{"id":1016439,"date":"2026-11-02T20:13:53","date_gmt":"2026-11-03T01:13:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/"},"modified":"2026-11-02T20:13:53","modified_gmt":"2026-11-03T01:13:53","slug":"franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/","title":{"rendered":"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Locally Owned Licensee Partner to Provide Greater Flexibility in Serving Clients in China.<br \/>\n<br \/><\/i><\/b><b><i>Transaction Not Expected to Have a Material Impact on FranklinCovey\u2019s Overall Profitability.<\/i><\/b><\/p>\n<p>SALT LAKE CITY&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklincovey.com%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=Franklin+Covey+Co.&amp;index=1&amp;md5=87aabdbfc19580d2f37bb8176a1f979d\">Franklin Covey Co.<\/a> (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nyse.com%2Fquote%2FXNYS%3AFC&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=NYSE%3A+FC&amp;index=2&amp;md5=2bf2633acb15265a864c4e10ef449783\">NYSE: FC<\/a>), a global leadership and organizational performance partner that gives strategy the human edge, announced today that it has signed a definitive agreement to divest its direct operations in China. The business will be acquired by Shanghai Hanquan Trading Co., Ltd., a company led by Yvonne Feng, who has led FranklinCovey\u2019s business in China for approximately ten years. Following closing, the business will operate as a locally owned licensee partner of FranklinCovey. The transaction is expected to close by the end of the second quarter of fiscal 2027, subject to customary closing conditions, including the completion of local regulatory registrations and a reduction of the registered capital of the China entities. The transaction is not expected to have a material impact on FranklinCovey\u2019s overall profitability.<\/p>\n<p>\nUntil closing, the China entities will remain owned by FranklinCovey, and their results will continue to be consolidated in the Company\u2019s financial statements. Following closing, FranklinCovey expects to receive royalties from the licensee partner under a license agreement, consistent with its other international licensee partner relationships.<\/p>\n<p>\n&#8220;Our belief in the importance and relevance of the universal principles FranklinCovey teaches in China has not changed,&#8221; said <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklincovey.com%2Fabout%2Fpeople%2Fpaulwalker%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=Paul+Walker&amp;index=3&amp;md5=0646aabbae12cb64ea76f8fcb2f15675\">Paul Walker<\/a>, FranklinCovey CEO. &#8220;As the external environment has evolved, we determined that local ownership will provide greater flexibility to navigate the market while continuing to help organizations and leaders achieve lasting results. China remains one of the world\u2019s most significant economies, and we\u2019re confident this transition will enable the business to respond with even greater agility to local market needs.&#8221;<\/p>\n<p>\nFranklinCovey and the China business intend to maintain a close relationship to ensure clients in China continue to have access to FranklinCovey\u2019s content and solutions. Client services will continue without interruption through the transition and after closing, with existing agreements, scheduled programs, and platform access remaining in effect.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including those statements related to the Company\u2019s future results and profitability and other goals relating to the growth and operations of the Company. Forward-looking statements are based upon management\u2019s current expectations and are subject to various risks and uncertainties including, but not limited to: general macroeconomic conditions; renewals of subscription contracts; the impact of strategic projects and initiatives on future financial results; growth in and client demand for add-on services; market acceptance of new products or services, including new AAP portal upgrades and content launches; impacts from geopolitical trade tensions and the general business environment; and other factors identified and discussed in the Company\u2019s most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Many of these conditions are beyond the Company\u2019s control or influence, any one of which may cause future results to differ materially from the Company\u2019s current expectations, and there can be no assurance that the Company\u2019s actual future performance will meet management\u2019s expectations. These forward-looking statements are based on management\u2019s current expectations, and the Company undertakes no obligation to update or revise these forward-looking statements to reflect events or circumstances subsequent to this press release.<\/p>\n<p><b>About FranklinCovey Co.<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklincovey.com%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=FranklinCovey&amp;index=4&amp;md5=a9a5ed9b5841c20620ccba57edb20994\"><b>FranklinCovey<\/b><\/a><b> (<\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nyse.com%2Fquote%2FXNYS%3AFC&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=NYSE%3A+FC&amp;index=5&amp;md5=c8046fc9555d092f8936c90794cb3b70\"><b>NYSE: FC<\/b><\/a><b>)<\/b> is a global leadership and organizational performance partner that gives strategy the human edge. It helps organizations achieve the breakthrough results that matter most. Using proven, principle-centered frameworks and practices, it builds high-trust leaders, teams and cultures and helps clients translate strategy into consistent execution. For more than 40 years, it has tested this approach with thousands of clients from Fortune 100 companies to educational and government institutions, providing professional services across 160 countries. