The story
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.
From Wikipedia’s article on Crystal Jade, shared under CC BY-SA 4.0.4