Forever 21 has threatened closure of its UK outlets after filing for Chapter 11 bankruptcy on Sunday.
The US-owned fashion retailer has stated that it plans to close most of its international stores in Asia and Europe.
This move will leave UK outlets, including stores in London, Liverpool, and Birmingham, on the chopping block.
A spokesman indicated that the company is set to close up to 350 stores worldwide, including as many as 178 US stores.
However, having secured funding including $275 million in financing from its existing lenders and $75 million in new capital, Forever 21 intends to continue operating.
The company has said that it will focus on profitable core part of its operations, including Mexico and Latin America.
A spokesman for the company said: “Decisions as to which international locations will be closing are ongoing. We do not expect to exit any major markets in the US.
"This does not mean that we are going out of business, on the contrary, filing for bankruptcy protection is a deliberate and decisive step to put us on a successful track for the future."
Founded in 1984, the retailer currently has 815 stores in 57 countries.
Last week, it said it would exit Japan and close all 14 stores at the end of October.
