Phillip Morris International
 |
|
| Public | |
| Traded as | |
| Industry | Tobacco |
| Founded | 1900 |
| Headquarters | New York City, New York, US |
|
Area served
|
Worldwide (excluding the United States) |
|
Key people
|
Louis Camilleri (Chairman) André Calantzopoulos (CEO) |
| Products | Cigarettes, cigars, Codentify, fine-cut rolling tobacco, snuff, rolling papers and tubes |
| Revenue |  US$ 78.098 billion (2017) |
| US$ 11.503 billion (2017) |
|
 US$ 6.341 billion (2017) |
|
| Total assets | US$ 42.968 billion (2017) |
| Total equity | US$ -10.230 billion (2017) |
|
Number of employees
|
~80,600 (2017) |
| Subsidiaries |
Sampoerna PMFTC, Inc. Rothmans, Benson & Hedges Papastratos Philip Morris International |
| Website | www |
Philip Morris International Inc. (PMI) (: PM) is an American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries outside the United States. The most recognized and best selling product of the company is Marlboro.
Until a spin-off in March 2008, Philip Morris International was an operating company of Altria Group. Altria explained the spin-off, arguing PMI would have more "freedom" outside the constraints of US corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets.", while Altria focuses on the United States. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets.
The company's operational headquarters are in Lausanne, Switzerland, although the corporate headquarters remain in New York. It does not operate in the United States, with Philip Morris brands there still owned by PMI's former owner Altria.
With tobacco being addictive and the single greatest cause of preventable death globally, the company is highly controversial. It has been the subject of litigation and restrictive legislation from governments.
The company states its history is traced to a London tobacconist's, Philip Morris’s, 1847 opening of a single shop on London’s Bond Street which sold tobacco and cigarettes.
The current operations center of the company is located in Lausanne, Switzerland; it ranks 17 among the most valuable tobacco brands of 2017 on BrandFinance website.
In April 2014, Philip Morris announced that it would close its Moorabbin plant in Australia by the end of 2014 after operating for 60 years, due to the gradual decline of sales in the last ten years and difficulties conforming to 2010 Australian government regulation about reducing fire risks.
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Wikipedia