---
title: "Burger Chain Red Robin Turns Down Meeting With Potential Buyers"
url: https://burnaze.com/article/92e12c95-7338-4e0c-bb17-fd019eccdff8
source: "1851 Franchise"
original_url: https://1851franchise.com/burger-chain-red-robin-turns-down-meeting-with-potential-buyers-2710355
category: "Burger"
industry: "Restaurants"
segment: "Burger"
topics: ["Finance & M&A"]
published: 2019-06-27T15:10:01.000Z
modified: 2026-11-01T02:33:46.000Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/1d6e8efff279f4da387d58f1b58eb4141987.jpg
---

# Burger Chain Red Robin Turns Down Meeting With Potential Buyers

**TL;DR:** Red Robin has turned down a private meeting with potential buyers led by Vintage Capital Management LLC. The brand has not ruled out a sale completely, but tensions between shareholders, board members, and company leadership have prolonged potential negotiations.

*originally published in 1851 Franchise on 2019-06-27. [Read the original](https://1851franchise.com/burger-chain-red-robin-turns-down-meeting-with-potential-buyers-2710355).*

## Story

Following recent restaurant closings and reorganization efforts, Greenwood Village, Colorado-based chain Red Robin has seen better days. Although Red Robin has not ruled out a sale completely, the brand turned down private meeting with stockholders initiated by Vintage Capital Management LLC last week. Vintage Capital is the third-largest shareholder of Red Robin stock with 1.5 million shares.

Tensions between shareholders, board members and company leadership have prolonged potential negotiations. The original offer letter, reported by Nation’s Restaurant News, stated that the company is looking to replace the current interim CEO Pattye Moore. “It is clear that many such quality candidates are refusing to entertain the opportunity due to a lack of confidence in the Board’s leadership and Red Robin’s disastrous operating and market performance,” stated the letter. Read the full story here.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- private equity (topic)
- Red Robin (company)
- restaurant chain sale (topic)
- shareholder tensions (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/burger-chain-red-robin-turns-down-meeting-with-potential-buyers-2710355). Summarized by Burnaze (https://burnaze.com/article/92e12c95-7338-4e0c-bb17-fd019eccdff8).