Take context from the input text and decide on the accurate relationship between 'Sephora' and 'LVMH' from the options provided.
Options: product/material produced, parent organization, owned by, member of

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.
parent organization