Alpha Omega Back in Business

Four Alpha Omega jewelry stores are back in business after being shut down last week when the chain’s owner left the country, The Boston Globe reports Monday.

The flagship store in Harvard Square and outlets in Boston, Natick, and Burlington all reopened over the weekend under the temporary control of the LaSalle Business Credit arm of Bank of America, the newspaper reports. The bank is reportedly seeking a buyer for the chain.

Alpha Omega founder Raman Handa and his family suddenly left the country and returned to his native India amid worsening financial problems, according to published reports. Records reportedly showed Raman used his own assets to bolster the stores, pledging his $2 million Lexington home as collateral.

Follow JCK on Instagram: @jckmagazine
Follow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine