Document:

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                                                                    EXHIBIT 4.18

                        CONSENT AND WAIVER dated as of November 19, 1999 (this
                    "Consent"), to the Credit Agreement dated as of April 30,
                    1998, as amended by Amendment No. 1 thereto dated as of
                    August 26, 1998 (the "Credit Agreement"), among JAFRA
                    COSMETICS INTERNATIONAL, INC. (formerly CDRJ Acquisition
                    Corporation), a Delaware corporation ("JCI"), JAFRA
                    COSMETICS INTERNATIONAL, S.A. de C.V., a sociedad anonima de
                    capital variable organized under the laws of Mexico
                    (together with JCI, the "Borrowers"), CDRJ INVESTMENTS (LUX)
                    S.A., a societe anonyme organized under the laws of
                    Luxembourg ("Parent"), the several banks and financial
                    institutions party to the Credit Agreement (the "Lenders"),
                    the Issuing Bank and CREDIT SUISSE FIRST BOSTON, a bank
                    organized under the laws of Switzerland, acting through its
                    New York branch, as administrative agent (in such capacity,
                    the "Administrative Agent").

     A.  Pursuant to the Credit Agreement, the Lenders and the Issuing Bank have
extended, and have agreed to extend, credit to the Borrowers.

     B.  Parent and the Borrowers have requested that the Required Lenders and
the Administrative Agent consent to the purchase by the Borrowers of their
Subordinated Notes in certain circumstances, and the Administrative Agent and
the Required Lenders are willing to grant such consent, on the terms and subject
to the conditions set forth herein.

     C.  Capitalized terms used but not defined herein shall have the meanings
assigned to them in the Credit Agreement.

     Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto agree as follows:

     SECTION 1.  Consent and Waiver.  The Required Lenders and the
Administrative Agent hereby consent to the purchase by the Borrowers of their
Subordinated Notes in the open market from time to time, and hereby waive
compliance by the Borrowers with the provisions of Section 6.10 of the Credit
Agreement to the extent (but only to the extent) necessary to permit such
purchases, in each case so long as (a) at the time of and immediately after
giving effect to each such purchase, no Default or Event of Default shall have
occurred and be continuing, and (b) the aggregate purchase price for all such
Subordinated Notes repurchased pursuant to this Consent shall not exceed
$25,000,000.

     SECTION 2.  Representations and Warranties.  To induce the other parties
hereto to enter into this Consent, each of Parent and each Borrower represents
and warrants to each of the

                                       1
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Lenders and the Administrative Agent that (a) the representations and warranties
set forth in Article III of the Credit Agreement are true and correct in all
material respects on and as of the date hereof with the same effect as though
made on and as of the date hereof, except to the extent such representations and
warranties expressly relate to an earlier date, and (b) as of the date hereof no
Default or Event of Default has occurred and is continuing.

     SECTION 3.  Conditions to Effectiveness.  This Consent shall become
effective as of the date hereof upon receipt by the Administrative Agent of
counterparts of this Consent that, when taken together, bear the signatures of
Parent, the Borrowers, the Administrative Agent and the Required Lenders.

     SECTION 4.  Effect of Consent.  Except as expressly set forth herein, this
Consent shall not by implication or otherwise limit, impair, constitute a waiver
of, or otherwise affect the rights and remedies of the Lenders, the
Administrative Agent, Parent or either Borrower under the Credit Agreement or
any other Loan Document, and shall not alter, modify, amend or in any way affect
any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect.  Nothing
herein shall be deemed to entitle Parent or either Borrower to a consent to, or
a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document in similar or different circumstances.
After the date hereof, any reference to the Credit Agreement shall mean the
Credit Agreement as modified hereby.  This Consent shall constitute a "Loan
Document" for all purposes of the Credit Agreement and the other Loan Documents.

     SECTION 5.  Counterparts.  This Consent may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.
Delivery of any executed counterpart of a signature page of this Consent by
facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof.

     SECTION 6.  APPLICABLE LAW.  THIS CONSENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK,
WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICTS OF LAWS TO THE
EXTENT SUCH PRINCIPLES OR RULES WOULD REQUIRE THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION.

     SECTION 7.  Notices.  All notices hereunder shall be given in accordance
with the provisions of Section 9.02 of the Credit Agreement.

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     SECTION 8.  Headings.  The headings of this Consent are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

     IN WITNESS WHEREOF, the parties hereto have caused this Consent to be duly
executed by their duly authorized officers, all as of the date and year first
above written.

                                 JAFRA COSMETICS INTERNATIONAL, INC.,

                                  by
                                    /s/ Michael A. DiGregorio
                                    -------------------------------------
                                    Name:  Michael A. DiGregorio
                                    Title: Senior Vice President and Chief
                                           Financial Officer

                                 JAFRA COSMETICS INTERNATIONAL, S.A. DE C.V.,

                                  by
                                    /s/ Michael A. DiGregorio
                                    -------------------------------------
                                    Name:  Michael A. DiGregorio
                                    Title: Senior Vice President and Chief
                                           Financial Officer

                                 CDRJ INVESTMENTS (LUX) S.A.,

                                  by
                                     /s/ Michael A. DiGregorio
                                     --------------------------------------
                                     Name:  Michael A. DiGregorio
                                     Title: Senior Vice President and Chief
                                            Financial Officer

                                 CREDIT SUISSE FIRST BOSTON,
                                 individually and as Administrative Agent,

