Christopher Artinian, CEO and president of Morton's . (Nancy Stone/Tribune)

By Robert Channick | Upscale Chicago-based steakhouse chain Morton’s Restaurant Group announced Wednesday that it is exploring a possible sale.

Morton’s is still struggling to recover from the recession that cut into its business. It said it is exploring “strategic alternatives” to enhance shareholder value. The board has retained Jefferies & Company as its financial advisor to assist in the process.

No timetable has been set for a possible sale, which is being pursued with the support of affiliates Castle Harlan and Laurel Crown Partners, the company’s largest shareholders. Get the full story »