Complex sentence: Sephora is a French brand and chain of cosmetics stores founded in Paris in 1970, and acquired by French conglomerate LVMH (Louis Vuitton and Moet Hennessy) in 1997.
Split into simpler sentences: Sephora is a French brand and chain of cosmetics stores founded in Paris in 1970. Sephora was acquired by French conglomerate LVMH (Louis Vuitton and Moet Hennessy) in 1997.