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Great news as LEGO report strong profits and plans to expand with new retail stores.

Lego plans to increase investment in both stores and online with around 150 new outlets worldwide.

The company has reported financial results which show a 3% rise in net profits to £970m on revenues 6% higher at £4.5b. Online sales also increased 27%. This marks the second year of profit growth after sales fell in 2017.

Lego now has 570 stores globally, and has said it plans to step up investment in both stores and online with around 150 new outlets worldwide. Having opened 150 shops in 2019, the company has plans to open a further 150 in 2020, 80 of which will be in China, as Lego focuses on expanding its retail presence there.