Purplebricks rebuilds as new CEO takes the helm

Purplebricks, the online estate agent owned by Sir Charles Dunstone, has appointed Stuart Bartlett as interim CEO.

Bartlett, a former automotive industry executive, replaces Sam Mitchell, who stepped down at the end of 2023.

He has confirmed the appointment on Linkedin, with SkyNews reporting that shareholders in Strike, Purplebricks’ parent company, were informed of the appointment this week.

Purplebricks delisted from the London stock market 18 months ago after being acquired by Strike, which is owned by Dunstone’s Freston Ventures.

The Solihull-based company was bought in June 2023 for £1 following financial struggles.

Since the takeover and restructuring, many jobs have been lost. Purplebricks consulted its 580 staff on job cuts, with around 90 redundancies expected at the time of the takeover.

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