The history of a worldwide company can be dated back to Philip Morris’s 1847 launching of a single shop on London’s Bond Street, marketing tobacco and ready-made cigarettes.
On Mr. Morris’s death, the company was taken over by his wife Margaret and his brother Leopold. In 1881 the Company went public, Leopold Morris combining with Joseph Grunebaum to create Philip Morris & Company and Grunebaum, Ltd.
The Company ultimately left the founding family’s control in 1894, when it was bought out by William Curtis Thomson.
In 1919 the company experienced the launch of the Philip Morris coronet logo, the purchase of the Philip Morris Company in the U.S. by a new company held by American stockholders, and its incorporation in Virginia under the name of Philip Morris & Co., Ltd., Inc.
By the end of the next ten years, PMI had started to produce cigarettes in its factory in Richmond, Virginia; in 1924, what was to become its most popular brand, Marlboro, was released.
By the mid-1950s PMI had grown to be a part of American culture, and soon after it introduced Philip Morris International to produce and sell its products all over the world.
Philip Morris (Australia) turns into the first affiliate of Philip Morris Companies Inc. outside the U.S.
The first Marlboro cigarettes produced out of the United States are manufactured right after a deal with Fabriques de Tabac Reunies in Switzerland.
Philip Morris Incorporated creates Philip Morris Domestic, Philip Morris International (PMI), and Philip Morris Industrial.
Marlboro comes to be the number one selling cigarettes around the world.
License deal with Japan Tobacco to start production of Marlboro in Japan.
PMI creates its biggest manufacturing area out of the United States, in Bergen op Zoom in the Netherlands.
The company is incorporated as an operating company of Philip Morris Companies Inc.
Philip Morris obtains a majority holding in state-owned Czech Republic Tabak AS for US$420 million.
In 1990 PMI bought other factories including in Kazakhstan, Lithuania, and Hungary.
PMI starts first plant in Malaysia.
PMI requires regulation of the tobacco industry at the World Health Organization’s public hearings on the Framework Convention for Tobacco Control in Geneva.
The company starts a plant in the Philippines.
PMI’s sales are almost 14 percent of the worldwide cigarette market outside of the United States.
The firm gets majority stake in Papastratos Cigarette Manufacturing S.A., the biggest tobacco company in Greece.
Philip Morris obtains 74.22 percent of DIN Fabrika Duvana AD Nis in Serbia.
PMI recovers license for Marlboro in Japan from Japan Tobacco International.
The company makes announcement about an deal with the China National Tobacco Company for the registered manufacturing of Marlboro China.
The firm obtains an additional 50.2 percent stake in Lakson Tobacco Company, Pakistan, getting its whole holding to around 98 percent.
PMI spins off from Altria, turning into the leading international cigarette maker around the world
PMI buys Rothmans Inc. of Canada and the fine-cut trademark Interval.
PMI announces agreement to set up a joint venture company with Swedish Match AB to market smoke-free tobacco products throughout the world, outside of Scandinavia and the United States.
PMI enters in an agreement with Fortune Tobacco Corporation in the Philippines to create a new company called PMFTC.