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.
Utilize the input text as a context reference, choose the right relationship between 'LVMH' and 'Bernard Arnault' from the options.
Options: director/manager, location of formation, chief executive officer, founded by