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Rafaelian announces new venture; no longer designing for Alex and Ani

PROVIDENCE – Alex and Ani founder Carolyn Rafaelian has started a new company called Metal Alchemist, she announced on Instagram on Tuesday. “There is a...

Most-read stories on, June 2020

1. PBN announces 2020 40 Under Forty winners POSTED ONLINE: JUNE 12. Forty young professionals were chosen as the winners of Providence Business News’...
CAROLYN RAFAELIAN no longer had controlling state of Alex & Ani, according to a new lawsuit in U.S. District Court. / PBN FILE PHOTO/RUPERT WHITELEY

Lawsuit reveals Rafaelian divested control of Alex & Ani in 2019...

PROVIDENCE – Alex & Ani founder Carolyn Rafaelian is suing a private-equity firm now in control of the company, claiming that it is wrongfully...
ALEX AND ANI's lawsuit against Bank of America says that a declared default on a loan is driving the company towards bankruptcy. Above, company Founder Carolyn Rafaelian. / PBN FILE PHOTO/RUPERT WHITELEY

Details of Alex and Ani suit allege BofA reduced company valuation...

CRANSTON – Alex and Ani LLC’s lawsuit filed Thursday against Bank of America N.A. alleged that the bank’s declaration of a default on a...
ALEX AND ANI HAS demanded $1.1 billion in damages from Bank of America Corp. in a lawsuit alleging lending discrimination. / BLOOMBERG NEWS FILE PHOTO/CINDY ORD/GETTY IMAGES

Alex and Ani sues Bank of America for lending discrimination

NEW YORK –A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of America Corp....
A SCREENSHOT of a profile of Carolyn Rafaelian in the Wall Street Journal in which she said she has spent $15 million restoring Belcourt, a Newport mansion.

WSJ: Alex and Ani’s Rafaelian spent $15M restoring Belcourt

PROVIDENCE - Alex and Ani LLC founder Carolyn Rafaelian has spent $15 million restoring the Belcourt mansion in Newport, according to the Wall Street...
ALEX AND ANI'S president and chief financial officer's one-year contracts expired and were not renewed. / PBN FILE PHOTO/RUPERT WHITELEY

Alex and Ani’s president and CFO no longer under contract

CRANSTON – Alex and Ani LLC lawyer Mark Geragos confirmed to PBN Thursday that President Cindy DiPietrantonio and Chief Financial Officer Bob Woodruff are...

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