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.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel