U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-20769
CUSIP NUMBER
126827 10 4
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: .............................................December 31, 1996
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ]
Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition
Report on Form N-SAR
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I - Registrant Information
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Full Name of Registrant
Cable & Co. Worldwide, Inc.
Former Name if Applicable
724 Fifth Avenue
Address of Principal Executive Office (Street and Number)
New York, New York 10019
City, State and Zip Code
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Part II - Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
The Company was unable to prepare the Form 10-KSB due to information not
available at the time of filing and the Company's recently completed initial
public offering.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Alan Kandall (212) 489-9686
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earning statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
The Company anticipates that it will incur a net loss of approximately
$7,500,000 for the year ended December 31, 1996, which is primarily due to
non-cash expenses of approximately $3,500,000, an increase in mark-downs, lower
margins, the decline in the Italian lira, lower initial margins on a new product
line, increased freight and manufacturing costs and increased interest expenses.
CABLE & CO. WORLDWIDE, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
CABLE & CO. WORLDWIDE, INC.
Date: March 28, 1997 By: /s/ David Albahari
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David Albahari
President and Chief Executive Officer
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