Fabric has been bought out of administration by Fabric Life Limited.
It's been three weeks since Twitter reported rumours of Fabric going into administration, and oh happy day, they are in the bog no longer! The London club has been bought by Fabric Life Limited, a group who apparently fully support founders Keith Reilly and Cameron Leslie's concept for the renowned club.
After all this bothering news about Matter closing, T-bar closing, and the dearly loved Plastic People temporarily closing their doors, this news comes like a pot of gold after a rather thunderous time. One wonders how much Fabric was sold for, but the amount is undisclosed, so one can only guess. But, who cares, Fabric lives to breathe another day and keep its doors open for dance music fanatics all over London.
A month of uncertainty has thankfully proved hogwash, and Fabric's future is seemingly secure. Fabric states that they'll retain their ethos in entertainment and continue to bring the finest clubbing events to London.
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