At Emil Capital, we invest in consumer brands. We have gravitated towards consumable goods historically because of our founding sponsor, The Tengelmann Group. The Tengelmann Group is a consumer-facing company itself: it began as a wholesale business in coffee and chocolate more than a century ago, then became a retailer. Now, Tengelmann is an entrepreneurial holding company that operates businesses in the consumer space throughout North America and Europe, including home improvement, e-commerce, and clothing. As Emil’s values are shaped by the values of our investors, this heritage has contributed heavily to our current-day focus on consumer brands. The Power…