Sunday 25 May 1997
According to a Hillier Parker survey, London will have more designer floorspace in 1998 than Paris, Milan or Los Angeles. Ralph Lauren, who is to open a new store in Bond Street in 1998 is paying an annual lease of pounds 2.5m, a London record.
Paul Smith and Ghost have acquired sites in W11, fuelling retailers' hopes of a Kings Road-style revival in Notting Hill.
Marks & Spencer announced plans to create 1,700 new jobs after if broke through the pounds 1bn pre-tax profit barrier. New stores are planned for London's Covent Garden and Bristol this year.
Sources: the Independent, the Guardian, the Daily Telegraph, Draper's Record
Life & Style blogs
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
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- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
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