Complex sentence: In 1904, a near collapse of the business led to the resignation of Jules Jaluzot, who was succeeded by Gustave Languionie who the following year announced the construction of a second store.
Split into simpler sentences: In 1904, a near collapse of the business led to the resignation of Jules Jaluzot. He was succeeded by Gustave Languionie, who the following year announced the construction of a second store.