LVMH led luxury stocks higher in Europe on Thursday as China lifted a ban on group tours, boosting the case for travelers spending money on high-end watches and fashion.
The maker of Louis Vuitton bags rose as much as 2.6 percent in Paris, Hermès International gained 2.4 percent and L’Oréal SA advanced 1.8 percent, adding about €20 billion ($22 billion) in combined market value. Rolex retailer Watches of Switzerland Group Plc climbed as…