ALEX AND ANI RECEIVES INVESTMENT: Growing lifestyle brand and specialty retailer Alex and Ani has received a growth investment of an unspecified amount from private equity firm JH Partners. Although the company offers eco-friendly, positive energy products created by designer Carolyn Rafaelian, its signature design is a patented expandable bangle.
Giovanni Feroce, chief executive officer of the brand, said, “JH Partners’ experience in growing differentiated consumer brands, and their appreciation of our vision, make them the ideal partner as Alex and Ani moves to its next stage. We look forward to drawing on their expertise as we advance our brand regionally, nationally and globally.”
This story first appeared in the October 23, 2012 issue of WWD. Subscribe Today.
John Hansen, managing partner at JH Partners, said, “The consumer experience and personal nature of the Alex and Ani brand, in addition to the strong track record of performance the company has generated over the past several years, convince us that this lifestyle brand has tremendous growth potential.”
Alex and Ani operates retail stores in 11 states, and its new store rollout plan for the balance of 2012 and 2013 will extend into 18 additional states.