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kjeld kirk kristiansen

August 29, 2019

Sackler family offers up to $12 billion to settle opioid lawsuits, Lego family fund poaches Google director to join board and Asia’s richest families join the call to end Hong Kong unrest.

Sackler family offers up to $12 billion to settle opioid lawsuits

Purdue Pharma, the makers of OxyContin, the prescription painkiller at the heart of the US’ opioid crisis, have offered between $10 billion and $12 billion to settle more than 2,000 lawsuits from US states and cities.

The company, owned by the billionaire Sackler family, has been blamed for fuelling the US’ opioids crisis by aggressively and deceptively marketing its painkillers to doctors and downplaying the risks of addiction.

April 4, 2019

Lego heir steps down to make way for the next generation, Ferrero to buy Kellogg’s brands in $1.3 billion deal, and JD Sports to acquire Footasylum in £90 million deal.

Lego heir steps down for fourth-gen son to step up

Kjeld Kirk Kristiansen, former chief executive of Danish toymaker Lego Group and grandson of founder Ole Kirk Kristiansen, is stepping down from the board to make way for the next generation.

Kristiansen (pictured), 71, announced he would quit Lego’s board next month in line with the company’s succession plan, leaving his son, Thomas, as deputy chairman. Thomas is the fourth generation to lead the company.

April 26, 2013

Education that revolves around play may sound like every kid's dream, and for some children in Billund, Denmark, it is about to become a reality at a new school founded by Lego.

Education that revolves around play may sound like every kid's dream, and for some children in Billund, Denmark, it is about to become a reality at a new school founded by Lego.

The International School of Billund is the idea of Kjeld Kirk Kristiansen, the third-gen former head of Lego. He is aiming to turn his hometown into a "capital of children".

The Kristiansen family's Lego Foundation will fund the project. The foundation, with a 25% stake in Lego Group, conducts and sponsors research into teaching and child development.

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