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): May 15, 2003



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




         CALIFORNIA                  0-26430                    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)





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

         (a) Financial Statements of business acquired.

                  None.

         (b) Pro forma Financial Information.

                  None.

         (c) Exhibits.

             99.1        Press Release dated May 15, 2003,  published by Tarrant
                         Apparel Group (the "Registrant").

ITEM 9. - REGULATION FD DISCLOSURE

On May 15, 2003, the Registrant  issued a press release  regarding its financial
results for the first  quarter ended March 31, 2003. A copy of the press release
is attached hereto as Exhibit 99.1.

The  information  provided in this Current  Report on Form 8-K is being provided
pursuant to Item 12 of Form 8-K. In accordance  with General  Instruction B.6 of
Form 8-K,  the  information  in this  report  shall not be  deemed  "filed"  for
purposes of Section 18 of the  Securities  Exchange Act of 1934, nor shall it be
deemed  incorporated by reference in any filing under the Securities Act of 1933
or the Securities  Exchange Act of 1934,  except as shall be expressly set forth
by specific reference in such a filing.


                                       2





                                    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:    May 16, 2003              By:      /s/ Patrick Chow
                                      -----------------------------------------
                                            Patrick Chow
                                            Chief Financial Officer


                                       3






                                  EXHIBIT INDEX

Exhibit
Number            Description
------            -----------

99.1              Press Release dated May 15, 2003, published by the Registrant.


                                       4