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J. Alexander's Corporation (NASDAQ:JAX) - J Alexanders Shares Gain On SPB Hospitality Acquisition Deal For $220M

J. Alexander's Corporation (NASDAQ:JAX) - J Alexanders Shares Gain On SPB Hospitality Acquisition Deal For $220M
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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J. Alexander's Holdings is 'pursuing strategic alternatives'

J. Alexander’s Holdings is ‘pursuing strategic alternatives’ after tough year impacted by COVID-19
The J. Alexander’s Restaurant, Stoney River Legendary Steaks and Redlands Grill parent group is completing an evaluation after a 20% drop in sales in December
J. Alexander’s Holdings, Inc. the Nashville, Tenn.-based parent company of J. Alexander’s Restaurant, Stoney River Legendary Steaks, and Redland Grill provided a business update Tuesday after announcing in December that the company would be “pursuing strategic alternatives” following a tough year due to the economic effects of COVID-19.
The company did not discuss the results of the analysis so far, with J. Alexander’s chairman of the board, Lonnie J. Stout, saying that they have “committed to completing” the review as their restaurants slowly move toward full indoor dining capacity again. ....

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J. Alexander's Holdings is 'pursuing strategic alternatives'

The J. Alexander’s restaurants, Stoney River and Redlands Grill parent group are completing an evaluation after a 20% drop in sales in December ....

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J. Alexander's Holdings, Inc. to Open Redlands Grill in San Antonio on March 29

Press release content from Business Wire. The AP news staff was not involved in its creation.
J. Alexander’s Holdings, Inc. to Open Redlands Grill in San Antonio on March 29
January 29, 2021 GMT
SAN ANTONIO, Texas (BUSINESS WIRE) Jan 29, 2021
J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of a multi-regional collection of upscale restaurants, today announced that it will open Redlands Grill on March 29 in San Antonio at 17422 Fiesta Texas Drive in La Cantera Heights, a premier commercial and retail center.
Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc., said the new Redlands Grill will be a chef-driven, boutique-style restaurant emphasizing high-quality food and professional service. ....

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J. Alexander's Holdings, Inc. Provides Business Update

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J. Alexander s Holdings, Inc. (NYSE:JAX) (the Company), owner and operator of J. Alexander s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update with regard to the impact of the novel coronavirus outbreak (COVID-19).
Business Update
Recently, the Company has been impacted by a second wave of required dining room closures and increased capacity restrictions in certain of the markets in which it operates, including in Illinois, Kentucky, Michigan, Missouri, Pennsylvania, Maryland and Colorado. As of December 14, 2020, a total of 10 of the Company s 46 locations are closed for indoor dining. In certain of those locations where economically feasible and allowed by the various governing authorities, the Company has taken steps to expand its outdoor dining areas in order to accommodate additional guests, retain a portion of its workforce, and provide additional revenue to supplement its ongoing carryout business. ....

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