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Alex and Ani Files for Bankruptcy Protection

Alex and Ani, the jewelry company that grew into a billion-dollar business, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday. The company, founded by Carolyn Rafaelian, listed between $100 million and $500 million each in assets and liabilities, according to the filing. Its largest unsecured debts are with property management companies. It also owes the…

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