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                                                                   Exhibit 10.70

                               AMENDMENT NO. 3 TO
                              EMPLOYMENT AGREEMENT
                                 BY AND BETWEEN
                           I.C. ISAACS & COMPANY L.P.
                                       AND
                               EUGENE C. WIELEPSKI

         THIS AMENDMENT NO. 3, dated as of January 3, 2000, is made a part of
that certain EXECUTIVE EMPLOYMENT AGREEMENT, dated as of May 15, 1997, by and
between I. C. Isaacs & Company L.P. (the "Company") and Eugene C. Wielepski (the
"Executive"), as amended by Amendment No. 1 dated as of August 27, 1998 and
Amendment No. 2 dated as of February 11, 1999, (collectively, the "Agreement").
It is intended by the parties that the terms of this Amendment No. 3, to the
extent that they are more specific than the terms contained in the Agreement, or
to the extent that they should conflict with the terms contained in the
Agreement, shall supersede the terms of the Agreement. Section numbers utilized
in this Amendment No. 3 correspond, where applicable, to section numbers used in
the Agreement.


                              W I T N E S S E T H:

         Accordingly, in consideration of the mutual covenants and
representations contained herein and the mutual benefits derived herefrom, the
parties hereto agree as follows:

         1.       Paragraph 2 is hereby restated in its entirety as follows:

         2.       TERM. This Agreement shall begin May 15, 1997 and shall
         continue until May 15, 2001 (the "Employment Period"). Thereafter, this
         Agreement shall renew automatically from Employment Year to Employment
         Year, subject to the right of either party to terminate this Agreement
         as of the end of any Employment Year upon sixty (60) days' prior
         written notice to the other party. An "Employment Year" begins each May
         15 and ends on the following May 15.

         2.       Paragraph 6 A is hereby restated in its entirety as follows:

         6.       DUTIES.

         A.       During the term of this Agreement, the Executive shall serve
         as Vice President and Chief Financial Officer, have such powers and
         shall perform such duties as are incident and customary to his office,
         including those described in the Company's By-laws (as amended from
         time to time), and shall perform such additional executive and
         administrative duties and functions commensurate with such positions as
         from time to time shall be assigned to him by the Board of Directors of
         the Company. The Executive shall perform such additional duties and
         functions without



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         separate compensation, unless otherwise authorized by the Board of
         Directors of the Company.

         3.       Paragraph 3 is hereby restated in its entirety as follows:

                  3.       BASE SALARY. The Executive's base salary for each
         Employment Year under this Agreement (May 15, 1997 through May 15,
         2001) shall be at the rate of One Hundred Seventy-Five Thousand Dollars
         ($175,000) per annum. Such base salary shall be increased to Two
         Hundred Thousand Dollars ($200,000) per annum for the remaining term of
         this Agreement after the Company achieves positive net earnings in two
         consecutive fiscal quarters. Such base salary may also be increased
         based on periodic reviews by the Compensation Committee of the Board of
         Directors. The Executive's base salary shall be paid throughout the
         year, in accordance with normal payroll practices of the Company.

         IN WITNESS WHEREOF, the parties have executed and delivered this
Amendment No. 3 on the date first above written.

                                        I.C. ISAACS & COMPANY L.P.

                                        By:         I.C. ISAACS & COMPANY, INC.
                                                    its general partner

                                        By:          /s/ Robert J. Arnot
                                            ------------------------------------
                                             Robert J. Arnot, President
                                        EXECUTIVE

                                        By:        /s/ Eugene C. Wielepski
                                            ------------------------------------
                                                 Eugene C. Wielepski

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