Exhibit 10.2

                              [COMPANY LETTERHEAD]

                              EMPLOYMENT AGREEMENT

Mr. Jeffrey J. Kaplan
4 Marsico Court
Blauvelt, New York 10913

Dear Jeffrey:

      When  countersigned  by you and delivered to us, this letter  confirms our
agreement to be employed by BIB Ltd./Sassoon  Group,  Inc. (the "Company") on he
terms set forth in this letter:

      1. You shall be employed as a full-time  employee of Company  effective as
of the  commencement of the initial term referred to in paragraph 2. At the time
the Company shall close aggregate  financing  including an equity line of credit
in the amount of not less than $2.6  million  (before  fees and  expenses),  you
shall then assume the position of Executive Vice  President and Chief  Financial
Officer of the Company and shall become a director' of the Company. You shall at
all times report to the Chairman,  Mark Binder and/or the CEO, Gail Binder. Your
office shall be at the Company's New York City offices, and at your home office.

      2. The initial term of your employment  shall commence on January 1, 2004,
for a period of three years  thereafter,  unless terminated sooner in accordance
with the terms  oft : is Letter  Agreement.  The term of your  employment  shall
automatically be renewed and extended,  for successive one-year extension terms,
unless you or the Company  gives  written  notice to the other of  intention  to
terminate  not later  than 1 years  prior to the  expiration  of the  initial or
then-current  extension  term.  Notwithstanding  the  foregoing,  you  shall  be
entitled, at your election, to terminate your employment within 10 business days
following  a Change of  Control;  and in such event you shall be entitled to the
severance  benefits  referred in paragraph 10 below  applicable  to  termination
following a Change of Control.

      3. As compensation  for your employment and services,  you shall be paid a
signing  bonus of $30,000 on January 2, 2004 and a base salary at an annual rate
of  $120,000  per year.  In the event the  Company  closes  aggregate  financing
including  an equity line of credit of not less than $2.5  Million  (before fees
and  expenses)  then for the period from January 1 through  June 30,  2004,  you
shall be paid a base  salary at an annual  rate of not less  than  $200,000  per
year. In either case,  such base salary shall be paid to you in accordance  with
the  standard  payroll  (including  withholding)  practices  of the  Company for
executives,  as they exist from time to time,  but in any event in not less than
monthly  installments.  Starting July 1, 2004, your base salary shall be paid at
the rate of not less than $250,000 per year,  provided such aggregate  financing
is reached.  Starting July 1, 2005,  and annually  thereafter for so long as you
remain employed by the Company, your salary shall increase at a rate of at least
5% per year. Severance amounts payable under this Letter Agreement shall be paid
at the last base salary level on the effective date of the termination.

<PAGE>

      4. You and the  Company  shall agree on terms and targets for a bonus plan
for senior  executives  for each calendar  year,  designed to provide you with a
minimum  guaranteed bonus of $50,000 for calendar year 2004,  payable in January
2005.  Regardless  of any bonus plan  calculation,  you shall  receive a minimum
bonus of $50,000 for calendar  year 2004 payable  January 15, 2005. In the event
of failure to agree to such bonus plan, a minimum  bonus payable as set forth in
this  paragraph  shall be due to you in January  2005 on account of your work in
2004. In the event your  employment  shall terminate prior to December 31, 2004,
you shs11l be paid, within 30 days of termination, a bonus, based on the minimum
guarantee stated in this paragraph,  which shall be pro rated for.the portion of
the year in issue prior to the effective date of your termination.

      5. You shall receive such  benefits,  and right to  participate in benefit
programs,  as the Company maintains for its regular full-time  employees and its
executives.  Your reasonable and necessary travel and other expenses incurred in
connection  with the  performance of your  responsibilities  in accordance  with
Company  guidelines  shall  be  reimbursed  to you by the  Company,  subject  to
presentation of appropriate  documentation  and receipts in accordance with then
applicable Company policy.

      6. You shall be entitled to an annual vacation of three weeks for 2004 and
four weeks annual vacation for 2005 and each year thereafter.

