Some dealers and antique shops remain, but others are fashion boutiques or branches of global designer brands. The street still has a reputation as a fashionable place for shopping, including the flagship stores of Ralph Lauren and Cartier. Fenwick have had a department store on Bond Street since 1891. The Phillips building at No. 101 is still used for auctions; the company was bought in 2001 by Bonhams, who spent £30 million expanding and refurbishing the premises. In 2015, Valentino announced plans to build a new flagship store on Old Bond Street.