## Randalls Changes Hands: A New Chapter for Guernsey’s Hospitality Icon
In a significant move that underscores the resilience of local business, Randalls, a 157-year-old hospitality institution in Guernsey, has been acquired by CI Hospitality Limited, a consortium of local investors. This rare ownership transition marks only the second change in the company’s long and storied history.
## A Landmark Transition
The acquisition, completed on March 19, 2025, represents more than just a business transaction. It symbolizes a commitment to preserving a local institution that has been integral to the Bailiwick’s hospitality landscape since 1868. More details on the acquisition can be found in this report.
## Continuity and Potential
Matt Polli, Randalls’ managing director, characterized the takeover as *”an exciting time”* for the company. The new owners have signaled their intent to maintain the core principles that have made Randalls successful while exploring potential growth opportunities. This ownership shift echoes a previous attempt that involved Sandpiper CI.
## Strategic Assets and Reach
Randalls’ portfolio is impressive, encompassing **over 20 pubs, restaurants, hotels, and shops** across Guernsey, Alderney, and Sark. Key properties include iconic venues like *The Rockmount, La Reunion, and The Imperial*, alongside strategic operations such as the airport duty-free shop. This broad reach strengthens the company’s **future growth prospects** after this acquisition. For insights into Ravenscroft Capital’s role, visit this page.
## Local Ownership, Local Vision
The involvement of Ravenscroft Capital Limited in assembling the investor group underscores a commitment to keeping the business within the local economic ecosystem. This approach suggests a nuanced understanding of the company’s **cultural and economic significance**.
## Looking Forward
While the purchase price remains undisclosed, the new owners have articulated a clear vision: **continuing Randalls’ tradition while adapting to evolving market demands**. Their pledge to work closely with the existing management team indicates a strategy of *evolutionary rather than revolutionary* change.
## Economic Implications
The acquisition ensures that **Randalls remains a locally-owned enterprise**, potentially safeguarding jobs and maintaining the **economic contributions** that have defined the company for generations.
As Randalls embarks on this new chapter, the Bailiwick watches with a mix of nostalgia and anticipation, hoping that the company’s next 157 years will be as successful as its first.
For more details on the transition and its impact, visit Channel 103 or Bailiwick Express.
