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February 06, 2016 3:07 AM ET

Household Durables

Company Overview of Fuhu, Inc.

Company Overview

Fuhu, Inc. designs and sells consumer products for children. It offers nabi, an Android based learning tablet for kids that provides an ecosystem of hardware, software services, and accessories to immerse kids in rich and engaging experiences. The company sells its products through retailers in the United States. Fuhu, Inc. was incorporated in 2008 and is based in El Segundo, California. The company has additional offices in Denver, Hong Kong, and San Jose; and China, Taipei, and Japan. On December 7, 2015, Fuhu, Inc. along with its affiliate filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. As of January 29, 2016, Fuhu,...

909 North Sepulveda Boulevard

Suite 540

El Segundo, CA 90245

United States

Founded in 2008

Phone:

310-227-8230

Fax:

310-356-3656

Key Executives for Fuhu, Inc.

Chief Executive Officer
Co-Founder and President
Co-Founder and Chairman
Age: 59
Co-Founder
Director of Finance
Compensation as of Fiscal Year 2015.

Fuhu, Inc. Key Developments

Great White Made A Bid For Fuhu

Great White Shark Opportunity Fund, LP intends to make a bid for Fuhu, Inc. Great White made a last minute offer of $10 million Fuhu. Fuhu has selected Great White as lead bidder for its business at a hearing in U.S. Bankruptcy Court in Wilmington. Great White has also agreed to finance Fuhu’s bankruptcy case with a bankruptcy financing package.

Fuhu Names Douglas Woo as COO

Fuhu has appointed Douglas Woo to the newly created position of Chief Operating Officer (COO), where he will take a leading role in driving Fuhu's forward-thinking vision by enhancing operational processes and structures to support the company's continued explosive growth and entry into new product categories, services, retail channels and markets. Woo has served as President of Fuhu's Smart Display division since 2013, where he was the chief architect behind two of the company's most important and disruptive products and services, the category defining nabi Big Tab HD, which ushered in the large format tablet platform, transforming tablets into collaborative devices for both children and adults, and nabi Pass, Fuhu's subscription service created and curated specifically for kids to provide unlimited access to learning with Wings, a deep offering of mixed media content -- from movies, television shows and short form videos, to apps, games, e-books and music -- for one low monthly price.

Fuhu Names Keith Neva as Vice President of Sales

Fuhu has hired Keith Neva as Vice President of Sales. Neva will oversee the company's development of a sales strategy to both maximize the impact for the brand with current retail partners, as well as greatly expand the reach of the company's diverse and expanding product lines into new sales channels. Neva joins Fuhu's senior executive team as the company looks to further optimize its operational functions for the next level of expansion. He brings over 20 years' experience managing major sales accounts in the consumer electronics industry. Serving in an array of executive roles, he has driven sales, business development, brand expansion and market share growth for brands including Yamaha, Westinghouse and Monster.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
December 7, 2015
--
Merger/Acquisition
December 7, 2015
--
 

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