Inc. Magazine Names Alex and Ani in the Top 25% of Fastest-Growing Companies of America
CRANSTON, R.I., Sept. 7 /PRNewswire/ -- Leading business publication Inc. Magazine has ranked Alex and Ani, Inc. number 1,247 on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy – America's independent-minded entrepreneurs. Of the 14 Rhode Island Companies listed this year, Alex and Ani is ranked in the top three.
Carolyn Rafaelian, Alex and Ani's founder and head designer, hails from a family of jewelers where mastering their craft was not only an aspiration, but a family tradition.
Residing in Rhode Island, the jewelry capital of the world, Rafaelian knew she was destined to continue the family tradition and apprenticed herself to her father at a very young age. Carolyn launched Alex and Ani a few years ago, naming the company after her first two daughters. Once she introduced her line of patented signature bangles, necklaces, and rings, both the fashion industry and, more importantly, customers began taking notice. Celebrities, major fashion magazine editors, and the finest department stores and boutiques across the country adored the concept and design. "We are honored to be in the top 25 percent of the nation's fastest growing companies. It is a testament to the passion we have for our craft and our customers," said Rafaelian.
The company's growth continues, and, in fact, is accelerating at an unprecedented rate. Alex and Ani's CEO, Giovanni Feroce said, "These are exciting times for our company, the state of Rhode Island, and the United States in general, referring to Alex and Ani's commitment to be Made in America. He went on to say, "We are on the fast track to open many new company-owned retail locations throughout the United States, including New York, Palm Beach, Boston, and Providence in the next few months with more to follow in 2011. In addition, our business-to-business, e-commerce, international, and authorized retail partner sales are up by better than industry averages." He noted that Alex and Ani is actually ranked #65 in the retail sector.
Alex and Ani's mission is to design products that adorn the body, enlighten the mind, and empower the spirit. Rafaelian comments, "Our collections reflect a design aesthetic that celebrates each wearer's unique essence and inspire our customers to relish what is unique and authentic about them. Alex and Ani's artistry lies in drawing out the beauty that resides within."
SOURCE Alex and Ani, Inc.