Crystal Jade
 | A major contributor to this article appears to have a close connection with its subject. (November 2023) |
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 Crystal Jade Hong Kong Kitchen at Suntec City Mall | |
| Crystal Jade | |
| Company type | Private |
| Industry | Food and beverage |
| Founded | 1991 |
| Headquarters | Singapore |
Number of locations | 120 (2015) |
Number of employees | 4,500 (2015) |
| Parent | L Catterton Asia (90%) |
| Website | Official website  |
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]
History
[edit]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 $66,841,499.37 in 2023) 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]
List of awards
[edit]- One Michelin Star in Singapore Michelin Guide (2016 - 2018)[6]
- Bib Gourmand in Shanghai Michelin Guide (2017) and Hong Kong & Macau Michelin Guide (2005 - 2016)
- Recommended Chinese Restaurant in Seoul[7] & Shanghai Michelin Guide (2017- 2018)
References
[edit]- ^ "Press | L Catterton". www.lcatterton.com. Retrieved 9 November 2023.
- ^ a b Tan, Melissa (30 April 2014). "French luxury group taking over Crystal Jade". The Straits Times. ISSN 0585-3923. Retrieved 10 November 2023.
- ^ Tan, Rebecca Lynne (3 May 2014). "Crystal Jade chief on 'marrying off' company". The Straits Times. ISSN 0585-3923. Retrieved 10 November 2023.
- ^ Yong, Debbie (26 June 2015). "Standard Chartered Private Equity invests US$52m in Crystal Jade". www.businesstimes.com.sg. Retrieved 10 November 2023.
- ^ Chong, Koh Ping (13 August 2015). "Former Crystal Jade boss gives part of money from chain's sale as bonuses to staff". The Straits Times. ISSN 0585-3923. Retrieved 10 November 2023.
- ^ "Crystal Jade Golden Palace – Singapore - a MICHELIN Guide Restaurant". MICHELIN Guide. Retrieved 9 November 2023.
- ^ "Crystal Jade – Seoul - a MICHELIN Guide Restaurant". MICHELIN Guide. Retrieved 9 November 2023.