Introduction
Altria Group is a holding company, founded in 2003 by the spinoff of its domestic tobacco business, Philip Morris USA (PMUSA). Altria is the parent company of Philip Morris USA and John Middleton Co., which manufactures several brands of premium cigars such as Macanudo and Black Label. Altria also holds minority ownership positions in Anheuser-Busch InBev, Juul, Cronos Group and AB InBev’s Asian subsidiary. Additionally, it holds a ~10% stake in the spin-off PMI.
Altria Group, an American conglomerate holding company headquartered in Richmond, Virginia, and owner of Philip Morris USA (producer of Marlboro cigarettes), John Middleton Co. (cigars), the U.S. Smokeless Tobacco Company, and holds a continuing economic and voting interest in Anheuser-Busch InBev (foreign brewer of Budweiser beer).
Philip Morris International was spun off in 2008.
Philip Morris International (PMI) was spun off from Altria in 2008. PMI is the world’s largest international tobacco company and sells cigarettes in over 160 countries around the globe. The spin-off was intended to allow Altria to focus on its core U.S. businesses, while allowing PMI to operate independently as an international player with flexible capital structures that could be used for acquisitions and other financial maneuvers.
Altria maintains a ~10% stake in Philip Morris International, which it uses as a growth platform for its domestic cigarette brands such as Marlboro and Parliament that have been losing market share in recent years due to growing health concerns about smoking habits among Americans.
Altria is the parent company of Philip Morris USA, John Middleton, U.S. Smokeless Tobacco Company, Ste. Michelle Wine Estates, and Philip Morris Capital Corporation.[4] It has minority ownership positions in Anheuser-Busch InBev,[5][6] Juul,[7] Cronos Group,[8][9][10] and AB InBev’s Asian subsidiary[11] (out of a previous 27% stake).[12]
Altria Group is a holding company. As of December 31, 2017, Altria Group directly owns 100% of Philip Morris USA; 56% of John Middleton; 100% of US Smokeless Tobacco Company, Ste. Michelle Wine Estates, and Philip Morris Capital (CPC), as well as minority interests in Anheuser-Busch InBev,[5][6] Juul[7][8] and Cronos Group.[9][10] Altria previously had a 27% stake in AB InBev’s Asian subsidiary until they sold it off to Diageo in 2016.[11] PMI was spun off from Seagram Company Ltd.’s whisky business in 2008.[12][13]
Philip Morris International was spun off in 2008 to shareholders.[13] Altria maintains a ~10% stake in the spin-off.[14][15]
Altria Group is a holding company that owns Philip Morris USA and Philip Morris International, the world’s largest international tobacco company. Altria no longer has operational control of PMI, which was spun off to shareholders in 2008.[13] Altria maintains ~10% of the shares in PMI but retains voting rights over 12 seats on its Board of Directors.[14][15]
PMI is the world’s largest international tobacco company;[16] its products are sold across more than 180 markets.[17] Altria Group holds voting rights to 12 seats on the PMI Board of Directors, which PMI provides updates on monthly including Altria’s Board appointments—although it no longer has operational control.[18][19][20]
Altria Group holds voting rights to 12 seats on the PMI Board of Directors, which PMI provides updates on monthly including Altria’s Board appointments—although it no longer has operational control.
In fact, PMI is the world’s largest international tobacco company; its products are sold across more than 180 markets. Its brands include Marlboro, Pall Mall, Parliament and Virginia Slims.[17]
Conclusion
Altria Group is an American conglomerate holding company headquartered in Richmond, Virginia, and owner of Philip Morris USA (producer of Marlboro cigarettes), John Middleton Co. (cigars), the U.S. Smokeless Tobacco Company, and holds a continuing economic and voting interest in Anheuser-Busch InBev (foreign brewer of Budweiser beer).
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