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Fabric London in Administration

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Seems it has now been confirmed that London club Fabric has gone into administration, this following last weeks news that Matter Might Bring Its Sister Club Fabric Down and that the O2 club will shutdown for the summer, Trade magazine Property Week is today reporting, that Edward Symmons has been instructed by David Chubb and Colin Haig, joint administrators at PricewaterhouseCoopers, to find a buyer.

Colin White, partner in the hospitality and leisure division at Edward Symmons, said: “Just 24 hours after being appointed, we have already received a number of enquiries from potential purchasers.

“We anticipate continued interest in the sale of Fabric, particularly from other major club operators in London and the south east, and we are confident that a purchase will be secured for the business as a going concern.”

This following a statement from directors last Friday suggesting it was “business as usual”

**UPDATE – An official statement given to Data Transmission reads:

“Despite the administration appointment over Fabric 591 Limited, the nightclub, records and publishing continue business as usual. The nightclub enjoyed a fantastic bank holiday weekend with 3 successful events. For more information about fabric’s future events, please refer to www.fabriclondon.com

 


posted on: 07 Jun 2010