<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __) 1/
---
SPECIALTY CATALOG CORP.
______________________________________________________________________
(Name of Issuer)
Common Stock, $0.01 par value per share
______________________________________________________________________
(Title or Class of Securities)
84748Q-10-3
______________________________________________________________________
(CUSIP Number)
December 31, 1998
______________________________________________________________________
(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)
- -------------------------
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 the 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 13 Pages)
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CUSIP No. 84748Q-10-3 13G Page 2 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
First Global Holdings Limited
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Organized under the laws of the British Virgin Islands
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 244,655
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 244,655
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,655
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 3 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Oracle Investments & Holdings Limited
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Organized under the laws of the British Virgin Islands
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 244,656
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 244,656
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,656
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 4 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Ionic Holdings LDC
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Organized under the laws of the Cayman Islands
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 244,655
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 244,655
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,655
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 5 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Marion Naggar's Children Settlement Trust
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Organized under the laws of England and Wales
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 733,966
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 733,966
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,966
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.4%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 6 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Rheinhold Vohlwend
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Liechtenstein
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 733,966
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
733,966
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,966
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.4%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 7 of 13 Pages
<TABLE>
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAMES OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Viktor Pech
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
N/A (b) [ ]
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OF PLACE OR ORGANIZATION
Liechtenstein
- --------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
---------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 733,966
---------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
733,966
- --------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
733,966
- --------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- --------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.4%
- --------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 8 of 13 Pages
ITEM 1(A). NAME OF ISSUER:
Specialty Catalog Corp., a Delaware corporation (the "Company").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The principal executive office of the Company is located at
21 Bristol Drive, South Easton, Massachusetts 02375.
ITEM 2(A). NAME OF PERSON FILING:
First Global Holdings Limited ("First Global")
Oracle Investments & Holdings Limited ("Oracle")
Ionic Holdings LDC ("Ionic")
Marion Naggar's Children Settlement Trust (the "Trust")
Rheinhold Vohlwend, in his capacity as trustee of the Trust
Viktor Pech, in his capacity as trustee of the Trust
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of each of First Global, Oracle, the Trust, and each of the
trustees thereof is:
Unit 18 - Mill Mall
Wickham's Cay
Road Town
Tortola
British Virgin Islands
The address of Ionic is:
Butterfield House
Fort Street
BOX 219
George Town, Grand Cayman
Cayman Islands
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 9 of 13 Pages
ITEM 2(C). CITIZENSHIP:
Each of Oracle and First Global were organized under the laws of
the British Virgin Islands.
The Trust was organized under the laws of England and Wales.
Ionic was organized under the laws of the Cayman Islands.
Messrs. Vohlwend and Pech are each citizens of Liechtenstein.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value per share
ITEM 2(E). CUSIP NUMBER:
84748Q-10-3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act.
(e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) [ ] Employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
(g) [ ] Parent holding company, in accordance with Rule 13d-1(b) (1)(ii)(G).
(h) [ ] Savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [ ] Church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.[X]
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 10 of 13 Pages
ITEM 4. OWNERSHIP:
First Global*:
(a) Amount beneficially owned: 244,655 shares
(b) Percent of class: 5.5%
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote: 244,655 shares
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 244,655 shares
(iv) Shared power to dispose or to direct the disposition of: 0
Oracle*:
(a) Amount beneficially owned: 244,656 shares
(b) Percent of class: 5.5%
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote: 244,656 shares
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 244,656 shares
(iv) Shared power to dispose or to direct the disposition of: 0
Ionic*:
(a) Amount beneficially owned: 244,655 shares
(b) Percent of class: 5.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 244,655 shares
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 244,655 shares
(iv) Shared power to dispose or to direct the disposition of: 0
The Trust*:
(a) Amount beneficially owned: 733,966 shares
(b) Percent of class: 16.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 733,966 shares
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 733,966 shares
(iv) Shared power to dispose or to direct the disposition of: 0
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 11 of 13 Pages
Rheinhold Vohlwend*:
(a) Amount beneficially owned: 733,966 shares
(b) Percent of class: 16.4%
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote: 0 shares
(ii) Shared power to vote or to direct the vote: 733,966
(iii) Sole power to dispose or to direct the disposition of: 0 shares
(iv) Shared power to dispose or to direct the disposition of: 733,966
Viktor Pech*:
(a) Amount beneficially owned: 733,966 shares
(b) Percent of class: 16.4%
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote: 0 shares
(ii) Shared power to vote or to direct the vote: 733,966
(iii) Sole power to dispose or to direct the disposition of: 0 shares
(iv) Shared power to dispose or to direct the disposition of: 733,966
* The Trust is the sole shareholder of each of Oracle, First Global and Ionic.
