What is the relationship between LVMH and Bernard Arnault in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Meanwhile, Le Peigne, which manages money on behalf of LVMH boss Bernard Arnault and his family, is halving its stake in Betfair by selling 4.6m shares that are valued at nearly £155m.

Answer: director_/_manager