Take context from the input text and decide on the accurate relationship between 'LVMH' and 'Hennessy' from the options provided.
Options: founded by, brand, director/manager, owner of

Arvind Ltd informed BSE before market hours that it has marked its entry into the beauty and cosmetics segment through a partnership with SEPHORA, owned by LVMH Moet Hennessy Louis Vuitton, a French Luxury Conglomerate.
owner of