Yes - sort of.
The trick is that BOTH email clients must support this.
For example if you send me such an email to my personal email address, no problem. It will look pretty much as you sent it. But if you send this to me at my day job, where my email client does not support any form of rich content, then what I receive looks awful.
General comment: Therefore do not count on the recipient's email client capabilities. This is especially true of promotional communications, etc.
If look and feel are important, create your content in something like PDF. Almost everybody has, or can get, Acrobat Reader.
Or, stick with plain text messages.