Fabric sold out of administration
Friday 25 June 2010
The administrators to Fabric have sold the iconic London nightclub to a new company recently set up by one of its former investors, in a deal that secures 100 jobs.
Gary Kilbey will become the primary shareholder in Fabric, the 1,500 people-capacity club in the capital's Farringdon area that fell into administration earlier this month.
David Chubb, the partner at PricewaterhouseCoopers and joint administrator of Fabric 591, said: "Through the sale of the business, the jobs of over 100 people will be saved." However, Matter, the former subsidiary of Fabric that was housed in London's O2 arena, is to go into liquidation.
- 1 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
- 4 How the language you speak changes your view of the world
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...