Eurazeo’s Adrianne Shapira says consumers are strong and have ‘shrugged off a lot’

Eurazeo’s Adrianne Shapira says consumers are strong and have ‘shrugged off a lot’

France-based investment firm sees consumers spending healthily as geopolitical turmoil and inflation roil the economy, managing director Adrianne Shapira told CNBC's Jim Cramer on Monday. "So far, the consumer is strong. I mean, we really have seen across our portfolios, strong performance. Again, we [invest in] earlier stage growth equities, so I'd say we've been delivering double-digit growth, and we're thankfully not necessarily hit by the macro yet, because of the size of our businesses," Shapira said in an interview on " ." "It's been good. We have gone through between the stimulus, obviously a lot of crises, now geopolitical risk. The fact is the consumer has shrugged off a lot, so fingers crossed," added Shapira, who previously spent over 13 years at Goldman Sachs in equities research. Her comments come after the University of Michigan's final reading of March consumer sentiment dropped to 59.4 below the final reading of 62.8 in February. Eurazeo stock rose 1.72% on Monday. The company's investments include names such as Nest Fragrances, Herschel Supply and recently-added Beekman 1802, which has a collaboration with series "Bridgerton" including personal care products like soaps and candles. When Cramer asked about the products' high price tags and high