Philip Morris International (PMI) was part of the Atria Group until 2008, when it was spun off. Though the company is headquartered in New York, they do not operate in the United States. Philip Morris brands in the United States are still owned by the Atria Group.
PMI was spun-off, according to Atria, to give the company more freedom outside the constraints of U.S. corporate ownership in terms of potential litigation and legislative restrictions.
Because tobacco is the leading cause of preventable death worldwide, Philip Morris, as well as all tobacco companies, is highly controversial and subject to litigation and restriction of governments all over the world.
PMI has 25 brands of cigarettes, with Marlboro, Basic, and Benson & Hedges being among the most well-known.
PMI has over 78,000 employees globally and had $76.34 billion in revenue in 2011.
Philip Morris InternationalPhilip Morris International (PMI) was part of the Atria Group until 2008, when it was spun off. Though the company is headquartered in New York, they do not operate in the United States. Philip Morris brands in the United States are still owned by the Atria Group.
PMI was spun-off, according to Atria, to give the company more freedom outside the constraints of U.S. corporate ownership in terms of potential litigation and legislative restrictions.
Because tobacco is the leading cause of preventable death worldwide, Philip Morris, as well as all tobacco companies, is highly controversial and subject to litigation and restriction of governments all over the world.
History
PMI has 25 brands of cigarettes, with Marlboro, Basic, and Benson & Hedges being among the most well-known.
PMI has over 78,000 employees globally and had $76.34 billion in revenue in 2011.