Budgets and budgets: some see no crisis, some see black

Not all are in crisis. Ralph Lauren, Tapestry, Wolverine, Steve Madden, and Golden Goose are on a roll. Richemont is holding up, while Capri Holdings is in trouble. Here’s what the latest published financial statements tell us. Budgets and budgets, starting with Richemont Investors were disappointed by the lower-than-expected operating profits posted across all of…