RI-Based Alex And Ani Files For Bankruptcy

East Greenwich RI

10 June, 2021

11:54 AM

Description

EAST GREENWICH, RI — The Rhode Island-based jewelry company Alex and Ani has filed for Chapter 11 bankruptcy protection, reported Bloomberg on Wednesday. Alex and Ani, known for its charm bracelets and necklaces, was founded in 2004 by Carolyn Rafaelian and opened its first Rhode Island store in 2009, later expanding to include locations across the United States and in Aruba and Panama. The company's filing listed assets and liabilities of between $100 and $500 million each. Mall owners Simon Property Group Inc. and Brookfield Property Partners LP are two of its largest unsecured creditors, with each owed over $3 million in rent.