Philip Morris International

Philip Morris International (PMI) is the biggest tobacco company outside the United States, with a portfolio which includes global titans Marlboro and L&M - the #1 and #3 cigarette brands worldwide - as well as Fortune, Bond Street, Parliament, Chesterfield and numerous local brands. It is now a standalone company, spun off from parent group Altria in 2008, and entirely separate from Philip Morris USA which manages Marlboro and other brands in the United States. Under the terms of its separation from Philip Morris USA, PMI is prohibited from establishing a presence in the United States. However, it can conduct business elsewhere in North America, and in 2008 agreed to acquire Rothmans of Canada, giving it more than one-third share of the tobacco market in that country. In most developing markets in Asia and Eastern Europe, cigarette volumes are still on the increase, and so, as a result, are PMI's sales. Group revenues for 2012 were $77.4bn, or $31.4bn excluding excise. Marlboro accounts for around a third of volumes. Louis Camilleri is chairman; Andre Calantzopoulos is CEO. See Tobacco Sector index for other companies. Adbrands no longer offers a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.

Capsule checked 10th June 2013

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