Fabric is safe

It’s official: Fabric, London’s most celebrated nightspot, is safe.

A statement released by the club’s press office today confirmed the industry talk of recent days (read our earlier story here), namely that a buyer for the club has been found.

The statement reads: “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 10 and a half brilliant years, we look forward to many more.”

The good news brings to an end a short but compelling saga which began with the news that Fabric’s sister club Matter was closing for the summer because of financial difficulties. This in turn threatened the future of the entire Fabric empire, which had guaranteed loans invested in Matter.