Poundland’s store on Cross Street could be under threat after it has been reported that the company could become insolvent as it looks for a buyer.
There have been reports that the company could be broken up as its owners assess a number of bids for its business.
Poundland was bought for £1 by private equity firm Gordon Brothers last year.
This saw dozens of stores closed across the country, but the shop in Oswestry survived.
The company launched a sale process for Poundland last month but it is understood that owner Gordon Brothers is currently leaning away from the main solvent takeover offer for the business, meaning the group could enter insolvency in the coming days.
The bid came from Irish real estate…