Crystal Jade

Crystal Jade Culinary Concept Holdings
Crystal Jade
Company typePrivate
IndustryFood and beverage
Founded1991; 34 years ago (1991)
HeadquartersSingapore
Number of locations
120 (2015)
Number of employees
4,500 (2015)
ParentL Catterton Asia (90%)
WebsiteOfficial website Edit this at Wikidata

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

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

  • 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

  1. ^ "Press | L Catterton". www.lcatterton.com. Retrieved 9 November 2023.
  2. ^ a b Tan, Melissa (30 April 2014). "French luxury group taking over Crystal Jade". The Straits Times. ISSN 0585-3923. Retrieved 10 November 2023.
  3. ^ Tan, Rebecca Lynne (3 May 2014). "Crystal Jade chief on 'marrying off' company". The Straits Times. ISSN 0585-3923. Retrieved 10 November 2023.
  4. ^ Yong, Debbie (26 June 2015). "Standard Chartered Private Equity invests US$52m in Crystal Jade". www.businesstimes.com.sg. Retrieved 10 November 2023.
  5. ^ 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.
  6. ^ "Crystal Jade Golden Palace – Singapore - a MICHELIN Guide Restaurant". MICHELIN Guide. Retrieved 9 November 2023.
  7. ^ "Crystal Jade – Seoul - a MICHELIN Guide Restaurant". MICHELIN Guide. Retrieved 9 November 2023.