Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Lego Family Built a Toy Empire With a Foundation Ownership Model
In this episode, Lucas and Luna explore how the Lego family used a foundation ownership structure to survive a near-bankruptcy and thrive across three generations. Discover the story of Ole Kirk Christiansen, his son Godtfred, and grandson Kjeld, and how they created the Kirkbi holding company and the Lego Foundation to ensure long-term control. This governance model allows the company to focus on play and creativity rather than quarterly earnings. From the humble carpentry workshop in Billund to the global toy giant, the Lego family's journey is a masterclass in succession planning…
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