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]
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 $64,198,792.64 in 2022) 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]