Utilize the input text as a context reference, choose the right relationship between LVMH and PARIS from the options. Options: 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.

PARIS — The world’s top luxury group LVMH on Tuesday reported its net profit rose by 5.0 per cent in the first half of the year, as sales jumped 19 per cent boosted by strong growth in Europe and the United States.

Answer: location_of_formation