Is ALEX AND ANI closing down?

At this time, Alex and Ani is controlled by a British private equity firm and has an estimated $100 million to $500 million in debts. Currently, the company reportedly does not plan to close any of their dozens of store locations or shut down their retail website.

Why is ALEX AND ANI closing?

“In 2020, COVID-19 forced the company to pause its key strategic growth initiatives, temporarily close stores and scale back its operations in light of reduced in-store customer demand,” Robert Trabucco, Alex and Ani’s chief restructuring officer, said in a statement.

Who owns ALEX AND ANI now?

London-based Lion Capital is the company’s current majority shareholder, having acquired a 40% stake in 2014 and increasing its share to 59% in 2019.

Is ALEX AND ANI real silver?

At ALEX AND ANI, precious metals are featured in our fine jewelry collection. Each piece has a base that is made of authentic, . 925 sterling silver. From there, many designs also come with 14kt gold plating, so what you choose depends on your preferred finish.

What is so special about Alex and Ani?

Our metals are carefully crafted with safe materials and eco-friendly fabrication, a.k.a., they’re all nickel-free and pass the highest level of testing in the U.S., the country where all ALEX AND ANI jewelry is made. To “mom” is to provide love, support and guidance to those who need you.

Are Alex and Ani bracelets on Amazon real?

Yes it is real. Upon receiving them, the bracelets came in the box and velvet pouch labeled Alex and Ani.

How long does Alex and Ani take to deliver?

Standard shipping may take up to (10) business days from the transfer date. Priority may take up to (4) business days from the transfer date. Expedited may take up to (2) business days from the transfer date.

Why was Carolyn rafaelian forced out of Alex and Ani?

She was fired as the designer for her own company. Rafaelian has started a new company called Metal Alchemist. The trouble really hit a fever pitch during the summer of 2019, when Alex and Ani filed a gender discrimination lawsuit for $1.1 billion against Bank of America.

What’s going on with Alex and Ani?

The company said in a press release that it intends to operate “its currently open stores and its website as usual during the court-supervised process.” According to court documents, Alex and Ani has about 74 store leases, with about 25 still closed due to the pandemic.