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 designer who says the bangle company owes her more than $6 million.
Watch the full interview in the player above. …