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Alex and Ani Files for Bankruptcy

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

After ousting its founder in the wake of a restructuring and billion-dollar lawsuit accusing Bank of America of gender discrimination, Alex and Ani has filed for bankruptcy. Once valued at roughly $1 billion, the accessories retailer that catapulted to acclaim in 2004 when actor Gwyneth Paltrow donned a custom-designed apple necklace marking the birth of…

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