It has been confirmed that one of London’s biggest nightclubs, Fabric, will be sold to a new company called Fabric Life. The team that runs the club currently will remain in charge.
Adminstrator of PwC UK, David Chubb stated the following:
‘This ensures that Fabric, an iconic London club, will stay open and continue to entertain. Through the sale of the business, the jobs of over 100 people will be saved. We kept the club open during the administration and this would not have been possible without loyal employees, clientele and suppliers. We would like to thank them for their support over this period.‘
And in an official statement from the club itself, Fabric had this to say:
‘The Fabric family is delighted to announce that Fabric is no longer in administration. Fabric has been bought by a consortium who fully back founders Keith Reilly and Cameron Leslie’s vision; nothing within the scope of the Fabric ethos or team shall change. The consortium has formed a new company called Fabric Life Limited. After ten and a half brilliant years, we look forward to many more.‘