British real estate portal PurpleBricks.com has confirmed that co-founder Kenny Bruce has left the company.
Bruce had been the company’s sales director and tried to turn its Australian business around before ultimately closing it in May. His brother and fellow co-founder Michael Bruce also left in May. Michael and his wife Isabel sold their shares earlier this month and German publishing giant Axel Springer increased its stake to 26.6 percent. This followed the departure of at least two other long-standing senior members.
“We’d like to thank Kenny for the role he played in creating PurpleBricks and helping grow the business into the UK’s leading estate agent,” PurpleBricks said in a statement. “We’ll build on the foundations laid by both Kenny and Michael, as we focus our future efforts on using data and technology to reset the service standards of the industry.”
Many of the changes were prompted by a profits warning issued towards the end of February. Recent announcements suggest that PurpleBricks is carefully planning for its future. It hired global PR firm Weber Shandwick to handle non-investment related PR and will sponsor Team Great Britain at the 2020 Olympics in Tokyo, Japan.