<PAGE>
<PAGE>   1
<TABLE>
<C>                                                              <C>
---------------------                                            ------------------------------
FORM 4                                                                     OMB APPROVAL
---------------------                                            ------------------------------
[ ] Check this box if no longer                                  OMB Number: 3235-0287
    subject to Section 16.  Form 4                               Expires: December 31, 2001
    or Form 5 obligations may                                    Estimated average burden hours
    continue. See Instruction 1(b)                               per response.......0.5


                         U.S. SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C. 20549

                      STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

         Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
                       30(f) of the Investment Company Act of 1940
</TABLE>
<TABLE>
<C>                                                       <S>
(Print or Type Responses)
- -----------------------------------------------------------------------------------------------------------------
Name and Address of Reporting Person*                     2. Issuer Name and Ticker or Trading Symbol


Mauran,           Richard       C.W.                         French Fragrances, Inc.  (FRAG)
- ------------------------------------------------------------------------------------------------------------------
   (Last)         (First)     (Middle)                    3. IRS or Social        4. Statement for Month/Year
                                                             Security Number of
                                                             Reporting Person
                                                             (Voluntary)             December 2000
c/o French Fragrances, Inc.
14100 NW 60 Avenue                                                                --------------------------------
------------------------------------------------                                  5. If Amendment, Date of
                  (Street)                                                           Original (Month/Year)

Miami Lakes,     Florida        33014
- -----------------------------------------------------------------------------------------------------------
   (City)           (State)     (Zip)

--------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)

    X   Director              X    10% Owner
   ---                       ---
        Officer (give              Other (specify
   ---     title below)      ---    below)


----------------------------------------------------

7. Individual or Joint/Group Filing
   (Check Applicable Line)

    X  Form filed by One Reporting Person
   ---
       Form filed by More than One Reporting Person
   ---
--------------------------------------------------------
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
            Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
-----------------------------------------------------------------------------------------------------------------------
<S>                        <C>         <C>          <C>                            <C>            <C>          <C>
1. Title of Security       2. Trans-   3. Trans-    4. Securities Acquired (A) or  5. Amount of    6. Owner-   7. Nature
   (Instr. 3)                 action      action       Disposed of (D)                Securities      ship        of In-
                              Date        Code         (Instr. 3, 4 and 5)            Beneficially    Form:       direct
                                          (Instr. 8)                                  Owned at        Direct      Bene-
                             (Month/                                                  End of          (D) or      ficial
                                Day/                                                  Month           Indirect    Owner-
                               Year)                                                  (Instr. 3       (I)         ship
                                       ------------------------------------------     and 4)          (Instr. 4)  (Instr.
                                                                                                                   4)
                                                                 (A) or
                                        Code   V       Amount    (D)       Price
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C            489,051    A      $3.30/sh
                              12/29/00    C            108,254    A      $5.25/sh      1,515,753         I        (1) (7)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C              4,597    A      $3.30/sh         10,779         I        (9)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C             95,014    A      $3.30/sh        222,782         I        (8)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C             97,701    A      $3.30/sh        213,140         I        (2)
---------------------------------------------------------------------------------------------------------------------------


Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.

*If the form is filed by more than one reporting person, see Instruction 4(b)(v).

                                                                          (Over)
                                                                 SEC 1474 (7-96)
</TABLE>

<PAGE>
<PAGE>   2
FORM 4 (continued)

Table II -  Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)

<TABLE>
<S>           <C>         <C>        <C>            <C>                <C>                <C>
- ------------------------------------------------------------------------------------------------------------------
1. Title of   2. Conver-  3. Trans-  4. Transac-    5. Number of       6. Date            7. Title and Amount
   Derivative    sion        action     tion Code      Deriv-             Exercisable        of Underlying
   Security      or          Date       (Instr. 8)     ative              and Expiration     Securities
   (Instr. 3)    Exercise    (Month/                   Securities         Date               (Instr. 3 and 4)
                 Price       Day/                      Acquired (A)       (Month/Day/
                 of          Year)                     or Disposed of     Year)
                 Deriv-                                (D) (Instr. 3, 4
                 ative                                 and 5)
                 Security
                                                                         ----------------------------------------
                                                                         Date      Expira-             Amount
                                                                         Exer-     tion        Title   or
                                        ----------------------------     cisable   Date                Number
                                                                                                       of Shares
                                        Code    V    (A)      (D)
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.00/sh                                                6/25/97  6/25/06     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
7.5% Convertible  $7.20/sh                                                7/22/96  6/30/06     Common     109,114
Debenture    (6)                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $9.38/sh                                                6/20/98  6/20/07     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $16.38/sh                                               6/25/99  6/25/08     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------

<PAGE>
7.5% Convertible                                                          7/22/96  6/30/06     Common       1,850
Debenture    (6)  $7.20/sh                                                                     Stock

