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Home > Company Index > Leisure > Restaurants > Morton's Restaurant Group, Inc.

Morton's Restaurant Group, Inc.
NYSE: MRG
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 NEWS FROM THE WIRES
Morton's-BFMA spar over bid, Morton's reports loss
Jul 19 2001 03:52 PM PDT

More WIRE STORIES about this company

 PROFILE
Morton's Restaurant Group offers eateries with an aura that the Rat Pack would have loved. The company's string of 57 Morton's of Chicago restaurants offers steak, lobster, and veal in an upscale setting featuring a dark wooden interior, background music by Sinatra, and a clientele dominated by businesspeople willing to pay an average tab of more than $70 per person. While seven of the restaurants serve both lunch and dinner, the remainder are open for dinner only. Morton's Restaurant Group also owns five Bertolini's Authentic Trattorias. Bertolini's are designed to imitate the feel of an Italian street festival; they offer Italian fare with an average tab of $20 per person. The company rejected a hositle bid for Morton's from a group led by Carl Icahn and part owner Barry Florescue. It continues to explore other buyers.

 COMPETITION
Ruth's Chris Steak House (dossier)
The Smith & Wollensky Restaurant Group, Inc. (SWRG)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 248.40
1-Yr. Sales Growth: 20.1%
Employees: 3,696
Revenue per employee: $67,207.79

 KEY PEOPLE
• Allen J. Bernstein
    CEO
• Thomas J. Baldwin
    CFO

 CONTACT INFO
3333 New Hyde Park Rd.
New Hyde Park, NY 11042
US
Phone: 516-627-1515
Fax: 516-627-2050
Online: Web Site

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