Lego breaks into top 100 valuable brand list

This Nov. 28, 2014 file photo shows President and Chief Executive Officer of the LEGO Group, Jorgen Vig Knudstorp in London. (AP Photo/PA, Matt Alexander, File)

(CNN Money) — Everything is awesome for Lego.

The Danish toymaker has broken into the world’s top 100 most valuable brands for the first time. Lego is now the 83rd most valuable brand globally, according to research by the Interbrand consultancy.

Interbrand ranks Apple, Google and Coca-Cola as the top three brands. It considers three main criteria when compiling the list. Besides the financial performance of branded products, it also looks at how the brand influences customer choice, and whether it can push up the price of a product.

Lego’s entry into the top 100 means the company has jumped ahead some of the world’s most recognizable brands, such as Nokia, Gap, and Pizza Hut, owned by Yum! Brands.

“Lego is a brilliant example of a legacy brand that is keeping its proposition relevant by evolving the experience,” said Rebecca Robins, a director at Interbrand.

The maker of the famous plastic stackable bricks became the biggest toymaker in the world in terms of revenue and profit in 2014.

The company made 60 billion Lego pieces last year. Its sales across Europe, the Americas and Asia grew strongly thanks to the success of “The Lego Movie.”

“Lego is clearly rethinking its role, and migrating from a toy brand to a fully fledged entertainment brand, while staying true to its DNA — and employing technology as a powerful means, not as a superfluous end,” Robins said.

Lego Group has roughly 12,000 employees and is still owned by the Kirk Kristiansen family that founded it in 1932.

AP File Photo
AP File Photo

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