UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
TOMMY HILFIGER CORPORATION
(Name of Issuer)
ORDINARY SHARES, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
G8915Z10
(CUSIP Number)
JOEL J. HOROWITZ
C/O TOMMY HILFIGER U.S.A., INC.
25 WEST 39TH STREET
NEW YORK, NEW YORK 10018
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 24, 1998
(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(e), 13d-1(f) or 13d-1(g), check the following
box: [ ]
(Continued on following pages)
(Page 1 of 18 Pages)
<PAGE>
SCHEDULE 13D/A
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 2 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ANASTA HOLDINGS LIMITED
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 271,378
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,045,930
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
<PAGE>
SCHEDULE 13D
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 3 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SPORTSWEAR HOLDINGS LIMITED
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 6,142,187
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,045,930
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
<PAGE>
SCHEDULE 13D
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 4 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTLEIGH LIMITED
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 6,142,187
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,045,930
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
4
<PAGE>
SCHEDULE 13D
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 5 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FLAIR INVESTMENT HOLDINGS LIMITED
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 6,142,187
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,045,930
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
5
<PAGE>
SCHEDULE 13D
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 6 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THOMAS J. HILFIGER
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,984,274
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
10,000
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,055,930
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
6
<PAGE>
SCHEDULE 13D
- ----------------------------------------- ----------------------------------
CUSIP NO. G8915Z10 Page 7 of 18
- ----------------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOEL J. HOROWITZ
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF-OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 668,691
------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
10,600
EACH
------------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 9,045,930
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,056,530
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
7
<PAGE>
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and restated as follows:
This Statement (Amendment No. 1) is being filed by Anasta
Holdings Limited, a British Virgin Islands corporation ("Anasta"), Sportswear
Holdings Limited, a British Virgin Islands corporation ("Sportswear"), Westleigh
Limited, a British Virgin Islands corporation ("Westleigh"), Flair Investment
Holdings Limited, a British Virgin Islands corporation ("Flair"), Thomas J.
Hilfiger ("Hilfiger") and Joel J. Horowitz ("Horowitz" and, collectively with
Anasta, Sportswear, Westleigh, Flair and Hilfiger, the "Filing Persons") to
amend the Statement on Schedule 13D filed with the Securities and Exchange
Commission on May 18, 1998 by the Filing Persons, Pepe Jeans London Corporation,
a British Virgin Islands corporation ("PJLC"), Blackwatch Investments Limited, a
British Virgin Islands corporation ("Blackwatch"), and AIHL Investment Group
Limited, a British Virgin Islands corporation ("AIHL" and, collectively with the
Filing Persons, PJLC and Blackwatch, the "Original Filing Persons").
Anasta's principal business is investment holdings. The
principal business address and the address of the principal office of Anasta is
The Tropic Isle Building, P.O. Box 438, Wickhams Cay, Tortola, British Virgin
Islands. The capital stock of Anasta is owned by a revocable trust, the settlor
of which is Silas K.F. Chou, the Chairman of the Board of Directors of the
Company.
Sportswear is directly owned 50% by Westleigh and 50% by
Flair. Sportswear's principal business is investment holdings. The principal
business address and the address of the principal office of Sportswear is
Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.
8
<PAGE>
Westleigh's principal business is investment holdings. The
principal business address and the address of the principal office of Westleigh
is Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.
Westleigh is ultimately controlled by its directors, Kuang-Piu Chao, Silas K.F.
Chou, Ronald K.Y. Chao, a director of the Company, and Susana Chou.
Flair's principal business is investment holdings. The
principal business address and the address of the principal office of Flair is
Woodbourne Hall, P.O. Box 3162, Road Town, Tortola, British Virgin Islands.
Flair is a wholly-owned subsidiary of Gadwal Limited, a Hong Kong corporation
("Gadwal"). The capital stock of Gadwal is owned by a trust, of which Lawrence
S. Stroll, an executive officer and director of the Company, is the beneficiary.
Gadwal's principal business is investment holdings. The principal business
address and the address of the principal office of Gadwal is 17/F, Princes
Building, 10 Chater Road, Central, Hong Kong.
Hilfiger is the Company's Honorary Chairman and Principal
Designer. Horowitz is the Company's Chief Executive Officer and President. The
Company designs, sources and markets men's and women's sportswear, jeanswear and
childrenswear under the TOMMY HILFIGER(R) and other trademarks. The business
address for Hilfiger is Tommy Hilfiger U.S.A., Inc., 485 Fifth Avenue, New York,
New York 10017. The business address for Horowitz is Tommy Hilfiger U.S.A.,
Inc., 25 West 39th Street, New York, New York 10018. Each of Hilfiger and
Horowitz is a citizen of the United States of America.
