Jacmel Acquires The Boho Boutique Amid Digital Push
The jewelry distributor is looking to expand its digital presence.
The price of the acquisition was not made public.
Launched in December 2016, The Boho Boutique sells fashion jewelry, with most pieces priced under the $50 mark.
Jacmel CEO Jack Rahmey called the acquisition “an important strategic step” for bolstering the company’s digital presence.
“We feel it is a great time to diversify into the direct-to-consumer market digitally, and a brand with a solid footprint online means we can hit the ground running,” Rahmey said in a press release about the acquisition.
Saul Owide, founder of The Boho Boutique, said, “With hundreds of thousands of customers worldwide, The Boho Boutique is well positioned to prove a shrewd investment for Jacmel. Consumer appetite remains very strong for jewelry, particularly at the more affordable end of the market, and I’m confident Jacmel will continue to grow Boho exponentially using their experience and existing infrastructure available to them and wish them nothing but success.”
Owide will move on to work on new projects with Rachel Bloom NYC, a new smart bag concept set to launch this fall.
He will remain at the helm of his digital agency The Ads Man, which works with small and medium-sized e-commerce brands on website development, digital marketing, and more.
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