SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. __)
HANOVER DIRECT, INC.
-----------------------------------------
(Name of Issuer)
Common Stock, $0.66 2/3 per share
-----------------------------------------
(Title of Class of Securities)
440506 10 3
-----------------------------------------
(CUSIP Number)
With copies to:
Mr. Jan du Plessis Robert P. Wessely, Esq.
Richemont Finance S.A. Brobeck, Phleger & Harrison LLP
35 Boulevard Prince Henri 1633 Broadway, 47th Floor
L 1724 Luxembourg New York, NY 10019
011-352-227-252 (212) 581-1600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 6, 1997
-----------------------------------------
(Date of Event Which Requires Filing
of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
(Continued on following pages)
Page 1 of 11 Pages
<PAGE>
CUSIP No. 440506 10 3 13D Page 2 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richemont Finance S.A.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [_]
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg
- --------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER 40,687,970 shares
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 94,762,555 shares
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 40,687,970 shares
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 94,762,555 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,450,525 shares
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 440506 10 3 13D Page 3 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richemont S.A.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [_]
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg
- --------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER 40,687,970 shares
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 94,762,555 shares
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 40,687,970 shares
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 94,762,555 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,450,525 shares
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 440506 10 3 13D Page 4 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Compagnie Financiere Richemont AG
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [_]
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland
- --------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER 40,687,970 shares
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 94,762,555 shares
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 40,687,970 shares
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 94,762,555 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,450,525 shares
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 440506 10 3 13D Page 5 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Compagnie Financiere Rupert
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [_]
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland
- --------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER 40,687,970 shares
OF --------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 94,762,555 shares
OWNED --------------------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 40,687,970 shares
REPORTING --------------------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER 94,762,555 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,450,525 shares
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- --------------------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer.
This Statement on Schedule 13D relates to shares of Common Stock, par
value $0.66 2/3 per share (the "Common Stock"), of Hanover Direct, Inc., a
Delaware corporation (the "Issuer"), whose principal executive offices are
located at 1500 Harbor Boulevard, Weehawken, New Jersey 07087.
Item 2. Identity and Background.
(a)-(c) and (f) This Statement on Schedule 13D is filed on behalf of
Richemont Finance S.A., Richemont S.A., Compagnie Financiere Richemont AG and
Compagnie Financiere Rupert (the "Reporting Persons"). The following table sets
forth the name, the State or other place of organization, the principal
business, the address of such principal business and the address of the
principal office of each of the Reporting Persons.
Name: Richemont Finance S.A.
State of organization: Luxembourg
Principal business: Finance affiliate of Compagnie
Financiere Richemont AG, a Swiss
public company with interests
primarily in the fields of luxury
goods and tobacco products
Address of principal business: 35 Boulevard Prince Henri
L 1724 Luxembourg
Address of principal office: 35 Boulevard Prince Henri
L 1724 Luxembourg
Name: Richemont S.A.
State of organization: Luxembourg
Principal business: Affiliate of Compagnie Financiere
Richemont AG, a Swiss public
company with interests primarily
in the fields of luxury goods and
tobacco products
Address of principal business: 35 Boulevard Prince Henri
L 1724 Luxembourg
Address of principal office: 35 Boulevard Prince Henri
L 1724 Luxembourg
Page 6 of 11 Pages
<PAGE>
Name: Compagnie Financiere Richemont AG
State of organization: Switzerland
Principal business: A Swiss public company with
interests primarily in the fields
of luxury goods and tobacco
products
Address of principal business: Rigistrasse 2
Zug 6300 Switzerland
Address of principal office: Rigistrasse 2
Zug 6300 Switzerland
Name: Compagnie Financiere Rupert
State of organization: Switzerland
Principal business: A financial holding partnership
limited by shares
Address of principal business: Rigistrasse 2
Zug 6300 Switzerland
Address of principal office: Rigistrasse 2
Zug 6300 Switzerland
(d)-(e) During the five years prior to the date hereof, none of the
Reporting Persons (i) has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction, as a
result of which such person was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, Federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Richemont S.A., a Luxembourg company ("Richemont S.A."), agreed, pursuant
to and subject to the terms and conditions of the Standby Purchase Agreement,
dated as of March 26, 1997, between the Issuer and Richemont S.A., to purchase,
or to cause its subsidiary, Richemont Finance S.A., to purchase, any of the
shares underlying the transferable subscription rights that were not purchased
by the holders of such rights. In connection with the closing of the rights
offering on June 6, 1997, the Reporting Persons became the beneficial owner of
40,687,970 shares of Common Stock of the Issuer, for which Richemont Finance
S.A. paid an aggregate of $36,619,173, which funds were provided from working
capital.
