Philip Morris International

By: Alternix

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.

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.

Reference	URL
Glossary	https://www.alternix.com/blogs/glossary-of-terms/philip-morris-international
Wikipedia	http://en.wikipedia.org/wiki/Philip_Morris_International
Wikidata	https://www.wikidata.org/wiki/Q1852556
Knowledge Graph	https://www.google.com/search?kgmid=/m/03y8w2r