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Business

Lego to cut 1,400 staff as sales boom ends

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Toymaker Lego has announced plans to lay off 8 percent of its workforce after reporting a 5 percent fall in mid-year revenue. The unlisted maker of colourful plastic bricks reported revenue of 14.9 billion Danish crowns ($2.38 billion). As Sonia Legg reports, that still topped My Little Pony producer Hasbro Inc's sales of $1.82 billion and Barbie doll maker Mattel Inc's $1.71 billion.

Business

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