Alex and Ani Files for Bankruptcy

Rhode Island-based Jewelry Company Files Chapter 11
Alex And Ani
Courtesy: Alex and Ani Facebook

EAST GREENWICH, R.I. (WLNE) – Alex and Ani has filed for bankruptcy.

According to Bloomberg, the Rhode Island-based jewelry company filed for Chapter 11 bankruptcy protection in Delaware on Wednesday.

The company was founded in 2004 by Carolyn Rafaelian and sells charm bracelets and necklaces. Rafaelian is no longer with the company.

According to Bloomberg, mall owners Simon Property Group and Brookfield Property Partners are among the largest unsecured creditors, as they are owed millions of dollars in rent.

©WLNE-TV/ABC6 2021

Categories: News, Rhode Island