Sweet Sportswear SC13G/A 6-8-2005 (Candies)


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________

Schedule 13G

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
(Amendment No. 4)1 

 
Candie’s, Inc.
(Name of Issuer)
 
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
 
137-409-108 
(CUSIP Number)
 
June 8, 2005
(Date of Event which Requires Filing of this Statement)

 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
 
 
 
 
______________________________
           1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 


Page 1 of 8

 
CUSIP NO. 137-409-108
13G
Page 2 of 8 Pages

1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Sweet Sportswear, LLC (Tax ID: 95-4553362)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x 
 
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER
OF
SHARES
5
SOLE VOTING POWER
1,816,487
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
1,816,487 
 
8
SHARED DISPOSITIVE POWER
0 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,816,487 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3% (1)  
12
TYPE OF REPORTING PERSON*
OO 

 
(1)
Based on a total of 28,468,357 shares of the issuer’s Common Stock issued and outstanding as of April 28, 2005.
 
Page 2 of 8


CUSIP NO. 137-409-108
13G
Page 3 of 8 Pages

1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Hubert Guez
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x 
 
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
France
NUMBER
OF
SHARES
5
SOLE VOTING POWER
 
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
1,816,487
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
8
SHARED DISPOSITIVE POWER
1,816,487 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,816,487 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3% (1)  
12
TYPE OF REPORTING PERSON*
IN 

(1) Based on a total of 28,468,357 shares of the issuer’s Common Stock issued and outstanding as of April 28, 2005.
 
Page 3 of 8

 
Item 1(a) 
Name of Issuer:
   
  Candie’s, Inc. (the “Company”)
   
Item 1(b)
Address of Issuer's Principal Executive Offices:
   
  400 Columbus Avenue
  Valhalla, New York 10595-1335
   
Item 2(a)
Name of Person Filing:
 
 
This statement is filed on behalf of Sweet Sportswear, LLC, a California limited liability company, and Hubert Guez, an individual. Hubert Guez is the Manager of Sweet Sportswear, LLC.
 
 
Item 2(b)
Address of Principal Business Office or, if none, Residence:
   
  The principal business office of Sweet Sportswear, LLC and the address of Hubert Guez is 5804 E. Slauson Ave., Commerce, California, 90040.
   
Item 2(c)
Citizenship:
   
  Sweet Sportswear, LLC, is a limited liability company organized under the laws of California. Hubert Guez is a citizen of France.
   
Item 2(d)
Title of Class of Securities:
   
  Common Stock, par value $0.001 per share
   
Item 2(e)
CUSIP Number:
   
  137-409-108
   
Item 3
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a:
   
  Not Applicable
   
Item 4
Ownership:
   
 
Included in rows 5 through 9 and 11 on pages 2 and 3, respectively. Sweet Sportswear, LLC owns directly 1,816,487 shares of the Company’s Common Stock. Hubert Guez is the Manager of Sweet Sportswear, LLC and a Co-Trustee of the Guez Living Trust, dated December 6, 1996 (the “Guez Trust”), which has a 50% membership interest in Sweet Sportswear, LLC. In such capacities, Mr. Guez may be deemed to have the power to dispose or direct the disposition of the shares held by Sweet Sportswear, LLC, and may be deemed to have the power to vote or direct the voting of such shares. Mr. Guez disclaims beneficial ownership of the securities reported by Sweet Sportswear, LLC except to the extent of his pecuniary interest therein.
 
Page 4 of 8

 
Item 5 Ownership of Five Percent or Less of a Class
   
  Not Applicable
   
Item 6
Ownership of More than Five Percent on Behalf of Another Person
   
  Not Applicable
   
Item 7
Identification and Classification of the Sub-sidiary Which Acquired the Security Being Reported on by the Parent Holding Company
   
  Not Applicable
   
Item 8
Identification and Classification of Members of the Group
   
  Not Applicable
   
Item 9
Notice of Dissolution of Group
   
  Not Applicable
   
Item 10
Certification
   
 
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 5 of 8


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this state-ment is true, complete and correct.

 
SWEET SPORTSWEAR, LLC
   
 
June 10, 2005
 
Date
   
   
  /s/ Hubert Guez
 
Signature
   
   
 
Hubert Guez / Manager 
 
Name/Title
   
   
   
 
HUBERT GUEZ
   
   
 
June 10, 2005
 
Date
   
   
  /s/ Hubert Guez
 
Signature
   
   
 
Hubert Guez                                                             
 
Name/Title
   

Page 6 of 8


EXHIBIT INDEX

1. Joint Filing Agreement.
 
Page 7 of 8