FORSCHNER GROUP INC
SC 13D/A, 1995-04-17
HARDWARE
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<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D

                   Under the Securities Exchange Act of 1934

                               (Amendment No. 1)

                           THE FORSCHNER GROUP, INC.
                                (Name of Issuer)


                          Common Stock, $.10 Par Value
                         (Title of Class of Securities)


                                   346590102
                                 (CUSIP Number)


                           Herbert M. Friedman, Esq.
                        Zimet, Haines, Friedman & Kaplan
                                460 Park Avenue
                            New York, New York 10022
                                 (212) 486-1700

                 (Name, Address and Telephone Number of Persons
               Authorized to Receive Notices and Communications)



                                 April 6, 1995
           (Dates of Events 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 this statement.

                                      [ ]






Page 1 of 8 Pages.


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<TABLE>
<CAPTION>

<S>             <C>                                                <C>              <C>
- --------------------------------------------------------                                --------------------------------------------
                 CUSIP No. 346590102                                  13D                             Page 2 of 8 Pages
- --------------------------------------------------------                                --------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
     1         NAME OF REPORTING PERSON
               S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                                                                   Victorinox AG
- ------------------------------------------------------------------------------------------------------------------------------------
     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 OF DISCLOSURE OF LEGAL PROCEEDINGS
               IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)                                                                        [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION
                                                                     Switzerland
- ------------------------------------------------------------------------------------------------------------------------------------
        NUMBER OF              7      SOLE VOTING POWER
         SHARES
      BENEFICIALLY
        OWNED BY
          EACH
        REPORTING
       PERSON WITH
                          ----------------------------------------------------------------------------------------------------------
                               8      SHARED VOTING POWER

                                                                                790,500
                          ----------------------------------------------------------------------------------------------------------
                               9      SOLE DISPOSITIVE POWER


                          ----------------------------------------------------------------------------------------------------------
                              10      SHARED DISPOSITIVE POWER

                                                                                790,500
- ------------------------------------------------------------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                                                         790,500
- ------------------------------------------------------------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                            [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                                                            9.7%
- ------------------------------------------------------------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON
                                                                              CO
- ------------------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>




<TABLE>
<CAPTION>

<S>             <C>                                                <C>              <C>

- --------------------------------------------------------                                --------------------------------------------
                 CUSIP No. 346590102                                  13D                             Page 3 of 8 Pages
- --------------------------------------------------------                                --------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
     1         NAME OF REPORTING PERSON
               S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                                                              Charles Elsener, Sr.
- ------------------------------------------------------------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                             (a) [ ]
                                                                                                                            (b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
     3         SEC USE ONLY

- ------------------------------------------------------------------------------------------------------------------------------------
     4         SOURCE OF FUNDS
                                                                             N/A
- ------------------------------------------------------------------------------------------------------------------------------------
     5         CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS
               IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)                                                                        [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION
                                                                     Switzerland
- ------------------------------------------------------------------------------------------------------------------------------------
        NUMBER OF              7      SOLE VOTING POWER
         SHARES
      BENEFICIALLY
        OWNED BY
          EACH
        REPORTING
       PERSON WITH
                          ----------------------------------------------------------------------------------------------------------
                               8      SHARED VOTING POWER

                                                                                790,500
                          ----------------------------------------------------------------------------------------------------------
                               9      SOLE DISPOSITIVE POWER


                          ----------------------------------------------------------------------------------------------------------
                              10      SHARED DISPOSITIVE POWER

                                                                                790,500
- ------------------------------------------------------------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                                                         790,500
- ------------------------------------------------------------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                            [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                                                            9.7%
- ------------------------------------------------------------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON
                                                                              IN
- ------------------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>


                        AMENDMENT NO. 1 TO SCHEDULE 13D


                  Victorinox AG, a Swiss corporation ("Victorinox"), and Charles
Elsener,  Sr.,  a citizen of  Switzerland  ("Mr.  Elsener";  and  together  with
Victorinox, the "Reporting Persons"), hereby amend the Statement on Schedule 13D
dated April 6, 1995 (the "Original  Statement")  filed by the Reporting  Persons
with respect to the Common Stock, par value $.10 per share ("Common Stock"),  of
The  Forschner  Group,  Inc., a Delaware  corporation  ("Forschner").  Except as
expressly set forth herein,  there has been no material  change in the facts set
forth in the Original Statement.

                  The purpose of this  Amendment  is (i) to correct the "Date of
Event Which Requires Filing of this Statement" as set forth on the cover page of
the Original Statement from March 27, 1994 to March 27, 1995; and (ii) to report
that  Victorinox has purchased  115,000  shares of Forschner  Common Stock in an
open market transaction on April 6, 1995.

