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Tobacco giants sue Britain over plain-packaging

Tobacco giants sue Britain over plain-packaging

| June 4, 2015

Philip Morris International (PMI) and British American Tobacco (BAT) have sued the British government over plain-packaging legislation passed in March. The law, which would take effect from May 2016, requires cigarettes to be sold in packages of uniform shape and size that feature only the brand name and contain prominent graphic health warnings. England is […]

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PMI announces new U.S. tobacco purchasing model

PMI announces new U.S. tobacco purchasing model

| November 5, 2014

Philip Morris International is adopting a new leaf buying model in the United States. The company will transition from directly purchasing tobacco through contracts with U.S. growers to purchasing through two suppliers, Alliance One International Inc. (AOI) and Universal Corp. This new purchasing model will take effect on April 1, 2015. “Moving to a new […]

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AOI to supply PMI

AOI to supply PMI

| November 5, 2014

Alliance One International has been selected to supply U.S. tobacco to Philip Morris International (PMI), as PMI adopts a new leaf procurement model in the United States and Canada. On Nov. 5, 2014, PMI announced its decision to transition from direct contracting and purchasing of tobacco from U.S. growers to sourcing its U.S. tobacco requirements […]

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PMI buys Nicocigs

PMI buys Nicocigs

| June 27, 2014

Philip Morris International has purchased Nicocigs, a leading U.K.-based vapor company whose principal brand is Nicolites. The transaction is not subject to regulatory approval and is not material to PMI’s 2014 consolidated financial position. “This acquisition is complementary to our previously announced agreement for the license and distribution of Altria Group’s e-vapor products,” said Drago […]

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PMI and Altria to cooperate on e-cigs

PMI and Altria to cooperate on e-cigs

| December 22, 2013

Philip Morris International and Altria Group have established a strategic framework to commercialize reduced-risk products and e-cigarettes. Under the terms of a set of licensing, supply and cooperation agreements, Altria will make available its e-cigarette products exclusively to PMI for commercialization outside the United States and PMI will make available two of its candidate reduced-risk […]

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PMI and JTI acquire stakes in Russian distribution firm

PMI and JTI acquire stakes in Russian distribution firm

| December 4, 2013

Philip Morris International and Japan Tobacco International are acquiring equity stakes of 20 percent each in Megapolis Distribution, the holding company of CJSC TK Megapolis, a major distributor in Russia. The companies are paying $750 million each for their stakes. If Megapolis’ operational performance meets certain benchmarks during the four fiscal years following the closing […]

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