FORM 8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                             SECURITIES ACT OF 1934

        Date of Report (Date of earliest event reported): April 1, 1998

                                Yes Clothing Co.
             (Exact name of registrant as specified in its charter.)

                                   California
                    (State of incorporation or organization)

                                     0-18064
                            (Commission File Number)

                                   93-3768671
                      (I.R.S. Employee Identification No.)


        4695 MacArthur Court, Suite 530, Newport Beach,California 92660
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (714) 833-5382

            1380 West Washington Blvd., Los Angeles, California 90007
          (Former name or former address, if changed since last report)


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Item 1.           Changes in Control of Registrant

                  N/A

Item 2.           Acquisition or Disposition of Assets

                  N/A

Item 3.           Bankruptcy or Receivership


Item 4.           Changes in Registrant's Certifying Accountant

                  N/A

Item 5.           Other Events

         On April 1, 1998, the Registrant signed a 5 year non-exclusive  License
Agreement  with  KLEINMANN  &  Co.-KRUEGER-.  The  agreement  covers  the  "Yes"
trademark  for Men's,  Women's and Kid's  T-shirts  and  Sweatshirts.  Under the
agreement,  the  Registrant is entitled to receive  royalty  payments based upon
minimum  net  sales of  $20,000,000  per year.  The  license  agreement  will be
contributed to the newly formed joint venture with NuVen Capital L.P.

         Since  dismissal  of its  Chapter  11  case  on  March  11,  1998,  the
Registrant  has  focused  its  resources  upon a strategy  to rebuild  its brand
through the recently formed  licensing joint venture with NuVen Capital L.P. and
agreements with manufacturers and major retailers.  The agreement with KLEINMANN
& Co.-KRUEGER- represents the intial stage of this new strategy.

Item 6.           Resignations of Registrant's Directors

                  N/A

Item 7.           Financial Statements and Exhibits

                  N/A

Item 8.           Change in Registrant's Fiscal Year

                  N/A

Item 9.           Sale of Equity Securities Pursuant to Regulation S

                  N/A

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                                    SIGNATURE

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                        Yes Clothing Co.
                                        (Registrant)

Dated: April 14, 1998                   By:  /s/  Guy Anthome, CEO and Director
                                                  -----------------------------
                                                  Guy Anthome, CEO and Director

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