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Jewelry retailer Alex and Ani files for Chapter 11 bankruptcy protection

Credit: REUTERS/Mark Makela

Jewelry retailer Alex and Ani filed for Chapter 11 bankruptcy protection, according to a court filing made on Wednesday.

June 10 (Reuters) - Jewelry retailer Alex and Ani filed for Chapter 11 bankruptcy protection, according to a court filing made on Wednesday.

The company's estimated assets ranged from $100 million to $500 million as did its estimated liabilities, according to the filing made in the United States Bankruptcy Court for the District of Delaware.

Mall owners Simon Property Group Inc SPG.N and Brookfield Property Partners LP BPY.O are among its largest unsecured creditors with each being owed more than $3 million in rent payments, Bloomberg News reported earlier on Wednesday.

Alex and Ani's products include charm bracelets and necklaces. Founded in 2004 by Carolyn Rafaelian, it has locations in the United States, Aruba and Panama.

(Reporting by Kanishka Singh in Bengaluru; Editing by Edwina Gibbs)

((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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