Jeweler Alex And Ani Opens Ch. 11 For Sale Or Shake-Up

Law360 (June 10, 2021, 10:50 AM EDT) -- Jewelry retailer Alex and Ani Inc. has filed for Chapter 11 protection in Delaware bankruptcy court, saying it has the full support of its secured lenders and shareholders to pursue either an equity swap or a quick sale to deal with more than $156 million in debt.

In its first-day filings late Wednesday, the Rhode Island-based company said its restructuring agreement also included a settlement of ongoing litigation between founder and ex-CEO Carolyn Rafaelian and one of its secured lenders.

Alex and Ani said the restructuring support agreement has the support of the holders of all of its $127.4 million in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!