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.
In the context of the input sentence, determine the relationship between 'LVMH' and 'Hennessy'.
Options: owner of, brand, founded by, director/manager