content: 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 2, 1998   (June 25, 1998)
  
  
                             CABLE & CO. WORLDWIDE, INC.
               (Exact name of Registrant as specified in its charter)
  
  
          Delaware                         0-20769                22-3341195
  (State or other jurisdiction of      (Commission File         (IRS Employer 
  incorporation or organization)           Number)            Identification No.)
  
           724 Fifth Avenue, New York, New York     10019
       (Address of principal executive offices)    (Zip Code)
  
  
         Registrant's telephone number, including area code: (212) 489-9686
  
  
                                         n/a
            (Former name or former address, if changed since last report)
  
  
  
  <PAGE>
  
  
  
  Item 5.  Other Events.
  
           On June 25, 1998, Cable & Co. Worldwide,  Inc. (the "Company") received
  a notice of acceleration from Heller Financial,  Inc. ("Heller"),  the Company's
  factor and a secured lender. Pursuant to the notice of acceleration,  unless all
  of the Company's  obligations to Heller are paid in full by July 2, 1998,  which
  has been  extended  orally to July 7, 1998  Heller  shall have the right to, and
  currently  intends to declare all of the amounts due to Heller to be immediately
  due and payable and terminate all of its  commitments to make future advances or
  other financial accommodations to the Company. As of March 31, 1998, the Company
  owed to Heller approximately  $9,312,000.  The Company intends to pursue further
  discussions with Heller.
  
  
  
  
  <PAGE>
  
  
                                     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.
  
  Dated:     July 2, 1998
  
  
                                            CABLE & CO. WORLDWIDE, INC.
                                            (Registrant)
  
  
  
                                         By: /s/ Alan Kandall
                                             ALAN KANDALL
                                             President
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metadata_filer: {"company-data": {"conformed-name": "CABLE & CO WORLDWIDE INC", "cik": "0001009830", "assigned-sic": "5130", "irs-number": "223341195", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20769", "film-number": "98659825"}, "business-address": {"street1": "724 FIFTH AVE", "city": "NEW YORK", "state": "NY", "zip": "10019", "phone": "2124899686"}}
text: 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 2, 1998   (June 25, 1998)
  
                             CABLE & CO. WORLDWIDE, INC.
               (Exact name of Registrant as specified in its charter)
  
          Delaware                         0-20769                22-3341195
  (State or other jurisdiction of      (Commission File         (IRS Employer 
  incorporation or organization)           Number)            Identification No.)
  
           724 Fifth Avenue, New York, New York     10019
       (Address of principal executive offices)    (Zip Code)
  
         Registrant's telephone number, including area code: (212) 489-9686
  
                                         n/a
            (Former name or former address, if changed since last report)
  Item 5.  Other Events.
  
           On June 25, 1998, Cable & Co. Worldwide,  Inc. (the "Company") received
  a notice of acceleration from Heller Financial,  Inc. ("Heller"),  the Company's
  factor and a secured lender. Pursuant to the notice of acceleration,  unless all
  of the Company's  obligations to Heller are paid in full by July 2, 1998,  which
  has been  extended  orally to July 7, 1998  Heller  shall have the right to, and
  currently  intends to declare all of the amounts due to Heller to be immediately
  due and payable and terminate all of its  commitments to make future advances or
  other financial accommodations to the Company. As of March 31, 1998, the Company
  owed to Heller approximately  $9,312,000.  The Company intends to pursue further
  discussions with Heller.
  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.
  
  Dated:     July 2, 1998
  
                                            CABLE & CO. WORLDWIDE, INC.
                                            (Registrant)
  
                                         By: /s/ Alan Kandall
                                             ALAN KANDALL
                                             President