Fashion chain Jaeger has gone into administration, putting jobs at risk at its Oxford branch.

Up to 700 jobs are at risk, including at the store in Magdalen Street.

The company's directors have appointed AlixPartners to oversee the process following failed attempts by the company's private equity owner Better Capital to sell the struggling business.

It has been on the market for about £30m but no buyer materialised.

Last week Better Capital sold Jaeger's debt to a company understood to be controlled by the retail billionaire Philip Day, who heads up Edinburgh Woollen Mill.

Last week it was revealed that Five Guys burger chain had applied to permission to convert Jaeger in Magdalen Street into a restaurant.