Analyze the relationship between 'Sephora' and 'LVMH' within the context of the input sentence.
Options: owned by, distribution format, distributed by, chairperson

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.
owned by