Complex sentence: In January of 1991, Hooker sold the mall to seven lenders, who then formed a partnership called FFM Limited Partnership, which took over the mall and hired veterans of the retail industry to run it.
Split into simpler sentences: In January of 1991, Hooker sold the mall to seven lenders. In turn, the lenders formed FFM Limited Partnership, which then took over the mall and hired veterans of the retail industry to run it.