COPENHAGEN - Lego's sales of its colorful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, the Denmark-based toymaker said on Wednesday.
"We have performed significantly better than the overall toy market and have grabbed market share at a fairly high pace," CEO Niels Christiansen told Reuters.Lego's operating profit rose 26% to 8.1 billion crowns. "We are opening slightly fewer stores in China right now because we see that consumers there are holding back a bit," Christiansen said.
BRUSSELS — The European Union traditionally ends its summer slumber in the dying days of August with an informal meeting of its foreign affairs ministers in a political equivalent of a fireside chat. But with Prime Minister Viktor Orbán's Hungary holding the presidency of the 27-nation bloc, vacation has already been turned into one long firebrand's shout.
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