Period pub re-opened in 2001 after being closed for over 3 years and reverting to its original name. Built by the Drapers Livery Company it probably originally had three bars. It has been opened up around a central bar and three fireplaces, and has a light and airy feel. It has a mixture of pub furniture, dining tables and settees. Apparently, Islington Labour Party was founded here in an upstairs room, so now you know who to blame! The pub closed again in 2008 but reopened bought by Ben Maschler (son of restaurant critic, Fay Maschler), who has expressed a firm commitment to keeping the Drapers very much as a pub for locals, as well as one offering good food and wines. Certainly, the comprehensive refurbishment has been sensitively handled and the pub and upstairs dining room look all but the same as before. The intention is to continue with a policy of regular guest beers and there are three real ales on at present. Per their website, their dining room is available for private hire for parties of up to 50 people.