MajorsJul 05, 2023
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Alex and Ani Assets Auctioned Off
SJ Corio Company hosted an online auction of more than 1,800 items the company left behind at its headquarters.
The Alex and Ani “Armenian Flower” bangle. Auction company SJ Corio Company recently held an online auction of computers, printers, bagging equipment and more formerly owned by Alex and Ani.
Warwick, R.I.— SJ Corio Company recently hosted an online auction of equipment and assets left behind by Alex and Ani.
The jewelry company was founded in 2004 by Carolyn Rafaelian, and at its peak had more than 70 stores.
Though the brand was a hit in the 2010s, it has struggled to find its footing in recent years, filing for Chapter 11 bankruptcy protection in 2021.
In June, The Boston Globe reported the company would close 20 of its remaining 27 locations and its headquarters in East Greenwich, Rhode Island.
Corio said it began the auction process in May but at the end of June, Alex and Ani management, “locked the doors and abandoned the assets to the landlord,” abruptly vacating its headquarters.
Corio said it coordinated with the landlord in September to move forward with the auction, which consisted of more than 1,800 lots.
The lots included assets related to the company’s distribution center, pick-to-light order picking systems, store fixtures, computers, office equipment, bagging equipment, printers, and racking.
The online auction began Monday and ended early Tuesday.
Based in Rhode Island, the SJ Corio Company has been conducting commercial and industrial auctions since 1986, shifting many of its auctions from onsite to online in recent years.
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The jewelry company was founded in 2004 by Carolyn Rafaelian, and at its peak had more than 70 stores.
Though the brand was a hit in the 2010s, it has struggled to find its footing in recent years, filing for Chapter 11 bankruptcy protection in 2021.
In June, The Boston Globe reported the company would close 20 of its remaining 27 locations and its headquarters in East Greenwich, Rhode Island.
Corio said it began the auction process in May but at the end of June, Alex and Ani management, “locked the doors and abandoned the assets to the landlord,” abruptly vacating its headquarters.
Corio said it coordinated with the landlord in September to move forward with the auction, which consisted of more than 1,800 lots.
The lots included assets related to the company’s distribution center, pick-to-light order picking systems, store fixtures, computers, office equipment, bagging equipment, printers, and racking.
The online auction began Monday and ended early Tuesday.
Based in Rhode Island, the SJ Corio Company has been conducting commercial and industrial auctions since 1986, shifting many of its auctions from onsite to online in recent years.
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