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Tiffany to Add Directors in Deal With Activist Hedge Fund Jana

The company said it would add Roger Farah, a former co-chief executive of Tory Burch, and James Lillie, a former CEO of Jarden Corp, to its board.
By
  • Reuters

NEW YORK, United States — Luxury jewellery retailer Tiffany & Co has said it will appoint three independent directors to its board in a deal with activist investor Jana Partners LLC.

The company said it would add Roger Farah, a former co-chief executive of Tory Burch, and James Lillie, a former CEO of Jarden Corp, to its board.

Francesco Trapani, who owns an about 5.1 percent stake in the company along with Jana, will also join the board, increasing its size to 13.

By Siddharth Cavale; editor: Saumyadeb Chakrabarty.

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