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                                                                  EXHIBIT 10.9


                       EIGHTH AMENDMENT TO LOAN AGREEMENT


         This Eighth Amendment to Loan Agreement is made and effective as of
June 19, 1997, by and between CELEBRITY, INC., a Texas corporation
("Celebrity"), MAGICSILK, INC., a Texas corporation ("Magicsilk"), THE CLUETT
CORPORATION, a California corporation ("Cluett"), and INDIA EXOTICS, INC., a
Texas corporation ("India"), (collectively, the "Borrowers") and NATIONAL
CANADA FINANCE CORP., a Delaware corporation (the "Lender").

                                  WITNESSETH:

         WHEREAS, the Lender, Celebrity, and Magicsilk entered into a Loan
Agreement dated May 10, 1993, as amended pursuant to a First Amendment to Loan
Agreement dated as of July 27, 1993, a Second Amendment to Loan Agreement dated
as of November 17, 1993, a Third Amendment to Loan Agreement dated as of March
18, 1994, a Fourth Amendment to Loan Agreement dated as of November 4, 1994, a
Fifth Amendment to Loan Agreement dated as of February 3, 1995, a Sixth
Amendment to Loan Agreement dated as of March 14, 1995, a Seventh Amendment to
Loan Agreement dated as of August 4, 1995, and Waiver and Modification Letters
dated May 15, 1996 and September 26, 1996, respectively (as so amended, the
"Loan Agreement"), pursuant to which the Lender committed, among other things,
to make loans, advances, and other credit facilities available to Celebrity,
Magicsilk, Cluett, and India;

         WHEREAS, the parties desire to amend the Loan Agreement in certain 
respects, as hereinafter set forth;

         NOW, THEREFORE, in consideration of the foregoing, for other valuable
consideration hereby acknowledged, and subject to the other terms and
conditions hereof, the Lender and the Borrowers agree that the following
provisions of the Loan Agreement shall be amended, effective the date hereof,
as follows:

         1.  A new defined term is added in Section One, as follows:

                           "'Merrill Lynch' means Merrill Lynch Business 
                           Financial  Services, Inc., a Delaware corporation."

         2.  Part (i) of the definition of "Permitted Encumbrances" is 
amended and restated in its entirety as follows:

                           "(i) liens on certain real property located in Smith
                           County, Texas and Forsyth County, North Carolina and
                           security interests related thereto in favor of
                           Merrill Lynch to secure indebtedness of Celebrity to
                           Merrill Lynch of up to the maximum principal amount
                           of $5,000,000, plus accrued interest thereon,
                           provided that Merrill Lynch executes and delivers to
                           the


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                           Lender one or more Mortgagee's Waivers and Consents, 
                           in form and content satisfactory to the Lender; and"

         3.  Part (e) of Section 7.1 of the Loan Agreement, permitting
indebtedness up to the principal amount of $1,800,000 to Tyler Bank and Trust,
N.A., and certain other matters therein set forth, is deleted and intentionally
left blank.

         4.  Part (h) of Section 7.1 of the Loan Agreement, permitting
indebtedness of up to the principal amount of $1,500,000 to Southern National
Bank of North Carolina and certain other matters therein set forth, is deleted
and intentionally left blank.

         5.  Part (i) of Section 7.1 of the Loan Agreement, permitting
indebtedness of up to the maximum principal amounts of $2,200,000 and
$1,000,000 to NationsBank and certain other matters therein set forth, is
amended and restated in its entirety, as follows:

                           "(i)     Indebtedness of up to the maximum principal 
                                    amount of $5,000,000, plus accrued interest
                                    thereon to Merrill Lynch under and pursuant
                                    to that certain Term WCMA Note dated June
                                    6, 1997 and the related Term WCMA Loan
                                    Agreement of even date with such note
                                    executed by Celebrity in favor of Merrill
                                    Lynch, and any and all amendments,
                                    renewals, restatements, extensions, and
                                    supplements thereof, in whole or in part,
                                    but not any increases thereof;"

