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                                                                   EXHIBIT 10.15



December 15, 1999

Mr. Mark Kost
7 Grassy Lane
Westford, MA 01886

Dear Mark:

I am delighted to formally extend to you our offer to join the AAi.FosterGrant
team. As I am sure you heard from all of us, this is an exciting place to work
with lots of challenges and a great opportunity to contribute to the success of
the company!

This letter summarizes the offer of employment made to you by AAi.FosterGrant,
Inc. ("Company") and is valid until December 22, 1999.

1.    POSITION: Chief Financial Officer.

2.    REPORTING RELATIONSHIP: President & COO.

3.    PRIMARY RESPONSIBILITIES: You have full responsibility for the Company's
      finance and information services functions on a global basis.

4.    BASE SALARY: Your base annual salary will be $217,000 paid in 52 weekly
      installments.

5.    BENEFITS: As a full time employee of the Company you will become eligible
      for our benefits programs including, but not limited to:

-     Medical and Dental insurance
-     Life insurance
-     401(k) program after one year of service
-     Paid vacation (3 weeks)

      A summary of our current benefits is enclosed for your review.

6.    ANNUAL BONUS: You will participate in the FY '01 performance bonus plan at
      the 30% base salary level based equally on your attainment of personal
      goals and the Company's performance against annual corporate business
      goals. You will receive a bonus of $20,000 paid in April, 2000.

7.    STOCK OPTIONS: Attachment A shall apply.
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8.    PERFORMANCE REVIEW: In general, performance and salary reviews will be
      effective as of one year from the date of hire.

9.    SPECIAL PROVISIONS/SEVERANCE. Attachment C shall apply.

10.   PROPRIETARY RIGHTS/NON-COMPETITION: Attachment B shall apply.

If you are in agreement with the foregoing, please signify by signing below.

Mark, I believe that you have the skills, experience, intellect and energy level
that will make you a successful team player at AAi.FosterGrant. I look forward
to your participation in this process and to working with you.

Sincerely,                                Agreed and Accepted:

/s/ John R. Ranelli                       /s/ Mark Kost
-----------------------------             ------------------------------
John R. Ranelli                           Mark Kost

President/COO


Encl:  Benefits Summary//I-9 Form



* AAi.Foster Grant verifies the identity and employment authorization of all new
hires, pursuant to the Immigration and Nationality Act. In order to comply with
this legal obligation, we must complete and Employment Eligibility form for your
review within three days of hire. Enclosed is an I-9 form for your review.
Please note that you will need to provide one document from "List A" OR one
document from "List B" AND one document from "List C" of the form. If you
anticipate having difficulty completing the I-9 form, please contact Lori
Gammino, AAi.FOSTER GRANT.
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                                  ATTACHMENT A

                                  STOCK OPTIONS

      Pursuant to the provisions of the Company's Incentive Common Stock Option
Plan (a copy of which will be provided to you), the Company will grant to you at
the Board of Directors meeting following the commencement of your employment,
but in no event later than six (6) months following the commencement of your
employment, subject to the terms and conditions of the Plan and the Company's
form of Incentive Stock Option Agreement (copy of which will be provided to
you), the right and option to purchase from the Company all or any part of an
aggregate of 11,224 shares of the common stock ($.01 par value) of the Company
at a purchase price equal to $32.00 per share. The option shall vest upon an
initial public offering of the Company's common stock or the achievement by
Company of $20 million EBIT.
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                                  ATTACHMENT B

                 PROPRIETARY RIGHTS/NON-COMPETITION AGREEMENT

      For purposes of this Agreement, the following are collectively referred
to as "Company": AAi.FosterGrant, Inc. and any other corporation, entity or
person, now or hereafter controlled by, controlling or under common control
with Company. "I" shall mean Mark Kost.

      I acknowledge that (1) Company is in the business of providing jewelry,
small leather goods, reading glasses and sunglasses and other accessories sales
and services to numerous customers, and expends significant resources in
developing, marketing and selling its services and products, and in developing
information which is not generally known to others and which is entitled to
protection from improper disclosure and use; (2) I will occupy a position of
special value to Company and, in the discharge of duties customary to that
position, I will have access to Company's vital and unique business information
which allows Company to gain a competitive edge over competitors; and (3) I will
have close, regular contact and relationships with Company's other employees
and, because of the personal nature thereof, such employees will develop
identification with me, rather than the Company itself, could create the
potential for my appropriation of such relationships developed on Company's
behalf and expense.

