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PROVIDENCE, R.I. (AP) — Rhode Island jewelry maker Alex and Ani has filed for Chapter 11 bankruptcy protection, saying in the filing it has between $100 million and $500 million in debts.
The company lists assets in a similar range, according to Wednesday’s filing.
Chapter 11 bankruptcy allows a business to restructure debt.
The company that started in Cranston in 2004 grew into a global billion-dollar brand best known for its charm bracelets.
Its largest unsecured debts are with property management companies, including Chapel Associates in Johnston, which is owed
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