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklincovey.com%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=FranklinCovey.com&amp;index=6&amp;md5=141c67c0e3e3907bb6fd8b8942bc0407\">FranklinCovey.com<\/a> and explore leadership insights on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklincovey%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=7&amp;md5=37ca2b9df431d0076d422138d01564c9\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FFranklinCovey%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=Facebook&amp;index=8&amp;md5=8bfbb9acee8495eaaa8500272f1671ad\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Ffranklincovey&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=X&amp;index=9&amp;md5=c94f9b3e57a715f329a043ee6d2dca18\">X<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Ffranklincovey%2F&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=Instagram&amp;index=10&amp;md5=c117bd687777f904bd96865f6acd2ef7\">Instagram<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Fuser%2FFranklinCoveyVideos&amp;esheet=54633772&amp;newsitemid=20261102380523&amp;lan=en-US&amp;anchor=YouTube&amp;index=11&amp;md5=817b964c5b0dad934f58910b4314962e\">YouTube<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261102380523r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261102380523\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261102380523\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Debra Lund<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Debra.lund@franklincovey.com\">Debra.lund@franklincovey.com<br \/>\n<\/a><br \/>801-244-4474<\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Boyd Roberts<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor.relations@franklincovey.com\">investor.relations@franklincovey.com<br \/>\n<\/a><br \/>801-817-5127<\/p>\n<p><b>KEYWORDS:<\/b> China United States North America Asia Pacific Utah<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Education Communications Human Resources Publishing Training<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261102380523\/en\/2942508\/3\/MRK26042904_-_Human_Edge-Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership Locally Owned Licensee Partner to Provide Greater Flexibility in Serving Clients in China. Transaction Not Expected to Have a Material Impact on FranklinCovey\u2019s Overall Profitability. SALT LAKE CITY&#8211;(BUSINESS WIRE)&#8211;Franklin Covey Co. (NYSE: FC), a global leadership and organizational performance partner that gives strategy the human edge, announced today that it has signed a definitive agreement to divest its direct operations in China. The business will be acquired by Shanghai Hanquan Trading Co., Ltd., a company led by Yvonne Feng, who has led FranklinCovey\u2019s business in China for approximately ten years. Following closing, the business will operate as a locally owned licensee partner of FranklinCovey. The transaction is expected to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1016439","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership Locally Owned Licensee Partner to Provide Greater Flexibility in Serving Clients in China. Transaction Not Expected to Have a Material Impact on FranklinCovey\u2019s Overall Profitability. SALT LAKE CITY&#8211;(BUSINESS WIRE)&#8211;Franklin Covey Co. (NYSE: FC), a global leadership and organizational performance partner that gives strategy the human edge, announced today that it has signed a definitive agreement to divest its direct operations in China. The business will be acquired by Shanghai Hanquan Trading Co., Ltd., a company led by Yvonne Feng, who has led FranklinCovey\u2019s business in China for approximately ten years. Following closing, the business will operate as a locally owned licensee partner of FranklinCovey. 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Transaction Not Expected to Have a Material Impact on FranklinCovey\u2019s Overall Profitability. SALT LAKE CITY&#8211;(BUSINESS WIRE)&#8211;Franklin Covey Co. (NYSE: FC), a global leadership and organizational performance partner that gives strategy the human edge, announced today that it has signed a definitive agreement to divest its direct operations in China. The business will be acquired by Shanghai Hanquan Trading Co., Ltd., a company led by Yvonne Feng, who has led FranklinCovey\u2019s business in China for approximately ten years. Following closing, the business will operate as a locally owned licensee partner of FranklinCovey. The transaction is expected to &hellip; Continue reading \"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-03T01:13:53+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261102380523r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership","datePublished":"2026-11-03T01:13:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/"},"wordCount":730,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261102380523r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/franklincovey-signs-agreement-to-transition-its-china-operations-to-local-ownership\/","name":"FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership - 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