The empire of Lego has many dominions and protectorates, with every year, it seems, new territories to conquer. There are theme parks; there are films of excruciatingly ironic sophistication; there are competitions to make bizarre tableaux that grip nations; there are highly controlled TV documentaries about life at the heart of Lego in Denmark.
It is an astonishingly powerful brand and its growth has been extraordinary to watch. Many years ago, it was just one building toy among many, like Meccano or Fischer Technik. Now, it is supreme. Some tremors were, however, observed last week when a plunge in profits was reported. Operating profits from the first half of the year fell almost 20 per cent, the largest decline since 2004. Explanations were easy to come by – the steep rise in the cost of raw materials, for instance.
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