Philip Morris International

History and Development

  • Philip Morris was founded in 1847 by British tobacconist Philip Morris.
  • In 1881, the company was established as Philip Morris & Company by Philip Morris' son and Joseph Grunebaum.
  • The company changed its name to Philip Morris & Co. Ltd. in 1885.
  • In 1894, control of the company was gained by William Curtis Thomson and his family.
  • In 1902, the company was incorporated in New York as Philip Morris & Co. Ltd., Inc.
  • Philip Morris (Australia) became the first international affiliate in 1954.
  • Marlboro became the world's top-selling cigarette brand in 1972.
  • Philip Morris International (PMI) was incorporated as an operating company in 1987.
  • The company's operations center was transferred to Switzerland in 2001.
  • In 2008, Philip Morris International was spun off from Altria.
  • The company acquired Vectura and Fertin Pharma in 2021.


  • Philip Morris International's brands include Dji Sam Soe 234, L&M, Longbeach, Marlboro, ST Dupont Paris, and A Mild.
  • Marlboro is the company's premium brand and ranked first among the most valuable tobacco brands in 2017.
  • Chesterfield is the third-largest international brand from Philip Morris.
  • Philip Morris is the fourth-largest international brand from Philip Morris.


  • For the fiscal year 2022, Philip Morris reported earnings of US$9.048 billion and an annual revenue of US$80.669 billion.
  • The company's shares traded at $101.21 per share as of December 31, 2022.
  • Philip Morris' market capitalization was valued at over US$150 billion at the end of the fiscal year 2022.
  • In 2022, the company's revenue in Russia amounted to 400 billion rubles.
  • Philip Morris ranked No. 101 in the 2021 Fortune 500 list.


  • The Foundation for a Smoke-Free World, established by Philip Morris International, faced controversy and challenges to its independence.
  • Philip Morris International was involved in legal action against the Australian government over plain packaging laws.
  • The company sued Norway and lobbied against Uruguay's anti-smoking laws.
  • Philip Morris threatened legal action against the UK government over plain packaging legislation.
  • The company faced allegations of irregularities in clinical trials for FDA approval of its IQOS product.

Sponsorships and Other Business Activities

  • Philip Morris has been a long-term main sponsor of the Formula One team Scuderia Ferrari.
  • The company sponsored Ducati Corse and Yamaha MotoGP teams in motorcycle racing.
  • Philip Morris International's presence and activities extend beyond the tobacco industry, including acquisitions and a new corporate headquarters in Connecticut.

Philip Morris International Data Sources

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