Administrators expect Sven Väth's Frankfurt citadel to be be done for good by the end of the month.
The financially beleaguered Cocoon Club in Frankfurt is likely to close at the end of November.
The extravagant German club went into administration this September, though at that point closure was by no means imminent. "A bankruptcy is primarily used to save a company and not to close it," a Cocoon spokeswoman said at the time. "The whole team is working to save the club, and of course we will continue."
Unfortunately, it's looking less and less likely that the club will be saved. According to reports in Der Spiegel, Frank Mößle, one of the administrators working on the case, has said he expects Cocoon Club to cease operations by the end of November, "A long-term viable business operation, given the size and structures of the Cocoon Club, is not currently feasible," he said. The club's lease on its property has already been terminated.
The only thing that could save Cocoon Club would be the appearance of a new powerful investor, but this is unlikely. The venue employs 81 people in total. As previously reported, it is not tied in any way to the Cocoon label—something Sven Väth emphatically pointed out when the club first filed for bankruptcy.