July 3, 2019 / 6:13 AM / 14 days ago

Purplebricks says to pull out of U.S. business

July 3 (Reuters) - Purplebricks Group Plc said it would pull out of the U.S. market in the latest setback for the struggling British online estate agent which is already preparing to exit Australia.

The company, whose founder and chief executive quit in May after Purplebricks admitted it had lowered its standards while chasing rapid international growth, said both exits would be completed by the end of 2019. (Reporting by Samantha Machado and Noor Zainab Hussain in Bengaluru Editing by Tomasz Janowski)

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