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Evening Standard

Business

Daniel O'Boyle

PurpleBricks puts up ‘for sale’ sign and announces fresh layoffs after profit warning

Online estate agent PurpleBricks could be sold as the business launched a strategic review and announced a profit warning this morning (John Nguyen/ PA)
(Picture: PA Archive)

Online estate agent PurpleBricks could be sold as the business launched a strategic review and announced a profit warning alongside yet another round of redundancies this morning.

The PurpleBricks board said that while the brand had value because of its name recognition, it may be more likely to reach its potential “under an alternative ownership structure”.

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