Take context from the input text and decide on the accurate relationship between 'LVMH' and 'TAG Heuer' from the options provided.
Options: original broadcaster, distributed by, subsidiary, operator

DKI parent company LVMH Moet Hennessy Louis Vuitton's portfolio also includes luxury brands Sephora cosmetics, Cheval Blanc hotels, Louis Vuitton fashion and TAG Heuer watches.
subsidiary