Spanish jewellery and accessories chain Tous wants to exit its store on Regent Street and is understood to be mulling the closure of its only other UK store in Westfield London.

The closure of both stores would leave it with no UK presence. It sells through almost 400 stores globally.

It is thought a string of retailers is interested in the store on the famous shopping street. Tous debuted in the UK on Regent Street in 2008. At the time it said it wanted 20 or 30 stores within three years.

Tous said “no closure plans have been announced”. It is advised by property agent CB Richard Ellis, which declined to comment.