         6.  Section 7.3 of the Loan Agreement is amended and restated in its 
entirety, as follows:

                           "Except for (i) the guaranty by Celebrity of up to
                           Hong Kong 31,000,000 of indebtedness of Celebrity
                           Exports International to The Hongkong and Shanghai
                           Banking Corporation, Ltd., plus post-default
                           interest and expenses of enforcement as provided in
                           the instrument of guaranty which evidences such
                           guaranty, (ii) guaranties by Celebrity of the
                           indebtedness of India, as described in subsections
                           (k) and (l) of Section 7.1, above, and (iii) the
                           guaranty by Cluett, Magicsilk, and India of
                           indebtedness of Celebrity to Merrill Lynch, as
                           described in subsection (i) of Section 7.1, above,
                           guarantee or otherwise in any way become or be
                           responsible for the indebtedness or obligations of
                           any other Person, by any means whatsoever, whether
                           by agreement to purchase the indebtedness of any
                           other Person or agreement for the furnishing of
                           funds to any other Person though the purchase of
                           goods, supplies, or services (or by way of stock
                           purchase, capital contribution, advance, or loan)
                           for the purpose of paying or discharging the
                           indebtedness of any other Person, or otherwise,
                           except for the endorsement of negotiable instruments
                           by a Borrower in the ordinary course of business for
                           collection."

         7.  By their execution hereof, each of the Borrowers hereby certifies 
to the Lender that as of the date hereof (a) all representations and warranties 
heretofore made by them under the



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Loan Agreement and the other loan papers related thereto are true in all
material respects, including but not limited to the fact that Cluett is a
corporation duly organized,validly existing, and in good standing under the
laws of the State of California, and (b) the Borrowers do not have or claim to
have any offset, counterclaim, or defense to any of their obligations under the
Loan Agreement or any of the other loan papers related thereto.

         8. Subject to satisfaction of the requirements for the effectiveness
of this Eighth Amendment, as set forth in paragraph 10 hereof, and the
agreement of the Borrowers to the terms and provisions in this Eighth
Amendment, the Lender hereby agrees to all of the foregoing amendments to the
Loan Agreement.

         9. Except as expressly set forth herein, all terms and provisions of
the Loan Agreement and the other loan papers related thereto are hereby
confirmed as in full force and effect. The Borrowers expressly agree by their
execution hereof that all security interests, liens, and benefits created and
conferred by the Loan Agreement and such loan papers cover and extend to all
obligations evidenced and created by the Note, the Loan Agreement as amended
hereby, and all renewals, extensions, and modifications thereof, in whole or in
part. All terms with their initial letters capitalized herein and not otherwise
defined herein have the same meanings set forth in the Loan Agreement.

         10.  This Eighth Amendment shall not be effective until the Lender
shall have received the following, each dated such day and in form and
substance satisfactory to the Lender:

         a.   This Eighth Amendment, duly executed by all parties hereto;

         b.   Certified copies (i) of the resolutions of the Board of
              Directors of each of the Borrowers, upon which the Borrowers
              rely for authorization of this Eighth Amendment and all
              documents executed in connection herewith, and (ii) of all
              documents evidencing other necessary corporate action,
              including all governmental and other consents and approvals,
              if any, with respect hereto and all other documents executed
              in connection herewith; and

         c.   A certificate of the Secretary or an Assistant Secretary of
              each of the Borrowers, certifying the names and genuine
              signatures of the officer or officers of each of the
              Borrowers authorized to sign this Eighth Amendment and the
              other documents to be executed and delivered by each of the
              Borrowers hereunder.

         11.  This Eighth Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument. In making proof hereof, it shall not be necessary to produce or
account for any counterpart other than one signed by the party against which
enforcement is sought.


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             THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK
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         IN WITNESS WHEREOF, the parties hereto have caused this Eighth
Amendment to be executed by their respective officers thereunto duly authorized
as of the date first above written.

NATIONAL CANADA FINANCE CELEBRITY, INC.
CORP.


By:     /s/ WILLIAM HANDLEY              By:      /s/ JAMES R. THOMPSON     
    -------------------------------          -------------------------------
    Print Name:   William Handley            Print Name:  James R. Thompson 
               --------------------                     --------------------
    Title:        Vice President             Title:       Vice President    
          -------------------------                -------------------------


By:        /s/ LARRY L. SEARS            MAGICSILK, INC.
    -------------------------------      
    Print Name:  Larry L. Sears                  
               --------------------
    Title:  Group Vice President         By:      /s/ JAMES R. THOMPSON     
          -------------------------          -------------------------------
                                             Print Name:  James R. Thompson 
                                                        --------------------
                                             Title:       Vice President    
                                                   -------------------------


                                         THE CLUETT CORPORATION


                                         By:      /s/ JAMES R. THOMPSON     
                                             -------------------------------
                                             Print Name:  James R. Thompson 
                                                        --------------------
                                             Title:       Vice President    
                                                   -------------------------


                                         INDIA EXOTICS, INC.


                                         By:      /s/ JAMES R. THOMPSON     
                                             -------------------------------
                                             Print Name:  James R. Thompson 
                                                        --------------------
                                             Title:       Vice President    
                                                   -------------------------



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