Factoring Agreement

                                                                  EXHIBIT 10.8.2

                           GMAC COMMERCIAL FINANCE LLC
                           1290 Avenue of the Americas
                            New York, New York 10104


                                January 23, 2006

TARRANT APPAREL GROUP
FASHION RESOURCE (TCL), INC.
TAG MEX, INC.
UNITED APPAREL VENTURES, LLC
PRIVATE BRANDS, INC.
NO! JEANS, INC.
                         3151 East Washington Boulevard
                         Los Angeles, California 90023

Re: AMENDMENT TO FACTORING AGREEMENT

Ladies and Gentlemen:

         Reference is made to the Factoring Agreement (as amended,  supplemented
or  modified  from time to time,  the  "Factoring  Agreement")  effective  as of
September 29, 2004 by and among TARRANT APPAREL GROUP,  FASHION  RESOURCE (TCL),
INC., TAG MEX, INC., UNITED APPAREL VENTURES, LLC, PRIVATE BRANDS, INC., and NO!
JEANS,  INC.  (individually  and  collectively,  "Client")  and GMAC  Commercial
Finance LLC  ("Factor"),  and to all of the  instruments,  agreements  and other
documents  executed  and/or  delivered  in  connection  therewith  (all  of  the
foregoing,  together with the Factoring Agreement, as the same now exist, or may
hereafter be amended, restated,  renewed, extended,  supplemented,  substituted,
replaced or otherwise  modified,  collectively,  the "Agreements").  Capitalized
terms used in this letter agreement (this "Amendment") and not otherwise defined
shall have the meanings attributed to them in the Factoring Agreement.

         Client has requested that Factor amend and modify certain provisions of
the  Factoring  Agreement.  Factor is  willing to do so subject to the terms and
conditions set forth herein.

         In  consideration  of the  foregoing  and for other  good and  valuable
consideration,  the receipt and sufficiency of which is hereby acknowledged, the
parties hereby agree as follows:

         A.       AMENDMENT.  Factor and Client  acknowledge,  confirm and agree
                  that,  effective on the date hereof,  the Agreements  shall be
                  amended as follows:

         1.       The definition of "BORROWING BASE" appearing in Rider 1 to the
                  Factoring  Agreement  is hereby  amended  and  restated in its
                  entirety as follows:


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                  ""BORROWING   BASE"  shall  mean  up  to  the  lesser