EXHIBIT (4)(G)


                                 SIXTH AMENDMENT

     Reference is made to Share Purchase Rights Agreement, dated as of September
6,  1988,  between  Nantucket  Industries,  Inc.,  a Delaware  Corporation  (the
"Company"),  and STATE STREET BANK & TRUST COMPANY, a Massachusetts  corporation
(the "Rights Agent"),  as amended by amendments  dated October 3, 1988,  October
18,  1988,   November   11,  1988,   November  17,  1988  and  August  15,  1994
(collectively,  the "Rights  Agreement").  Capitalized terms used herein and not
otherwise  defined  shall  have  the same  meaning  as set  forth in the  Rights
Agreement.

     The Board of  Directors  of the  Company has  determined  that it is in the
Company's  interest to issue an aggregate  873,370  shares of its Common Shares,
$.10 par value, to a private investor (the "Investor").  An aggregate 623,370 of
such  shares  are  issuable  only  upon   conversion   of  certain   Convertible
Subordinated  Debentures  of the Company.  The Investor has  requested  that the
percentage  of stock  ownership  which  causes a person to  become an  Acquiring
Person be  increased  from 30% to 35%. The Board of Directors of the Company has
determined that this change is in the Company's interest.

     The Company  certifies to the Rights Agent that the  Distribution  Date has
not  occurred.  Accordingly  the Rights  Agreement  can be amended  without  the
approval of holders of  certificates  representing  Common  Shares except for an
amendment  which would  change the  Redemption  Price,  Final  Expiration  Date,
Purchase  Price,  or number of  fractional  Series A Shares for which a Right is
exercisable,  as  provided  in Section 27 of the Rights  Agreement.  The Company
further  certifies to the Rights  Agent that this Sixth  Amendment to the Rights
Agreement is in compliance with the terms of Section 27.

     Pursuant to Section 29(b) of the Rights Agreement, amendments to the Rights
Agreement  may be adopted by the  concurrence  of such number (but no fewer than
three)  of the  Continuing  Directors  as shall  constitute  a  majority  of the
Continuing  Directors  then  in  office.  By  unanimous  vote  of the  Board  of
Directors,  including the unanimous vote of all (constituting  three or more) of
the Continuing  Directors,  the Company has  authorized  amendment of the Rights
Agreement in order to clarify certain  definitions so that the Investor will not
become an Acquiring Person.

     Accordingly,  in consideration  of the foregoing and the mutual  agreements
herein set forth,  the parties  hereby  agree to amend the Rights  Agreement  as
follows:

     1. Section 1(a) of the Rights  Agreement  shall be amended by replacing the
phrase "30 percent" with the phrase "35 percent."

     2.  Section  11(a)(ii)(B)  of the  Rights  Agreement  shall be  amended  by
replacing the phrase "thirty percent (30%)" with the phrase "thirty-five percent
(35%)."







     Except as  expressly  amended  herein,  the Rights  Agreement  shall remain
unmodified and in full force and effect.




     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Amendment to be
duly executed and their  respective  corporate seals to be hereunto  affixed and
attested, all as of the 15th day of August, 1996.


                                    NANTUCKET INDUSTRIES, INC.
ATTEST:

  /s/ R. Campbell                      By:/s/ Ronald S. Hoffman
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                                       Ronald S. Hoffman
                                       Vice President-Finance and Secretary


                                       STATE STREET BANK & TRUST
                                       COMPANY
ATTEST:

 /s/ S. Cessor                         By:/s/ Ronald E. Logue
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                                       Ronald E. Logue
                                       Executive Vice President