The parent company of Jersey restaurants Banjo, Oyster Box and Crab Shack has been sold to a Guernsey-based business.
JPRestaurants has been acquired by Channel Island Hospitality Ltd, which owns Randalls in Guernsey.
According to the company, the new ownership will provide additional investment intended to support the long-term operation of these businesses while retaining their existing identities.
Robert Jones, managing director at JPRestaurants, said: “As a long-established Jersey business, we’re proud to be partnering with Channel Island Hospitality Ltd.
“In 2027, we will have been delighting islanders and visitors for 80 years and this new partnership brings a real opportunity to build on that legacy. I will remain a significant shareholder and the only other shareholder.
“The investment will help us adapt to Jersey’s dynamic restaurant scene and ensure we continue creating the experiences that our customers value most.
“We’ve built a loyal customer base over many decades, and there is a great deal that will remain unchanged, from our friendly, knowledgeable teams to our iconic locations.
“At the same time, guests can look forward to some carefully considered updates that will keep our sites fresh, exciting, and fun.”
JPRestaurants, which also previously operated the Café Ubé brand, was established in 1946 as a small family-owned studio pottery.
Brian O’Mahoney, head of corporate finance at Ravenscroft Capital, owners of Channel Island Hospitality Ltd, said: “JPRestaurants is a highly respected Jersey business with a strong identity and deep roots in the local community.
“Our approach is to invest in great brands and talented teams, not to dilute what already works.
“We see enormous potential in Banjo, Oyster Box and Jersey Crab Shack, and we’re excited to support the business with investment, strategic insight and long-term commitment, while preserving the individuality that makes each venue special.”
JPRestaurants will continue to run as normal throughout the transition, with day-to-day operations unchanged.