Morton's CEO: Improved economy means more sizzle for steakhouses

04/7/2011 | Houston Chronicle (tiered subscription model)

Morton's Restaurant Group closed seven of its namesake steakhouses in underperforming markets during the downturn, as sales slowed along with business travel and special-occasion budgets, but an improving economy has the chain back in expansion mode, says CEO Christopher Artinian. Morton's plans to add about 35 U.S. eateries in the coming years and expects to add restaurants in Asia at a rate of about two per year, he said.

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