Item 4. Purpose of Transaction.
The Reporting Persons acquired the 40,687,970 shares of Common Stock of
the Issuer as an investment in the Issuer. Additionally, the 94,762,555 shares
of Common Stock of the Issuer over which the Reporting Persons share voting and
dispositive power are owned by NAR Group Limited,
Page 7 of 11 Pages
<PAGE>
an entity which the Reporting Persons may be deemed to control, although the
Reporting Persons disclaim beneficial ownership of such shares.
Although the Reporting Persons have not formulated any definitive plans
with respect to the shares of Common Stock of the Issuer owned by them, the
Reporting Persons may from time to time acquire, or dispose of, Common Stock
and/or other securities of the Issuer if and when they deem it appropriate,
subject to the restrictions imposed by Section 16 of the Securities Exchange Act
of 1934, as amended (the "Act"). The Reporting Persons may formulate other
purposes, plans or proposals relating to any of such securities of the Issuer to
the extent deemed advisable in light of market conditions, investment policies
and other factors.
Except as indicated in this Schedule 13D, the Reporting Persons currently
have no plans or proposals that relate to or would result in any of the other
matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. In
the future, however, the Reporting Persons reserve the right to adopt such plans
or proposals.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons beneficially own 135,450,525 shares of Common
Stock of the Issuer, which represents 67.7% of the 200,031,580 shares of Common
Stock outstanding as of June 9, 1997.
(b) The Reporting Persons have sole power to vote and dispose of
40,687,970 of the shares of Common Stock of the Issuer referred to in Item 5(a)
above and, as more fully described in Item 4 above, have shared power to vote
and dispose of 94,762,555 of the shares of Common Stock of the Issuer referred
to in Item 5(a) above. The Reporting Persons disclaim beneficial ownership of
the 94,762,555 shares of Common Stock of the Issuer owned by NAR Group Limited.
(c) Other than the transactions described in this Statement on Schedule
13D, no transactions in the shares of Common Stock of the Issuer have been
effected during the past 60 days by the Reporting Persons.
(d) Inapplicable.
(e) Inapplicable.
Page 8 of 11 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to
Securities of the Issuer.
Reference is made to Amendment No. 18 to the Statement on Schedule 13D
relating to the Common Stock of the Issuer filed on June 13, 1997 by a group
consisting of NAR Group Limited and Alan G. Quasha. The Reporting Persons are a
stockholder of NAR Group Limited and thus may be deemed to have shared voting
power with respect to the 94,762,555 shares of Common Stock of the Issuer owned
by NAR Group Limited.
Except as described in the preceding paragraph, as of the date which
requires filing of this Statement on Schedule 13D, none of the Reporting Persons
nor, to the best of their knowledge, any executive officer or director thereof,
had any contract, arrangement, understanding or relationship with one or more
security holders of the Issuer or others, with respect to the purchase, holding,
voting or disposition of shares of Common Stock or other securities of the
Issuer which are convertible or exercisable into such shares. Each of such
persons reserves the right to enter into any such contract, arrangement,
understanding or relationship in the future.
Item 7. Material to be Filed as Exhibits.
Exhibit A: Agreement among the Reporting Persons to File a Joint
Statement on Schedule 13D
Page 9 of 11 Pages
<PAGE>
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.
Date: June 16, 1997
RICHEMONT FINANCE S.A.
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
RICHEMONT S.A.
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
COMPAGNIE FINANCIERE RICHEMONT AG
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
COMPAGNIE FINANCIERE RUPERT
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
Page 10 of 11 Pages
<PAGE>
EXHIBIT A
AGREEMENT TO FILE A JOINT STATEMENT ON SCHEDULE 13D
In accordance with Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13D (including amendments thereto) with respect
to the common stock, par value $0.66 2/3 per share, of Hanover Direct, Inc., a
Delaware corporation, and further agrees that this Agreement to File a Joint
Statement on Schedule 13D be included as an Exhibit to such joint filing. In
evidence thereof, the undersigned, being duly authorized, have executed this
Agreement to File a Joint Statement on Schedule 13D this 16th day of June, 1997.
RICHEMONT FINANCE S.A.
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
RICHEMONT S.A.
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
COMPAGNIE FINANCIERE RICHEMONT AG
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
COMPAGNIE FINANCIERE RUPERT
/s/ Robert P. Wessely
-------------------------------------------
By: Robert P. Wessely, its Attorney-in-Fact
Page 11 of 11 Pages
