Fabric nightclub sold
Administrators have sold the Fabric nightclub for an undisclosed sum.
PricewaterhouseCoopers has sold the nightclub to a new company, Fabric Life Limited for an undisclosed sum.
The company, incorporated on 17 January 2003, operated Fabric nightclub in London which has a capacity of 1,500 people and an associated record label from 77A Charterhouse Street, London.
David Chubb, partner at PricewaterhouseCoopers, 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."
