Morton’s Steakhouse weighs possible sale | TribLIVE.com
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Morton’s Restaurant Group Inc., the Chicago-based upscale steakhouse chain, said it’s exploring strategic alternatives to boost shareholders’ value, including a potential sale of the company.

Morton’s, created in 1978 by Arnie Morton and Klaus Fritsch, has the support of Castle Harlan Inc. and Laurel Crown Partners LLC, its two largest shareholders, and retained Jefferies & Co. as a financial adviser, according to a statement.

The company’s sales started rising again last year after two years of declines during the recession as diners reduced spending on high-end restaurants.

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