FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership
Business Wire•02/11/2026•16:15 ET
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Key Highlights
- ➤FranklinCovey agreed to divest direct China operations to Shanghai Hanquan Trading.
- ➤Transaction expected to close by end of fiscal 2027’s second quarter.
- ➤China business will become a locally owned FranklinCovey licensee partner.
- ➤Transaction not expected to materially impact FranklinCovey’s overall profitability.
- ➤FranklinCovey expects royalties under a post-closing license agreement.
Expert Statements
Paul Walker, CEO of FranklinCovey
“Our belief in the importance and relevance of the universal principles FranklinCovey teaches in China has not changed.”
Paul Walker, CEO of FranklinCovey
“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.”
Paul Walker, CEO of FranklinCovey
“China remains one of the world’s most significant economies, and we’re confident this transition will enable the business to respond with even greater agility to local market needs.”
FranklinCovey Signs Agreement to Transition its China Operations to Local Ownership
Locally Owned Licensee Partner to Provide Greater Flexibility in Serving Clients in China.
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