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Alpha Omega In Financial Trouble?

12/20/2007 02:36:00 PM
There's an article in today's Globe reporting that the luxury jewelry/watch chain Alpha Omega may be in a bit of financial trouble. Like they always say, "Never judge a book by it's cover." I always thought Alpha Omega was a wildly successful jewelry chain. But then again, with all the hub-bub about us going into a recession, I guess no one has extra cash laying around for a Rolex or a Vertu phone.

According to a report on Boston Magazine's website, Raman Handa returned to his native India with his family on Saturday after several weeks of rumors about his business's financial health.

... a salesperson at one store, speaking on condition of anonymity, said that workers were called together by their manager after they clocked out on Tuesday and told "something is going on" and "in a couple of days we will find out if we are going to have new owners or if the stores will be closed."

Alpha Omega has been around in Boston/Cambridge since 1980. Whether the rumors are true or not, Good Luck to all the employees of Alpha Omega - it's a tough time of year to have to be worried about losing your job.

Click (here) to read the Globe article for yourself.



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