Crystal Jade Explained
| Crystal Jade Culinary Concept Holdings |
| Trading Name: | Crystal Jade |
| Type: | Private |
| Industry: | Food and beverage |
| Location: | Singapore |
| Locations: | 120 |
| Num Locations Year: | 2015 |
| Num Employees: | 4,500 |
| Num Employees Year: | 2015 |
| Parent: | L Catterton Asia (90%) |
Crystal Jade Culinary Concepts Holding 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 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. Later in June 2015, Standard Chartered Private Equity announced a 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
- Web site: Press L Catterton . 9 November 2023 . www.lcatterton.com.
- News: Tan . Melissa . 2014-04-30 . French luxury group taking over Crystal Jade . en . The Straits Times . 2023-11-10 . 0585-3923.
- News: Tan . Rebecca Lynne . 2014-05-03 . Crystal Jade chief on 'marrying off' company . en . The Straits Times . 2023-11-10 . 0585-3923.
- Web site: Yong . Debbie . 26 June 2015 . Standard Chartered Private Equity invests US$52m in Crystal Jade . 2023-11-10 . www.businesstimes.com.sg.
- News: Chong . Koh Ping . 2015-08-13 . Former Crystal Jade boss gives part of money from chain's sale as bonuses to staff . en . The Straits Times . 2023-11-10 . 0585-3923.
- Web site: Crystal Jade Golden Palace – Singapore - a MICHELIN Guide Restaurant . 9 November 2023 . MICHELIN Guide . en-SG.
- Web site: Crystal Jade – Seoul - a MICHELIN Guide Restaurant . 9 November 2023 . MICHELIN Guide . en-SG.
