SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
(AMENDMENT NO. 1)1
CANDIE'S, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
137-409-108
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(CUSIP Number)
June 17, 2004
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP NO. 137-409-108 13G/A Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
SWEET SPORTSWEAR, LLC (TAX ID: 95-4553362)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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NUMBER 5 SOLE VOTING POWER
OF 1,888,797
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,888,797
WITH
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,888,797
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2% (1)
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12 TYPE OF REPORTING PERSON*
OO
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(1) Based on a total of 26,120,393 shares of the issuer's Common Stock issued
and outstanding as of May 30, 2004.
Page 2 of 9
CUSIP NO. 137-409-108 13G/A Page 3 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HUBERT GUEZ
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
FRANCE
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NUMBER 5 SOLE VOTING POWER
OF 0
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,890,554
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
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8 SHARED DISPOSITIVE POWER
1,890,554
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,890,554
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
------------------ -------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2% (1)
------------------ -------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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(1) Based on a total of 26,120,393 shares of the issuer's Common Stock issued
and outstanding as of May 30, 2004.
Page 3 of 9
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 1,888,797
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.
Page 4 of 9
Guez disclaims beneficial ownership of the securities reported by
Sweet Sportswear, LLC except to the extent of his pecuniary
interest therein. The Guez Trust owns directly 1,757 shares of
the Company's Common Stock. As the Co-Trustee of the Guez Trust,
Mr. Guez may be deemed to have the power to dispose or direct the
disposition of the shares held by the Guez Trust, and may be
deemed to have the power to vote or direct the voting of such
shares.
The purpose of this Statement is to report the disposition of
shares of the Company's Common Stock by Sweet Sportswear, LLC and
the Guez Trust.
Sweet Sportswear, LLC originally acquired 3,000,000 shares of the
Company's Common Stock pursuant to the terms and conditions of an
Equity Acquisition Agreement dated as of April 22, 2002, by and
among the Company, a wholly-owned subsidiary of the Company, and
Sweet Sportswear, LLC.
From June 17, 2004 through July 6, 2004, Sweet Sportswear, LLC
sold 261,203 shares of the Company's Common Stock in several
transactions over the open market. Sales ranged from $2.55 per
share to $2.97 per share.
On June 29, 2004, Sweet Sportswear, LLC completed the transfer of
250,000 and 600,000 shares of the Company's Common Stock at $2.73
and $2.50 per share, respectively, pursuant to two separately
negotiated transactions.
On June 30, 2004, the Guez Trust sold 150,000 shares of the
Company's Common Stock at $2.50 per share in a negotiated
transaction.
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 SUBSIDIARY 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
Page 5 of 9
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 6 of 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
SWEET SPORTSWEAR, LLC
July 27, 2004
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Date
/s/ Hubert Guez
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Signature
HUBERT GUEZ / MANAGER
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Name/Title
HUBERT GUEZ
July 27, 2004
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Date
/s/ Hubert Guez
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Signature
HUBERT GUEZ
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Name/Title
Page 7 of 9
EXHIBIT INDEX
1. Joint Filing Agreement.
Page 8 of 9
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing of behalf of
each of them of the Schedule 13G (and any further amendment filed by them) with
respect to the common stock of Candie's, Inc.
/s/ Hubert Guez
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Hubert Guez
Date: July 27, 2004
SWEET SPORTSWEAR, LLC
/s/ Hubert Guez
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By: Hubert Guez
Title: Manager
Date: July 27, 2004
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).
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