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Figleaves founder joins Baugur as retail positions are centralised

Icelandic investor Baugur has signalled its intention to create central operations for its retail portfolios, following the appointment of founder Michael Ross to spearhead ecommerce.

Ross, who co-founded the online lingerie retailer in 1998, has joined Baugur as ecommerce manager with a remit to build online stores for the group's portfolio of companies, which includes Jane Norman, MK One and Mosaic Fashions. Baugur's smaller businesses, including PPQ and Criminal, will also benefit.

Ross will also be charged with creating new businesses that can offer ecommerce services to the Baugur portfolio.

Baugur recently appointed a head of human resources, Nadine Jones, in another centralised role. Jones is an ex-HR director for George at Asda and Austin Reed.

At the same time, Basola Valles was named investment manager for the Venture Business Unit, an arm of Baugur that acquires and develops small fashion brands and retailers. Valles, a former consultant at McKinsey & Company, replaced Aslaug Magnusdottir, who left in December.

The creation of centralised roles at Baugur is thought to be part of a strategy to take advantage of its increasing buying power for its back-office operations.

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