      I further acknowledge that an essential element of maintaining Company's
relationships with its customers is the development and maintenance of personal
contacts with vendor and customer personnel who are responsible for obtaining
Company services and products and, towards that end, Company (1) encourages
employees, including me, to become personally acquainted with vendor and
customer personnel and (2) provides employees, including me, access to
information gathered by Company about vendors and customers. This policy
represents a significant, costly investment by Company, to the extent additional
manpower is necessary to develop such contacts and relationships and gather such
information. Because of the personal nature of such contacts and relationships,
Company's vendors and customers commonly develop identification with employees,
including me, rather than Company itself. Such identification creates potential
for my appropriation of the benefits of relationships developed with vendors and
customers on Company's behalf and expense.

     In this Agreement, Company's information, data and knowledge is known as
Proprietary Materials. It includes such information, data and knowledge
developed or obtained by or on behalf of Company relating to, used in connection
with or reasonably likely to be useful to any of Company's businesses, ventures,
research, investigations or activities, including but not limited to all of
Company's products, discoveries, ideas, inventions, methods, improvements,
concepts, developments, methods, designs, drawings, works, processes, know-how,
computer programs, internal policies and procedures, vendors, customers,
contacts, prospects, financial information, business records, marketing
practices and any papers labeled "secret," "confidential," or "proprietary," as
well as any confidential information of any of Company's customers provided to
Company. I understand that each of the foregoing constitutes Proprietary
Materials even if conceived, made, developed, created or first reduced to
practice by me during my term of employment with Company, and whether or not (1)
I did so at the request or suggestion of Company, (2) they resulted from or were
suggested by any work that I have performed or may perform for Company, (3) I
did the work alone or in conjunction with others, (4) I did the work during
regular hours of work or otherwise, or at Company's place of business or
elsewhere, and (5) the Proprietary Materials are patentable or copyrightable by
me or someone else. Notwithstanding the foregoing, Company and I agree that
Proprietary Materials will not include any information, data or knowledge that I
can establish by written evidence as having been conceived, made or reduced to
practice by me which was created or conceived without use of Company resources,
outside of regular Company business hours and that is unrelated to or reasonably
unlikely to be useful to Company.

      In order to provide greater comfort to Company that it can continue to
share its Proprietary Materials with me without fear of appropriation thereof,
and to clarify our common understanding concerning our mutual responsibilities,
I am entering into this Agreement. I have read it carefully so that I may
understand its importance.
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As a condition to my employment and continued employment, and in consideration
of the premises and the compensation that I accept in connection with such
employment, I agree as follows:

     1. During my employment and thereafter, I shall not, in any way, directly
or indirectly, disclose or appropriate to my own use, or to the use of any party
other than Company, the Proprietary Materials. I shall use my best efforts to
protect the Proprietary Materials from disclosure or misuse, and inform an
executive officer of Company immediately upon learning of any improper
disclosure or misuse of Proprietary Materials by me or by any other employee or
person. I shall not copy or remove from Company's premises any media, papers,
drawings or models relating to or containing any of the Proprietary Materials,
except to the extent necessary in the course of such employment.

      2. During the term of such employment and upon termination of my
employment, I shall promptly and fully disclose to an executive officer of
Company any Proprietary Materials of which I have knowledge.

      3. The Proprietary Materials shall at all times be the exclusive property
of Company, although I am aware that in the absence of this Agreement I may have
been entitled to rights in some of the Proprietary Materials. Accordingly, I
agree that all Proprietary Materials consisting of writings or works (including
but not limited to computer software program codes) shall be considered works
made for hire under the copyright laws, and therefore owned by Company. So as to
assure Company's exclusive rights in the Proprietary Materials, I hereby assign,
transfer and give to Company my entire right, title and interest in and to the
Proprietary Materials, including but not limited to all rights throughout the
world and any renewals and extensions associated therewith. At the request of
Company, during the term of my employment and forever thereafter, I shall (a)
sign, verify, acknowledge, deliver and file any documents necessary or advisable
for Company to obtain ownership of the Proprietary Materials, including, at
Company's expense, the issuance of patents or copyrights to Company with respect
to the Proprietary Materials, and (b) otherwise assist Company in every
reasonable manner in obtaining any of its rights in the Proprietary Materials
(including but not limited to providing testimony at legal proceedings). I
hereby irrevocably appoint Company as my attorney-in-fact (which appointment
shall be deemed a power coupled with an interest) with full powers of
substitution and delegation, to execute, verify, acknowledge and deliver any
such documents.

      4. Upon the termination of my employment for any reason, or if Company
shall request sooner, I shall promptly deliver to an executive officer of
Company all media, papers, drawings, models and other existing material in my
possession or control relating to or containing any of the Proprietary
Materials.

      5. I shall not disclose to Company any knowledge, data or information
which, to my knowledge, another company may consider to be its confidential
information, trade secrets or proprietary information. I am not subject to any
other agreements, whether in writing or verbally, with anyone else that would
prohibit, restrict or interfere with my employment or fulfilling my obligations
under this Agreement.

