3 branding lessons from Lego
SEPTEMBER 11, 2015
By January 2004, Lego announced a huge deficit, saying it was losing one million dollars a day. Today, seven Lego sets are sold every second, but 10 years ago, Lego was in pieces. The family-owned company had been heading closer to bankruptcy since 1999. In 2003, sales dropped globally by 29 percent. The problem went much deeper than the balance sheet. Lego had forgotten its roots. Its products were moving further and further away from what people loved about the brand.