Looks like LVMH’s aggressive expansion into the food and beverage industry is earning it some billionaire fans.
“Standard Chartered Private Equity has invested close to S$70 million in food and beverage group Crystal Jade Group Holdings, both companies announced in a media release on Thursday,” reports Channel NewsAsia.
The investment will be used to fund Crystal Jade’s regional and global expansion.
L Capital Asia, the private equity arm of LVMH Moet Hennesy, took over both Crystal Jade and the formerly known Ku De Ta last year.
Ku De Ta on the rooftop of Marina Bay Sands hotel was renamed Ce La Vi early this month.
Photo: Wikipedia
