Marks and Spencer Group PLC (LSE:MKS) has won its legal battle with Michael Gove over the proposed redevelopment of its Marble Arch store.
A High Court judge sided with the FTSE 100 retailer after the Housing Secretary had attempted to block plans to knock down and rebuild its Oxford Street department store.
Gove initially rejected the proposals as he claimed they would "fail to support the transition to a low carbon future, and would overall fail to encourage the reuse of existing resources, including the conversion of existing buildings.”
M&S has proposed to knock down the current site and rebuild it with a new 10-storey building.
The judge said Gove “misinterpreted and wrongly applied planning policy” by rejecting the proposals.