Set forth in Appendix A attached hereto and incorporated
herein by reference are the name, title, business address, principal occupation
and address of the business in which the principal occupation is conducted, and
citizenship of each executive officer and director of the Filing Persons and
other entities as to which such information is required to be disclosed in
response to Item 2 and General Instruction C to Schedule 13D.
During the last five years, none of the Filing Persons, or, to
the knowledge of the Filing Persons, any of the persons listed on Appendix A
hereto, (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) has been 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated as follows:
On May 8, 1998, PJLC acquired 9,045,930 Ordinary Shares (the
"Transaction Shares") in connection with its sale of all of the outstanding
shares of capital stock of Pepe Jeans USA, Inc. to Tommy Hilfiger U.S.A., Inc.
("TH USA"), a wholly owned subsidiary of the Company, pursuant to a Stock
Purchase Agreement, dated as of January 31, 1998, by and among the Company, TH
USA, Tommy Hilfiger (Eastern Hemisphere) Limited and PJLC (the "Stock Purchase
Agreement") for $730,760,000 in cash and the Transaction Shares. The Stock
Purchase
9
<PAGE>
Agreement is included as Exhibit (1) and is incorporated herein by reference.
Prior to the acquisition of the Transaction Shares by PJLC,
Hilfiger owned 10,000 Ordinary Shares previously acquired by him with personal
funds. Prior to the acquisition by PJLC of the Transaction Shares, Horowitz
owned 10,600 Ordinary Shares previously acquired by him with personal funds.
On July 24, 1998, (a) PJLC transferred the Transaction Shares
to Blackwatch, (b) Blackwatch transferred the Transaction Shares that it
received from PJLC to AIHL and Anasta, and (c) AIHL transferred the Transaction
Shares that it received from Blackwatch to Sportswear, Hilfiger and Horowitz.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended and restated as follows:
PJLC acquired the Transaction Shares for investment purposes
in connection with the sale of the capital stock of Pepe Jeans USA, Inc. to TH
USA pursuant to the Stock Purchase Agreement.
The Filing Persons contemplate that the Transaction Shares may
be further transferred among the Filing Persons as permitted under the
provisions of the Lock-Up Agreement described in Item 6 below.
Other than as described above, none of the Filing Persons has
any plan or proposal which relates to or would result in any of the transactions
described in clauses (a) through (j) of Item 4 of Form 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated as follows:
As of July 24, 1998, Anasta directly beneficially owns 271,378
Ordinary Shares and may be deemed to beneficially own an additional 8,774,552
Ordinary Shares due to the fact that it is a party to the Lock-Up Agreement
described in Item 6 below, together representing 19.3% of the outstanding
Ordinary Shares.
As of July 24, 1998, Sportswear directly beneficially owns
6,142,187 Ordinary Shares and may be deemed to beneficially own an additional
2,903,743 Ordinary Shares due to the fact that it is a party to the Lock-Up
Agreement described in Item 6 below, together representing 19.3% of the
outstanding Ordinary Shares.
As of July 24, 1998 each of Westleigh and Flair may be deemed
to beneficially own 9,045,930 Ordinary Shares, representing 19.3% of the
outstanding Ordinary Shares, through their respective direct ownership of the
capital stock of Sportswear.
As of July 24, 1998, Hilfiger directly beneficially owns
1,984,274 Ordinary Shares and may be deemed to beneficially own an additional
7,071,656 Ordinary Shares due to the fact that he is a party to the Lock-Up
Agreement described in Item 6 below, together representing 19.4% of the
outstanding Ordinary Shares.
As of July 24, 1998, Horowitz directly beneficially owns
668,691 Ordinary Shares and may be deemed to beneficially own an additional
8,387,839 Ordinary Shares due to the fact that he is a party to the Lock-Up
Agreement described in Item 6 below, together representing 19.4% of the
outstanding Ordinary Shares.
The Filing Persons may be deemed to have shared dispositive
power over the Transaction Shares (9,045,930 Ordinary Shares). Hilfiger has sole
voting power over 1,984,274 Ordinary Shares and sole dispositive power over
10,000 Ordinary Shares. Horowitz has sole voting power over 668,691 Ordinary
Shares and sole dispositive power over 10,600 Ordinary Shares. Anasta has sole
voting power over 271,378 Ordinary Shares. Sportswear, Westleigh and Flair may
be deemed to share voting power over the 6,142,187 Ordinary Shares directly
beneficially owned by Sportswear.