------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.00/sh                                                6/23/00  6/23/09     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.25/sh                                                6/16/01  6/16/10     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                  489,051     11/30/95  1/31/05     Common     489,051
(3)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                  125,329      4/12/99  1/31/05     Common     125,329
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                  108,254      3/20/96  1/31/05     Common     108,254
(4)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                   23,264      3/20/96  1/31/05     Common      23,264
(4)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                   95,014      4/12/99  1/31/05     Common     489,051
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                    4,597      4/12/99  1/31/05     Common     125,329
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                      213      6/06/00  1/31/05     Common         213
(7)                                                                                               Stock
-----------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                    4,695      6/06/00  1/31/05     Common       4,695
(7)                                                                                               Stock
----------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>           <C>                <C>             <C>
----------------------------------------------------------------------
8. Price      9. Number of       10.Owner-       11. Na-
   of            Derivative      ship of             ture
   Deriv-        Securities      Derivative          of
   ative         Beneficially    Security:           Indirect
   Secur-        Owned           Direct              Bene-
   ity           at End          (D) or              ficial
   (Instr        of Month        (I) Indirect        Owner-
   5)            (Instr. 4)      (Instr. 4)          ship (Instr. 4)
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                   109,114            D
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                     1,850            I              (2)
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                         0            D
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (2)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (2)
----------------------------------------------------------------------
                         0            I              (8)
----------------------------------------------------------------------

<PAGE>
                         0            I              (9)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
Explanation of Responses:
(1)  Through Euro Credit Investments Limited, a company controlled by Mr. Mauran.
(2)  Through Devonshire Trust, a trust of which Mr. Mauran is a beneficiary.
(3)  Received in connection with a Merger in exchange for equivalent securities of a privately held corporation.
(4)  Received in connection with the purchase of the Issuer's 8% Secured Subordinated Debentures, Series II and for $.01
     per share.
(5)  Option granted pursuant to Issuer's Non-Employee Director Stock Option Plan, exercisable in full on the one-year
     anniversary of the date the Option was granted.
(6)  Received in connection with an Exchange Offer in exchange for outstanding shars of Series A Preferred Stock and 12.5%
     Secured Subordinated Debentures.
(7)  Received in connection with Bedford Capital Financial Corporation's plan of distribution.
(8)  Through Bed B.V.I. Corp., a company controlled by Mr. Mauran.
(9)  Through Devonshire Holdings, a trust of which Mr. Mauran is a beneficiary.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
   See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.




/s/ Richard C.W. Mauran                      January 9, 2001
------------------------------------         ----------------------------------
**Signature of Reporting Person              Date



                                              Page 2     SEC 1474 (8-96)
</TABLE>


                                     -2-
[{"type": "4", "sequence": "1", "filename": "0001.txt", "description": "FORM 4, RICHARD C.W. MAURAN, FRENCH FRAGRANCES, INC.", "secsgml_size_bytes": 17824}]
1
---------------------                                            ------------------------------
FORM 4                                                                     OMB APPROVAL
---------------------                                            ------------------------------
[ ] Check this box if no longer                                  OMB Number: 3235-0287
    subject to Section 16.  Form 4                               Expires: December 31, 2001
    or Form 5 obligations may                                    Estimated average burden hours
    continue. See Instruction 1(b)                               per response.......0.5

                         U.S. SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C. 20549

                      STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

         Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
                       30(f) of the Investment Company Act of 1940
(Print or Type Responses)
- -----------------------------------------------------------------------------------------------------------------
Name and Address of Reporting Person*                     2. Issuer Name and Ticker or Trading Symbol

Mauran,           Richard       C.W.                         French Fragrances, Inc.  (FRAG)
- ------------------------------------------------------------------------------------------------------------------
   (Last)         (First)     (Middle)                    3. IRS or Social        4. Statement for Month/Year
                                                             Security Number of
                                                             Reporting Person
                                                             (Voluntary)             December 2000
c/o French Fragrances, Inc.
14100 NW 60 Avenue                                                                --------------------------------
------------------------------------------------                                  5. If Amendment, Date of
                  (Street)                                                           Original (Month/Year)

Miami Lakes,     Florida        33014
- -----------------------------------------------------------------------------------------------------------
   (City)           (State)     (Zip)

--------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)

    X   Director              X    10% Owner
   ---                       ---
        Officer (give              Other (specify
   ---     title below)      ---    below)

----------------------------------------------------

7. Individual or Joint/Group Filing
   (Check Applicable Line)

    X  Form filed by One Reporting Person
   ---
       Form filed by More than One Reporting Person
   ---
--------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
            Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
-----------------------------------------------------------------------------------------------------------------------
1. Title of Security       2. Trans-   3. Trans-    4. Securities Acquired (A) or  5. Amount of    6. Owner-   7. Nature
   (Instr. 3)                 action      action       Disposed of (D)                Securities      ship        of In-
                              Date        Code         (Instr. 3, 4 and 5)            Beneficially    Form:       direct
                                          (Instr. 8)                                  Owned at        Direct      Bene-
                             (Month/                                                  End of          (D) or      ficial
                                Day/                                                  Month           Indirect    Owner-
                               Year)                                                  (Instr. 3       (I)         ship
                                       ------------------------------------------     and 4)          (Instr. 4)  (Instr.
                                                                                                                   4)
                                                                 (A) or
                                        Code   V       Amount    (D)       Price
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C            489,051    A      $3.30/sh
                              12/29/00    C            108,254    A      $5.25/sh      1,515,753         I        (1) (7)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C              4,597    A      $3.30/sh         10,779         I        (9)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C             95,014    A      $3.30/sh        222,782         I        (8)
---------------------------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value  12/29/00    C             97,701    A      $3.30/sh        213,140         I        (2)
---------------------------------------------------------------------------------------------------------------------------

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.

