What is the history of Altria Group, Inc.?
Altria Group, Inc., formerly known as Philip Morris Companies Inc., has a rich history that spans more than a century. It was founded in 1919 as a merger between Philip Morris & Co. and the American Tobacco Company. Since then, Altria has evolved into a global leader in the tobacco industry. Over the years, it has introduced iconic brands like Marlboro, which became the world's best-selling cigarette brand. Altria has constantly adapted to changing market dynamics and diversified its business portfolio. Today, it is more than just a tobacco company, with investments in various sectors, including smokeless products, wine, and beer. Throughout its history, Altria has remained committed to innovation, responsible marketing practices, and supporting the communities where it operates.
Answered May 3, 2024
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