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.
Utilize the input text as a context reference, choose the right relationship between 'LVMH' and 'Hennessy' from the options.
Options: brand, director/manager, founded by, owner of