Refer to the input text as context and select the correct relationship between 'LVMH' and 'Sephora' from the available options.
Options: chief executive officer, subsidiary, stock exchange, brand

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