Guernsey brewers Randalls has been sold to a group of local investors for an undisclosed sum.
The pub and restaurants firm dates back 157 years and was sold out of family ownership in 2006.
It has now been bought by CI Hospitality Limited, a group of local investors - bought together by Ravenscroft Capital Limited - who say they're committed to continuing the Randalls' tradition.
Jon Ravenscroft, CEO of Ravenscroft Capital, said:
"It is clear that there are fantastic people working across the group who work tirelessly to provide places where islanders can drink, eat, socialise, find company and create memories. They are the experts and we will listen to them and identify ways that we can make further investment for the benefit of all."
Randalls brews, distils and supplies drinks and owns and and manages more than 20 pubs, restaurants, hotels and shops across Guernsey, Alderney and Sark.
It owns and manages The Rockmount, La Reunion, Slaughterhouse, Prince of Wales and The Imperial in Guernsey and the Bel Air in Sark, while the group’s tenanted establishments are The Fermain Tavern, Hampshire Lodge, Le Gouffre, Mariners Inn, St Jacques Tavern, The Drunken Duck, The Jamaica, The London House, The Queen’s Hotel, The Red Lion, The Yacht Hotel and the Cock & Bull as well as The Last Post and La Fontaine. In 2024, Randalls bought Koi Koi in Lefebvre Street, which is being refurbished.
It also runs the duty free shop at the airport as well as Randalls Southside, Randalls Grandes Rocques, an online off-licence and the joint venture Barnstormers off licence in Alderney
Its brewery and distillery at St George’s Esplanade produces Breda Lager.
Randalls’ managing director Matt Polli has described the takeover as 'an exciting time'.
"Our new owners have made it very clear that they want to see Randalls continue to grow and thrive and that they are excited to build on the investment that has happened in recent years.
"They have local knowledge, a passion for the community and understand how to run a business in the Bailiwick and I am looking forward to working with them."
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