Direct TV and electricals arm goes to pay for debt
N Brown Group has announced the sale of its Teleview business forÂŁ6.3 million in cash.

The direct TV and electrical goods rental company had been up for sale for some time, but in its end-of-year report the retailer's chief executive Alan White (pictured) said that a sale was imminent. The buyer has not been named.

In the year to February 26, Teleview posted sales ofÂŁ5.7 million and a loss before interest and tax ofÂŁ700,000. Net assets were approximatelyÂŁ7.3 million.

N Brown said the sale would be used to reduce debt.

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