Remove 2004 Remove Culture Remove Turnaround Remove Video
article thumbnail

At LEGO, Growth and Culture Are Not Kid Stuff

BCG

Video Thursday, January 19, 2017. The turnaround of the LEGO Group is one of the famous business stories of this century. A victim of overexpansion and brand dilution, LEGO was on the brink of bankruptcy in 2004, when Jørgen Vig Knudstorp became the CEO. It turns out that LEGO clothing was a bad idea.