Administrators have sold Fabric, one of London’s most well-known late-night dance venues, to a newly formed company called Fabric Live for an undisclosed sum.
Fabric 591, the company behind the iconic club, was incorporated in 2003 and also owned an associated record label.
M&C Report understands that one of the company’s main shareholders has purchased the club.
David Chubb, partner at PricewaterhouseCoopers (PwC) and joint administrator of Fabric 591 said:
“We are delighted to announce the sale of the company. 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."
