Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Lego Builds a New Headquarters to Compete With Apple and Nike

Published 10/28/2019, 09:06 AM
Updated 10/28/2019, 10:45 AM
© Reuters.  Lego Builds a New Headquarters to Compete With Apple and Nike
AAPL
-
NKE
-

(Bloomberg) -- The architects working on Lego’s new campus in western Denmark are designing a structure that the chief executive officer says he hopes will make waves as far afield as Singapore.

Lego’s 54,000-square meters (13.34-acre) new grounds will host 2,000 employees when completed in 2021. According to Niels Christiansen, the CEO, it will help the company compete with the likes of Apple (NASDAQ:AAPL) or Nike (NYSE:NKE) for digital, analytic and creative professionals.

“People will get back to London or Singapore and talk about it,” Christiansen said.

From its base in Billund, one of the world’s most successful toymakers is designing Googleplex-style headquarters that offer play areas, collaborative work spaces, gyms and cafes. But it’s more than just a trendy design project. The goal of making international talent feel welcome comes as increasingly strict Danish immigration policies dissuade skilled workers from heading to the country.

Successive Danish governments have introduced tight restrictions on immigration. That’s led businesses to complain about a lack of the kinds of qualifications they need to get ahead. According to the latest survey from InterNations, an expat network, Denmark is the second-hardest country in which to settle in, after Kuwait.

Though the Lego CEO didn’t discuss Danish immigration policy, he said that creating a hospitable environment is important. “A building like this does a lot for the retention” of talent and for allowing “really creative people to grow,” Christiansen said in a phone interview on Monday, after completing the first phase of the project. People from more than 50 nationalities currently work for Lego in Billund.

Visitors to the campus are greeted by huge yellow bricks perched haphazardly on the roof of the structure and familiar mesh patterns on its walls.

Christiansen said the expectation is that the design will lead to real productivity gains. But he also noted the building’s unusual look.

“It’s a building that a child would have built,” he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.