In the context of the input sentence, determine the relationship between 'Louis Vuitton' and 'LVMH'.
Options: subsidiary, position held, parent organization, owned by

That is more than some of the biggest names in luxury fashion and cosmetics, including Christian Dior, with a 24 per cent EBITDA margin in the first half, and a 23 margin for LVMH Moet Hennessy Louis Vuitton SE - which produces Moet & Chandon Champagne.
parent organization