Forever 21 files for Chapter 11 bankruptcy protection bbc.com

Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection in the US.

The company said it plans to "exit most international locations in Asia and Europe" but would continue to operate in Mexico and Latin America.

It expects to close up to 350 stores worldwide, a spokesperson said, including as many as 178 US stores.

Forever 21 sells inexpensive, trendy clothes and accessories, and competes against brands such as Zara and H&M.