One affter another Singapore brand being invested / bought over by the luxury goods giant, is something Singaporeans can be proud of, as it shows that Singapore brands are starting to get international attention and established themselves as an entity worth investing in.
LVMH's private-equity arm, L Capital Asia has acquired about 90% of Crystal Jade in a deal that market sources place at around US$100 million.
Crystal Jade is set to soar in coming years with LVMH's expertise in branding and marketing, as well as securing strategic locations for its outlets worldwide. There will be plan to expand to other parts of the world, including Europe and the Middle East and eventually, issue an initial public offering (IPO).
With this acquisition, will we be expecting a touch of French in future Crystal Jade's menu? This, we can't tell for sure, if not in Singapore, there might be a possibility in the European countries? But I definitely wish the taste left untouched. The minimum we can expect, is probably some new / revamped outlets with more exquisite interior design to woo a different group of patronizers? Some concern for the patronizers will probably be, will the menu prices be increasing substantially?
What do you think? Share your thoughts here...
續2011 年投資於新加坡品牌Charles & Keith，法國奢侈品牌巨擘 Moet Hennessy Louis Vuitton (LVMH) 最近透過旗下的私募基金L Capital收購了新加坡中式餐廳翡翠餐飲集團 (Crystal Jade)旗下的翡翠餐飲逾90%股份，交易作價一億美元。
Information Source/ 資料來源：
Image Source: Crystal Jade Website