Meanwhile, Le Peigne, which manages money on behalf of LVMH boss Bernard Arnault and his family, is halving its stake in Betfair by selling 4.6m shares that are valued at nearly £155m.
Refer to the input text as context and select the correct relationship between 'LVMH' and 'Bernard Arnault' from the available options.
Options: founded by, director/manager, location of formation, chief executive officer