{"id":106909,"date":"2019-05-07T17:10:09","date_gmt":"2019-05-07T10:10:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-boss-exits-as-online-estate-agent-scales-back-expansion\/"},"modified":"2019-05-07T18:05:38","modified_gmt":"2019-05-07T11:05:38","slug":"purplebricks-boss-exits-as-online-estate-agent-scales-back-expansion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-boss-exits-as-online-estate-agent-scales-back-expansion\/","title":{"rendered":"Purplebricks boss exits as online estate agent scales back expansion"},"content":{"rendered":"<p>&#013;<br \/>\nMichael Bruce steps down as chief executive after firm admits it grew in US too quicklyPurplebricks has ousted its chief executive and said it would pull out of Australia and scale back its US business after the online estate agency admitted it had expanded too quickly.It is understood Michael Bruce, who founded the company in 2012 with his brother Kenny, stepped down after the chair, Paul Pinder, decided to take action following what he described on Tuesday as a \u201cdisappointing\u201d 12 months. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/business\/2019\/may\/07\/purplebricks-boss-exits-online-estate-agent-michael-bruce\" target=\"_blank\">Purplebricks boss exits as online estate agent scales back expansion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Michael Bruce steps down as chief executive after firm admits it grew in US too&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-106909","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rOl","jetpack-related-posts":[{"id":106917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-needs-to-conquer-the-uk-before-becoming-a-world-leader-nils-pratley\/","url_meta":{"origin":106909,"position":0},"title":"Purplebricks needs to conquer the UK before becoming a world leader | Nils Pratley","date":"May 8, 2019","format":false,"excerpt":"\r Departure of online estate agent\u2019s chief executive seems to signal reality biting after share price fallA year ago, Purplebricks\u2019 boast about being a \u201cworld-leading\u201d competitor to traditional estate agents sounded cheeky, but not hopelessly so. The would-be UK disrupter had launched in Australia, Canada and the US. In doing\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-chief-executive-steps-down-after-disappointing-year\/","url_meta":{"origin":106909,"position":1},"title":"Purplebricks chief executive steps down after \u2018disappointing\u2019 year","date":"May 7, 2019","format":false,"excerpt":"\r Online estate agent pulls out of Australia, concedes international growth was \u2018too rapid\u2019\r \r Source : ft.com\r Read more...Purplebricks chief executive steps down after \u2018disappointing\u2019 year","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-plans-australian-expansion\/","url_meta":{"origin":106909,"position":2},"title":"Purplebricks plans Australian expansion","date":"June 16, 2016","format":false,"excerpt":"\r Online estate agent backed by fund manager Neil Woodford making inroads into property industry\r \r Source : ft.com\r Read more...Purplebricks plans Australian expansion","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/online-estate-agency-purplebricks-targets-us\/","url_meta":{"origin":106909,"position":3},"title":"Online estate agency Purplebricks targets US","date":"February 23, 2017","format":false,"excerpt":"\r Rapid expansion into new market is met with scepticism by some analysts\r \r Source : ft.com\r Read more...Online estate agency Purplebricks targets US","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-revenues-rise-but-expansion-widens-losses\/","url_meta":{"origin":106909,"position":4},"title":"Purplebricks\u2019 revenues rise but expansion widens losses","date":"December 14, 2017","format":false,"excerpt":"\r Shares fall 9% as digital estate agency dismisses concerns over a slowdown in the UK\r \r Source : ft.com\r Read more...Purplebricks\u2019 revenues rise but expansion widens losses","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/purplebricks-chief-to-step-down-due-to-personal-reasons\/","url_meta":{"origin":106909,"position":5},"title":"Purplebricks chief to step down \u2018due to personal reasons\u2019","date":"March 10, 2022","format":false,"excerpt":"\r Vic Darvey will be replaced at online estate agent by chief operating officer Helena Marston\r \r Source : ft.com\r Read more...Purplebricks chief to step down \u2018due to personal reasons\u2019","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106909"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=106909"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106909\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}