      7. As an inducement  to your  execution of this Letter  Agreement,  and in
compensation,  in part,  for  services you are to provide  hereunder,  you shall
receive  if and when  during  the  Term the  Company  shall  close on  aggregate
financing  including  an equity  line of  credit  of not less than $2.5  million
(before fees and expenses), options to acquire shares of the common stock of the
Company.  Such options shall be at the closing  market price on the day prior to
the date on which such aggregate  financing closes, and shall be for two million
five hundred  thousand  shares,  in the  aggregate.  Such options  shall vest as
follows:  100,000 shares vested upon issuance of such options; 100,000 shares to
vest on the  last  business  day of each  month  starting  with the  month  such
aggregate  financing is dosed,  and concluding with the last business day of the
24th month  following such closing.  In the event your  employment is terminated
prior to full vesting,  for any reason other than Cause,  all options shall vest
upon such  termination.  The options shall be exercisable  for a period of seven
and  one-half  years  from the date of  grant.  The  company  shall use its best
efforts  to obtain  registration  for all  stock  that is the  subject  of these
options,  within 90 days of the date upon which your right to acquire such stock
vests..  If such stock is not registered within 90 days of the vesting date, the
Company agrees to redeem all or any portion of such stock, at your election,  at
the closing market price on the day you request such redemption.

      8. In addition to stock  options,  if and when during the term the Company
shall close on aggregate  financing  of not less than $2.6 million  (before fees
and  expenses),  you shall  receive a grant of 500,000  shares of the  Company's
common stock. The Company shall use its best efforts to obtain  registration for
such stock within 120 days of issuance.  If such stock is not registered  within
120 days of the grant date,  the Company  agrees to redeem all or any portion of
such stock, at your election, at the closing market price on the day you request
such redemption.


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<PAGE>

      9. In the event the Company terminates your employment without "Cause", or
you terminate your employment for Good Reason,  you shall be entitled to receive
a  severance  payment  in  the  amount  of  salary  for  the  remainder  of  the
then-current term of this Letter  Agreement,  or one year's salary (whichever is
the greater)  and to continue to receive for such period all benefits  available
to you as of the time of termination of your employment.  In the event that your
employment  is  terminated  by the Company or you following a Change of Control,
you shall be  entitled to a severance  benefits  referred to in the  immediately
preceding sentence,  except that such severance period shall be increased to two
years. Such severance amounts shall be payable, at your option, in a lump sum or
on the  periodic  basis in  effect  at the time of such  termination.  You shall
receive  such lump sum payment  within 15  business  days of  providing  written
notice to elect such payment  method to the Company,  following  termination  of
your  employment.  If severance  is payable  under this  paragraph  prior to the
payment of your 2004 guaranteed bonus, you shall also receive a payment equal to
the minimum amount of such bonus. In the event of any termination  entitling you
to severance  payments under this section,  all stock options  previously issued
shall continue to vest according to the vesting schedule in paragraph 7, and you
shall be  entitled  to the  exercise  period  provided  for in the  grant of the
option.  You shall have no obligation to mitigate  damages  during any severance
period or in the event of any breach by the  Company of this  Letter  Agreement,
and your  entitlement  to  receive  severance  or other  payments  shall  not be
affected  or  impaired  by whether  you are  employed  in any  period  after the
termination of this Letter Agreement.

      10. (a) "Cause" for  termination  of your  employment by the Company shall
mean (1) willful and continuing  refusal by you, after written notice, to follow
lawful directives of the Chief Executive Officer or of the Board of Directors of
the Company;  or (2) conviction of a felony;  or (3) a financial  impropriety in
which the Company is successful in prosecuting such claim in court.

            (b) "Good Reason"  means a breach by the Company of its  obligations
under this Letter Agreement, including but not limited to any material change in
your duties or responsibilities or compensation,  a relocation of your office to
more than 75 miles from your residence,  in Blauvelt,  New York, or a failure to
secure the agreement of any successor  company to assume all obligations of this
Agreement.

            (c)  "Change of  Control"  means any one of the  following:  (1) any
transaction  or series of  transactions  pursuant  to which  Mark  Binder,  Gail
Binder, and their children, collectively, are no longer the largest shareholders
of the Company or no longer  beneficially  own, directly or indirectly more than
35% of the Company's outstanding voting securities entitled to vote on a regular
basis for a majority of the members of the Board of  Directors;  (2) a change in
the  composition of the Board of Directors of the Company such that,  during any
24 month  period,  persons who were  directors  at the  beginning of such period
cease,  for any reason,  to continue to constitute a majority of the Board;  (3)
any merger or other business  combination (in one or more  transactions)  of the
Company,  unless the Company is the entity surviving and the shareholders of the
Company  prior to the  transaction(s)  own and  control not less than 60% of the
voting  power,  directly  or  indirectly,  of  the  surviving  entity;  (4)  the
consummation  of any plan of  liquidation  of the  Company,  or the filing by or
against the Company of a petition in Bankruptcy  (which is not dismissed  within
30 days).

