Alex and Ani controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Carolyn Rafaelian sues Lion Capital over alleged commitments involving Alex and Ani
Lawsuit filed
Carolyn Rafaelian sued Alex and Ani owner Lion Capital, alleging it failed to honor commitments made during the 2019 restructuring. The suit charges fraud and breach of contract and seeks to prevent Lion Capital from foreclosing on loan collateral; the allegations are not established as findings in the article.
Source excerpt
According to an amended complaint filed on June 12 in Rhode Island federal court, after Alex and Ani landed in a lawsuit with Bank of America last July over an alleged default, then-minority owner Lion Capital negotiated a settlement.
The suit charges fraud, breach of contract, several other charges, and seeks to enjoin Lion Capital from foreclosing on the loan collateral.
Carolyn Rafaelian (pictured), who founded Alex and Ani and has served as the charm brand’s chief executive officer for the last six years, is suing its current owner Lion Capital for allegedly failing to live up to commitments it made to her after she ceded control of the business in a 2019 restructuring.