10
<PAGE>
Other than as described above in Item 3, none of the Filing
Persons or, to the knowledge of the Filing Persons, any of the persons listed in
Appendix A hereto, has effected any transactions in the Ordinary Shares during
the sixty days preceding the date of this report, except that since May 18,
1998, the date of filing of the original statement on Form 13D, the various
investment companies of which Messrs. Romagossa and Palliser serve as directors
have disposed of 1,700 Ordinary Shares.
Annex A hereto sets forth additional information, to the
knowledge of the Filing Persons, as to the beneficial ownership of Ordinary
Shares (other than the Transaction Shares) by the persons listed in Annex A.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended and restated as follows:
Lock-Up Agreement. At the time that the parties entered into
the Stock Purchase Agreement, PJLC, Blackwatch, AIHL, Anasta, Sportswear,
Westleigh, Gadwal (which subsequently assigned its rights and obligations
thereunder to Flair), Hilfiger and Horowitz entered into a Lock-Up Agreement
(the "Lock-Up Agreement") with the Company. Under the Lock-Up Agreement, the
Original Filing Persons agreed, with certain exceptions, that prior to May 8,
2000, they will not sell or transfer the Transaction Shares. This transfer
restriction does not apply to (1) sales or transfers of 3% of the Transaction
Shares (i) to another Original Filing Person or a permitted transferee thereof
or (ii) to any person or entity so long as Anasta beneficially owns such shares
following the sale or transfer, (2) sales or transfers of the remaining 97% of
the Transaction Shares so long as following such sale or transfer such
Transaction Shares are beneficially owned 22.5% by Hilfiger, 7.5% by Horowitz,
35% by Westleigh and 35% by Flair, (3) sales or transfers upon Hilfiger's or
Horowitz's death or incapacity to their respective legal or personal
representatives and (4) transfers or sales in connection with a merger,
consolidation or other business combination of the Company. The Original Filing
Persons also agreed in the Lock-Up Agreement, subject to certain exceptions,
that from May 8, 2000 until May 8, 2003 they will not sell or transfer the
Transaction Shares to any person or entity who would, to such Original Filing
Person's knowledge, beneficially own, immediately following the sale or
transfer, 5% or more of the then outstanding Ordinary Shares.
The provisions of the Lock-Up Agreement providing for the
restriction on transfers through May 8, 2000 and the permitted exceptions
described above may be amended only with the approval of a majority of votes
cast at a meeting of shareholders of the Company (excluding the votes cast by
the Original Filing Persons and their affiliates). The Lock-Up Agreement is
included as Exhibit (2) and is incorporated herein by reference.
Registration Rights Agreement. On May 8, 1998, the Original
Filing Persons entered into a Registration Rights Agreement (the "Registration
Rights Agreement") with the Company. Under the Registration Rights Agreement,
the Original Filing Persons, along with their successors and permitted
transferees under the Lock-Up Agreement (collectively, the "Holders") will have
the right to require the Company to register sales by the Holders of the
Transaction Shares after May 8, 2000. The Holders are limited to a total of four
such demand registrations. Any demand registration must include at least
1,000,000 Transaction Shares (subject to adjustment for stock splits and similar
actions involving the Ordinary Shares).
In addition, if following May 8, 2000, the Company proposes to
file a registration statement under the Securities Act of 1933, as amended, that
would also permit registration of the Transaction Shares (with certain
exceptions), then the Company will provide the Holders an opportunity to
register their Transaction Shares in connection with such registration. The
11
<PAGE>
Registration Rights Agreement is filed as Exhibit (3) hereto and is incorporated
herein by reference.
12
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
August 7, 1998
ANASTA HOLDINGS LIMITED
SPORTSWEAR HOLDINGS LIMITED
WESTLEIGH LIMITED
FLAIR INVESTMENT HOLDINGS LIMITED
THOMAS J. HILFIGER
JOEL J. HOROWITZ
By: SPORTSWEAR HOLDINGS LIMITED
By: /s/ Silas K. F. Chou*
Name: Silas K. F. Chou
Title: President, Treasurer and Director
* For each of the Filing
Persons pursuant to the
Joint Filing Agreement
dated May 14, 1998
Annex A
The name, title, business address, present principal
occupation and the address of business in which the principal occupation is
conducted, and citizenship of each director and executive officer of Anasta
Holdings Limited, are set forth below.
