The Austin Reed branch in Cornmarket Street, Oxford.
HIGH street chain Austin Reed has appointed administrators, putting nearly 1,200 jobs across the country at risk.
The 116-year-old retailer has a branch in Cornmarket Street, Oxford.
Global business advisory firm AlixPartners was appointed joint administrator to the menswear group, which has 100 stores, 50 concessions and employs 1,184 staff.
It will continue to trade while AlixPartners seeks a rescue deal for all or part of the business.
The move deals another blow to Britain's high street following the administration of BHS on Monday, which has put 11,000 jobs under threat and threatened the closure of up to 164 stores in the biggest retail failure since Woolworths went under in 2008.
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