Crystal Jade

Crystal Jade Culinary Concept Holdings

Crystal Jade Hong Kong Kitchen at Suntec City Mall
Trade name	Crystal Jade
Company type	Private
Industry	Food and beverage
Founded	1991; 34 years ago (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

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. 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.

External links

• Official website