Philip Morris International
American multinational tobacco company
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| 2025 | Philip Morris International ranks No. 121 in the Fortune 500 list of largest US corporations by total revenue. |
| 2025 | Resold Vectura Fertin Pharma to Molex. |
| July 2024 | PMI was removed from the International Sponsors of War list by the Ukrainian National Agency on Corruption Prevention. |
| 2023 | Smoke-free products, including Iqos, made up nearly 40% of global sales. Accumulated $12.5 billion in R&D investments for alternative smoking products. |
| 2023 | Company rebuilds workforce to 82,700 employees and maintains strong financial performance with $84,578 million revenue. |
| 2023 | Philip Morris International reported annual earnings of US$7.813 billion and annual revenue of US$84.578 billion for the fiscal year. |
| 2023 | Ranked No. 128 in the Fortune 500 list of largest corporations by total revenue. |
| 2023 | National Agency on Corruption Prevention of Ukraine included Philip Morris International in its International Sponsors of War list. |
| October 2023 | Iqos heated tobacco product generates the greatest revenue for Philip Morris International in the last quarter of the year. |
| 2022 | Relocated operational headquarters from New York City to Stamford, Connecticut. Consolidated Vectura Fertin Pharma. Agreed to a $16 billion deal to acquire Swedish Match. |
| 2022 | Philip Morris International paid US$206 million in corporate income tax to the Russian budget, as reported by the National Agency on Corruption Prevention of Ukraine. |
| 2022 | Following Russia's invasion of Ukraine, Philip Morris International announced its intention to sell its Russian business and exit the market, though the exit has not been completed. |
| 2022 | Total assets dramatically increase to $61,681 million, a significant financial milestone. |
| 2022 | Due to the Russian invasion of Ukraine, the company faced challenges with its Russian market exposure. PMI also agreed to a $16 billion deal with Swedish Match to boost its position in cigarette alternatives. |
| 2022 | Company reported revenue of 400 billion rubles in Russia, demonstrating significant market presence in the region. |
| November 2021 | Philip Morris International announced the relocation of its corporate headquarters from New York to Stamford, Connecticut, expected to be completed in Summer 2022. |
| July 2021 | Philip Morris International agreed to buy Vectura for £1 billion and acquired Fertin Pharma from EQT and the Bagger-Sørensen family for DKK 5.1 billion. |
| 2020 | Mission Winnow was dropped as Ducati's main sponsor and replaced by Lenovo. |
| 2020 | COVID-19 pandemic impacts workforce, with employee count reduced to 71,000. |
| October 2020 | Philip Morris launched IQOS products in the United Arab Emirates (UAE). |
| July 2020 | The U.S. Food and Drug Administration (FDA) authorized marketing of the IQOS system as a modified risk tobacco product (MRTP), marking the first electronic alternative to cigarettes granted such marketing orders. |
| 2019 | Ferrari removed Mission Winnow branding at the Australian Grand Prix after local authorities launched an investigation. |
| 2019 | Philip Morris returned as a sponsor for Ducati MotoGP team with 'Mission Winnow' branding, which raised controversy in Australia and Italy. |
| 2019 | Philip Morris International held a 30.1% market share in Russia. |
| 2019 | Chesterfield became the third-largest international brand from Philip Morris, with a volume of 57 billion cigarettes. Philip Morris brand sold in over 40 markets with a volume of 49 billion cigarettes. |
| April 2019 | UAE officially legalized the sale and use of electronic cigarettes. |
| 2018 | Philip Morris renewed its sponsorship deal with Ferrari and introduced 'Mission Winnow' branding at the Japanese Grand Prix. |
| 2018 | Philip Morris International launched an advertising campaign that was criticized as hypocritical, simultaneously urging smokers to quit while promoting other tobacco products. |
| August 2018 | Reuters reported Philip Morris International's 7% sales exposure to the Russian tobacco market. |
| March 2018 | Philip Morris announced a major restructure in Australia, cutting 150 jobs and introducing more digitally-based methods of dealing with retailers. |
| 2017 | Philip Morris renewed its sponsorship deal with Ferrari, with the deal reportedly worth $160 million a year. |
| 2017 | Editors of JAMA Internal Medicine reported that Philip Morris International contacted researchers' institutions after a publication describing harmful chemicals in heat-not-burn tobacco products, attempting to question the study's methods. |
| 2017 | Philip Morris was instructed to pay an estimated 50 million dollars in legal costs to the Australian government. |
| 2017 | The World Trade Organization's Dispute Settlement Body supported Australia's right to enforce plain packaging laws. |
| 2017 | Philip Morris International reaches its highest stock price at $105.65 per share. |
| 2017 | Marlboro ranked first among the most valuable tobacco brands on BrandFinance's website. |
| December 2017 | Reuters published documents and former employee testimonies revealing irregularities in clinical trials for the IQOS product's FDA approval. |
| September 2017 | Philip Morris International announced the establishment of the Foundation for a Smoke-Free World, committing almost US$1 billion in funding over 12 years, with a stated objective of evaluating smoke-free alternatives and their impact on public health and the tobacco industry. |
| July 8 2016 | The International Centre for Settlement of Investment Disputes ruled in favor of Uruguay in the Philip Morris v. Uruguay case, effectively supporting Uruguay's anti-smoking legislation against the company's legal challenge. |
| 2015 | Philip Morris renewed its sponsorship deal with Ferrari Formula One team. |
| 2015 | The company sold 850 billion cigarettes. |
| December 18 2015 | The UNCITRAL Tribunal unanimously decided it had no jurisdiction to hear Philip Morris Asia's claim against the Australian Government, effectively blocking PMI's legal strategy. |
| February 2015 | John Oliver highlighted Philip Morris's international legal cases on his television show Last Week Tonight, launching a campaign with the hashtag #JeffWeCan to raise awareness. |
| 2014 | Launched Iqos, a heated tobacco product with reduced emissions. |
| August 2014 | Philip Morris International threatened legal action against the UK Government over proposed plain packaging legislation for tobacco products, warning of potential compensation claims in the billions of pounds. |
| April 2014 | Philip Morris International announced the closure of its Moorabbin plant in Australia by the end of 2014, citing declining sales and difficulties with Australian government regulations about fire risks. |
| 2012 | Philip Morris lost a lawsuit against Norway regarding the country's ban on displaying tobacco products in stores. |
| 2012 | Company employee count increases to 87,100, marking a significant workforce expansion. |
| August 15 2012 | The High Court handed down orders finding the Tobacco Plain Packaging Act 2011 constitutional, with a 6:1 majority ruling against the tobacco companies. |
| April 17 2012 | Legal challenges to the tobacco plain packaging legislation were heard by the High Court of Australia, involving multiple tobacco companies including Philip Morris. |
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