AGREEMENT

   1
                                                                    EXHIBIT 10.3

                                   AGREEMENT


         This Agreement dated effective August 31, 1995, by and between TRISTAR
CORPORATION, a Delaware corporation (formerly Xxxx Cosmetics Distribution
Centers, Inc.) ("Tristar"), Eurostar Perfumes, Inc., a Texas corporation
("Eurostar"), and Starion International Ltd., a United Kingdom company
("Starion") (successor to S&J Perfume Co., Ltd., a corporation organized under
the laws of the United Kingdom).

                              W I T N E S S E T H:

         WHEREAS, Tristar, Eurostar and Starion (or their respective
predecessor or successor corporations, as applicable) entered into a
Distribution Agreement (the "Distribution Agreement") dated October 23, 1992;
and

         WHEREAS, the parties hereto desire to terminate the Distribution
Agreement;

         NOW, THEREFORE, Tristar, Eurostar and Starion mutually agree to
terminate the Distribution Agreement in all respects.

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date and year first above written.

                                        TRISTAR CORPORATION
                                        (formerly Xxxx Cosmetics Distribution
                                            Centers, Inc.)      
                                        
                                        
                                        
                                        By:    /s/ Xxxxx X. Xxxxx              
                                               --------------------------------
                                        Name:  Xxxxx X. Xxxxx                  
                                               --------------------------------
                                        Title: Chief Executive Officer         
                                               --------------------------------
                                        
                                        
                                        EUROSTAR PERFUMES, INC.
                                        
                                        
                                        
                                        By:    /s/ Xxxx X. Xxxxxx              
                                               --------------------------------
                                        Name:  Xxxx X.Xxxxxx                   
                                               --------------------------------
                                        Title: Chief Financial Officer         
                                               --------------------------------
                                        
                                        STARION INTERNATIONAL LTD.
                                        
                                        
                                        
                                        By:    /s/ Xxx Xxxxx                   
                                               --------------------------------
                                        Name:  Xxx Xxxxx                       
                                               --------------------------------
                                        Title: Managing Director               
                                               --------------------------------