Group will focus on home shopping
Home shopping company N Brown is to close its door-to-door selling operation House of Stirling.

The retailer has sold the debtor book forÂŁ5.9 million and the process of formally closing the business will now start.

House of Stirling made a loss ofÂŁ2.3 million for the year to February 25.

The move is part of the group's ongoing strategy to dispose of its non-core businesses and focus on the home shopping division.

Last year, the group sold its television rental business Teleview and its financial services division, which comprised a small personal loans portfolio of aboutÂŁ10 million.

Earlier this month, N Brown bought womenswear catalogue Gray & Osbourn forÂŁ8.3 million as part of its strategy to expand the number of upmarket brands it operates and seize opportunities to develop its core retail business.

Seymour Pierce analyst Richard Ratner said: 'This is a positive move - House of Stirling was a dying business and it supports the strategy of moving the business upmarket.'

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