London nightclub Fabric is to reopen after being bought out of administration, we're pleased to confirm. A statement was issued today, thus:

"The fabric family is delighted to announce that fabric is no longer in administration. fabric has been bought by a consortium who fully back founders Keith Reilly and Cameron Leslie's vision; nothing within the scope of the fabric ethos or team shall change. The consortium has formed a new company called Fabric Life Limited. After 10 and a half brilliant years, we look forward to many more."