Ted Baker is set to sell off its Ugly Brown Building headquarters in north London in a bid to raise funds following its accountancy crisis.

The struggling fashion retailer is in talks with British Airways’ pension scheme to sell off a stake in the infamous building, according to Sky News.

If finalised, the sale is expected to raise millions of pounds for Ted Baker as it continues to struggle with a host of profit warnings and a recently discovered £58m accountancy black hole.

Ted Baker owns the Ugly Brown Building and the building next door is already owned by the British Airways pension scheme.

However, a source told Sky News the sale of a stake in the building could still fall apart.

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