An Activist Investor Has Forced Tiffany & Co. to Bring on 3 Retail Legends to Its Board

Tiffany has added three new independent directors to its board as it bows to pressure from activist investor Jana Partners. The jeweler on Tuesday said that Roger Farah, James Lillie and Francesco Trapani would be joining the board no later than March 6, increasing the board’s size to 13 from 10 members.