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In 1980, to diversify its business, Carson Pirie Scott & Co. borrowed $108 million to buy Dobbs Houses, Inc., an airline caterer and owner of the Toddle House and Steak 'n Egg Kitchen restaurant chains. These were sold in 1988, as was the County Seat clothing chain.
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 ]
In the following decade, the company’s economic condition began to decline as the restaurants that Pat Sr. did business with either closed down or decided to buy their meat supplies from larger meat companies such as Sysco. The company was able to turn itself around when Pat LaFrieda Jr. (Pat Sr.'s son) took over the company in 1993.
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