Purplebricks to move out of US market
Purplebricks will close its operations in the US and Australia at the end of the year to concentrate on its UK and Canadian interests.
The online estate agent is restructuring as it deals with rising losses which led to the exit of its co-founder and former chief executive Michael Bruce earlier this year.
The Sutton Coldfield-based group made pre-tax losses of £56m, caused by significant operating losses in America and Australia.
Vic Darvey, who had been the firm’s chief operating officer, succeeded Bruce as chief executiv... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...