LEGO CEO Niels B Christiansen says that the company has taken precautions ahead of Brexit, but did not make predictions about what the impact would be.
Last week, the LEGO Group announced the company’s annual results, reporting a return to growth following a challenging year. As the company’s CEO, Niels B Christiansen did the interview rounds on the day, speaking to the LEGO collecting website Brickset.
As a UK based website, Brickset asked the relatively new CEO about the impact that Brexit might have on the LEGO Group. “I hope it will not have a significant impact but it is very difficult to say at the moment,” he responded. Like much of the media, it seems he did not want to be drawn on making predictions given the volatility of the situation.
“We have been taking some precautions by placing additional stock in the UK but it is challenging to make any predictions,” he said. “Of course, I am crossing my fingers that there will be little change after Brexit.”
It is unlikely that the LEGO Group will be able to store much excess stock in the UK on a long term basis, as typically large companies manage inventory on a just-in-time basis. Given that these are special precautions, it may be that the company has hired additional storage space in the UK.