NEW YORK, Feb. 27, 2018 /PRNewswire/ -- Marathon Partners
Equity Management, LLC, a New
York-based investment firm, and its affiliated investment
funds (collectively "Marathon Partners"), which beneficially own
approximately 6.8% of the common stock of J. Alexander's Holdings,
Inc. ("J. Alexander's" or, the "Company") (NYSE: JAX), announced
today that it has delivered a letter to the Chairman of the
Company's Board of Directors (the "Board") urging an independent
review of strategic alternatives, including a potential sale of the
Company, following shareholders' rejection of the Board-recommended
acquisition of 99 Restaurants at the Company's Special Meeting of
Shareholders on February 1, 2018.
The full text of Marathon's letter to the Chairman of the Board
can be viewed at the following link:
About Marathon Partners
Marathon Partners Equity
Management, LLC is a fundamental, research intensive
investment firm that deploys capital with a long-term investment
horizon.
Investor Contact
Mario
Cibelli
(212) 490-0399
http://www.marathonpartners.com
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SOURCE Marathon Partners Equity Management, LLC