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): March 31, 2006


                              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 5.02         DEPARTURE  OR  ELECTION  OF  PRINCIPAL  OFFICERS;  ELECTION OF
                  DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

    (a), (b) RESIGNATION OF DIRECTOR AND CHIEF EXECUTIVE OFFICER

         Effective  March 31,  2006,  Barry  Aved  resigned  as Chief  Executive
Officer and President of Tarrant  Apparel Group and also resigned as a member of
our Board of Directors.

    (c)  APPOINTMENT OF INTERIM CHIEF EXECUTIVE OFFICER

         Effective  March 31, 2006, our Board of Directors has appointed  Gerard
Guez as our Interim Chief Executive Officer to replace Mr. Aved.

         Mr. Guez (age 50) founded  Tarrant Apparel Group in 1988 and has served
as Chairman  of our Board of  Directors  since  inception.  Mr. Geuz  previously
served as our Chief  Executive  Officer from inception until 2001 and again from
March 2003 through August 2004. Mr. Guez also founded Tarrant  Company  Limited,
our Hong Kong  subsidiary,  in 1985,  and he has  served as its  Chairman  since
inception and Chief Executive  Officer from 1985 through October 2001.  Prior to
founding  Tarrant  Company  Limited,  Mr. Guez served as the President of Sasson
Jeans,  L.A.,  Inc.,  which was a manufacturer  and distributor of denim apparel
under the "Sasson" license.

         CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         We lease our principal  offices and  warehouse  located in Los Angeles,
California  from GET and  office  space in Hong  Kong  from  Lynx  International
Limited.  GET and Lynx International  Limited are each owned by Gerard Guez, our
Chairman of the Board of Directors, and Todd Kay, our Vice Chairman of the Board
of Directors. We believe, at the time the leases were entered into, the rents on
these  properties  were  comparable to then  prevailing  market  rents.  Our Los
Angeles offices and warehouse is leased on a month to month basis. On January 1,
2006, we entered into a one year lease agreement with Lynx International Limited
for our office space in Hong Kong. We paid $1,019,000 in 2005 in rent for office
and warehouse facilities at these locations.

         In February 2004, our Hong Kong  subsidiary  entered into a 50/50 joint
venture  with Auto  Enterprises  Limited,  an unrelated  third party,  to source
products for Seven Licensing  Company,  LLC and our private brands subsidiary in
mainland  China. On May 31, 2004,  after realizing an accumulated  loss from the
venture of  approximately  $200,000 (our share being half), we sold our interest
for $1 to Asia Trading  Limited,  a company  owned by Jacqueline  Rose,  wife of
Gerard Guez. The venture owed us $221,000 as of December 31, 2004,  which amount
was repaid in the first quarter of 2005.

         From time to time in the past,  we borrowed  funds from,  and  advanced
funds to, Mr. Guez.  The greatest  outstanding  balance of such  advances to Mr.
Guez during 2005 was approximately  $4,766,000. At December 31, 2005, the entire
balance due from Mr. Guez  totaling $2.3 million was reflected as a reduction of
shareholders'  equity.  All  advances  to, and  borrowings  from,  Mr. Guez bore
interest at the rate of 7.75% during the period. Total interest paid by Mr. Guez
was $209,000 for the year ended December 31, 2005. Mr. Guez paid expenses on our
behalf of  approximately  $397,000 for the year ended  December 31, 2005,  which
amounts were applied to reduce  accrued  interest  and  principal on Mr.  Guez's
loan. These amounts included fuel and related expenses incurred by 477 Aviation,
LLC,  a company  owned by Mr.  Guez,  when our  executives  used this  company's
aircraft for business purposes. Since the enactment of the Sarbanes-Oxley Act in
2002, no further  personal loans (or amendments to existing  loans) have been or
will be made to our executive officers or directors.


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         On July 1, 2001, we formed an entity to jointly  market,  share certain
risks and achieve economies of scale with Azteca Production International,  Inc.
("Azteca"),  called United Apparel Ventures, LLC ("UAV"). Azteca is owned by the
brothers of Gerard Guez, our Chairman. This entity was created to coordinate the
production  of apparel for a single  customer of our  branded  business.  UAV is
owned 50.1% by Tag Mex, Inc., our wholly owned subsidiary,  and 49.9% by Azteca.
Results of the  operation of UAV have been  consolidated  into our results since
July 2001 with the minority  partner's  share of all gains and loses  eliminated
through the  minority  interest  line in our  financial  statements.  Due to the
restructuring of our Mexico  operations,  we discontinued  manufacturing for UAV
customers in the second quarter of 2004. We purchased $135,000 of finished goods
and services from Azteca and its affiliates in the year ended December 31, 2005.
Our total sales of fabric and services to Azteca in 2005 were $88,000.

         At December 31, 2005,  Messrs.  Guez and Kay beneficially owned 590,000
and 1,003,500  shares,  respectively,  of common stock of Tag-It Pacific,  Inc.,
collectively  representing 8.7% of Tag-It Pacific's common stock at December 31,
2005.  Tag-It Pacific is a provider of brand identity  programs to manufacturers
and  retailers of apparel and  accessories.  We purchased  $450,000 of trim from
Tag-It Pacific during the year ended December 31, 2005.

         We  believe  that  each of the  transactions  described  above has been
entered into on terms no less favorable to us than could have been obtained from
unaffiliated  third  parties.  We have  adopted a policy  that any  transactions
between us and any of our affiliates or related parties, including our executive
officers,  directors,  the family members of those  individuals and any of their
affiliates,  must (1) be  approved  by a majority of the members of the Board of
Directors  and by a  majority  of the  disinterested  members  of the  Board  of
Directors  and (2) be on terms no less  favorable  to us than could be  obtained
from unaffiliated third parties.


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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:    April 3, 2006             By:       /S/ CORAZON REYES
                                      ------------------------------------------
                                         Corazon Reyes, Chief Financial Officer


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