UNITED STATES
                       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): June 16, 2005


                              TARRANT APPAREL GROUP
               (Exact Name of Registrant as Specified in Charter)


         CALIFORNIA                   0-26006                  95-4181026
(State or Other Jurisdiction        (Commission             (I.R.S. Employer
      of Incorporation)             File Number)            Identification No.)


               3151 EAST WASHINGTON BOULEVARD
                   LOS ANGELES, CALIFORNIA                        90023
           (Address of Principal Executive Offices)             (Zip Code)


                                 (323) 780-8250
              (Registrant's Telephone Number, Including Area Code)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[_]      Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

[_]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

[_]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))





ITEM 8.01         OTHER EVENTS

         Effective June 16, 2005,  Tarrant  Apparel Group (the  "Company"),  the
Company's subsidiary Private Brands, Inc. and Qorus.com, Inc. ("Qorus") mutually
agreed to terminate the Letter of Intent previously  entered into by the parties
on April 25, 2005. Under the previously announced Letter of Intent, Qorus was to
acquire  Private  Brands  from the Company in  exchange  for Qorus'  convertible
preferred stock in such amount so that,  immediately  after giving effect to the
acquisition,  the Company would have owned in the aggregate 97% of Qorus' issued
and  outstanding  shares of common  stock on a fully  diluted  and  as-converted
basis. The completion of the acquisition had been subject to the negotiation and
execution  of a definitive  acquisition  agreement,  the  delivery of U.S.  GAAP
financial  statements by Private Brands, and the completion of certain financing
by Private Brands.

         Reference is hereby made to the Current Report on Form 8-K filed by the
Company on April 26,  2005  announcing  the  execution  of the Letter of Intent,
which is hereby incorporated by reference.


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                                    SIGNATURE

         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.


                                   TARRANT APPAREL GROUP

Date:  June 20, 2005               By:           /S/ CORAZON REYES              
                                        ----------------------------------------
                                        Corazon Reyes, Chief Financial Officer


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