BLOOMBERG Marks & Spencer (M&S) Group Plc has launched a legal challenge against the UK government’s decision to reject a plan for a new store in Marble Arch, central London where the retailer has had a presence for nearly a century. The clothing and food retailer lost government backing in July for a proposal to demolish its flagship art deco …

BLOOMBERG Uniqlo owner Fast Retailing Co’s global business head will become chief operating officer, as the retail giant grooms the next generation of leaders who might one day take the reins from founder Tadashi Yanai. Daisuke Tsukagoshi begins his new role from September 1, the Japanese company said in a statement. The appointment is part of strategy to strengthen management …

BLOOMBERG Cosmetics-maker Elf Beauty Inc has agreed to acquire drugstore skincare brand Naturium for $355 million in cash and stock. The deal is expected to double Oakland, California-based Elf’s share of retail sales in skincare to about 18%, according to a statement. “Elf SKIN is one of the fastest growing skin care brands, and Naturium joining Elf Beauty presents a …