Altria Group Inc. is a leading American corporation in the tobacco and wine industries. The company was founded in 1985 and is headquartered in Richmond, Virginia. Altria Group Inc. has a long and rich history, with roots dating back to the early 19th century when Philip Morris & Co. Ltd. was established in London, England.
Business Operations
Altria Group Inc. operates through its subsidiaries, which include Philip Morris USA, John Middleton Co., Nat Sherman, and Nu Mark LLC. Philip Morris USA is the largest tobacco company in the United States and produces some of the most popular cigarette brands, such as Marlboro, Virginia Slims, and Parliament. John Middleton Co. is a leading manufacturer of machine-made cigars and pipe tobacco. Nat Sherman is a boutique cigar brand that produces premium cigars, cigarettes, and pipe tobacco. Nu Mark LLC is a subsidiary that focuses on developing and marketing innovative smoking and vaping products.
Corporate History
Altria Group Inc. has a long and complex corporate history. In 1985, Philip Morris Companies Inc. was created as a holding company for Philip Morris & Co. Ltd. and other tobacco companies. In 2003, Philip Morris Companies Inc. changed its name to Altria Group Inc. to reflect its diversification into other industries, such as wine and financial services. In 2008, Altria Group Inc. spun off its international tobacco business, Philip Morris International, as a separate publicly traded company. Today, Altria Group Inc. is focused on the domestic tobacco market and is one of the largest tobacco companies in the world.
- Altria Group Inc. has a market capitalization of over $80 billion.
- The company employs over 8,000 people.
- Altria Group Inc. is committed to reducing the harm caused by tobacco use and has invested heavily in developing reduced-risk products, such as e-cigarettes and heated tobacco products.
Final Thoughts
Altria Group Inc. is a major player in the tobacco industry and has a long and rich history. The company’s focus on innovation and its commitment to reducing the harm caused by tobacco use make it a leader in the industry. As Altria Group