Richemont, the parent company of Cartier, earned a whopping $26 billion in sales in the last fiscal year, an 11 percent increase year over year.

The luxury goods group Richemont, led by South African billionaire Johann Rupert, has reported a strong increase in sales for the financial year

The Swiss luxury group behind Cartier and Van Cleef & Arpels outperformed rivals including LVMH and Kering as resilient demand for high-end jewellery helped offset weaker fashion…