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The tobacco company with the best sense of humour

Founded in 1881, Philip Morris International is one of the largest tobacco companies in the world.

Every year, the company sells no less than 800 billion cigarettes, supplying a global tobacco market whose products contribute to the deaths of the roughly 7 million smokers who die each year as a result of smoking.

However, this has not stopped PMI from regularly encouraging people to quit smoking and switch to vaping. Although many consider this to be green washing, the reason behind it is actually to boost sales of the products it offers as an alternative to cigarettes, like its IQOS, a heated tobacco product the company has invested heavily in.

Philip Morris’s CEO About Phasing Out Cigarettes in Japan Within a...

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Back in 2017, former PMI CEO Andre Calantzopoulos had said that due to the popularity of their electronic devices in Japan and South Korea, the...

Smoke-Free Products Now Make Up 28% of PMI Revenue

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The global market share for Heets – excluding the US – was up by 1.7 points to 7.6% in Q1.In April, PMI told investors...

Philip Morris Banned From Selling IQOS in the U.S.

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In May 2020, British American Tobacco (BAT) sued PMI in the United States and Germany, alleging that the tobacco heating technology used in PMI’s...

Philip Morris Assesses Factors For Possible Cannabis Venture 

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PMI is looking at options to venture into the cannabis industry. Executive Officer Andre Calantzopoulos had recently told Bloomberg that the company has started...

PMI Now Controls Vectura

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After NGO controversy, tobacco giant Philip Morris International won the ownership to biotech firm Vectura. LONDON — Tobacco giant Philip Morris International (PMI) has reportedly...

PMI Introduces New IQOS System In Japan

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The tobacco giant has introduced a new addition to its IQOS line to the heated tobacco segment in Japan. LAUSANNE — Philip Morris International (PMI),...

Tobacco Giant PMI Raises Bid For Vectura

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Philip Morris International is poised to beat out private equity firm Carlyle Group to purchase Vectura Group. NEW YORK CITY — Tobacco giant Philip Morris...

PMI Highlights The Views On Heated Tobacco Products Among Governments

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PMI Science recently published the views of public health agencies as they relate to the harm and risk-reduced characteristics of heated tobacco products. NEW YORK...

Altria Group Is Getting Out Of The Wine Business

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Tobacco giant Altria Group finalized an agreement to sell its wine enterprise for $1.2 billion. RICHMOND — Earlier this month, Altria announced that it will...

Philip Morris International Confirms Agreement to Acquire Fertin Pharma

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PMI announced the acquisition for an enterprise value of DKK 5.1 billion (approximately USD 820 million1).Media reports about the possible purchase started circulating last...