SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE 13G/A INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2 (AMENDMENT NO. 2)1 CANDIE'S, INC. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 137-409-108 -------------------------------------------------------------------------------- (CUSIP Number) January 4, 2005 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) ---------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 8 CUSIP NO. 137-409-108 13G/A Page 2 of 8 Pages ------------------ ------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SWEET SPORTSWEAR, LLC (TAX ID: 95-4553362) ------------------ ------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ------------------ ------------------------------------------------------------- SEC USE ONLY ------------------ ------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ------------------ --------- --------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 2,750,000 SHARES --------- --------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 --------- --------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 2,750,000 WITH --------- --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------ ------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,750,000 ------------------ ------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ------------------ ------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.84%(1) ------------------ ------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ------------------ ------------------------------------------------------------- (1) Based on a total of 27,942,694 shares of the issuer's Common Stock issued and outstanding as of December 8, 2004. Page 2 of 8 CUSIP NO. 137-409-108 13G/A Page 3 of 8 Pages ------------------ ------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS HUBERT GUEZ ------------------ ------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ------------------ ------------------------------------------------------------- SEC USE ONLY ------------------ ------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION FRANCE ------------------ --------- --------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 0 SHARES --------- --------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 2,751,757 --------- --------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 0 WITH --------- --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,751,757 ------------------ ------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,751,757 ------------------ ------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ------------------ ------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.85%(1) ------------------ ------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ------------------ ------------------------------------------------------------- (1) Based on a total of 27,942,694 shares of the issuer's Common Stock issued and outstanding as of December 8, 2004. Page 3 of 8 ITEM 1(a) NAME OF ISSUER: Candie's, Inc. (the "Company") ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 400 Columbus Avenue Valhalla, New York 10595-1335 ITEM 2(a) NAME OF PERSON FILING: This statement is filed on behalf of Sweet Sportswear, LLC, a California limited liability company, and Hubert Guez, an individual. Hubert Guez is the Manager of Sweet Sportswear, LLC. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The principal business office of Sweet Sportswear, LLC and the address of Hubert Guez is 5804 E. Slauson Ave., Commerce, California, 90040. ITEM 2(c) CITIZENSHIP: Sweet Sportswear, LLC, is a limited liability company organized under the laws of California. Hubert Guez is a citizen of France. ITEM 2(d) TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.001 per share ITEM 2(e) CUSIP NUMBER: 137-409-108 ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b) OR 13D-2(b), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4 OWNERSHIP: Included in rows 5 through 9 and 11 on pages 2 and 3, respectively. Sweet Sportswear, LLC, owns directly 2,750,000 shares of the Company's Common Stock. Hubert Guez is the Manager of Sweet Sportswear, LLC and a Co-Trustee of the Guez Living Trust, dated December 6, 1996 (the "Guez Trust"), which has a 50% membership interest in Sweet Sportswear, LLC. In such capacities, Mr. Guez may be deemed to have the power to dispose or direct the disposition of the shares held by Sweet Sportswear, LLC, and may be deemed to have the power to vote or direct Page 4 of 8 the voting of such shares. Mr.Guez disclaims beneficial ownership of the securities reported by Sweet Sportswear, LLC except to the extent of his pecuniary interest therein. The Guez Trust owns directly 1,757 shares of the Company's Common Stock. As the Co-Trustee of the Guez Trust, Mr. Guez may be deemed to have the power to dispose or direct the disposition of the shares held by the Guez Trust, and may be deemed to have the power to vote or direct the voting of such shares. ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not Applicable ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not Applicable ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not Applicable ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not Applicable ITEM 10 CERTIFICATION By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 5 of 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. SWEET SPORTSWEAR, LLC January 17, 2005 ---------------------------------- Date /s/ Hubert Guez ---------------------------------- Signature HUBERT GUEZ / MANAGER ---------------------------------- Name/Title HUBERT GUEZ January 17, 2005 ---------------------------------- Date /s/ Hubert Guez ---------------------------------- Signature HUBERT GUEZ ---------------------------------- Name/Title Page 6 of 8 EXHIBIT INDEX 1. Joint Filing Agreement. Page 7 of 8 EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing of behalf of each of them of the Schedule 13G (and any further amendment filed by them) with respect to the common stock of Candie's, Inc. /s/ Hubert Guez ---------------------------------- Hubert Guez Date: January 17, 2005 SWEET SPORTSWEAR, LLC /s/ Hubert Guez ---------------------------------- By: Hubert Guez Title: Manager Date: January 17, 2005 Page 8 of 8