Kilquade’s Devils Edge Shirt Company tames a dragon to secure investment
DEVILS EDGE DUO SECURE €70,000 INVESTMENT
KILQUADE couple Aisling and Stephen Power nabbed themselves a dragon on last Sunday night’s ‘Dragons’ Den’ on RTE.
Entrepreneur Eamonn Quinn kept his counsel while the other dragons quizzed the Powers about their company.
Aisling and Stephen were looking for €70,000 for a 20 per cent stake in their company Devils Edge.
The company specialises in made to measure suits and shirts.
‘Everyone was quite vocal. He [Eamonn] sat in the corner almost like he was waiting in the long grass,’ said Aisling.
Quinn offered the couple the 70 per cent they were looking for, however he wanted a 40 per cent share in the business.
This was double what the husband and wife team originally offered coming in to the den.
‘We’d be delighted to accept your offer and thank you so much,’ said Stephen.
‘At least I’ll be well dressed no matter what happens,’ Eamonn said to the other dragons.
This is the seventh series of Dragons’ Den, with two brand new dragons – Alison Cowzer and Eleanor McEvoy – alongside viewers’ favourites Gavin Duffy, Barry O’Sullivan and Eamonn Quinn.
This eight part series will see a host of original and unique ideas pitched to the Dragons with everything from food, fashion, beauty, fitness, education and journalism. The series will run weekly until Sunday, June 5.
Eamonn Quinn was Marketing Director and Deputy Chairman of the Irish supermarket chain Superquinn until the company was sold in 2005. Since then Eamonn invests through the Quinn Family investment portfolio which includes private investments related to the global food retail sector, green energies and private equity funds. He is currently an Executive Chairman of Kelsius Limited, Director of Nualight, and Director of Endeco.
Aisling and Stephen Power of Devils Edge.