
<PAGE>


                                                                Exhibit 10.15

                                ASSIGNMENT OF LICENSES

    This Assignment is made and entered into this 31 day of August, 1993, by 
and between Heather Paige II Industries, Inc., a California corporation 
("ASSIGNOR"), and I.C. Isaacs & Co., L.P., a Delaware limited partnership 
("ASSIGNEE").

    WHEREAS, ASSIGNOR is the licensee under two Exclusive Domestic License 
Agreements (the "License Agreements") dated, respectively, June 1, 1993 and 
December 1, 1993, between BHPC Marketing, Inc., a California corporation 
("Licensor"), and ASSIGNOR concerning the license of rights to use Licensor's 
marks and designs relating to the name "Beverly Hills Polo Club" (the 
"Marks") in connection with the design, manufacture, import, distribution, 
advertising, promotion, shipment and sale of certain women's apparel products 
throughout the United States and all of its territories and possessions; and 

    WHEREAS, ASSIGNOR desires to assign the Licenses Agreements, and all of 
its right, title and interest thereunder, to ASSIGNEE, and ASSIGNEE desires 
to obtain such an assignment.

    NOW, THEREFORE, it is agreed by the parties as follows:

    1. ASSIGNMENT

       For valuable consideration received, ASSIGNOR hereby grants and 
assigns to ASSIGNEE the License Agreements and all of ASSIGNOR's right, title 
and interest arising thereunder. ASSIGNOR further agrees, without further 
consideration, to take such acts and execute such documents and instruments 
as ASSIGNEE may reasonably request to effectuate fully this Assignment. In 
furtherance of the transfer of such license rights, ASSIGNOR shall promptly 
deliver to ASSIGNEE certain patterns, designs, samples and the like as have 
been mutually agreed upon by the parties. Further, ASSIGNEE shall receive all 
right, title and interest which ASSIGNOR has or may acquire with respect to 
use of the Marks in China, and ASSIGNOR shall take all acts and execute all 
documents or instruments which ASSIGNEE may reasonably request in furtherance 
of ASSIGNEE's receiving such right, title and interest.

    2. PAYMENT FOR ASSIGNMENT

       As consideration for the Assignment effected hereby, ASSIGNEE agrees 
to pay ASSIGNOR a total sum of * in cash, of which * has already been 
delivered to ASSIGNOR pursuant to Paragraph 2(a) of that certain letter of 
intent dated August 19,


*  Text omitted pursuant to a request for confidential treatment and filed 
   separately with the Securities and Exchange Commission.

                                     1

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1993 and the balance of * shall be paid upon execution and delivery of this 
Assignment. In addition to the foregoing sums, if, at any time within three 
years from the date of this Assignment, ASSIGNEE acquires the right, either 
under a direct license from the Licensor or a sub-license from any licensee, 
in either case on terms acceptable to ASSIGNEE in its sole discretion, to use 
the Marks in China, ASSIGNEE shall pay a further sum of * to ASSIGNOR. The 
parties hereby acknowledge and agree that, as of the date hereof, neither 
ASSIGNOR nor ASSIGNEE has been granted any rights with respect to the use of 
the Marks in China.

3. MISCELLANEOUS

       3.1 ENTIRE AGREEMENT. This instrument contains the entire agreement of 
the parties and may not be modified except by an agreement in writing signed 
by the party against whom enforcement of any waiver, change, modification, 
extension or discharge is sought.

       3.2 SUCCESSORS AND ASSIGNS. This Assignment shall inure to the benefit 
of and shall be binding upon the parties hereto and their respective 
successors and assigns.

       3.3 COUNTERPARTS. This Assignment may be executed in one or more 
counterparts, each of which shall be deemed an original, but all of which 
together shall constitute one and the same instrument.

ASSIGNEE:                              ASSIGNOR:

I.C. ISAACS & CO., L.P.                HEATHER PAIGE II
                                       INDUSTRIES, INC.


By  /s/ Robert Arnot                   By /s/ Howard Regen
   --------------------------            ---------------------------
   Robert Arnot                          Howard Regen
   Chairman of the Board                 President


By /s/ Gerald Lear
  --------------------------
   Gerald Lear
   President and Chief Executive Officer

                                CONSENT OF LICENSOR

    The undersigned hereby consents to the above-described Assignment of the 
"License Agreements" (as defined in the first


*  Text omitted pursuant to a request for confidential treatment and filed 
   separately with the Securities and Exchange Commission.

                                     2

<PAGE>

recital above), and all of Heather Paige II Industries, Inc.'s right, title 
and interest arising thereunder, to I.C. Isaacs & Co., L.P. The undersigned 
hereby acknowledges and affirms that ASSIGNEE does not assume and shall have 
no responsibility or liability with respect to any obligations arising under 
the License Agreements prior to the effectiveness of the Assignment, except 
that ASSIGNEE shall be obligated to make the minimum royalty payments * due 
under the License Agreements for August, 1993.

                                       LICENSOR:

Dated: 9/1, 1993                       BHPC MARKETING, INC.


                                   By /s/ Don Garrison
                                     ---------------------------------
                                      Don Garrison
                                      Licensing Director


                                       3


*  Text omitted pursuant to a request for confidential treatment and filed 
   separately with the Securities and Exchange Commission.

