Boston-based investment firm Middle West Partners has acquired renowned American jewelry brand David Webb. The terms of the deal were not disclosed, but POP Capital co-invested with Middle West Partners in the acquisition of David Webb Holdings. Mark Emanuel, the previous owner, will retain a stake in the iconic jewelry company.
As part of the acquisition, James Weiss will take on the role of CEO of David Webb. Weiss, a former principal at Bain & Company and an executive at Palantir Technologies, has been involved with the company since 2017 and advised on the deal.
“I was introduced to the brand through a mutual friend and instantly fell in love with it,” Weiss shared with JCK. “David Webb is an extraordinary house with a vertically integrated business model. It’s truly a wonderful place to be a part of.”
Weiss, who is not a jewelry expert, expressed admiration for the company’s commitment to its workshop and archives. He explained, “I’ve had the chance to explore many different aspects of the company, meet the people, and connect with the brand’s values.”
Before venturing into the business world, Weiss had a background in music, working as a pianist and conductor. “As a conductor, you’re the most useless person in the orchestra,” he humorously remarked. “Your role is to add value strategically and supportively. That’s how I see my job here—building a foundation, shaping the culture, and laying out a strategic vision for long-term growth.”
Weiss emphasized that the focus will be on carefully expanding the luxury brand. “We’re not looking to open 100 new stores overnight,” he said. “Our goal is to grow relationships with customers. In the high-luxury space, it’s about offering something special and authentic to the brand’s legacy.”
He described Middle West as a “patient” investor, particularly in the luxury brand sector, which requires a long-term vision. “They understand the importance of taking the time to build something lasting and meaningful,” Weiss said. “It’s vital to protect and foster an American luxury brand like David Webb.”
Ray Simpson, a partner at POP Capital and a former executive at Harry Winston, will join the David Webb board. Simpson also serves as managing partner of Diamond Asset Advisors.
David Webb currently operates three retail salons located in New York City, Beverly Hills, and Doha, Qatar. Its headquarters, including the flagship salon, workshop, and archives, are located on Madison Avenue in Manhattan. Founded in 1948 by designer David Webb, the brand has become known for its signature animal motifs, intricate gold designs, and vibrant gemstone use.
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