Complex sentence: Merry-Go-Round was a national clothing retail chain owned by Merry-Go-Round Enterprises Inc that thrived during the 1970s and 1980s, fell into bankruptcy during the 1990s, and eventually went out of business in 1996.
Split into simpler sentences: Merry-Go-Round was a national clothing retail chain owned by Merry-Go-Round Enterprises, Inc., that thrived during the 1970s and 1980s. The chain fell into bankruptcy during the 1990s, and eventually went out of business in 1996.