8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                Date of Report (Date of Earliest Event Reported):

                          July 15, 2003 (July 3, 2003)

                              ARIS INDUSTRIES, INC.

             (Exact name of registrant as specified in its charter)

    NEW YORK                   1-4814                        22-1715274
_________________        _________________            _________________________
(State or other        (Commission File Number)          (I.R.S. Employer
  jurisdiction                                          Identification No.)
of  incorporation)


      463 Seventh Avenue
      New York, NY                                         10018
________________________________________            _____________________
(Address of principal executive offices)                 (Zip Code)

                                (646) 473-4200
              ---------------------------------------------------
             (Registrant's telephone number, including area code)

                                      N/A
              ---------------------------------------------------
         (Former name or former address, if changed since last report)



ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS.

On July 3, 2003, Aris Industries, Inc.(the "Company") announced that the
Company has completed the sale of the trade name and service mark XOXO and the
trademarks XOXO, XOXO IN AMERICA AND ABROAD, LOLA and FRAGILE along with
certain related assets and accompanying goodwill for $43 million (the
"Transaction") in cash payable upon the closing of the Transaction to Global
Brand Holdings, LLC. The Transaction was approved by the Company's shareholders
at a special meeting held on Monday, June 30, 2003. The proceeds from the
Transaction will be used to repay certain existing indebtedness of the Company
and other liabilities. Additional information regarding the terms of the
Transaction is included in the trademark purchase agreement which has been
previously filed and the press release announcing the completion of the
Transaction which is attached hereto as Exhibit 99.1, both of which are
incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         2.1      Trademark Purchase Agreement, between Aris Industries, Inc.,
                  Europe Craft Imports, Inc., XOXO Clothing Company, Inc,
                  Marcade Group Realty Corporation, 8-3 Retailing Inc., Global
                  Brand Holdings, LLC, Stanley Cayre and Eli Hamway, dated as
                  of May 7, 2003.*

         99.1     Press release dated July 3, 2003.

         *        Incorporated by reference to Aris's filing on Form 8-K (File
                  No. 000-22084) filed on May 8, 2003.


                                   SIGNATURES

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

                                       ARIS INDUSTRIES, INC
                                       (Registrant)

                                       By: /s/ Paul Spector
                                           --------------------------
                                       Name:  Paul Spector
                                       Title: Chief Financial Officer

Dated:  July 15, 2003

                               INDEX TO EXHIBITS

Exhibit No.       Exhibit Name

         2.1      Trademark Purchase Agreement, between Aris Industries, Inc.,
                  Europe Craft Imports, Inc., XOXO Clothing Company, Inc,
                  Marcade Group Realty Corporation, 8-3 Retailing Inc., Global
                  Brand Holdings, LLC, Stanley Cayre and Eli Hamway, dated as
                  of May 7, 2003.*

         99.1     Press release dated July 3, 2003.

         *        Incorporated by reference to Aris's filing on Form 8-K (File
                  No. 000-22084) filed on May 8, 2003.

EX-99

                                                                Exhibit 99.1

ARIS INDUSTRIES, INC. COMPLETES SALE OF XOXO, FRAGILE AND LOLA TRADEMARKS

New York, N.Y. July 3, 2003. Aris Industries, Inc. (OTC Bulletin Board:
AISI.OB) ("Aris") today announced that it has completed the previously
announced sale of the trade name and service mark XOXO and the trademarks XOXO,
XOXO IN AMERICA AND ABROAD, LOLA and FRAGILE along with certain related assets
and accompanying goodwill for $43 million in cash to Global Brand Holdings,
LLC. The sale was approved by Aris's shareholders at a special meeting held on
Monday, June 30, 2003. Aris is using the proceeds of the transaction to repay
indebtedness.

Aris Industries, Inc. is a licensor or sublicensor of its owned or licensed
trademarks. Products bearing Aris's owned or licensed trademarks are
distributed through retailers in the United States.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This release contains statements that constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties, and that actual results or developments may differ materially
from those in the forward-looking statements as a result of various factors,
including financial community and rating agency perceptions of the company and
its business, operations, financial condition and the industry in which it
operates and the factors described in the company's filings with the Securities
and Exchange Commission ("SEC"), including the sections entitled "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and Results of
Operations" contained therein. Aris disclaims any obligation to update the
forward-looking statements contained herein.

CONTACT: Kathy Sio of Aris Industries, Inc, (646) 473-4285.