                                  by
                                     /s/ David W. Kratovil
                                     --------------------------
                                     Name: David W. Kratovil

                                       3
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                                      Title: Director

                                       4
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                                  by
                                     /s/ Chris T. Horgan
                                     --------------------------
                                     Name: Chris T. Horgan
                                     Title: Vice President

                                 HSBC BANK USA,

                                  by
                                     /s/ Christopher F. French
                                     -------------------------------
                                     Name: Christopher F. French
                                     Title: Authorized Signatory

                                 BANK OF AMERICA, N.A.,

                                   by
                                      /s/ Johns Ellington
                                      -----------------------------
                                      Name: Johns Ellington
                                      Title: Vice President

                                 THE BANK OF NEW YORK,

                                  by
                                     /s/ Julie Follosco
                                     ----------------------------
                                     Name: Julie Follosco
                                     Title: Vice President

                                 UNION BANK OF CALIFORNIA, N.A.,

                                  by
                                     /s/ Richard P. DeGrey
                                     ----------------------------
                                     Name: Richard P. DeGrey
                                     Title: Vice President

                                 CITY NATIONAL BANK,

                                  by
                                     /s/ Steven K. Sloan
                                     ----------------------------

                                       5
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                                     Name:  Steven K. Sloan
                                     Title: Vice President

                                 THE CHASE MANHATTAN BANK,

                                  by
                                     /s/ Kathryn Duncan
                                     -------------------------
                                     Name: Kathryn Duncan
                                     Title: Vice President

                                       6<PAGE>

                                                                    EXHIBIT 4.19

      SUBSTITUTION OF TRUSTEE AND PARTIAL RECONVEYANCE OF DEED OF TRUST,
    ASSIGNMENT OF LEASES AND RENTS, FIXTURE FILING AND SECURITY AGREEMENT,
                      AND RELEASE OF FINANCING STATEMENT

     The undersigned, present Beneficiary under that certain Deed of Trust,
Assignment of Leases and Rents, Fixture Filing and Security Agreement (the "Deed
of Trust") executed by JAFRA COSMETICS INTERNATIONAL, INC., a Delaware
corporation, as Trustor, TITLESERV AGENCY OF NEW YORK CITY, INC., as original
Trustee, for the benefit of CREDIT SUISSE FIRST BOSTON, as Administrative and
Collateral Agent, as Beneficiary, and recorded on May 6, 1998, as Instrument No.
98-069989, in the official Records of Ventura County, State of California (the
"Records"), hereby appoints and substitutes the undersigned as the new and
substituted Trustee under the Deed of Trust in accordance with the terms and
provisions contained therein; and

     As such duly appointed and substituted Trustee, the undersigned does hereby
reconvey to the person or persons legally entitled thereto, without warranty,
all the estate, right, title and interest acquired by the original Trustee and
by the undersigned as the substituted Trustee under the Deed of Trust in and to
that portion of the Trust Property described on the attached Exhibit "A", which
is incorporated herein by this reference (the "Released Property").  The
undersigned, as secured party, does also hereby release and reconvey the
Released Property from that certain Financing Statement recorded in the Records
on May 14, 1998 as Instrument No. 98-075657.

Dated as of November 29, 1999
            -----------------

                                       BENEFICIARY AND SUBSTITUTED
                                       TRUSTEE:

                                       CREDIT SUISSE FIRST BOSTON,
                                       as Administrative and Collateral Agent

                                       By:  /s/ Robert Hetu    /s/ Bill O'Daly
                                            ------------------------------------
                                       Name:  Robert Hetu       Bill O'Daly
                                            ------------------------------------
                                       Title:  Vice President   Vice President
                                             -----------------------------------
<PAGE>

STATE OF NEW YORK

COUNTY OF NEW YORK

     On November 29, 1999 before me, Merna F. Spitzer, a Notary Public in and
        ------------------           ----------------
for said State, personally appeared Robert Hetu, personally known to me (or
                                    -------------
proved to me on the basis of satisfactory evidence) to be the person(s) whose
name(s) is /are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and
that by his/her/their signature(s) on the instrument the person(s), or the
entity upon behalf of which the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.

     WITNESS my hand and official seal.

Signature: /s/ Merna F. Spitzer
           --------------------

Merna F. Spitzer
Notary Public, State of New York
No. 31-4786538
Qualified in New York County
Commission Expires March 30, 2001
<PAGE>

STATE OF NEW YORK

COUNTY OF NEW YORK

     On December 1, 1999 before me, Marie Giacobbe, a Notary Public in and for
        ----------------            ----------------
said State, personally appeared Bill O'Daly, personally known to me (or proved
to me on the basis of satisfactory evidence) to be the person(s) whose name(s)
is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his /her/their authorized capacity(ies), and
that by his/her/their signature(s) on the instrument the person(s), or the
entity upon behalf of which the person(s) acted, executed the instrument.

     WITNESS my hand and official seal.

Signature: /s/ Marie Giacobbe
           ------------------

Marie Giacobbe
Notary Public, State of New York
No. 01G16015100
Qualified in Kings County
Certificate Filed in New York County
Commission Expires Oct. 26, 2000
<PAGE>

                                   EXHIBIT A

Parcel 2 of LD-613, in the City of Thousand Oaks, County of Ventura, State of
California, as shown on a parcel map filed in Book 52; Pages 43 and 44 of Parcel
Maps, in the office of the County Recorder of said county.

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