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Top 500: Fastest growers by menu category

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Onex Group said it has a deal to sell the Alabama-based chain to an undisclosed buyer and triples its investment.

The chain’s sale to Ares Management shows again that companies rethinking the restaurant business can fetch strong valuations, says RB’s The Bottom Line.

Vintage Capital noted in its nonbinding bid that it is meeting with Red Robin’s leaders and hopes to keep the conversation “constructive.”

The full-service, health-focused chain—founded by restaurateur Sam Fox and wellness guru Dr. Andrew Weil more than a decade ago—is also launching a standalone cocktail/juice bar in Las Vegas.