FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GUEZ HUBERT 		2. Issuer Name and Ticker or Trading Symbol

CYGNE DESIGNS INC [ CYDS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O DIVERSIFIED APPAREL RESOURCES, LLC, 121 S. BEVERLY DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/23/2008
(Street)

BEVERLY HILLS,, CA 90212
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   1/23/2008     S (1)    350000   D $.74   (1) 650000   I   Diversified Apparel Resources, LLC   (1)
Common Stock                  4381420   D  
 
Common Stock                  2995140   I   See Footnote   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Diversified Apparel Resources, LLC ("Diversified"), of which the Reporting Person is a member, transferred 350,000 shares to an unrelated party in a private transaction. The Reporting Person may be deemed to beneficially own the shares held by Diversified but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
( 2)  Consists of 1,615,915 shares held by the Guez Living Trust dated December 6, 1996 (the "Trust") and 1,379,225 shares held by 215 GZ Partners, which the Trust has a 33.34% ownership interest in. Effective December 20, 2007, the Reporting Person resigned as co-Trustee of the Trust; however, because the remaining sole trustee of the Trust is the Reporting Person's wife who resides in the same household as the Reporting Person, the Reporting Person may be deemed to beneficially own the shares held by the Trust but disclaims beneficial ownership of such shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GUEZ HUBERT
C/O DIVERSIFIED APPAREL RESOURCES, LLC
121 S. BEVERLY DRIVE
BEVERLY HILLS,, CA 90212
X


Signatures
/s/ Hubert Guez 1/25/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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