Altria Group
Altria Group, Inc.
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legal form | Corporation |
ISIN | US02209S1033 |
founding | 1847 |
Seat | Richmond , United States |
management | Billy Gifford ( CEO ), Thomas Farrell (Chairman) |
Number of employees | 8300 |
sales | $ 25.6 billion |
Branch | Tobacco products and luxury foods |
Website | www.altria.com |
As of December 31, 2017 |
Altria Group, Inc. ( NYSE : MO), until 2003 called Philip Morris Companies Inc. , is a US company with global operations .
history
In 2017, the Altria Group generated sales of $ 25.58 billion (including excise taxes , excluding these $ 19.5 billion), an operating profit of $ 9.56 billion and employed around 8,300 people. Well-known cigarette brands are Marlboro and L&M . From October 1985 to February 2008 the company was included in the Dow Jones Industrial Average share index .
Holdings
as of December 31, 2017:
- Philip Morris USA (100%)
- Philip Morris Capital Corporation (100%)
- John Middleton (100%)
- AB-InBev (12.2%)
The Altria Group also held 87.2% of the shares in Kraft Foods , the second largest producer of food products , through March 2007 . In addition, the Altria Group held all shares in Philip Morris International until the “spin-off” at the end of March 2008 . Altria held a 27% stake in SABMiller until 2016 . After the takeover of SABMiller by Anheuser-Busch Inbev, Altria now holds a share of around 9.6% in Anheuser-Busch Inbev.
On December 20, 2018, it was announced that the Altria Group had acquired 35 percent of the e-cigarette company Juul with a view to future market positions . $ 12.8 billion (EUR 11.2 billion) was paid for the 35 percent share. According to the company, this is the largest investment in Altria's corporate history. Overall, Juul was valued at $ 38 billion in the deal.
Trivia
- In 1994 all Philip Morris executives swore in court that smoking was not addicting . Critics refer to these statements as perjury .
- On March 30, 1999, the Philip Morris Corporation was sentenced by a US court in San Francisco to pay $ 81 million in damages to the survivors of a smoker.
Web links
- Official website of the Altria Group (English)
Individual evidence
- ↑ https://www.reuters.com/article/us-altria-ceo/altria-ceo-howard-willard-steps-down-finance-head-to-succeed-idUSKBN21Z1UD
- ↑ a b c Altria 2017 Form 10-K Report , accessed August 18, 2018
- ↑ http://ftd.de/unternehmen/industrie/180963.html ( Memento from May 20, 2007 in the Internet Archive )
- ↑ Altria Group shareholders receive dividends. Retrieved March 4, 2020 .
- ↑ Marlboro group Altria joins the e-cigarette company Juul. Retrieved December 21, 2018 .
- ↑ Lies in court , in the end, search under "perjury"
- ↑ Thursday February 11th, 1999, 2:31 pm: Philip Morris has to pay over $ 50 million to an ex-smoker. February 11, 1999, accessed February 13, 2020 .