That makes their growing empire the second largest Island based restaurant group to start out here and spread elsewhere.

Its flag would be 50 feet high and 100 feet wide, the restaurant group says.

The company has sold its retail operations and its restaurant group.

The company has retained warrants entitling it to buy back up to 47 percent of the restaurant group.

A signature of this restaurant group is its ability to create an atmosphere that evokes the specific cuisine.

Morton's Restaurant Group, an initial public offering of nine million shares.

In a city with more than 1,800 restaurants, the number of people building restaurant groups is still relatively small in New York.

The company's restaurant group went in a leveraged buyout, with Grace retaining a 47 percent interest.

People involved with the transaction said Donald Slater, chief executive of the restaurant group, would stay in that job.

Marco Pierre White has retired from the kitchen to concentrate on running his restaurant group.