SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
KENWIN SHOPS, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
491-782-10-8
(CUSIP Number)
Michael C. Singer
8 West 40th Street
New York, NY 10018
(212) 944-6465
(Name, Address and Telephone Number of Person Authorized to
Receive Notices & Communications)
November 13, 1995
(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. [ ]
Check the following box if a fee is being paid with the
statement. [ ] (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent
or less of such class. See Rule 13d-7.)
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SCHEDULE 13D
CUSIP No. 491-782-10-8
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Argo Partners
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 New York
7. SOLE VOTING POWER
22,104
8. SHARED VOTING POWER
--
9. SOLE DISPOSITIVE POWER
22,104
10. SHARED DISPOSITIVE POWER
--
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 22,104
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0%
14. TYPE OF REPORTING PERSON* PA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
This Amendment No. 1 to Statement on Schedule 13D is
filed with respect to Kenwin Shops, Inc. (the "Issuer"), which
has its principal executive offices at 4747 Granite Drive,
Tucker, GA 30084.
Item 2. Identity and Background.
This Statement is filed by Argo Partners ("Argo").
Argo is a New York partnership, having its principal
place of business 8 West 40th Street, New York, New York 10018.
Argo's principal business is as an investment partnership.
The partners of Argo are Michael C. Singer and David M.
Fishel. Each has his business address at the address of Argo.
Each has, as his principal occupation or employment, his position
with Argo. No other person is directly or indirectly in control
of Argo.
Neither Argo nor any person named in this Item 2. has
during the last five (5) years been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
Neither Argo nor any person named in this Item 2 was
during the last five (5) years a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as
a result of such proceeding 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.
All of the persons identified in response to this Item
2. are citizens of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
On November 2, 1995, Argo received from the Issuer
41,304 shares of its Common Stock as a result of a bankruptcy
reorganization in exchange for debt cancelled as a result of the
Plan of Reorganization.
Item 4. Purpose of Transaction.
These shares were received pursuant to the Issuer's
Plan of Reorganization.
Argo reserves the right to sell securities of the
Issuer and to purchase additional securities of the Issuer and
has already sold and expects to sell more of the shares received
in the exchange.
Argo has no plan or proposal which relates to the
actions set forth in the Instructions to Item 4 of Schedule 13D
or any action similar thereto.
Item 5. Interest in Securities of the Issuer.
As of the date of this Schedule 13D, Argo holds 22,104
shares of the Common Stock or 4.0% of the outstanding shares of
Common Stock based upon information set forth in the Issuer's
Disclosure Statement.
Argo has had no transaction in the Common Stock of the
Issuer in the last sixty (60) days, except as previously reported
and as follows for the exchange described in Item 2 and the
following sales:
Date Shares Price Place
11/09/95 1,000 2-1/4 AMEX
11/09/95 1,000 2-1/8 AMEX
11/10/95 1,000 2-3/8 AMEX
11/10/95 2,000 2-1/4 AMEX
11/13/95 1,500 2-1/8 AMEX
11/13/95 200 2-1/4 AMEX
11/13/95 500 2 AMEX
11/14/95 500 2-1/16 AMEX
11/14/95 500 2 AMEX
11/15/95 2,000 2-1/8 AMEX
11/15/95 6,500 2 AMEX
11/15/95 1,000 2-1/16 AMEX
As of November 15, 1995, Argo ceased to hold 5% or more
of the Issuer's Common Stock.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
None.
Item 7. Materials To Be Filed As Exhibits.
None.
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.
ARGO PARTNERS
Dated: November 15, 1995 By: DAVID M. FISHEL
David M. Fishel
Partner
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
