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Crystal Jade
Singapore-based culinary brand From Wikipedia, the free encyclopedia
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Crystal Jade Culinary Concepts Holding (Chinese: 翡翠餐饮集团) is a Singapore-based Chinese restaurant culinary brand with one Michelin star and multiple Michelin Bib Gourmand awards. It is currently owned by L Catterton Asia, the private equity arm of LVMH, since 2014.[1]
 | A major contributor to this article appears to have a close connection with its subject. (November 2023) |
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History
The first Crystal Jade restaurant opened in 1991 at Cairnhill Hotel, Singapore.[2] In 1992, Ip Yiu Tung invested HK$10 million (1992) (US$1.29 million) to keep the restaurant afloat and set the strategic directions of the company.[3]
In 2014, L Catterton Asia, the private equity arm of LVMH, bought about 90% shares of Crystal Jade.[2] Later in June 2015, Standard Chartered Private Equity announced a US$52,000,000 (equivalent to $68,980,485.75 in 2024) investment into the company.[4]
As of 2015, Crystal Jade has 120 restaurants globally with 47 located within Singapore, and employs 4,500 full-time staff.[5]
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