      6. Were I to leave the Company's employment and utilize my administrative,
financial, technological, marketing and sales skills in competition with
Company, the results would be materially adverse to Company. Accordingly, during
such employment and during the twelve (12) month period following the
termination of my employment with Company (the "non-competition period"), I
shall not engage in or carry on, in any way, directly or indirectly, either for
myself or as a member of a partnership or as a stockholder or investor (except
for ownership of securities, not exceeding 5% of any class, of a corporation
traded on a national securities exchange) or as an officer, director, employee,
agent, representative, advisor or consultant of any entity (other than Company),
any business similar to or competing with any business carried on by Company or
its successors at the time of the termination of my employment, or directly or
indirectly related to the Business and to which I have been exposed at any time
during such employment, in the United States or any other country in which
Company does business or engages in activities at the time of the termination of
such employment.

      7. I shall not, during the non-competition period, in any way, directly or
indirectly (except in the course of such employment), call upon, solicit, advise
or otherwise do or attempt to do, business with any clients, customers or
accounts of Company with whom I had any dealings at any time during the course
of such employment, or take away or interfere or attempt to interfere with any
custom, trade, business or patronage of
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Company, or interfere with or attempt to interfere with any officers, employees,
representatives, advisors, consultants or agents of Company, or induce or
attempt to induce any of them to leave the service of Company or violate
agreements with it. At the termination of my employment, Company shall supply to
me a written listing of clients, customers or accounts of Company.

      8. The foregoing shall be deemed to be a series of separate covenants, one
for each county of each state or territory of the United States and one for each
and every country in which Company does business or engages in activity. If a
court shall refuse to enforce all of such separate covenants, then such
unenforceable covenants shall be deemed eliminated for the purpose of such
proceedings to the extent necessary to permit the remaining separate covenants
to be enforced. If a court refuses to enforce any one or more of such separate
covenants because the time thereof is deemed to be excessive or unreasonable,
then such covenants, which would otherwise be unenforceable due to such
excessive or unreasonable period of time, shall be enforced for such lesser
period of time as deemed reasonable and not excessive by such court.

       9. I shall comply with this Agreement even after the termination of my
employment for any reason, and I shall perform each and every obligation set
forth in this Agreement without any further payment or compensation to me,
except for any reasonable out-of-pocket expenses incurred at the request of
Company.

      10. It is understood and agreed that any breach of this Agreement is
likely to result in irreparable injury to Company, and that the remedy at law
alone will be an inadequate remedy for such breach, in that in addition to any
other remedy Company may have, Company shall be entitled to enforce my specific
performance of this Agreement, and to seek both temporary and permanent
injunctive relief (to the extent permitted by law) without the necessity of
proving actual damages.



                                          /s/ Mark Kost
                                          -------------------------------------
                                          Mark Kost
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                                  ATTACHMENT C

                          SPECIAL PROVISIONS/SEVERANCE


      1. This letter sets forth the terms of employment, and does not constitute
or promise employment for a specific term. Either you or we can terminate
employment for any reason. Notwithstanding the foregoing, if your employment is
terminated by Company for other than cause, then so long as you are in
compliance with the terms of this letter agreement, including all attachments.
Company shall pay to you a severance consisting of payments on the first
business day of each of the twelve (12) months immediately succeeding the date
of termination of your employment equal to 1/12th of your Base Salary in effect
on the date of termination. For purposes of the prior sentence, "cause" shall
mean: (a) your permanent disability under Company's long-term disability
insurance coverage; (b) failure to devote full time and best efforts to the
performance of your duties; (c) commission of an act of gross negligence,
dishonesty, fraud, gross insubordination, malfeasance, disloyalty, bad faith or
breach of trust in the performance of your duties; (d) failure to observe the
agreements set forth in the agreements attached as Attachment B; (e) commit a
felony or act which, in the judgment of the Board of Directors of Company,
subjects you or Company to public disrespect, scandal or ridicule so as to
materially and adversely affect the utility of your services to Company; or (f)
refuse to perform duties assigned to you in good faith or violate or fail to
observe any lawful business instruction or lawful business policy established by
Company with respect to the operation of its business and affairs or fail to, or
refuse to, substantially perform your duties; and with respect to items (b) and
(f), after a written notice is delivered by Company, which specifically
identifies the manner in which you have become subject to termination for cause,
if not cured (if such matter is susceptible of cure) within twenty (20) days
after such written notice.

      2. This Agreement shall be governed by and construed in accordance with
the laws of the State of Rhode Island, without regard to its Conflict of Laws
Rules. Employee agrees and consents to personal jurisdiction and service in
venue in any Federal or State Court within Rhode Island having subject matter
jurisdiction, for purposes of any action, suit or proceeding arising out of or
relating to this Agreement. Employee waives trial by jury in any such action,
suit or proceeding.