U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25 SEC FILE NO. 0-19972
CUSIP NO. 105658 10 8
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: June 1, 1996
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I--REGISTRANT INFORMATION
Full Name of Registrant: Brauns Fashions Corporation
Address of Principal Executive Office:
2400 Xenium Lane North
Plymouth, Minnesota 55441
PART II--RULES 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period.
BRAUN'S FASHIONS CORPORATION
SEC FILE NO. 0-19972
PART III--NARRATIVE
Braun's Fashions Corporation (The "Company") is a Minneapolis-based regional
retailer of women's specialty apparel which operates through its wholly owned
subsidiary, Braun's Fashions, Inc. ("BFI"). As of May 1, 1996, the Company
operated a chain of 221 stores utilizing two distinct retail formats under the
names "Brauns" (205 stores) and "Gigi" (16 stores) in 22 states in the Midwest
and Pacific Northwest. The Company's stores offer coordinated assortments of
moderately priced sportswear, sweaters, dresses and accessories.
On July 2, 1996, Braun's Fashions Corporation, a Delaware corporation, together
with its wholly-owned operating subsidiary, Brauns Fashions, Inc. (collectively,
the "Registrant") filed in the United States Bankruptcy Court for the District
of Delaware a petition for reorganization under Chapter 11 of title 11 of the
United States Code, Case Number 96- 1030(HSB) (the "Chapter 11 Filing"). The
Registrant is managing its business as debtor-in-possession subject to Court
approval for certain actions of the Registrant.
The Company is focusing significant resources in connection with the Chapter 11
Filing. The Company is attempting to complete its filing requirements with the
Securities and Exchange Commission as soon as practicable. Accordingly, the
Company has filed this Form 12b-25 for an extension with the Securities and
Exchange Commission and intends to file its Form 10-Q within the next 15 days.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Stephen W. Clark (612) 551-5106
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[ ] Yes [X ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Brauns Fashions Corporation
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: July 15,1996
By: ______________________
Stephen W. Clark
Vice President and
Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
