Ted Baker completes HQ sale to British Airways’ pension fund

Ted Baker

Troubled fashion retailer Ted Baker has completed a sale and leaseback of its head office as it seeks to boost its balance sheet in the face of the Covid-19 outbreak as well as poor consumer demand.

The British Airways Pension Trustees has paid £78.75m for The Ugly Brown Building in north west London, and Ted Baker will net at least £72m, which will used to pay down debt.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue