Conair Corporation

Leandro Rizzuto, founder of Conair Corporation, has historically been the key decision-maker. Following the 2021 majority sale to American Securities, the family office is expected to maintain independent governance through its remaining ownership stake, though specific leadership structures are not publicly detailed.

The family's wealth originates from Conair Corporation, which Leandro Rizzuto founded in 1959 as a hair-appliance business. Over decades, Conair expanded through acquisitions of brands like Cuisinart and Babyliss, becoming a dominant force in the consumer personal care and kitchen appliance markets.

The office historically focused on acquiring and scaling established consumer brands through direct operating businesses. Post-2021, with the majority stake sold to American Securities, the family office can deploy capital into a wider range of private equity and real estate opportunities, maintaining a preference for control or significant minority positions in consumer and industrial companies.

Yes. The 2021 sale of a controlling stake in Conair to American Securities effectively embedded the family as a co-investor alongside a major private equity sponsor. This relationship signals openness to partnering with external GPs on large-scale consumer buyouts.

Since May 2021, American Securities owns a controlling stake in Conair Corporation, but the Rizzuto family retains a significant minority interest. The family office operates separately from the day-to-day management of Conair, using the liquidity from the sale to pursue new direct and co-investments while still benefiting from the brand's ongoing performance.