Messrs. Vohlwend and Pech are the trustees of the Trust, and share power over
the activities of the Trust. Messrs. Vohlwend and Pech have no direct voting or
dispositive power over shares of the Company held by the Trust, but have the
power to direct the Trust to appoint directors of Oracle, First Global and Ionic
and accordingly may be deemed to be the beneficial owner of shares owned by each
of Oracle, First Global and Ionic. Messrs. Vohlwend and Pech serve as trustees
in a fiduciary capacity and disclaim any beneficial ownership over any shares
held by the Trust.
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.
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 12 of 13 Pages
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 the undersigned certifies that, to the best of the
undersigned's knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction
having such purposes or effect.
<PAGE>
CUSIP No. 84748Q-10-3 13G Page 13 of 13 Pages
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, the undersigned each certifies that the information
set forth in this statement is true, complete and correct. Pursuant to Rule
13d-1(k)(1) under the Securities Exchange Act of 1934, each of the undersigned
agrees that this Schedule 13G may be filed jointly on behalf of itself and the
other undersigned.
February 12, 1999
--------------------
(Date)
ORACLE INVESTMENTS & HOLDINGS LIMITED
By: /s/ Elizabeth Le Poidevin
---------------------------------
Name: Elizabeth Le Poidevin
Title: Director
FIRST GLOBAL HOLDINGS LIMITED
By: /s/ Elizabeth Le Poidevin
---------------------------------
Name: Elizabeth Le Poidevin
Title: Director
IONIC HOLDINGS LDC
By: /s/ Elizabeth Le Poidevin
---------------------------------
Name: Elizabeth Le Poidevin
Title: Director
MARION NAGGAR'S CHILDREN
SETTLEMENT TRUST
By: /s/ Rheinhold Vohlwend
/s/ Viktor Pech
---------------------------------
Name: Rheinhold Vohlwend
Viktor Pech
Title: Trustees
/s/ Rheinhold Vohlwend
----------------------
Rheinhold Vohlwend, trustee
/s/ Victor Pech
---------------
Victor Pech, trustee
Represented by Walter B. Wohlwend
GENERAL POWER OF ATTORNEY
BY THIS POWER OF ATTORNEY, I
Dr. Viktor Pech, Vaduz
Liechtenstein
Hereby appoint, nominate and constitute
Mr. Walter B. Wohlwend
*6.10.1940
Vaduz/Liechtenstein
To be our true and lawful attorney within the scope of the objects and without
derogating from the generality hereof, to do and execute all or any of the
following acts, deeds and things, that is to say:
1. To ask, demand, sue for, recover, enforce payment of, receive, hold sums of
money, securities for money, debts, shares, goods, effects and things
whether movable or immovable, now or hereafter owing, payable or belonging
to us, by virtue of any securities or upon any balance of accounts or
otherwise howsoever, sign and execute and deliver valid receipts, releases
or other discharges in respect of any property whatsoever, either real or
personal and either present or future, including choses in action and in
respect of all monies, securities for money, debts, stocks, shares, goods,
wares, merchandise, chattels, and things now belonging or hereafter to
belong, become due or payable to us, whether solely or jointly with any
person, body or corporation.
2. For us to settle, compromise or submit to arbitration any accounts,
reckoning, claims or disputes whatsoever, wherein we are or at any time
hereafter shall be in any wise interested or concerned with any person
whomsoever, and to pay or receive any balance of account, reckoning, claim
or dispute as the case may be.
3. For us and in our name to compound with, or make allowance to any person
for or in respect of any debt or demand whatsoever which now is or shall or
may at any time hereafter become due or payable to us.
