SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(AMENDMENT NO. 1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BRYLANE INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
117661 10 8
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(CUSIP Number)
DAVID A. KATZ, ESQ.
WACHTELL, LIPTON, ROSEN & KATZ
51 WEST 52ND STREET
NEW YORK, NEW YORK 10019
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JUNE 12, 1998
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(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 / /.
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
(Continued on following pages)
Page 1 of 4 Pages
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CUSIP NO. 117661 10 8 13D PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
PINAULT - PRINTEMPS - REDOUTE S.A.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
BK
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
FRANCE
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7 SOLE VOTING POWER
NUMBER OF 8,232,217 (SEE ITEM 5)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 8,232,217 (SEE ITEM 5)
WITH
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,232,217 (SEE ITEM 5)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 44.55% (SEE ITEM 5)
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14 TYPE OF PERSON REPORTING*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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This Amendment No. 1 is filed by Pinault-Printemps-Redoute, S.A. a
societe anonyme organized and existing under the laws of the Republic of France
("PPR"), and amends the Schedule 13D filed on April 13, 1998 by PPR (the
"Schedule 13D"). This Amendment No. 1 relates to shares of common stock, par
value $0.01 per share ("Common Stock"), of Brylane Inc., a Delaware corporation
("Brylane"). Capitalized terms used herein without definition shall have the
meanings ascribed thereto in the Schedule 13D.
This Amendment No. 1 is filed to report the acquisition of certain
shares of Common Stock since April 13, 1998. A schedule identifying all stock
market transactions involving shares of Common Stock effected by REDAM since
April 13, 1998 is included as Annex A hereto which is incorporated by reference
herein. On June 12, 1998, REDAM purchased an aggregate of 68,500 shares of
Common Stock from two executive officers of Brylane at a price of $51.00 per
share (the same per share price paid in the April 1998 purchases by REDAM). The
funds used by REDAM to purchase all such shares were obtained by REDAM as a
capital contribution from La Redoute, which borrowed such funds from PPR, which
obtained such funds from a drawdown on an existing line of credit with Banque
Nationale de Paris, Natexis, Union European du Credit Industriel et Commercial,
Credit Commercial de France, Credit du Nord and Credit Mutuel.
ITEM 1. SECURITY AND ISSUER.
No material change.
ITEM 2. IDENTITY AND BACKGROUND.
No material change except as set forth above.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No material change.
ITEM 4. PURPOSE OF TRANSACTION.
No material change except as set forth above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
No material change except as set forth above.
As a result of the transactions described above, as of May 12, 1998,
PPR may be deemed to beneficially own 8,232,217 shares of Common Stock. Based
upon the 18,408,650 shares of Common Stock reported by the Company to be
outstanding as of June 5, 1998 in the Company's Quarterly Report on Form 10-Q
for the quarterly period ended May 2, 1998 together with the 68,500 shares sold
by the two executive officers of Brylane on June 12, 1998, PPR beneficially owns
approximately 44.55% of the Common Stock.
To the best knowledge and belief of PPR, no transactions involving
Common Stock have been effected during the past 60 days by PPR or by its
directors, executive officers or
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controlling persons other than as disclosed by the Schedule 13D and except as
set forth above or in Annex A hereto.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERTAKINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
No material change except as set forth above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
No additional exhibits are being filed with this
Amendment No. 1.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete, and correct.
PINAULT-PRINTEMPS-REDOUTE, S.A.
By: /s/ Patrice Marteau
Name: Patrice Marteau
Title: Secretaire General
June 15, 1998
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ANNEX A
RECENT STOCK MARKET TRANSACTIONS IN THE COMMON STOCK
BY THE REPORTING PERSONS
All of the transactions described below were effected in stock market
transactions. The price per share for such transactions includes commissions (if
any).
Date of Number of Price
Transaction Shares Purchased Per Share
6/3/98 148,800 $46.1243
6/12/98 4,000 $46.92
