology company, Danfoss, a position he held for nine years until end of June 2017. Christiansen replaces Bali Padda, 61, a long-standing LEGO Group executive, who will assume a special advisory role with LEGO Brand Group.

Jørgen Vig Knudstorp, Executive Chairman of LEGO Brand Group said, ‘Niels is a great leader who delivered outstanding results while CEO of Danfoss. There, he transformed a traditional industrial company into a technology leader. His experience in digitalisation and globalisation, implementing a transformative strategy, and creating an agile, high performing, international team will benefit the LEGO Group. The Board is confident that under Niels, the LEGO Group will continue to flourish and bring play experiences to more children around the world.’ Knudstorp said the transition to a new CEO occurred more rapidly than the Board had anticipated.

“Bali has been part of the LEGO Group family for the past 15 years. He played an integral role in the turnaround of the LEGO Group and during his time as CEO created a solid foundation from which to continue to transform the company. He is