Morton's The Steakhouse Explained

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Founded: in Chicago, Illinois, United States
Founder:Arnold J. Morton and Klaus Fritsch[1]
Hq Location:1510 West Loop S
Hq Location City:Houston, Texas
Hq Location Country:United States
Num Locations:72 in United States, 8 overseas, 12 franchised (included before)
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Key People:Tilman J. Fertitta, President, CEO & sole owner
Gary Bullers, Regional Director of Operations
Ralph Cook, Regional Director of Operations Richard H. Liem, Treasurer and Vice President
Steven L. Scheinthal Esq., Vice President, General Counsel and Secretary[2]
Products:Steaks, wine, seafood
Revenue:$66.029 million (estimated)[3]
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Num Employees:4154
Num Employees Year:3 September 2017[4]
Parent:Landry's

Morton's The Steakhouse is a chain of steak restaurants with locations in the United States and franchised abroad,[5] founded in Chicago in 1978.[6] It is a wholly owned subsidiary of Landry's.[7] [8]

History

Morton's was co-founded in 1978 by Arnold J. Morton and Klaus Fritsch.[9] Before they became friends and restaurant entrepreneurs, Morton and Fritsch worked together at the Playboy Club in Montreal, Quebec, Canada. While the club was in the process of changing its menu, Fritsch prepared a hamburger for Morton to sample. Morton said the burger was the best he'd ever tasted. Together, they opened Morton's of Chicago in Newberry Plaza in Downtown Chicago. The original location closed in November 2020 as a result of the COVID-19 pandemic.[10] [11] [12] [13]

In 1987, Morton's, then with $15 million in sales and nine restaurants throughout the United States, was sold for $12.4 million to the venture capital firm Quantum Restaurant Group, Inc. in partnership with the Baltimore brokerage house Alex. Brown & Sons. Fritsch stayed on as president.[14]

In December 2011, Tilman Fertitta, President, CEO and sole owner of Landry's, Inc., announced his company had acquired all of Morton's stock, assuming complete ownership. In 2012, Landry's completed the acquisition and moved company operations to its own headquarters in Houston.[15] [16]

Support for Brett Kavanaugh

In July 2022, Supreme Court Justice Brett Kavanaugh attended a dinner at Morton's location in Washington, DC, but left before his dessert course due to the presence of pro-choice protesters from the activist group "ShutDownDC" demanding his removal.[17] Kavanaugh reportedly did not see, hear, or encounter the protestors, nor was he harassed in any way. Nonetheless, Morton's was "outraged"[18] and sided with Kavanaugh in a press statement, citing what it termed a "right to congregate and eat dinner".[19]

Morton's was subsequently targeted by pro-choice activists, receiving a flood of fake reservations. Morton's Chief Operating Officer acknowledged that the company's statement was extremely unpopular, and reportedly told restaurant managers that "Currently we are experiencing a massive wave (trending at #2 on social media now) of negative response to our comments yesterday."[20]

Affiliates

External links

Notes and References

  1. Web site: Experience Our Culture . Morton's The Steakhouse . 2014-04-16.
  2. Web site: Company Overview of Morton's Restaurant Group, Inc.. Bloomberg. 2017-09-03.
  3. Web site: Morton's Restaurant Group Inc Revenue and Financial Data. 2017-09-03.
  4. Web site: Company Overview of Morton's Restaurant Group, Inc.. Bloomberg. 2017-09-03.
  5. Web site: Locations . Morton's The Steakhouse . 2014-04-16.
  6. News: Arnold 'Arnie' Morton . . 2005-05-29 . 2014-04-16.
  7. News: Landry's to beef up with Morton's purchase . . 2011-12-16 . 2014-04-16.
  8. News: Landry's CEO to buy Morton's Steakhouse . . 2011-12-16 . 2014-04-16.
  9. Web site: Experience Our Culture . Morton's The Steakhouse . 2014-04-16.
  10. Web site: History of Morton's Restaurant Group, Inc. . 2014-04-16.
  11. News: Restaurateur Arnold 'Arnie' Morton Dies at 83 . . 2005-05-29 . 2014-04-16.
  12. Web site: Morton's Restaurant Group Remembers Arnie Morton, Who Died in Chicago on May 28; Legendary Restaurateur was Co-Founder of Morton's Steakhouses. . PRNewswire . 2005-05-31 . 2014-04-16.
  13. Web site: 2020-11-19. Morton's closes original location on State Street. 2020-11-19. Crain's Chicago Business. en.
  14. http://www.fundinguniverse.com/company-histories/morton-s-restaurant-group-inc-history/ Funding Universe: "Morton's Restaurant Group, Inc. History"
  15. News: Morton's steakhouse chain to be sold . Chicago Tribune . 2011-12-16 . 2014-04-16.
  16. Web site: Morton's inches closer to being owned by Landry's Inc. . . 2014-04-16.
  17. Web site: Plumb . Tierney . 2022-07-08 . Activists Crash Brett Kavanaugh’s D.C. Dinner at Morton’s This Week . 2022-07-10 . Eater DC . en.
  18. Web site: Lizza . Ryan . Daniels . Eugene . POLITICO Playbook: Schumer ups pressure on McConnell in USICA-reconciliation dance . 2022-07-10 . POLITICO . en.
  19. Web site: Folmar . Chloe . 2022-07-08 . Morton’s condemns abortion rights protesters for disrupting Kavanaugh’s freedom to ‘eat dinner’ . 2022-07-10 . The Hill . en-US.
  20. Web site: Morton's has been flooded with phone calls and fake reservations after it said Brett Kavanaugh had a 'right' to 'eat dinner' without protestors gathering outside . 2022-07-10 . news.yahoo.com . en-US.