Oireachtas Joint and Select Committees

Tuesday, 31 March 2015

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Female Entrepreneurship, Women in Tech Industries, Skills Needs and Balanced Regional Development: (Resumed) Discussion

1:30 pm

Ms Colette Twomey:

On the question about the multiples, the situation is that they are really competing with each other. Their remit is to give their customers the best value they can. We are in the very lucky position that we do not do an own brand, it is just the Clonakilty brand. My colleagues who are producing an own brand are in a much more competitive situation. The multiples are the big players and they squeeze on price so it is very competitive, to the point where some smaller or inefficient companies are being squeezed out. However, that is just the business in which we are involved.