*If the form is filed by more than one reporting person, see Instruction 4(b)(v).

                                                                          (Over)
                                                                 SEC 1474 (7-96)
2
FORM 4 (continued)

Table II -  Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------
1. Title of   2. Conver-  3. Trans-  4. Transac-    5. Number of       6. Date            7. Title and Amount
   Derivative    sion        action     tion Code      Deriv-             Exercisable        of Underlying
   Security      or          Date       (Instr. 8)     ative              and Expiration     Securities
   (Instr. 3)    Exercise    (Month/                   Securities         Date               (Instr. 3 and 4)
                 Price       Day/                      Acquired (A)       (Month/Day/
                 of          Year)                     or Disposed of     Year)
                 Deriv-                                (D) (Instr. 3, 4
                 ative                                 and 5)
                 Security
                                                                         ----------------------------------------
                                                                         Date      Expira-             Amount
                                                                         Exer-     tion        Title   or
                                        ----------------------------     cisable   Date                Number
                                                                                                       of Shares
                                        Code    V    (A)      (D)
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.00/sh                                                6/25/97  6/25/06     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
7.5% Convertible  $7.20/sh                                                7/22/96  6/30/06     Common     109,114
Debenture    (6)                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $9.38/sh                                                6/20/98  6/20/07     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $16.38/sh                                               6/25/99  6/25/08     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
7.5% Convertible                                                          7/22/96  6/30/06     Common       1,850
Debenture    (6)  $7.20/sh                                                                     Stock

------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.00/sh                                                6/23/00  6/23/09     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Stock Option (5)  $7.25/sh                                                6/16/01  6/16/10     Common       7,500
                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                  489,051     11/30/95  1/31/05     Common     489,051
(3)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                  125,329      4/12/99  1/31/05     Common     125,329
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                  108,254      3/20/96  1/31/05     Common     108,254
(4)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                   23,264      3/20/96  1/31/05     Common      23,264
(4)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                   95,014      4/12/99  1/31/05     Common     489,051
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                    4,597      4/12/99  1/31/05     Common     125,329
(7)                                                                                               Stock
------------------------------------------------------------------------------------------------------------------
Series B Convertible
Preferred Stock   $3.30/sh   12/29/00     C                      213      6/06/00  1/31/05     Common         213
(7)                                                                                               Stock
-----------------------------------------------------------------------------------------------------------------
Series C Convertible
Preferred Stock   $5.25/sh   12/29/00     C                    4,695      6/06/00  1/31/05     Common       4,695
(7)                                                                                               Stock
----------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------
8. Price      9. Number of       10.Owner-       11. Na-
   of            Derivative      ship of             ture
   Deriv-        Securities      Derivative          of
   ative         Beneficially    Security:           Indirect
   Secur-        Owned           Direct              Bene-
   ity           at End          (D) or              ficial
   (Instr        of Month        (I) Indirect        Owner-
   5)            (Instr. 4)      (Instr. 4)          ship (Instr. 4)
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                   109,114            D
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                     1,850            I              (2)
----------------------------------------------------------------------
                     7,500            D
----------------------------------------------------------------------
                         0            D
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (2)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (2)
----------------------------------------------------------------------
                         0            I              (8)
----------------------------------------------------------------------
0            I              (9)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
                         0            I              (1)
----------------------------------------------------------------------
Explanation of Responses:
(1)  Through Euro Credit Investments Limited, a company controlled by Mr. Mauran.
(2)  Through Devonshire Trust, a trust of which Mr. Mauran is a beneficiary.
(3)  Received in connection with a Merger in exchange for equivalent securities of a privately held corporation.
(4)  Received in connection with the purchase of the Issuer's 8% Secured Subordinated Debentures, Series II and for $.01
     per share.
(5)  Option granted pursuant to Issuer's Non-Employee Director Stock Option Plan, exercisable in full on the one-year
     anniversary of the date the Option was granted.
(6)  Received in connection with an Exchange Offer in exchange for outstanding shars of Series A Preferred Stock and 12.5%
     Secured Subordinated Debentures.
(7)  Received in connection with Bedford Capital Financial Corporation's plan of distribution.
(8)  Through Bed B.V.I. Corp., a company controlled by Mr. Mauran.
(9)  Through Devonshire Holdings, a trust of which Mr. Mauran is a beneficiary.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
   See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.

/s/ Richard C.W. Mauran                      January 9, 2001
------------------------------------         ----------------------------------
**Signature of Reporting Person              Date

                                              Page 2     SEC 1474 (8-96)
-2-