Beloved burger chain sells more locations in restructuring push

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleRed Robin is selling 86 company-owned restaurants to franchise operators for $72.5 million as part of its "First Choice" turnaround plan. Op Burgers LLC will acquire 69 restaurants across eight states for $62.5 million while Kuber Oregon LLC and Kuber Washington LLC will take over 17 locations in Oregon and Washington for $10 million.These sales, expected to close in the second half of 2026, aim to strengthen Red Robin's financial foundation, reduce debt and support refinancing efforts. The burger chain previously agreed to sell 30 additional locations, bringing the total expected proceeds from all deals to about $96 million. The transactions will shift Red Robin closer to its goal of having approximately 65 percent company-owned restaurants, with about 206 franchised and 263 company-owned locations after these deals. In fullOnce-popular burger chain selling dozens of locations across the countryThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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