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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 12, 1998
Apparel America, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-4954 13-2648900
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(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1175 State Street
New Haven, Connecticut 06511
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (203) 777-5531
N/A
(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On June 11, 1998, above Registrant entered into an agreement with R.R.
Swimwear, Inc., a wholly owned subsidiary of Maxine of Hollywood, Inc., for the
sale of certain inventory of the Registrant, as well as certain machinery and
equipment and the exclusive license to use its trademarks.
Item 3. Bankruptcy or Receivership
The Registrant commenced a proceeding under Chapter 11 of the
Bankruptcy Code on June 12, 1998, to implement the transaction referred to under
Item 2 above, subject to higher or better offer, which may be made in a hearing
before the Bankruptcy Court to consider such sale.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Apparel America, Inc.
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(Registrant)
Date: June 17, 1998 /S/ Frederick M. D'Amato
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Frederick M. D'Amato, Vice President,
Finance both on behalf of the Registrant
and as its Principal Financial Officer