      11. If you become  Permanently  Disabled  during the initial  term, or any
extension of this Letter  Agreement,  (a) all  outstanding  stock  options shall
continue to vest  according to the vesting  schedule in paragraph 7 and shall be
exercisable during the period provided for in the grant of the stock option; and
(b) the  Company  will pay to you an amount  equal to the  salary you would have
earned  during the  then-current  term of this Letter  Agreement for a six month
period.  "Permanently  Disabled"  means unable,  for a period of 90  consecutive
days,  or more,  to perform the duties of your  position on account of mental or
physical injury or illness.


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<PAGE>

      12. The Company  agrees that it will  indemnify  you and hold you harmless
for any and all claims made by third  persons  with respect to any acts taken or
omitted by you in the course of or in connection  with the  performance  of your
employment  hereunder to the fullest and greatest extent permitted by applicable
law, and shall purchase,  acquire and maintain  policies of insurance for Errors
and Omissions and Directors' and Officers  Liability in the aggregate  amount of
$5 million.

      13.  This  Letter  Agreement  (together  with any  grant of stock or stock
options  issued in pursuant  hereto)  constitutes  the entire  agreement  of the
parties  concerning  the terms and  conditions of your  employment.  This Letter
Agreement  may  be  amended  only  by a  writing  signed  by  you  and by a duly
authorizedd  representative of the Company. No modification or amendment of this
Letter  Agreement  shall be  effective  for any  purposes  unless set forth in a
writing  signed by the parties  hereto.  No failure or delay in  exercising  any
rights under this Letter Agreement shall  constitute a waiver or  relinquishment
of any rights  under  this  Letter  Agreement,  except as set forth in a writing
signed by the party against whom such waiver is sought to be enforced. No waiver
of any right under this Letter  Agreement at any point in time or for any period
shall effect any waiver or  relinquishment  of rights as to any future period or
with respect to any future event.

      14. The Company  represents  and warrants to you that:  (a) the entry into
and  performance  of this Letter  Agreement is not prohibited or impaired by any
law, rule, regulation, court order or decree, contract or agreement to which the
Company is a party or by which it is bound; (b) all formalities required to make
this Letter Agreement a binding  obligation of the Company have been undertaken;
and (c) the person  executing this Letter  Agreement on behalf of the Company is
duly authorized to do so.

      15.  This  Letter  Agreement  is entered  into by and  between you and the
Company  effective as of the date first written  above and shall be deemed,  for
any and all purposes to have been entered into and to be performed wholly within
the State of New York.  In the event of any dispute  concerning  performance  or
breach of the obligations  stated in this Letter Agreement,  you and the Company
agree that any lawsuit, action or claim with respect thereto shall be filed only
in the State or Federal courts  located in City,  County and, State of New York.
You and the Company waive any and all objections to the jurisdiction or venue of
any such courts.  In the event a lawsuit or other legal proceeding is brought to
enforce  the  terms  of this  Letter  Agreement,  you  shall be  entitled  to be
reimbursed  for  any  and  all  reasonable  legal  expenses  incurred  by you in
connection therewith.

      16. Notices for BIB Ltd./Sassoon  should be sent to Mark Binder at Sassoon
Group, 1 West 34th Street,  loth Floor,  New York, NY 10001 with copies to Scott
Allinson at Tallman Hudders & Sorrentino,  Paragon  Centre-Suite  300, 1611 Pond
road, Allentown, PA 18104. Notices for Kaplan should be sent to him at 4 Marsico
Court, Blauvelt, NY 10913.


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<PAGE>

                                        Very truly yours,


                                        /s/ Mark Binder
                                        ----------------------------------------
                                        Mark Binder
                                        Chairman

Agreed to this 29th day of October, 2003:


/s/ Jeffrey J. Kaplan
-----------------------------------
Jeffrey J. Kaplan


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