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August 12, 2019

Dining chain J Alexander to review more strategic alternatives

The board of directors of casual dining restaurants operator J Alexander’s Holdings have confirmed that the company will expand the review of its strategic alternatives, including a possible merger or sale option.

The board of directors of casual dining restaurants operator J Alexander’s Holdings have confirmed that the company will expand the review of its strategic alternatives, including a possible merger or sale option.

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Focussing on maximising shareholder value, the board will explore, review and evaluate a full range of options by consulting with its financial and legal advisers, as well as its executive management team.

Other options include a strategic large investment in the company accompanied by a significant share repurchase, or to increase the company’s revenue base and operating leverage by acquiring complementary concepts.

The board has also retained Piper Jaffray & Co as financial adviser to assist in this process.

J Alexander’s Holdings board executive chairman Lonnie J Stout II said: “Our board is fully committed to maximising shareholder value and believes that expanding our ongoing strategic review process is in the best interests of our shareholders.

“Recent transactions for companies in the upscale casual dining segment make this potential path more attractive now as we contemplate how to best position the company for the future.

“In addition to our board’s strategic review process, we will continue to execute our strategic and operational plan to deliver significant value to our shareholders as well as to deliver exceptional food and professional service in a sophisticated and relaxed atmosphere to each of our guests.”

Furthermore, the board has mentioned that a strategic review process will not affect its customers, suppliers or employees, nor on its operations. The operations will continue as usual.

Headquartered in Nashville, Tennessee, J Alexander’s currently operates 46 restaurants in 16 US states.

Free Report
img

Innovation Update Q2 2022: Meat and Meat Alternatives

Meat alternatives continue to push boundaries, as companies explore 3D printed, plant-based, and precision fermentation-based alternatives. As a result, shoppers are more open to experimental formulations that introduce new flavors to meat products, blur traditional food categories, or swap in new ingredient types. It is vital for their development that retailers acknowledge this range of emerging trends during these increasingly uncertain times. Brands must continue to understand how consumer needs and desires change, and offer a range of products that reflect the world around them, therefore developing purchasing and consumption decisions. Exciting non-traditional formulations are hitting the market - following the trajectories and target audiences of these launches will help other brands find their niche. Consult our report on Meat and Meat Alternatives, from the collection of >17,000 reports on GlobalData Explorer, to:  
  • Understand the current market dynamics of the Meat and Meat Alternatives Sector
  • Assess strategies implemented by companies to better penetrate the market
  • Understand the key themes in the market that these companies and their respective products appear to be targeting
  • Marketing / Advertising strategies being used by these players for specific products
  • Other segment-specific analysis (packaging, design, flavors etc.)
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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