By Staff

CRANSTON, R.I. (CBS) — Jewelry company Alex And Ani has filed for bankruptcy. The Rhode-Island based business was founded in 2004 and its charm bangle bracelets became extremely popular.

But it expanded quickly and faced financial problems in recent years. The company plans to continue operating the stores that are currently open, as well as its website.

Alex and Ani has dozens of stores, including one in the Natick Mall. Staff