<TABLE>
<CAPTION>
PRESENT ADDRESS OF BUSINESS
PRINCIPAL IN WHICH PRINCIPAL
NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP
<S> <C> <C> <C> <C> <C>
Gath A.T. Hewlett Vice Hamilton Trust and Corporate Hamilton Trust and Great
President, Management Company Manager of Management Company Britain
Treasurer The Tropic Isle Building Hamilton Trust The Tropic Isle Building
and Director P.O. Box 438 and Management P.O. Box 438
Wickhams Cay, Tortola Company Wickhams Cay, Tortola
British Virgin Islands British Virgin Islands
Merthlyn Penn Director Hamilton Trust and Corporate Hamilton Trust and Great
Management Company Manager of Management Company Britain
The Tropic Isle Building Hamilton Trust The Tropic Isle Building
P.O. Box 438 and Management P.O. Box 438
Wickhams Cay, Tortola Company Wickhams Cay, Tortola
British Virgin Islands British Virgin Islands
Linda Massac President Hamilton Trust and Corporate Hamilton Trust and Great
and Director Management Company Manager of Management Company Britain
The Tropic Isle Building Hamilton Trust The Tropic Isle Building
P.O. Box 438 and Management P.O. Box 438
Wickhams Cay, Tortola Company Wickhams Cay, Tortola
British Virgin Islands British Virgin Islands
</TABLE>
13
<PAGE>
The name, title, business address, present principal
occupation and the address of business in which the principal occupation is
conducted, and citizenship of each director and executive officer of Sportswear
Holdings Limited, are set forth below.
<TABLE>
<CAPTION>
PRESENT ADDRESS OF BUSINESS
PRINCIPAL IN WHICH PRINCIPAL
NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP
<S> <C> <C> <C> <C> <C>
Silas K.F. Chou President, Novel Enterprises Ltd. Director and Tommy Hilfiger Corporation Portugal
Treasurer 12/F, Novel Industrial Bldg. Executive 6/F, Precious Industrial Centre
and Director 850-870 Lai Chi Kok Road Officer of the Cheung Sha Wan, Kowloon
Cheung Sha Wan, Kowloon Company Hong Kong
Hong Kong
Director and Novel Enterprises Ltd.
Executive 12/F, Novel Industrial Bldg.
Officer of Novel 850-870 Lai Chi Kok Road
Enterprises Cheung Sha Wan, Kowloon
Limited Hong Kong
Lawrence S. Stroll Vice Pepe Group Limited Director and Tommy Hilfiger Corporation Canada
President, 11 Lower Square Executive 6/F, Precious Industrial Centre
Managing Old Isleworth Officer of the Cheung Sha Wan, Kowloon
Director and Middlesex, UK TW7 6BN Company Hong Kong
Director
Ronald K.Y. Chao* Director Novel Enterprises Ltd. Director and Novel Enterprises Ltd. Great
12/F, Novel Industrial Bldg. Executive 12/F, Novel Industrial Bldg. Britain (HK)
850-870 Lai Chi Kok Road Officer of Novel 850-870 Lai Chi Kok Road
Cheung Sha Wan, Kowloon Enterprises Cheung Sha Wan, Kowloon
Hong Kong Limited Hong Kong
Leo Stroll Director Tommy Hilfiger Canada Director and Tommy Hilfiger Canada Inc. Canada
Inc. Executive 7077, avenue du Parc
7077, avenue du Parc Officer of Tommy Suite #502
Suite #502 Hilfiger Canada Montreal, Quebec
Montreal, Quebec Inc. Canada H3N 1X7
Canada H3N 1X7
</TABLE>
- ----------
* See Notes to Annex A
14
<PAGE>
The name, title, business address, present principal
occupation and the address of business in which the principal occupation is
conducted, and citizenship of each director of Westleigh Limited, are set forth
below.
<TABLE>
<CAPTION>
PRESENT ADDRESS OF BUSINESS
PRINCIPAL IN WHICH PRINCIPAL
NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP
<S> <C> <C> <C> <C> <C>
Kuang-Piu Chao Director 12/F, Novel Industrial Director and 12/F, Novel Industrial Building China
Building Executive 850-870 Lai Chi Kok Road
850-870 Lai Chi Kok Road Officer of Novel Cheung Sha Wan, Kowloon
Cheung Sha Wan, Kowloon Enterprises Hong Kong
Hong Kong Limited
Silas K.F. Chou Director Novel Enterprises Ltd. Director and Tommy Hilfiger Corporation Portugal
12/F, Novel Industrial Bldg. Executive 6/F, Precious Industrial Centre
850-870 Lai Chi Kok Road Officer of the Cheung Sha Wan, Kowloon
Cheung Sha Wan, Kowloon Company Hong Kong
Hong Kong
Director and Novel Enterprises Ltd.
