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POSTIMEES OBSERVATION: Ülle Madise’s grandfather was the king of toys

From Postimees · () Estonian

Translated from Estonian and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Oskar Luik, born in Võnnu in Tartu County, began working as a traveling bookseller at 18.
  • Within three years, he saved 800 rubles and used the money to open a toy and stationery shop in Tartu in 1910.

Oskar Luik, an entrepreneur from Võnnu village in Tartu County, built his career from traveling bookseller to Estonia’s largest toy producer and retailer.

He did not come from a wealthy family, but he had quick intelligence and business sense. Luik established his first “company” at 18, when he began selling books as a traveling merchant.

Within three years, he had saved 800 rubles. In 1910, that was a substantial sum, enough to open a toy and stationery shop at the beginning of Aleksandri Street in Tartu.

About this summary

Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.