• -€11.00
1981 - PHILIP MORRIS INCORPORATED 1.000$ - NEW...
1981 - PHILIP MORRIS INCORPORATED 1.000$ - NEW YORK

1981 - PHILIP MORRIS INCORPORATED 1.000$ - NEW YORK

9691
In Stock
€69.00 Our previous price €80.00 -€11.00
Tax included Shipping excluded

1981 - PHILIP MORRIS INCORPORATED - NEW YORK

Philip Morris International Inc. (PMI) is an American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries. 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. 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.

Description

The company states its history is traced to a London tobacconist, Philip Morris, opening a single shop on London’s Bond Street in 1847 which sold tobacco and cigarettes. In 1881, Philip Morris' son, Leopard Morris, established "Philip Morris & Company and Grunebaum Ltd" with Joseph Grunebaum. In 1885, the company changed its name to "Philip Morris & Co. Ltd." 

In 1894, William Curtis Thomson and his family began to control the company, and in 1902 the company was incorporated in New York. In 1919, the US business was acquired and incorporated as "Philip Morris & Co. Ltd., Inc." in Virginia.

In 1954, Philip Morris (Australia) became the first affiliate of Philip Morris & Co., Ltd, Inc. outside the U.S. In 1972, the company's Marlboro became the world's top-selling cigarette brand.

In 1987, Philip Morris International (PMI) was incorporated as an operating company of Philip Morris Companies Inc. In 2001, the operations center of the company was transferred from Rye Brook, New York, to Lausanne, Switzerland. On January 27, 2003, Philip Morris Companies Inc. formally changed its name to the Altria Group. In March 2008, Philip Morris International was spun off from Altria.

In April 2014, Philip Morris International 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. In 2015, the company sold 850 billion cigarettes.

In August 2018 Reuters reported that Philip Morris "has been among foreign companies with exposure to Russia’s tobacco market. The company’s sales exposure to Russia is 7 percent, according to a note from Goldman Sachs."

Product Details

Place of issue
New york
Year of issue
1981
Nation of issue
USA
scripofilia

Reviews (0)

No reviews
Product added to wishlist
Product added to compare.