Alex And Ani Natick Mall (2024)

FAQs

Why did Alex and Ani go out of business? ›

The brand lost much institutional knowledge with the top management exodus and struggled to maintain retail relationships. Alex and Ani closed stores, endured rounds of layoffs, and cut digital marketing and event budgets.

Effective Sunday, jewelry retailer Alex and Ani closed 20 retail stores, according to a statement from CEO Scott Burger shared with Retail Dive. Seven of the company's brick-and-mortar stores will remain open, including locations in Disney Springs in Florida and Plaza Las Américas in Puerto Rico.

The jewelry company is closing 20 locations and its headquarters in East Greenwich, Rhode Island, according to a report by The Boston Globe. The closure will mark the first time in the company's history that it will not have an office in its home state.

Early in 2023, Alex and Ani had 38 stores across the United States. In June 2023, Alex and Ani had closed another 21 stores and their corporate headquarters in Rhode Island overnight, leaving 7 locations still open.

Alex and Ani Founder Carolyn Rafaelian Has Launched a Fine Jewelry Line. The new brand, Metal Alchemist, focuses on unisex, classic jewelry designs. Metal Alchemist creates pieces in 18-karat gold, 14-karat gold, gold fill, sterling silver, and stainless steel.

The Gist: Alex and Ani faced multiple lawsuits. Financial struggles caused the company to file for bankruptcy. Alex and Ani closed 20 stores and their headquarters in 2023.

East Greenwich, RI

Alex and Ani / Headquarters

Her net worth has plummeted from an estimated $1 billion in June 2018 to roughly $100 million. (Don't feel too bad—she still owns at least a dozen homes, including spreads in Rhode Island, New York City and Venice Beach, California).

Revenue exploded, from a reported $2.2 million in 2009 to $500 million in 2016. By the time the design patent expired in 2018, Alex and Ani had become one of the fastest-growing fashion brands of all time.

Here's how you can clean your tarnished Alex. and Ani bracelets in just a few steps. You're only gonna need Tarnex, dish soap, cotton balls, and a couple bowls of water.

Who owns Alex & Ani? ›

Is ALEX AND ANI from USA? Yes, ALEX AND ANI is from USA. It's headquarters is located in East Greenwich, RI 02818, USA. What platform does ALEX AND ANI use?

Their Story

Alex and Ani is an American producer of jewellery that is located in Cranston, Rhode Island. The retail was founded by Carolyn Rafaelian in 2004 and is a combination of the first names of her daughters. Alex and Ani specialise in new age, celestial chic bangles, bracelets, necklaces, earrings and rings.

Personal life. Rafaelian is divorced from her first husband. Rafaelian is the owner of a 60-room mansion, the Belcourt of Newport, formerly known as Belcourt Castle, in Newport, Rhode Island, built in 1894.