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Once-promising RI jewelry company now owes millions

Summary by WPRI 12
EAST PROVIDENCE, R.I. (WPRI) — Alex and Ani was founded by Cranston-based designer Carolyn Rafaelian back in 2004. But today, the jewelry company is a shell of its former self: it's mostly controlled by out-of-state private equity firms and owes millions to small businesses, landlords, and the town of East Greenwich. The Boston Globe RI's Alexa Gagosz joined 12 News at 4 to talk about the latest lawsuit against Alex and Ani, brought by a designe…

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Los Angeles Times broke the news in Los Angeles, United States on Wednesday, March 5, 2025.
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