Philip Morris International

Philip Morris International (PMI) is a multinational cigarette and tobacco manufacturing company headquartered in New York City. It is one of the largest tobacco producers in the world with its products sold in over 180 markets. PMI was originally founded in 1847 in London, England by Philip Morris, but it was acquired by the Altria Group in 2008 and became a separate company.
Today, PMI is focused on developing and marketing reduced-risk products (RRPs) as it works towards a smoke-free future. This includes heated tobacco products (IQOS) and e-cigarettes. However, PMI still sells and markets traditional cigarettes, which generate the majority of its revenue.
PMI is committed to responsible and sustainable practices, and has implemented various initiatives across its business to reduce its environmental impact, promote ethical and transparent business practices, and support communities where it operates. It has also pledged to invest over $1 billion in R&D for RRPs, and has obtained multiple patents for its innovations in this area.
PMI employs over 77,000 people globally and strives to maintain diversity and inclusion within its workforce. The company has also been recognized for its workplace policies, including paid parental leave and flexible work arrangements.
In recent years, PMI has faced increasing regulation and lawsuits related to the health effects of its products. The company continues to work towards a smoke-free future and collaborate with governments and public health organizations to address tobacco-related issues.
In addition to its tobacco business, PMI has also expanded into the cannabis industry through its investment in Canadian cannabis company, Cronos Group. This venture aligns with their goal of providing consumers with a range of smoke-free alternatives.
Overall, PMI is a major player in the tobacco industry and is actively investing in alternative products to reduce the harmful effects of traditional cigarettes.

Philip Morris International is a multinational cigarette and tobacco manufacturing company, headquartered in New York City. It was founded in 1847 in London, England and is the world's largest tobacco company by sales and market share. The company is named after its founder, Philip Morris, who started the business as a single small store that sold tobacco and ready-made cigarettes.
Today, Philip Morris International has grown to employ over 73,000 people worldwide and has operations in more than 180 countries. The company is known for its popular cigarette brands such as Marlboro, Parliament, and Virginia Slims. In recent years, it has been diversifying its business and investing heavily in research and development of alternative nicotine products, such as electronic cigarettes and heated tobacco products.
Philip Morris International has faced criticism and legal challenges for its marketing practices and the health impact of its products. In 2008, the company agreed to a $100 million settlement with the state of Texas over allegations that it had withheld studies showing the health risks of smoking. In addition, the company has faced multiple lawsuits and government regulations in various countries related to the marketing and sale of its products.
In 2018, the company announced its ambition to achieve a "smoke-free future." As part of this goal, it has pledged to invest $4 billion in research and development for smoke-free products, and has set a target of generating at least 40% of its net revenue from these products by 2025.
Overall, Philip Morris International remains a major player in the global tobacco industry, but is facing increasing challenges as smoking rates decline and public health concerns grow.