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The Independent UK
The Independent UK
Business
Erin Keller

Once-popular burger chain selling dozens of locations across the country

Red Robin

Red Robin is selling 86 of its company-owned restaurants to franchise operators in a $72.5 million deal as part of a plan to strengthen its finances.

The 57-year-old burger chain said the locations will stay open under the Red Robin name, but day-to-day operations will be handled by new franchise partners, according to a Monday news release.

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