**UNITEDSTATES**

**SECURITIESAND EXCHANGE COMMISSION**

**Washington,D.C. 20549**

 

----

 

**FORM 10-K/A**

 

**(AmendmentNo. 1)**

 

**(MarkOne)**

 

| **x** | ** ** | **ANNUAL  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE  ACT OF 1934** |
|-------|------------|------------------------------------------------------------------------------------------------------|

 

**Forthe fiscal year ended June 30, 2007**

** **

**or**

 

| **o** | ** ** | **TRANSITION  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE  ACT OF 1934** |
|-------|------------|----------------------------------------------------------------------------------------------------------|

 

**Forthe transition periodfrom              to              **

 

**CommissionFile Number: 333-138342**

 

----

 

**RafaellaApparel Group, Inc.**

(Exact name ofregistrant as specified in its charter)

 

| **Delaware**                     | ** ** | **20-2745750**       |
|----------------------------------|------------|----------------------|
| (State or other  jurisdiction of |       | (I.R.S. Employer     |
| incorporation or  organization)  |       | Identification  No.) |

 

| **1411 Broadway, New York, New York 10018**                               |
|---------------------------------------------------------------------------|
| **(212)  403-0300**                                                       |
| (Address,  including zip code, and telephone number, including area code, |
| of registrant’s  principal executive offices)                        |

 

Indicate by checkmark if the registrant is awell-known seasoned issuer, as defined in Rule 405 of the Securities Act Yes o   No x.

 

Indicate by checkmark if the registrant is notrequired to file reports pursuant to Section 13 or Section 15(d) ofthe Exchange Act. Yes o   No x.

 

Indicate by check markwhether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer or a smaller reporting company.  See definitions of “large accelerated filer”,“accelerated filer” and “smaller reporting company” in Rule 12b-2 of theExchange Act. (Check one):

 
| Large accelerated filer  o                     |   | Accelerated filer o          |
|------------------------------------------------|--------|-----------------------------------|
|                                           |   |                              |
| Non-accelerated filer x                        |   | Smaller reporting  company o |
| (Do not check if a  smaller reporting company) |   |                              |

 

Indicate by check markwhether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act).   Yes o No x

 

As of June 30, 2007,the registrant had 2,500,000 shares of its common stock, par value $0.01 pershare, outstanding.

 

 

 

----

 

**EXPLANATORY NOTE**

** **

This Amendment No. 1to the Annual Report of Rafaella Apparel Group, Inc. (the “Company”) on Form 10-Kfor the fiscal year ended June 30, 2007, as filed with the Securities andExchange Commission on September 28, 2007 (the “Original Filing”), isbeing filed solely to include an executed signature page which was omittedfrom the Original Filing.  Except asdescribed above, all other information included in the Original Filing remainsunchanged.

 

2

----

 

**SIGNATURES**

** **

Pursuant to the requirements of Section 13 or 15(d) ofthe Securities Exchange Act of 1934, the registrant has duly caused this reportto be signed on its behalf by the undersigned, thereunto duly authorized.

 
| September 28, 2007 |   | RAFAELLA APPAREL GROUP,  INC.         |
|-------------------------|--------|---------------------------------------|
|                    |   |                                  |
|                    |   |                                  |
|                    | By:    | /s/ Christa  Michalaros               |
|                    |   | Christa  Michalaros                   |
|                    |   | Chief Executive  Officer and Director |
|                    |   | (Principal  Executive Officer)        |

 

 

Pursuant to the requirements of the SecuritiesExchange Act of 1934, this report has been signed below by the followingpersons on behalf of the registrant and in the capacities and as of the datesindicated.

 
| **Signature**                                                                                                                         | ** ** | **Title**                             | ** ** | **Date**                |
|---------------------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------------|------------|-------------------------|
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/ Christa Michalaros**                                                                                                            | ** ** | Chief Executive Officer  and Director |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** | (Principal Executive  Officer)        |       |                    |
| **Christa Michalaros**                                                                                                                | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/ Chad J. Spooner**                                                                                                               | ** ** | Chief Financial Officer  (Principal   |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** | Financial and  Accounting Officer)    |       |                    |
| **Chad J. Spooner**                                                                                                                   | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/ George Kollitides**                                                                                                             | ** ** | Director                              |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **George Kollitides**                                                                                                                 | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/                     ** | ** ** | Director                              |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **Kurt  Larson**                                                                                                                      | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/ John Kourakos**                                                                                                                 | ** ** | Director                              |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **John Kourakos**                                                                                                                     | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/ Ronald Frankel**                                                                                                                | ** ** | Director                              |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **Ronald Frankel**                                                                                                                    | ** ** |                                  |       |                    |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **/s/  Robert Newman**                                                                                                                | ** ** | Director                              |       | September 28, 2007 |
| ** **                                                                                                                            | ** ** |                                  |       |                    |
| **Robert  Newman**                                                                                                                    | ** ** |                                  |       |                    |

 

3

----

 

**EXHIBITINDEX**

 
| **Exhibit  No.** | ** ** | **Description**                                                                                                                      |
|------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------|
| ** **       | ** ** | ** **                                                                                                                           |
| 31.1             |       | Certification of Chief Executive Officer pursuant to  Section 302 of the Sarbanes-Oxley Act of 2002                        |
|             |       |                                                                                                                                 |
| 31.2             |       | Certification of Chief Financial Officer pursuant to  Section 302 of the Sarbanes-Oxley Act of 2002                        |
|             |       |                                                                                                                                 |
| 32.1             |       | Certification of Chief Executive Officer and Chief  Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

 

4

----

 

**SIGNATURE**

** **

Pursuant to the requirements of Section 13 or 15(d) ofthe Securities Exchange Act of 1934, the registrant has duly caused this reportto be signed on its behalf by the undersigned, thereunto duly authorized.

 
| October 29, 2008 |   | RAFAELLA APPAREL GROUP,  INC.         |
|-----------------------|--------|---------------------------------------|
|                  |   |                                  |
|                  |   |                                  |
|                  | By:    | /s/ Christa  Michalaros               |
|                  |   | Christa  Michalaros                   |
|                  |   | Chief Executive  Officer and Director |
|                  |   | (Principal  Executive Officer)        |

 

5

----