The company behind Frankfurt’s infamous Cocoon Club announced today that they have gone into administration.
While the club will remain open for the time being it’s obviously not looking good for Frankfurt’s most famous techno institution.
A statement was releaased on the Club website explains the decision whilst distancing themselves from Sven Väth and the other parts of his Cocoon empire; namely the Cocoon Artist Booking UG & Cocoon Events Management.
The statement said: “Cocoon Music Event GmbH and Cocoon Artist Booking UG are independent and separate companies, in substance as well as financially, economically and regarding the employed staff.
“The situation at CocoonClub GmbH & Co. KG does not affect the business operations of Cocoon Music Event GmbH and Cocoon Artist Booking UG in any way.
CocoonClub GmbH & Co. KG is solely a licensee of the brand “Cocoon”.
“At CocoonClub GmbH & Co. KG, Sven Väth is just a partner who is holding a share of the GmbH. Furthermore, he is the visionary, ideas provider and advising musical curator behind the club concept, but he was never involved in any daily business operations.
“Out of the wish to re-establish a trendy club of international format for electronic music in Frankfurt, Sven Väth has, together with other partners, decided to develop a club concept for the new millennium. The highly ambitious project, that has no equal world-wide, became an icon of modern clubbing in no time and has set standards and trends regarding design, sound and star-awarded cuisine.
“We deeply regret the possible loss of jobs and strongly hope that the institution “CocoonClub” can be preserved for Frankfurt’s nightlife.”
Apparently those local to the club had been predicting its demise for weeks, with two other company’s award winning restaurants shut down in May. According to the company all is not lost though: ”A bankruptcy is primarily used to save a company and not to close it,” a Cocoon spokeswoman said on Wednesday. “The whole team is working to save the club, and of course we will continue.”
Has the techno bubble burst? Is this the end of the lavish, over-engineered, clubs? We’re not sure, but don’t be surprised if CocoonClub, returns in some form or another. Probably as a warehouse.