Executive 12/F, Novel Industrial Bldg.
Officer of Novel 850-870 Lai Chi Kok Road
Enterprises Cheung Sha Wan, Kowloon
Limited Hong Kong
Ronald K.Y. Chao* Director Novel Enterprises Ltd. Director and Novel Enterprises Ltd. Great
12/F, Novel Industrial Bldg. Executive 12/F, Novel Industrial Building Britain (HK)
850-870 Lai Chi Kok Road Officer of Novel 850-870 Lai Chi Kok Road
Cheung Sha Wan, Kowloon Enterprises Cheung Sha Wan, Kowloon
Hong Kong Limited Hong Kong
Susana Chou Director Avenida de Vendeslau de Director and Novel Enterprises Ltd. Portugal
Morais Executive 12/F, Novel Industrial Building
No. 181-183 Edificio Officer of 850-870 Lai Chi Kok Road
Industrial Va Novel Cheung Sha Wan, Kowloon
Meng, Enterprises Hong Kong
1 Andar, Macau Limited
</TABLE>
- ----------
* See Notes to Annex A
15
<PAGE>
The name, title, business address, present principal
occupation and the address of business in which the principal occupation is
conducted, and citizenship of each director of Flair Investment Holdings
Limited, are set forth below.
<TABLE>
<CAPTION>
PRESENT ADDRESS OF BUSINESS
PRINCIPAL IN WHICH PRINCIPAL
NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP
<S> <C> <C> <C> <C> <C>
Lawrence S. Stroll Director Pepe Group Limited Director and Tommy Hilfiger Corporation Canada
11 Lower Square Executive 6/F, Precious Industrial Centre
Old Isleworth Officer of the Cheung Sha Wan, Kowloon
Middlesex, UK TW7 6BN Company Hong Kong
Marcos Romagosa* Director IMG (Monaco) Officer of IMG IMG (Monaco) Spain
Est-Ouest (Monaco) Est-Ouest
24, Blvd. Princess Charlotte 24, Blvd. Princess Charlotte
Monte-Carlo Monte-Carlo
MC 98000 Monaco MC 98000 Monaco
John Palliser* Director IMG (Monaco) Officer of IMG IMG (Monaco) Great
Est-Ouest (Monaco) Est-Ouest Britain
24, Blvd. Princess Charlotte 24, Blvd. Princess Charlotte
Monte-Carlo Monte-Carlo
MC 98000 Monaco MC 98000 Monaco
</TABLE>
- ----------
* See Notes to Annex A
16
<PAGE>
The name, title, business address, present principal
occupation and the address of business in which the principal occupation is
conducted, and citizenship of each director of Gadwal Limited, are set forth
below.
<TABLE>
<CAPTION>
PRESENT ADDRESS OF BUSINESS
PRINCIPAL IN WHICH PRINCIPAL
NAME TITLE BUSINESS ADDRESS OCCUPATION OCCUPATION CONDUCTED CITIZENSHIP
<S> <C> <C> <C> <C> <C>
Lawrence S. Stroll Director Pepe Group Limited Director and Tommy Hilfiger Corporation Canada
11 Lower Square Executive 6/F, Precious Industrial Centre
Old Isleworth Officer of the Cheung Sha Wan, Kowloon
Middlesex, UK TW7 6BN Company Hong Kong
Jonathan J. Robinson Director Robinson Sheppard Shapiro Attorney Robinson Sheppard Shapiro Canada
Stock Exchange Tower Stock Exchange Tower
800 Place Victoria 800 Place Victoria
Suite 4700 Suite 4700
Montreal, Quebec, Montreal, Quebec,
Canada H4Z 1H6 Canada H4Z 1H6
</TABLE>
17
<PAGE>
Notes to Annex A
1. Mr. Chao has the right to acquire beneficial ownership of 4,400 Ordinary
Shares pursuant to currently exercisable stock options previously granted
to him under the Company's stock incentive plans.
"Currently exercisable options" for the purposes of the above include
options becoming vested and exercisable within 60 days from the date
of this report.
2. As of June 30, 1998, Messrs. Romagosa and Palliser may be deemed to
beneficially own 7,500 Ordinary Shares held by various investment companies
of which they serve as directors.
18
