NewBoy
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Company type | Private (Limited Liability) |
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| Headquarters | Damascus, Syria |
Key people | Manar Tarabichi, President, CEO. Mohammed Tarabichi, Executive Vice President, CFO. |
| Products | Fulla, Baby Habibi, Fun to Learn, Baby’s In2 Fun, SweeToon, Scan2Go |
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| Website | www |
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NewBoy FZCO (Template:Langx) is a family-owned company based in Dubai, UAE, and the exclusive owner of the famous doll brand Fulla. Fulla is thought to be the best-selling toy in the girls doll category throughout the Arab world.[1] Fulla is the cultural adaptation of family values as reflected within the cultural norms throughout the region.
Founded in 1999, NewBoy engages in the marketing and distribution of toys, food, stationery, nursery and toiletries products and has an extensive distribution network in the MENA region with strong focus on KSA as a major hub. The company also markets selected toy brands and ranges internationally including: Europe, United States, Korea, India and Indonesia. The company suffered from severe financial plunge in 2016, and defaulted with banks in the UAE, which eventually led to the closure of company premises in Dubai.
Business Divisions
Licensing
NewBoy's involvement in licensing activities goes back to the earliest days of the company, when NewBoy advertised its own label products on TV. The ads featured endearing little characters that proved to be very popular with children across the region. Accordingly, NewBoy realized the enormous benefits of having such popular character endorsement.[citation needed]
Since then, licensing has become one of the most strategic business models for NewBoy, where magnifying the benefits drawn from a successful character is key. NewBoy acquires, sells, and markets licenses for some of the hottest characters throughout a number of categories including food, textile, cosmetics, jewelry, etc.[2]
International business division
The division was first established in late 2003 by acquiring worldwide rights for TV, merchandising and toys for Let's & Go property (Japanese property from ShoPro). The property is based on an animated children's TV program which features the adventures of two boys who have a passion for mini 4-wheel-drive car racing. This was a huge success for NewBoy. The property was already launched in Italy, Spain, Portugal, Greece, Mexico, Puerto Rico, Argentina and Panama. New launching plans are currently underway in France, Brazil, Germany and South Africa.[citation needed]
Private Label
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The Private Label division was established strategically to create and develop NewBoy's own brands across a wide range of product categories. NewBoy is focused in developing brands and products that adhere to the quality and safety standards.
NewBoy brands currently include:
- Fulla – fashion doll and associated TV show Fulla Princess, remade from Secret Jouju by Korean toy company Young Toys
- Fun to Learn – electronic learning aids
- Baby Habibi – baby dolls and accessories
- True Play – nursery and toddler toys
Current status
Currently, NewBoy is closed while operating under different names, one of them is Wahat Al-Atfal.
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Fulla has the Mid-East doll market covered". 23 December 2005.
- ^ Page Module:Citation/CS1/styles.css has no content."Damas Launches Fulla Jewellery Line for Kids for the First Time in the Middle East". pr.com. Retrieved 2024-07-10.[better source needed]
