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Subject: 
KKK described latest restructuring as "last chance" for Lego in FT article
Newsgroups: 
lugnet.general
Date: 
Tue, 16 Mar 2004 21:02:59 GMT
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Following on the heels of the press release announced in this LUGNET article,

http://news.lugnet.com/mediawatch/?n=1448

There's a piece in the _Financial Times_ about the latest restucturing at Lego:

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1079419676904

or http://makeashorterlink.com/?U27F24DB7

Key quotes:

""This is our last chance. We are at risk of losing our independence," said
Kjeld Kirk Kristiansen, Lego's chief executive and owner"

and

"Mr Kristiansen declined to speculate on whether the maker of the eponymous
coloured plastic building blocks could face a takeover should this latest
resuscitation attempt fail."

Ominous news.

--
Thomas Main
thomasmain@myrealbox.com



Message has 4 Replies:
  Re: KKK described latest restructuring as "last chance" for Lego in FT article
 
(...) Something is rotten in the state of Denmark. On the other hand: (URL) before anyone howls that I'm just pouring salt on TLG's wounds, let's reflect: TLG is suffering massive losses while is casts about for the solutions for its waning market (...) (21 years ago, 16-Mar-04, to lugnet.general)
  Re: KKK described latest restructuring as "last chance" for Lego in FT article
 
(...) Since TLG is family owned, I would presume that this is referring to whomever TLG has lines of credit with (banks, etc). What happens in DK... is bankruptcy there at all like the US ? (peering over the edge into the abyss) (...) (21 years ago, 17-Mar-04, to lugnet.general)
  Re: KKK described latest restructuring as "last chance" for Lego in FT article
 
I would like to respectfully request that when posting, don't refer to Kjeld Kirk Kristiansen as "KKK." Thanks (21 years ago, 17-Mar-04, to lugnet.general)
  Re: KKK described latest restructuring as "last chance" for Lego in FT article
 
(...) Actualy in my opinion it would be the best thing that could happen for an AFOL is for LEGO to be bought out by another toy company or if LEGO went public. Than any issues we had could be directly raised with the senior management at the annual (...) (21 years ago, 17-Mar-04, to lugnet.general)

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