John Harris Heal established a feather dressing business at 33 Rathbone Place, moving to Tottenham Court Road in 1818. This became a family business selling beds and moved to larger premises in the same street at numbers 193-9, previously Millers Stables, with Cappers Farm behind where the family lived. This is the site now occupied by the middle part of the current Heal's complex. 1854 these premises were reconstructed as a purpose-built shop designed by James Morant Lockyer (see picture). Ambrose Heal junior joined the firm in 1893 as a furniture designer and went on to run the company very successfully. In 1983 the business was sold to Terence Conran.
The two plaques refer to two developments the first (1917) of which replaced the 1854 building. The main Tottenham Court Road elevation looks like two buildings - Heal's to the south, and Habitat to the north - but it was erected in 3 phases. The north half (5 bays) of the southern building is 1914-17 by Cecil C. Brewer and A. Dunbar Smith. This replaced the 1854 building in the photo. The southern equal-sized extension with a near-identical facade is 1936-8 by Edward Maufe. The northern Habitat building (8 bays), complementary in design, is 1961-2 by Fitzroy Robinson and Partners. It was this last building that required the demolition of the Apollo Inn.
Londonist's is worth a read.
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