Arvind Ltd informed BSE before market hours that it has marked its entry into the beauty and cosmetics segment through a partnership with SEPHORA, owned by LVMH Moet Hennessy Louis Vuitton, a French Luxury Conglomerate.
Refer to the input text as context and select the correct relationship between 'LVMH' and 'Hennessy' from the available options.
Options: owner of, director/manager, brand, founded by