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.
Take context from the input text and decide on the accurate relationship between 'LVMH' and 'Bernard Arnault' from the options provided.
Options: director/manager, founded by, location of formation, chief executive officer