Alex and Ani, the once high-profile US jewellery brand, has secured a $US17.5 million ($AU25.4 million) loan to finance working capital and business operations as it continues to rebuild the company, following its bankruptcy filing in 2021.
Former Pandora executive Scott Burger will be the new CEO of ailing jewellery company Alex and Ani just a few months after it filed for bankruptcy in June 2021.