Greenwood Village, Colo. — Red Robin Gourmet Burgers, Inc., a full-service restaurant chain, has retained The Cypress Group, a leading restaurant and franchise investment banking firm, to manage Red Robin’s refranchising initiative.
Cypress has more than 25 years of multi-unit M&A and corporate refranchising experience in the restaurant industry, including engagements with a number of major casual dining brands.
“Strategically refining our real estate portfolio and pursuing development opportunities with high-quality franchisees is a key component of future growth for Red Robin. We are excited to partner with The Cypress Group to facilitate our franchising efforts and leverage the Cypress team’s extensive deal experience and vast network of potential franchise partners,” says Denny Marie Post, president and chief executive officer of Red Robin Gourmet Burgers Inc. “We will be working with The Cypress Group to determine which markets may make sense for strategic franchising in addition to the approximately 100 existing Red Robin locations we have previously identified. We look forward to our collaboration with The Cypress Group.”
Red Robin Gourmet Burgers, Inc., a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name Red Robin Gourmet Burgers and Brews, has more than 570 Red Robin restaurants across the United States and Canada. For more information, visit www.redrobin.com.
SOURCE: Red Robin Gourmet Burgers, Inc.