Purplebricks' US interim boss has a good feeling about the future

The British online estate agency, Purplebricks Group Plc, has announced that Phil Felice will be the company's US operations' interim boss where he will run Purplebricks' review of the business. Felice says he has a good feeling about the future of the company.

Purplebricks had said earlier this month it would review its U.S. operations after admitting it had chased international growth too quickly and saw its founder and chief executive officer, Michael Bruce, quitting.

"We are currently assessing a number of different scenarios around how we operate in the U.S. but remain optimistic about the opportunity for Purplebricks here," Chief Executive Officer Vic Darvey said.

In its most recent trading update, the AIM-listed company said it had materially cut investment in the United States and was assessing whether it could run a "materially scaled back U.S. business".

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