Complex sentence: In 1989 Ted Lapidus's son Oliver Lapidus took over the Lapidus label, in 2000 the Lapidus label ceased producing "haute couture" and is now primarily known for its fashion accessories of watches and fragrances.
Split into simpler sentences: In 1989 Ted Lapidus's son Oliver Lapidus took over the Lapidus label. In 2000 the Lapidus label ceased producing "haute couture" and is now primarily known for its fashion accessories of watches and fragrances.