Beloved burger chain makes major move months after restaurant closures

Red Robin has sold 116 of its locations to streamline its finances and boost flexibility, following a series of restaurant closures earlier this year. The proceeds from the sale will help reduce debt, and the remaining restaurants will stay under the Red Robin brand through new franchise deals. This strategic move aims to stabilize the company’s financial health and focus on profitable operations, which could signal a broader trend for struggling chains to seek new ownership models to survive and thrive.