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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
SWISS ARMY BRANDS, INC.
(Name of Issuer)
Common Stock, $.10 Par Value
(Title of Class of Securities)
870827102
(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)
May 30, 1996
(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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CUSIP No. 870827102 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Victorinox AG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
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7 SOLE VOTING POWER
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NUMBER OF 8 SHARED VOTING POWER
SHARES 911,700
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING ----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
911,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
911,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
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14 TYPE OF REPORTING PERSON
CO
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CUSIP No. 870827102 13D Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Elsener, Sr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
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7 SOLE VOTING POWER
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NUMBER OF 8 SHARED VOTING POWER
SHARES 911,700
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING ----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
911,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
911,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
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14 TYPE OF REPORTING PERSON
IN
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AMENDMENT NO. 2 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, as amended by Amendment No. 1 dated April 11, 1995 filed by
the Reporting Persons with respect to the Common Stock, par value $.10 per share
("Common Stock"), of Swiss Army Brands, Inc., a Delaware corporation ("Swiss
Army"), formerly known as The Forschner Group, Inc.
The purpose of this Amendment is to report that Victorinox has
purchased a total of 121,200 shares of Swiss Army Common Stock in open market
transactions.
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 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
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contained in such amendment is inaccurate at the time of such execution.
Item 3. Source and Amount of Funds or Other Consideration.
Victorinox purchased an aggregate of 118,200 shares of Common Stock
of Swiss Army (the "Additional Shares") in open market transactions for a
purchase price of $1,414,001, 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 Swiss Army, 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:
(a) The acquisition by any person of additional securities of
Swiss Army, or the disposition of securities of Swiss Army;
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(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Swiss Army or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of Swiss
Army or any of its subsidiaries;
(d) Any change in the present board of directors or management
of Swiss Army, 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 Swiss Army;
(f) Any other material change in Swiss Army's business or
corporate structure;
(g) Changes in Swiss Army's charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of Swiss Army by any person;
(h) Causing a class of securities of Swiss Army to be delisted
from a national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
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(i) A class of equity securities of Swiss Army 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 911,700
shares of Common Stock, constituting approximately 11.1% 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 911,700 shares of Common Stock, constituting
approximately 11.1% 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 911,700 shares
of Common Stock held by Victorinox.
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(c) Except for the open market purchases by Victorinox described
below, there were no transactions in Common Stock effected during the sixty day
period prior to the date of the event which requires the filing of this
statement.
Purchase Price
Date No. Shares Per Share
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May 30, 1996 50,000 $13.25
June 3, 1996 2,000 $13.50
June 6, 1996 1,000 $13.50
June 10, 1996 1,500 $13.50
June 12, 1996 3,000 $14.00
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: June , 1996
VICTORINOX AG
By: /s/ Charles Elsener, Sr.
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Charles Elsener, Sr.
/s/ Charles Elsener, Sr.
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Charles Elsener, Sr.
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