Crystal Jade
 | A major contributor to this article appears to have a close connection with its subject. (November 2023) |
| Crystal Jade Culinary Concept Holdings | |
|---|---|
 | |
 Crystal Jade Hong Kong Kitchen at Suntec City Mall | |
| Crystal Jade | |
| 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.
History
The first Crystal Jade restaurant opened in 1991 at Cairnhill Hotel, Singapore. 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.
In 2014, L Catterton Asia, the private equity arm of LVMH, bought about 90% shares of Crystal Jade. Later in June 2015, Standard Chartered Private Equity announced a US$52,000,000 (equivalent to $70,630,352.38 in 2025) investment into the company.
As of 2015, Crystal Jade has 120 restaurants globally with 47 located within Singapore, and employs 4,500 full-time staff.
List of awards
- One Michelin Star in Singapore Michelin Guide (2016 - 2018)
- Bib Gourmand in Shanghai Michelin Guide (2017) and Hong Kong & Macau Michelin Guide (2005 - 2016)
- Recommended Chinese Restaurant in Seoul & Shanghai Michelin Guide (2017- 2018)
References
- ↑ "Press | L Catterton". www.lcatterton.com. Retrieved 9 November 2023.
- 1 2 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.