Utilize the input text as a context reference, choose the right relationship between Louis Vuitton and LVMH 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.

LVMH Moet Hennessy Louis Vuitton SE advanced 2.7 percent after posting its biggest earnings gain in three years.

Answer: owned_by