                  Each of  Victorinox  and Mr.  Elsener is  responsible  for the
completeness and accuracy of only that information concerning each of Victorinox
and Mr. Elsener, respectively,  contained herein, or in any subsequent amendment
and is not  responsible  for the  completeness  or accuracy  of any  information
concerning  the other party.  Neither  Victorinox  nor Mr.  Elsener knows or has
reason to believe  that any  information  concerning  the other party  contained
herein is inaccurate and the execution of any



                                       4
<PAGE>


subsequent  amendment by each party shall  constitute a  representation  by such
party that it  neither  knows nor has  reason to  believe  that any  information
concerning the other party contained in such amendment is inaccurate at the time
of such execution.

Item 3.  Source and Amount of Funds or Other Consideration.

                  On April 6,  1995,  Victorinox  purchased  115,000  shares  of
Common  Stock  of  Forschner  (the  "Additional   Shares")  in  an  open  market
transactions for an aggregate purchase price (including  brokerage  commissions)
of $1,264,945, paid in cash from Victorinox's working capital.

Item 4.  Purpose of Transaction.

                  Victorinox  acquired  the  Additional  Shares  for  investment
purposes.

                  Although neither Victorinox nor Mr. Elsener has formulated any
definite plans or proposals with respect to their investment in Forschner,  they
may  consider  the  acquisition  of  additional  shares of  Common  Stock or the
disposition  of some or all of the shares of Common  Stock held or to be held by
them,  depending on market  conditions  and other  circumstances.  Except as set
forth above, neither Victorinox nor Mr. Elsener has any plans or proposals which
relate to or would result in any of the following:



                                       5
<PAGE>




                           (a)      The acquisition by any person of  additional
securities of Forschner, or the disposition of securities of
Forschner;

                           (b)      An extraordinary corporate transaction, such
as a merger, reorganization or liquidation, involving Forschner
or any of its subsidiaries;

                           (c)      A sale or  transfer of a material amount of
assets of Forschner or any of its subsidiaries;

                           (d)      Any change in the present board of directors
or  management  of  Forschner,  including  any plans or  proposals to change the
number or term of directors or to fill any existing vacancies on the board;

                           (e)      Any   material    change   in  the   present
capitalization or dividend policy of Forschner;

                           (f)      Any  other  material  change  in Forschner's
business or corporate structure;

                           (g)      Changes in Forschner's  charter, by-laws  or
instruments  corresponding  thereto  or  other  actions  which  may  impede  the
acquisition of control of Forschner by any person;

                           (h)      Causing  a  class of securities of Forschner
to be delisted from a national securities exchange or to cease to be



                                       6
<PAGE>



authorized  to be quoted in an  inter-dealer  quotation  system of a  registered
national securities association;

                           (i)      A class of equity  securities  of  Forschner
becoming  eligible for termination of registration  pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934, as amended; or

                           (j)      Any   action   similar   to   any  of  those

enumerated above.

Item 5.  Interest in Securities of the Issuer.

                           (a)      Victorinox is the  beneficial  owner  of  an
aggregate of 790,500 shares of Common Stock, constituting  approximately 9.7% of
the issued and outstanding  shares of Common Stock as of the date hereof. As the
controlling  stockholder  of  Victorinox,  Mr.  Elsener  may be deemed to be the
beneficial  owner of the shares of Common Stock held by Victorinox  and thus may
be  deemed  to be the  beneficial  owner of  790,500  shares  of  Common  Stock,
constituting  approximately  9.7% of the issued and outstanding shares of Common
Stock as of the date hereof.

                           (b)      Victorinox and  Mr. Elsener  share with each
other the power to vote or direct the vote and to dispose or direct  disposition
of 790,500 shares of Common Stock held by Victorinox.




                                       7
<PAGE>


                           (c)      Except  for  the open  market  purchase   by
Victorinox  on April 6, 1995,  of 115,000  shares of Common  Stock at a price of
$10.9375  per  share  (exclusive  of  brokerage  commissions),   there  were  no
transactions  in Common Stock effected during the period since the filing of the
Original Statement and ending on the date hereof.

                  After reasonable  inquiry and to the best of the undersigned's
knowledge and belief,  the undersigned hereby certifies that the information set
forth in this statement is true, complete and correct.

Dated:  April 11, 1995
                                               VICTORINOX AG


[CAPTION]

                                               By: /s/ Charles Elsener, Sr.
                                                       Charles Elsener, Sr.

                                               By: /s/ Charles Elsener, Sr.
                                                       Charles Elsener, Sr.




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