Marathon Partners Delivers Letter to J. Alexander's Chairman Frank Martire

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