Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Ted Baker seeks to sell Ugly Brown Building headquarters

Ted Baker is looking to sell its London headquarters to help boost its balance sheet amid an accounting crisis.

The retailer is close to striking a deal with British Airways’ pension scheme to offload a stake in its Ugly Brown Building in north London. 

Ted Baker owns its headquarters outright and a nearby building is already owned by the BA pension scheme.

The move is expected to raise tens of millions of pounds.

An independent review in January found that the retailer had overstated the value of its inventory by £58m – more than double the original estimate of £25m.

Ted Baker swung to a loss before tax of £23m for the 28 weeks to 10 August 2019, compared to a profit of £24.5m in the same period the year before.

Ted Baker HQ, The Ugly Brown Building

Ted Baker HQ, The Ugly Brown Building

 

Ted Baker’s headquarters

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.