Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

M&S gets go ahead for Marble Arch redevelopment site

M&S gets go ahead for Marble Arch redevelopment site

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Marks and Spencer has been given the green light for the redevelopment of the M&S store at Marble Arch. 

After a three-year battle, deputy prime minister Angela Rayner has approved the plans for the retailer to rebuild the store after they were initially submitted to Westminster City Council in 2021. 

Plans were initially approved by the Council but heavily opposed by heritage and sustainability experts, until former housing secretary Michael Gove refused the application in July last year. Then, earlier this year the High Court ruled that Gove had committed some mistakes while trying to block the plans. 

The Marble Arch store currently resides in Orchard House, a 1920s Art Deco building which will now be demolished to make space for a 10-story mixed use development. The new building will include a new M&S store, offices, a café and a gym.

M&S argues that the new building will be amongst the top 1% of new buildings in London on sustainable performance, and that the redevelopment would have “significant” sustainability advantages over a refurbishment, which would use more carbon and leave the building’s structural flaws “unremedied”. 

Stuart Machin, M&S CEO, said: “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. We can now get on with the job of helping to rejuvenate the UK’s premier shopping street through a flagship M&S store and office space, which will support 2,000 jobs and act as a global standard-bearer for sustainability.

“We share the Government’s ambition to breathe life back into our cities and towns and are pleased to see they are serious about getting Britain building and growing. We will now move as fast as we can.”

Previous Post
Ex-Boohoo CEO left amid stalking concerns

Ex-Boohoo CEO left amid stalking concerns

Next Post
Quiz appoints advisors amid disappointing November sales

Quiz appoints advisors amid disappointing November sales