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    1. Home
    2. >Business
    3. >M&S can tear down flagship Marble Arch store, says UK government
    Business

    M&s Can Tear Down Flagship Marble Arch Store, Says UK Government

    Published by Uma Rajagopal

    Posted on December 6, 2024

    2 min read

    Last updated: January 28, 2026

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    The image depicts the iconic Marks & Spencer flagship store at Marble Arch, which is set for demolition and rebuilding as approved by the UK government. This decision ends a lengthy planning battle and highlights the ongoing debate on urban architecture and heritage preservation.
    Demolition plans for Marks & Spencer Marble Arch store amidst UK government approval - Global Banking & Finance Review
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    Tags:retail tradeLondon Stock Exchangesustainabilitycorporate strategyInvestment opportunities

    By James Davey

    LONDON (Reuters) – British retailer Marks & Spencer can demolish and rebuild its flagship Marble Arch store in central London, the Ministry of Housing, Communities and Local Government said on Thursday, ending a three-year planning battle over the site.

    The fate of the Art Deco site, made up of three separate buildings, has fueled a debate about the direction of architecture in the capital, particularly whether older buildings can be demolished and rebuilt or should be retrofitted.

    The High Court had ruled in March that the then Conservative government’s decision in 2023 to block M&S’s project on heritage and environmental grounds was unlawful and told it to reconsider.

    Labour’s election win in July meant the decision fell to Angela Rayner, the deputy prime minister who is also the housing, communities and local government minister.

    She ruled on Thursday that permission should be granted.

    M&S, which is 140 years old and is one of the best-known names in British business, argued the site is impossible to develop without rebuilding. The building is located at one end of Oxford Street, London’s most famous shopping thoroughfare.

    The clothing and food retailer, which first outlined its plans for the site in 2021, wants to build a new smaller store, with restaurants, offices and a gym.

    Opponents of the redevelopment plan have argued it could harm nearby protected buildings and is at odds with the government’s desire to decarbonise the economy, due to carbon emissions in the demolition process.

    “I am delighted that, after three unnecessary years of delays, obfuscation and political posturing at its worst, under the previous Government, our plans for Marble Arch – the only retail-led regeneration proposal on Oxford Street – have finally been approved,” M&S CEO Stuart Machin said.

    Last month, M&S forecast strong Christmas trading after reporting a 17% rise in first-half profit, adding to evidence its latest turnaround plan is working. Its shares are up 46% so far this year.

    (Reporting by James Davey; Editing by Sachin Ravikumar and Frances Kerry)

    Frequently Asked Questions about M&S can tear down flagship Marble Arch store, says UK government

    1What is retail trade?

    Retail trade involves the sale of goods and services directly to consumers. It encompasses various businesses, including shops, online stores, and markets, focusing on providing products for personal use.

    2
    What is sustainability?

    Sustainability refers to the practice of meeting present needs without compromising the ability of future generations to meet theirs. In finance, it often involves investing in environmentally friendly and socially responsible projects.

    3What is corporate strategy?

    Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals and objectives. It involves decisions about resource allocation, business direction, and competitive positioning.

    4What is the London Stock Exchange?

    The London Stock Exchange (LSE) is one of the largest stock exchanges in the world, facilitating the buying and selling of shares in publicly traded companies. It plays a crucial role in global finance.

    5What are investment opportunities?

    Investment opportunities are avenues through which individuals or entities can allocate resources, typically money, with the expectation of generating a return. This can include stocks, bonds, real estate, and more.

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