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    Philip Morris International Inc

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    • Thursday, 1 June, 2023
      Helen Thomas
      PMI should forget wellness and focus on smokers who want to quit

      The tobacco company can justifiably claim expertise in developing alternative products that smokers will actually try

      A woman smokes a cigarette
    • Tuesday, 30 May, 2023
      Philip Morris on path to becoming an ESG stock, says chief executive

      Jacek Olczak argues that shift away from cigarettes should prompt a rethink after wave of exclusionary policies

      Jacek Olczak
    • Sunday, 26 March, 2023
      Altria Group Inc
      Altria makes fresh bet on vaping as it tries to move beyond Juul loss

      Owner of the Marlboro brand in the US seeks to double revenues from smokeless products

      vaping devices and pods for sale in a shop
    • Sunday, 5 March, 2023
      InterviewLeadership
      Philip Morris’s CEO on quitting smoking and detoxifying the brand

      Jacek Olczak says he is steering the tobacco group away from cigarettes towards ‘healthy solutions’

      Jacek Olczak. chief executive of Philip Morris International, at the company’s headquarters in Lausanne, Switzerland
    • Wednesday, 22 February, 2023
      Tobacco group Philip Morris admits it may never sell its Russian business

      Company signals ‘no hope’ of a deal because of Kremlin terms on foreign companies’ asset sales

      Philip Morris chief Jacek Olczak
    • Sunday, 6 November, 2022
      Philip Morris wins Elliott’s backing for $15.7bn Swedish Match takeover

      Activist hedge fund stands to make about $150mn in profit from deal

      Swedish Match snus production
    • Friday, 28 October, 2022
      Elliott Management raises stake in takeover target Swedish Match

      Hedge fund now has power to decide outcome of Philip Morris International’s $16bn offer for smokeless tobacco specialist

      Swedish Match is the largest supplier of orally consumed tobacco and nicotine products in the US
    • Thursday, 20 October, 2022
      Philip Morris raises Swedish Match offer to $15.7bn

      Cigarette maker bows to pressure from activist funds that have built stakes in smokeless tobacco specialist

      Snus cans are seen on shelves at a Swedish Match store in Stockholm
    • Monday, 17 October, 2022
      LexSwedish Match AB
      Elliott/Swedish Match: Philip Morris bid is not yet up to snuff Premium content

      Segment carries lower regulatory risk than traditional cigarettes

      Moist powder tobacco cans on shelves at a Swedish Match store in Stockholm
    • Friday, 13 May, 2022
      The Top LineTom Braithwaite
      Philip Morris has resolved big tobacco’s burning issue

      Even if its $16bn investment in Swedish Match disappoints, annual cigarette sales of 600bn provide decent insurance

      Snus pouches
    • Wednesday, 11 May, 2022
      Philip Morris International strikes $16bn deal for Swedish Match

      Acquisition takes company further into market for tobacco-free alternatives to cigarettes

      Tins of snus on a shelf
    • Tuesday, 10 May, 2022
      Lex
      Philip Morris/Swedish Match: nicotine alternatives in vogue for a smokeless future Premium content

      European group’s success with chewing tobacco and pouches make for a tidy addition

      An open packet of Marlboro cigarettes
    • Monday, 9 May, 2022
      Tobacco
      Philip Morris International nears $16bn deal for Swedish Match

      Marlboro seller close to acquisition of maker of snus tobacco pouches in further shift away from cigarettes

      Cartons of Marlboro cigarettes
    • Saturday, 12 February, 2022
      News in-depthTobacco
      Big Tobacco struggles to convince investors it can quit cigarettes

      Companies turn to share buybacks as investors ditch stocks over ESG concerns

      A worker takes a cigarette break by a bridge in Istanbul
    • Tuesday, 9 November, 2021
      Interview
      Philip Morris rules out future merger with Altria

      Chief executive Jacek Olczak tells FT that chapter involving fellow tobacco group is ‘closed’

      Philip Morris chief Jacek Olczak
    • Wednesday, 13 October, 2021
      Covid-19 vaccines
      Philip Morris-backed group to launch plant-based Covid vaccine

      Japanese pharma company says Medicago’s product will be cheaper to make and easier to transport

      Medicago employees at the North Carolina facility
    • Thursday, 16 September, 2021
      Tobacco group Philip Morris wins control of inhaler company Vectura

      Cigarette maker secures majority of shares in UK-based medical device manufacturer

      Vectura’s laboratory in Chippenham, Wiltshire, UK
    • Friday, 20 August, 2021
      Mergers & Acquisitions
      Vectura investors under the microscope as Philip Morris hunts victory

      Shareholders in UK inhaler maker will have final say in a takeover battle that has divided opinion

    • Wednesday, 18 August, 2021
      Brooke Masters
      Moral outrage over Philip Morris’s bid for Vectura is misplaced

      We must allow companies to reinvent themselves and address the problems they helped create

      A man smoking outside a building
    • Friday, 13 August, 2021
      FT News Briefing podcast9 min listen
      Airbnb up on travel recovery; financial technology grows in Africa

      Short-term rental provider reports strong revenue growth, but warns on spread of Covid variants

    • Thursday, 12 August, 2021
      Mergers & Acquisitions
      Tobacco group PMI wins support of Vectura’s board for £1bn takeover

      Inhaler maker draws criticism from health charity for ‘absurd’ deal

      Vectura logo on phone
    • Monday, 9 August, 2021
      Helen Thomas
      Vectura auction doesn’t let its board off stakeholder hook

      UK inhaler group has bungled handling competing interests from cigarette-maker Philip Morris and Carlyle

      A Vectura laboratory
    • Monday, 9 August, 2021
      Vectura Group PLC
      Philip Morris and Carlyle face auction in battle for inhaler group

      UK regulator to oversee five days of bidding for Vectura by cigarette producer and private equity firm

      A Vectura manufacturing facility
    • Sunday, 8 August, 2021
      Private equity
      Philip Morris raises offer in bidding war for UK inhaler group Vectura

      Tobacco group lifts bid above £1bn in battle with Carlyle as private equity targets British businesses

      PMI logo
    • Sunday, 25 July, 2021
      Philip Morris to stop selling Marlboro cigarettes in UK within 10 years

      Brand ‘will disappear’ from UK shelves under diversification strategy, says chief executive

      Marlboro cigarettes
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