Alpha Omeha reopens doors
After shutting it doors shortly before Christmas, and many rumors about the company shut down, Alpha Omega’s four stores all reopened before Christmas Day. The Boston Globe reported .
The Handa family is no longer running the show , but it is expected that the struggling jewelry chain will soon change hands.
The reopening of the stores confused the employees for a couple of days. They were told at one point when the stores shut down that they no longer had a job.
A review of Alpha Omega financial record by the globe showed that Handa’s debts were mounting and on Dec.22, his bank took possession of the assets at his stores.
As of Thursday, Michael O’Hara was running the daily operations at the Cambridge-based company, though Handa and his wife, Nilma, remained directors of Alpha Omega. Michael O’Hara was an investment banker with a jewelry background.